Tag: InflationData

Indian stocks see second consecutive decline as Reserve Bank of India tightens monetary policy. Nifty 50 down 0.38%, S&P BSE Sensex falls 0.35%. Await rate decisions from European Central Bank and Bank of Japan plus upcoming inflation data.

The Indian rupee ended higher on Friday, riding on the trend of other Asian currencies. Traders are watching US inflation data ahead of the Fed's interest rate verdict. The rupee finished at 82.4625 against the US dollar, down from 82.5622 on Thursday. Analysts expect US inflation data and the Fed's decision to affect the rupee's performance. The rupee has traded at 82.42-82.68 over the past week, while foreign investment inflows have sustained the Indian currency. But with China's yuan taking a hit, eyes are now on India's inflation data scheduled for Monday.