The rupee saw a high-voltage week in the domestic currency market, falling from 81.21 to 82.77 before ending at 82.28, losing more than a percentage point. Better global cues, lower crude oil prices, the central bank buying dollars, and inflows of foreign funds all weighed on the rupee, making it difficult for it to advance….
The strong dollar and risk aversion in international markets are expected to cause the Indian rupee to weaken on Wednesday. Additionally, ongoing FII inflows could harm the rupee. Investors will be on the lookout for the RBI’s monetary policy, as the central bank may decide to halt the rate of rate increases. The rate increase…
The weaker dollar is anticipated to support the Indian rupee on Friday. The expectation that the central bank may slow the rate hikes is causing the dollar to weaken. Additionally, market investors will continue to be cautious ahead of a crucial US employment report because it affects the Fed’s decision on policy. Meanwhile, a rise…
Wednesday’s opening rate for the Indian rupee was higher than yesterday’s close of 81.72, at 81.64 to the dollar. As domestic equities markets do well, Asian counterparts perform well, and the dollar weakens, the local currency is anticipated to rise. The rupee lost ground versus the US dollar in the previous session as the outlook…
Rupee recovered some of its strength from the prior week and retreated to 81.50 levels, while the dollar retreated to 105.60 levels. The FOMC meeting minutes revealed that the majority of the officials believe the central bank should limit the rate of interest rate hikes, which caused the dollar to lose strength. Additionally, the rupee…
On Thursday, the Indian Rupee began the day 15 paise higher at 81.70 to the dollar. The local currency is anticipated to strengthen against the US dollar due to strong global cues, increased equities market risk, and other factors. The USDINR pair is anticipated to trade flatly with a bias against it. Due to importers’…
On Tuesday, the rupee increased 0.2% to close at 81.67 against the dollar. Although the value of the Indian rupee has decreased during the previous week, there is a potential that it will turn around. The net foreign portfolio investor flows have been strong in November; as of this writing, the flows stood at $3.2…
On Friday, the Indian rupee is anticipated to trade range-bound due to caution in the equities markets and the strength of the US dollar. The USDINR pair is predicted by analysts to trade sideways today and quote between 80.50 and 81.5. The US jobless claims, housing starts, construction permits, and Philadelphia Fed Manufacturing Index data…
The volatility in the global equity markets, the stability of oil prices at $95 per barrel, and the strength of the dollar, the Indian Rupee is likely to remain stable. On Friday, the USDINR pair opened a little higher and is forecast to move in a range of 82.50 and 83.30. Following the US Federal…
In anticipation of the US Fed meeting, the Indian rupee is anticipated to trade range-bound and flat on Wednesday. The USDINR pair is anticipated to trade in a band of 82.45-82.83 throughout the day. In the previous session, the rupee gained value relative to the US dollar as the latter dropped from its high points….
