The rupee recovered after a slow start, reaching an intraweek high of 81.08 on Friday before ending the week at 81.1250 against the dollar. The local currency rose to 80.88 on Monday before reversing drastically lower. It posted a daily loss of 0.32% and closed at 81.72 on Tuesday.Positive foreign flows were mostly responsible for…
On Monday, the Indian rupee began trading at 80.94 to the dollar, up 18 paise from the previous close of 81.12 to the dollar. For the first time since the start of 2022, the local unit is below the 81-point threshold. On the strength of increased risk appetite in the home market, a weaker dollar,…
The assumption that the US Federal Reserve may be more cautious in raising interest rates, the decline in the price of crude oil, and banks selling dollars on behalf of exporters and foreign portfolio investors all helped the Rupee close at a five-week high on Tuesday. The Indian rupee (INR) increased 58 Paise from the…
The rupee fluctuated between 82.90 and 82.45 during this week of consolidation. After a lacklustre December month, last week was tumultuous as we witnessed a fall and recovery in the spot USDINR. Since other EM currencies began to gain strength versus the dollar, now is the ideal opportunity to go short in the pair as…
In comparison to the previous finish of 82.80 per dollar, the Indian Rupee started the day slightly higher at 82.77 per dollar. On Thursday, the local currency is anticipated to strengthen due to a weaker dollar and falling crude oil prices. Furthermore, the currency pair may be supported by upbeat mood on the world market….
Tuesday’s opening rate for the Indian rupee was slightly lower than the previous day’s close of 82.65 to the dollar. Due to a rise in risk appetite on international markets and the depreciation of the dollar, the local currency is anticipated to increase in value. Market confidence increased on expectations of more gradual Fed rate…
As traders awaited economic data due later in the day to determine the US Federal Reserve’s attitude on rate hikes, gold was trading flat in India’s market and other Asian markets on December 23 morning. The price of gold was Rs 54,530 for 10 grams, up 0.02 percent on the Multi Commodity Exchange (MCX). A…
On Thursday, the Indian Rupee is most likely to weaken due to an increase in the price of crude oil. After data revealed a larger-than-anticipated drop in US crude stockpiles, oil prices surged. A significant decline in the local currency may be avoided, though, due to the dollar’s weakness and the upbeat outlook for the…
On Thursday, the Indian Rupee depreciated against the US dollar and opened at Rs. 82.63. On the heels of risk aversion in international markets and a rise in crude oil prices, the domestic currency is anticipated to weaken today. The US Fed signalled that rates may rise considerably higher than previously anticipated to manage inflation,…
On Wednesday, the Indian rupee started the day 21paise higher at 82.59 to the dollar due to rising risk on international equities markets, FII inflows, and falling oil prices. “The rupee is likely to strengthen today as a result of the weaker dollar and the upbeat outlook for the world’s financial markets.The expectation that the…
