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News 2026-09-23 11:17 UTC

MNI US MARKETS ANALYSIS - USD Strength Pervades

Highlights: * Xi Jinping heads to Washington, meetings with Trump in focus * Flash PMI data in focus, as well as more Fedspeak * USD strength pervades, putting key levels in both GBPUSD and USDMXN into view US TSYS: Paring Gains, Flash PMIs Ahead, Trump Welcomes Xi Tonight: s-xi-tonight-1790161492747 Treasuries are mil

News 2026-09-23 10:14 UTC

INDIA: FCNR Inflows Deliver Modest FX Support, Bigger Sterilisation Challenge

Monday's RBI data showed total facility receipts reaching $143.6bn, dominated by $132.98bn of high-yielding FCNR(B) dollar deposits - substantially above the RBI's initial guidance of $80-90bn. Despite the scale of these inflows, their impact on the INR has so far been relatively modest. Yet they have still created a s