The rupee’s value against the dollar saw minimal change, reflecting the overall weakening trend of Asian currencies. As of 9.10am, the rupee was trading at 83.25 per dollar, indicating a marginal 0.01% decrease from its previous closing value of 83.26.
In August, India experienced a retail inflation rate slightly exceeding 5%, surpassing market predictions due to easing food and oil prices. Concurrently, industrial production saw a significant surge of 10.3%, primarily propelled by the mining, electricity, and manufacturing sectors.
Brent oil prices exceeded $91.02 per barrel, primarily due to escalating geopolitical tensions in the Middle East during the previous week.
Across Asia, various currencies exhibited a decline in value. The South Korean won depreciated by 0.39%, the Malaysian ringgit by 0.27%, the Taiwan dollar by 0.22%, the Indonesian rupiah by 0.2%, and the Philippines peso by 0.08%. Additionally, China’s renminbi and the Singapore dollar saw a decrease of 0.05% each.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.