The Indian rupee recorded the second weekly gain and best performance after the Chinese yuan due to foreign fund inflows, an increase in risk appetite as a result of foreign investors buying Adani group stock. Spot rupee increased by over one percentage point to close just above 82. The S&P 500 saw its first weekly…
Mumbai, Early on Monday, the rupee lost 19 paise to trade at 82.94 against the US dollar as a result of a strong US dollar and a flat domestic equity market. At the interbank foreign exchange, the local unit started out weakly versus the dollar at 82.87, then declined further to 82.94, losing 19 paise…
Despite government efforts, rupee trade has not taken off. The exchange rate mechanism and money repatriation are experiencing teething problems, according to officials from the ministry of trade. According to a representative of the trade ministry, “It hasn’t really taken off, but there are isolated situations where banks have started it.” India hasn’t, however, formally…
Rupee started the day higher versus the dollar at 82.58, up 13 paisas from its previous close of 82.72 on Tuesday as the value of the dollar against a basket of six peers remained stable. Tuesday saw a decline in the price of crude oil, helping the currency. A weaker dollar and upbeat global market…
On Monday, the Indian rupee is anticipated to weaken due to a strong dollar and an increase in crude oil prices. The dollar is trading close to its five-week high as expectations for continued Fed policy tightening rise in the wake of the Labor Department’s revision of the CPI data upward for the previous three…
On Thursday, the Indian rupee depreciated by 10 paise to open at 82.59 against the dollar, down from the previous close of 82.49. Due to the strengthening dollar and growing price of crude oil, the local currency is anticipated to decline today. Additionally, a consistent FII exodus from domestic equity markets could put pressure on…
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 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 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…
