Since morning, rupee has been trading in a narrow range, 82.59 on lower side and 82.71 on higher side. These levels are on spot basis.
To our understanding and taking cue from RBI verbal intervention two days back, we might see some activity between 3 pm and 3:30 pm (possibly, one last intervention from central bank), before official trading hours closes at 3:30 pm in OTC.
Let's see if RBI intervenes or is ok with the present level - 82.65/66.
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Update
No intervention or change in prices. So, central bank is ok. Now let's see if there is any firework post Powell's speech at Jackson Hole.
Posting here for reference. Will check after Powell's speech.
Have a look at US 10 year bond Yield below
The official name of the Chinese currency is the renminbi (RMB) while the currency unit is the Yuan. It is split into two markets which are expected to merge into one over time. The onshore RMB is known as CNY (CNY is a valid ISO 4217 currency code and used in SWIFT). The offshore RMB is known as CNH.
USD/INR Chart
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