Rupee flat at 83.38 against dollar amid most Asian currencies trading in green

India’s GDP had grown at a four-quarter high of 7.8 percent in April-June and 6.2 percent in July-September 2022.

The rupee traded a little changed against the dollar in thin volumes ahead of key data due later this week. At 9.10am, the home currency was trading at 83.38 to a dollar, up 0.01 percent from its previous close of 83.38.

Traders are awaiting key exit poll outcome and the gross domestic product on November 30.

India’s GDP growth is likely to have declined to 6.8 percent during the July-September quarter from 7.8 percent in the previous quarter riding on robust consumption and with capital expenditure backing economic activities, according to a Moneycontrol survey of 15 economists.

India’s GDP had grown at a four-quarter high of 7.8 percent in April-June and 6.2 percent in July-September 2022.

Asian currencies traded higher on November 28 morning. The South Korean won was up 0.9 percent, Japanese yen 0.4 percent, Taiwan dollar 0.35 percent, Indonesian rupiah 0.31 percent, Thai Baht 0.28 percent, Malaysian ringgit 0.18 percent, and Singapore dollar 0.13 percent.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.12, down 0.08 percent from its previous close of 103.2.

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