On Friday, the Indian rupee is anticipated to trade range-bound due to caution in the equities markets and the strength of the US dollar. The USDINR pair is predicted by analysts to trade sideways today and quote between 80.50 and 81.5. The US jobless claims, housing starts, construction permits, and Philadelphia Fed Manufacturing Index data…
The Indian rupee lost 66 paise to 81.57 against the U.S. dollar in early trade, following the American dollar’s rise in the international market and a flat domestic equity market. On the strength of encouraging domestic macroeconomic data and falling crude oil prices, the rupee strengthened versus the U.S.dollar in the previous session. The local…
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…
As central banks from India to the Czech Republic intervene to defend their currencies, global foreign-currency reserves are plummeting at the quickest rate on record. This year, reserves have fallen by almost $1 trillion, or 7.8%, to $12 trillion, the largest loss since Bloomberg began compiling data in 2003. Part of the slump can be…
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…
