- “Rupee makes a new all-time low of Rs 83.99 per dollar as importers, FPIs and oil companies continue buying while RBI ensures that it does not cross Rs 84.00 per dollar, a psychological level,” said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.
- Private sector employment increased by 99,000 in August and annual pay was up 4.8% year-over-year, Automatic Data Processing (ADP) reported on Thursday. This figure followed the 111,000 (revised from 122,000) increase seen in July and below the estimation of 145,000 by a wide margin.
- The weekly US Initial Jobless Claims rose to 227,000, compared to the previous reading of 232,000 (revised from 231,000) and below the initial consensus of 231,000).
- US ISM Services PMI increased to 51.5 in August from 51.4 in July, beating the estimation of 51.1.
- Chicago Fed President Austan Goolsbee said on Friday that the longer-run trend of labor market and inflation data justify the Fed easing interest-rate policy soon, and then steadily over the next year
- “Rupee makes a new all-time low of Rs 83.99 per dollar as importers, FPIs and oil companies continue buying while RBI ensures that it does not cross Rs 84.00 per dollar, a psychological level,” said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.
- Private sector employment increased by 99,000 in August and annual pay was up 4.8% year-over-year, Automatic Data Processing (ADP) reported on Thursday. This figure followed the 111,000 (revised from 122,000) increase seen in July and below the estimation of 145,000 by a wide margin.
- The weekly US Initial Jobless Claims rose to 227,000, compared to the previous reading of 232,000 (revised from 231,000) and below the initial consensus of 231,000).
- US ISM Services PMI increased to 51.5 in August from 51.4 in July, beating the estimation of 51.1.
- Chicago Fed President Austan Goolsbee said on Friday that the longer-run trend of labor market and inflation data justify the Fed easing interest-rate policy soon, and then steadily over the next year
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