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….
Last week, the rupee recovered to 82.34 levels after hitting a new record low in the futures market due to the weakening of the dollar and the increase in risk appetite in domestic markets. The expectation that the Fed could pause the pace of rate hikes after its November meeting caused the dollar to lose…
On Friday, the Indian Rupee is anticipated to strengthen versus the US dollar due to the dollar’s decline and the strength of Asian and EM counterparts. Additionally, it is anticipated that the US Fed will weaken its aggressive rate-hiking strategy starting in December, which will boost the rupee. The dollar index has decreased this week…
Due to the strong US dollar, high oil costs, and volatility in the financial markets, the Indian rupee is anticipated to open weak. It is anticipated that USDINR(Spot) will trade favorably and quote in the area of 82.50-83.20. In the previous session, despite the foreign dollar weakening, the rupee recovered from its all-time lows to…
Amidst weaker-than-expected economic statistics from India, the rupee fell last week to a new record low and reached 82.85. While factory output fell for the first time in 18 months, higher food costs caused retail inflation to reach a five-month high of 7.4%. The U.S. core consumer price index jumped 6.6% from a year ago,…
USDINR opened with a gap up at Rs.82.20 in the previous session after closing at Rs.81.90 on Thursday, and the market saw primarily dollar purchasing by corporates and banks as rupee pressure persisted on Friday. With other Asian currencies plunging – CNH from 7.02 to 7.12 and KRW from almost 1400 to 1412 – with…
The Indian rupee is anticipated to continue volatile in the face of a strong dollar, market risk aversion, and cautious emotions ahead of the result of the RBI Monetary Policy Committee meeting. The rupee closed slightly higher versus the US dollar the previous day, following a bumpy session in which the Reserve Bank of India…
The Indian rupee is projected to fall further as the dollar strengthens and markets become more risk-averse. The USDINR pair is likely to rise to 83 in the next sessions. The rupee fell to a new record low of 81.94 against the US dollar in the previous session, as US bond yields rose. So far…
The Indian rupee fell to a new record low on Monday, owing to risk aversion in equity markets and a strong U.S. dollar. Investors are apprehensive ahead of the RBI MPC meeting later this week. The native currency began at 81.52 per dollar, down from Friday’s finish of 80.99. Analysts predict that the rupee would…
The Reserve Bank of India’s (RBI) mission will be made more difficult by the falling rupee, which is the result of high wholesale prices and retail inflation. This could lead the MPC, which meets next week, to consider another aggressive rate hike of at least 50 basis points. At the same time, fears of elevated…
