On Tuesday, the rupee lost 15 paisa to settle at 83.21 (provisional) against the US dollar as poor domestic equities and a strong US dollar dampened investor optimism. Forex traders claimed that the rupee was under pressure to fall due to subdued domestic macroeconomic indicators and ongoing FII withdrawals. The local currency started out at…
In early trade on Wednesday, the rupee traded in a narrow range against the US dollar as high crude oil prices and a strong greenback offset the support from favorable macroeconomic data. Foreign exchange dealers claimed that domestic industrial production and retail inflation data were better than expected and backed up investor confidence. Investors are…
Amidst a strong dollar, an increase in US Treasury yields, and risk aversion in the global markets, the rupee declined sharply in the previous week, breaking through the significant resistance level of 83.00. The US economy was shown to be resilient by a deluge of strong economic data, which gave the dollar and yields a…
In the midst of flat performance in domestic stocks on Tuesday, the rupee fluctuated within a small range before ending the day 2 paise higher at 82.82 (provisional). According to currency traders, the local currency’s significant advances were restrained by the strength of the U.S. dollar. A high of 82.76 and a low of 82.84…
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…
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…
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…
