AIRLINK 179.76 Decreased By ▼ -2.95 (-1.61%)
BOP 9.99 Decreased By ▼ -0.46 (-4.4%)
CNERGY 8.41 Decreased By ▼ -0.02 (-0.24%)
CPHL 93.60 Decreased By ▼ -0.61 (-0.65%)
FCCL 46.44 Increased By ▲ 0.16 (0.35%)
FFL 16.00 Decreased By ▼ -0.18 (-1.11%)
FLYNG 28.55 No Change ▼ 0.00 (0%)
HUBC 143.90 Decreased By ▼ -1.88 (-1.29%)
HUMNL 12.86 Decreased By ▼ -0.17 (-1.3%)
KEL 4.39 Decreased By ▼ -0.02 (-0.45%)
KOSM 6.05 Increased By ▲ 0.26 (4.49%)
MLCF 67.75 Increased By ▲ 0.45 (0.67%)
OGDC 215.63 Increased By ▲ 2.35 (1.1%)
PACE 6.07 Decreased By ▼ -0.01 (-0.16%)
PAEL 46.46 Decreased By ▼ -1.38 (-2.88%)
PIAHCLA 17.52 Decreased By ▼ -0.27 (-1.52%)
PIBTL 9.85 Decreased By ▼ -0.07 (-0.71%)
POWER 14.29 Increased By ▲ 0.03 (0.21%)
PPL 171.75 Increased By ▲ 1.09 (0.64%)
PRL 33.42 Decreased By ▼ -0.58 (-1.71%)
PTC 22.18 Decreased By ▼ -0.05 (-0.22%)
SEARL 93.90 Decreased By ▼ -1.14 (-1.2%)
SSGC 41.60 Decreased By ▼ -0.50 (-1.19%)
SYM 15.91 Increased By ▲ 0.30 (1.92%)
TELE 7.74 Increased By ▲ 0.27 (3.61%)
TPLP 10.01 Increased By ▲ 0.02 (0.2%)
TRG 67.69 Increased By ▲ 0.80 (1.2%)
WAVESAPP 9.76 Decreased By ▼ -0.12 (-1.21%)
WTL 1.35 No Change ▼ 0.00 (0%)
YOUW 3.87 Increased By ▲ 0.04 (1.04%)
AIRLINK 179.76 Decreased By ▼ -2.95 (-1.61%)
BOP 9.99 Decreased By ▼ -0.46 (-4.4%)
CNERGY 8.41 Decreased By ▼ -0.02 (-0.24%)
CPHL 93.60 Decreased By ▼ -0.61 (-0.65%)
FCCL 46.44 Increased By ▲ 0.16 (0.35%)
FFL 16.00 Decreased By ▼ -0.18 (-1.11%)
FLYNG 28.55 No Change ▼ 0.00 (0%)
HUBC 143.90 Decreased By ▼ -1.88 (-1.29%)
HUMNL 12.86 Decreased By ▼ -0.17 (-1.3%)
KEL 4.39 Decreased By ▼ -0.02 (-0.45%)
KOSM 6.05 Increased By ▲ 0.26 (4.49%)
MLCF 67.75 Increased By ▲ 0.45 (0.67%)
OGDC 215.63 Increased By ▲ 2.35 (1.1%)
PACE 6.07 Decreased By ▼ -0.01 (-0.16%)
PAEL 46.46 Decreased By ▼ -1.38 (-2.88%)
PIAHCLA 17.52 Decreased By ▼ -0.27 (-1.52%)
PIBTL 9.85 Decreased By ▼ -0.07 (-0.71%)
POWER 14.29 Increased By ▲ 0.03 (0.21%)
PPL 171.75 Increased By ▲ 1.09 (0.64%)
PRL 33.42 Decreased By ▼ -0.58 (-1.71%)
PTC 22.18 Decreased By ▼ -0.05 (-0.22%)
SEARL 93.90 Decreased By ▼ -1.14 (-1.2%)
SSGC 41.60 Decreased By ▼ -0.50 (-1.19%)
SYM 15.91 Increased By ▲ 0.30 (1.92%)
TELE 7.74 Increased By ▲ 0.27 (3.61%)
TPLP 10.01 Increased By ▲ 0.02 (0.2%)
TRG 67.69 Increased By ▲ 0.80 (1.2%)
WAVESAPP 9.76 Decreased By ▼ -0.12 (-1.21%)
WTL 1.35 No Change ▼ 0.00 (0%)
YOUW 3.87 Increased By ▲ 0.04 (1.04%)
BR100 12,624 Decreased By -52 (-0.41%)
BR30 38,043 Decreased By -96.3 (-0.25%)
KSE100 117,939 Decreased By -491.1 (-0.41%)
KSE30 36,294 Decreased By -109.6 (-0.3%)

MUMBAI: The Indian rupee closed nearly flat on Tuesday, tracking largely subdued price action in its Asian peers, as investors awaited comments from the Federal Reserve Chair for cues on the future path of US interest rates. The rupee ended at 83.4850 against the US dollar, barely changed from its close at 83.4925 in the previous session.

Indian state-run banks were “active on both sides,” like on Monday, which along with mostly quiet price action in Asian currencies, kept the rupee in a tight range, a foreign exchange trader at a foreign bank said.

The rupee lingered in the 83.4775-83.51 band through the day’s session. The currency has maintained an under 10 paisa intra-day trading range so far in July.

Fed Chair Jerome Powell will deliver his semi-annual testimony on monetary policy in front of US lawmakers on Tuesday and Wednesday. His remarks may offer fresh cues on the timing of Federal Reserve rate cuts after a string of recent data, including a soft jobs report, helped drive up the odds of September rate reduction to over 75% from nearly 70% last week, according to CME’s FedWatch tool.

Comments

Comments are closed.