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…
The recovery in local markets helped the rupee trim its initial losses and end the day unchanged at 82.54 (provisional) vs the US dollar. The local currency started the day at 82.59 versus the dollar on the interbank foreign exchange market and fluctuated during the day between a low of 82.66 and a high of…
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…
On Monday, the rupee opened about 60 paise down at 82.41 per dollar as the dollar’s value increased versus a basket of six peers and against international crude oil benchmarks. At the interbank foreign exchange, the local unit started out weakly versus the dollar at 82.35 before dropping to 82.50 and losing 42 paise from…
On Tuesday, the Indian rupee depreciated against the dollar, opening at 81.59 against the previous close of 81.50. The local currency is probably going to lose value today due to a strong dollar and further FII withdrawals. Investors will also pay special attention to important US macroeconomic data, such as the CB consumer confidence index,…
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…
Early on Wednesday, the rupee lost 13 paise to reach 81.82 against the U.S. dollar as investor sentiment was dampened by the strengthening of the US dollar and high crude oil prices. At the interbank foreign exchange, the local unit started out weakly versus the dollar at 81.80, then dropped to 81.82, losing 13 paise…
The assumption that the US Federal Reserve may be more cautious in raising interest rates, the decline in the price of crude oil, and banks selling dollars on behalf of exporters and foreign portfolio investors all helped the Rupee close at a five-week high on Tuesday. The Indian rupee (INR) increased 58 Paise from the…
The rupee fluctuated between 82.90 and 82.45 during this week of consolidation. After a lacklustre December month, last week was tumultuous as we witnessed a fall and recovery in the spot USDINR. Since other EM currencies began to gain strength versus the dollar, now is the ideal opportunity to go short in the pair as…
In comparison to the previous finish of 82.80 per dollar, the Indian Rupee started the day slightly higher at 82.77 per dollar. On Thursday, the local currency is anticipated to strengthen due to a weaker dollar and falling crude oil prices. Furthermore, the currency pair may be supported by upbeat mood on the world market….
