The U.S. dollar index hit its highest level in two decades this year, while the rupee has been trading around eighty. The dollar has been on a tear. There are many factors contributing to the recent increase in the value of the dollar, some of which are hawkish central banks, particularly the Federal Reserve, recession…
A strong dollar and high U.S. Treasury yields hampered gold’s price decline to its lowest point since April 2021, as expectations of another significant Fed rate hike reduced the attraction of bullion. To $1,664.46 an ounce, spot gold decreased 1.9 %. At $1,662.30 per ounce, U.S. gold futures experienced a 2.02% decline. Silver prices were…
The rupee traded early on Thursday in a range-bound as a strong dollar and worries over a hawkish U.S. Federal Reserve outweighed gains in domestic markets. At the interbank foreign exchange, the rupee touched 79.47 in initial deals after starting at 79.53 against the dollar, gaining 5 paise from its previous close. The rupee lost 35…
With the strength of the dollar, the Indian rupee is likely to weaken. Increased petroleum prices, worries about interest rate increases, and recession worries are also anticipated to have an impact on the local currency. Analysts predict that the USDINR spot price will fluctuate between Rs. 79 and Rs. 80.50 over the next several trading…
According to a Reuters poll, India’s battered rupee will remain vulnerable to a worsening trade balance and an aggressive U.S. Federal Reserve rate-hiking campaign into next year and trade close to its lifetime low versus the U.S. dollar. The rupee has hit its lowest point many times this year and would depreciate by more than…
The strength of the U.S dollar in the international market caused the rupee to weaken 12 paise to 79.90 against the dollar in Tuesday’s opening session. The rupee depreciated 12 paise from its previous level to start the day at 79.90 against the dollar on the interbank foreign exchange market. The rupee gained nine paise…
The rupee strengthened during the past week despite a steep decline in crude oil prices. Additionally, the rupee received support from large inflows into local equity markets and a reduction in the federal fiscal deficit of India. In response to Jerome Powell’s hawkish remarks, the dollar index increased slightly and reached its highest level in…
Indian rupee, which on August 29 hit a new record low versus the dollar, is expected to strengthen during the following ten years. The Indian rupee has dropped to a historic low of 80 per dollar this year, continuing a long-term trend of devaluation versus the U.S. dollar. It may still weaken further in the…
On Friday, the Indian rupee saw its largest one-day gain in almost a year, supported by a steep decline in the value of the dollar, while bond prices dropped to their lowest levels in two and a half months, following declines in their American equivalents. Its highest single-day performance since August 27 of last year,…
The Indian Rupee is likely to trade in a rangebound manner on Wednesday amid mixed ideas. The range for the day as RBI ensures to keep the rupee within 80 levels is 79.70 to 80.00, according to forex analysts. Any trigger may lead to a breakout and set a target of 80.50-81.00 levels. In the…
