Last Updated on: 18/09/2025
TODAY Thursday,18th September , 2025
USD/INR:
The Indian rupee slipped on Wednesday, pressured by a firmer dollar and higher U.S. Treasury yields after the Federal Reserve's widely expected 25 basis points cut left investors parsing mixed signals from its projections and commentary.
The rupee was down 0.3% at 88.0650 against the U.S. dollar, in line with weakness among regional peers and halting a four day streak of gains.The dollar was up 0.2% at 97.2 against a basket of major currencies even though it had hit a 3-1/2-year low in the immediate aftermath of the Fed's policy announcement.
MAJOR WORLD CURRENCIES:
USD:
Most Asian currencies moved in a tight range on Thursday, while the dollar steadied from mild overnight gains as markets digested a largely in-line interest rate cut and outlook from the U.S. Federal Reserve.
The Japanese yen sat on some gains this week, with focus now turning to the Bank of Japan’s policy meeting, which is set to conclude on Friday. Key Japanese inflation data is also on tap.
Broader Asian currencies steadied after gaining some ground this week, as growing conviction in lower U.S. interest rates dented the dollar. But the greenback firmed after the Fed’s Wednesday decision and was steady in Asian trade.
GBP/USD:
Markets remain in a cautiously optimistic mood early Thursday, assessing the US Federal Reserve’s (Fed) prudence on further easing, while gearing for the expected interest rate cut-hold by the Bank of England (BoE) later in the day.
The US Dollar (USD) is building on its post-Fed event recovery, with the US S&P 500 futures up roughly 0.30% so far. The USD Index is bouncing back toward 97.50, as of writing, adding 0.25% on the day.
EUR/USD:
The EUR/USD pair holds steady around 1.1815 during the Asian trading hours on Thursday. The US Dollar (USD) trades flat against the Euro (EUR) following its plunge to a three-and-a-half-year low as traders assess the Federal Reserve’s (Fed) rhetoric on further interest rate cuts. Traders await the speech from the European Central Bank (ECB) Christine Lagarde later on Thursday.
The Fed reduced rates by 25 basis points (bps) at its September meeting on Wednesday, as widely expected, and signaled it will steadily lower borrowing costs for the rest of this year. Fed Chair Jerome Powell outlined the recent policy decision as a risk-management reduction in reaction to the weak labor market but stressed that the US central bank does not need to rush easing.
Powell said that the rate-path views are not commitments, adding that higher inflation is still a risk and the Fed is now in a "meeting-by-meeting situation" when it comes to further rate cuts. Less dovish than expected remarks from Powell could provide some support to the Greenback in the near term.
Gold:
Gold (XAU/USD) extends its steady intraday descent through the first half of the European session on Wednesday and slides further below the $3,665 level, hitting a fresh daily low in the last hour. The US Dollar (USD) stages a modest bounce from its lowest level since early July amid some repositioning trade ahead of the pivotal FOMC decision and exerts some pressure on the precious metal. The commodity now seems to have snapped a three-day winning streak to the all-time peak touched on Tuesday, though the downside remains cushioned.
Investors now seem convinced that the US Federal Reserve (Fed) will resume its rate-cutting cycle later today and deliver two more rate cuts by the end of this year amid signs of a softening labor market. This might keep a lid on any further USD gains and offer some support to the non-yielding Gold. Apart from this, geopolitical risks stemming from the intensifying Russia-Ukraine war and conflicts in the Middle East may contribute to limiting losses for the safe-haven precious metal. This, in turn, warrants some caution for the XAU/USD bears.
USD/INR as on 17th September , 2025
Currency
OPEN
HIGH
LOW
CLOSE
USD/INR
87.86
87.90
87.69
Forward premium (%) as on 17th September , 2025
Periods
1 Month
3 Month
6 Month
12 Month
Premium
1.68/1.94
1.96/2.06
2.15/2.20
2.36/2.38
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on 18th September , 2025 @ 09.00am)
Cash/Tom: 0.47/0.48 Cash/Spot:0.40/4.00
Tom/Spot: 0.30/3.00 Spot/Next: 0.10/1.00
Cash Date: 18.09.2025
Tom Date: 19.09.2025
Spot Date: 22.09.2025
Outlook for the day 18th September: Rupee expected to trade in range of 87.95 to 88.15
MAJOR WORLD CURRENCIES: as on (17thSeptember, 2025)
CURRENCY
GBP
1.3646
1.3726
1.3616
1.3625
EUR
1.1866
1.1918
1.1806
1812
AUD
0.6684
0.6706
0.6639
0.665
JPY
146.48
147.05
145.47
146.97
CHF
0.7855
0.7893
0.7827
0.7886
XAU
3707.40
3644.39
3659.6714
Foreign Currencies
Updated:17:30 hrs.(12:00 GMT) on 17th September 2025
USD/INR: 87.82 [FXIR]
Against
USD
INR
1 GBP =
1.3644
119.8216
1 EUR =
1.1837
103.9525
100 JPY =
146.27
60.0397
1 CHF =
0.7868
111.6167
1 AUD =
0.6670
58.5759
Precious Metals
Updated:17:30 hrs.(12:00 GMT) as on 17th September 2025
Gold ($/oz)
3681
Silver ($/oz)
41.2650
Stock Indices
Index Close
16th Sep
17th Sep
BSE Sensex
81904.70
82693.71
NSE Nifty
25114
Dow Jones
45757.90
46018.32
NASDAQ
22333.96
22261.33
Major Economic Data Releases for the Day 18.09.2025
Date
Time (IST)
Region
Description
18.09.2025
4.15 am
NZD
GDP q/q
7.00 am
Employment Change
Unemployment Rate
4.30 pm
Monetary Policy Summary
MPC Official Bank Rate Votes
Official Bank Rate
6.00 pm
Unemployment Claims
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