Author: Currencies

Representative image The 10 year bond yield rose six basis points as prices fell and rupee weakened 0.2 percent against the dollar after the government cut tax on fuel to curb inflation raising fiscal slippage pressure. A report suggesting the government plans to borrow Rs 1 trillion (lakh crore) extra to offset the fiscal impact from the […]

However, unabated foreign fund outflows and surging crude prices in the international markets restricted the rupee’s gain, forex dealers said. The rupee appreciated 4 paise to 77.66 against the US dollar in the opening trade on Monday as a positive trend in domestic equities and weak American currency overseas supported the local unit. However, unabated […]

The rupee finally ended at 77.53, higher by 3 paise over its previous close of 77.56. According to Dilip Parmar, Research Analyst, HDFC Securities, the lack of dollar demand and rebound in domestic equities augur well for the rupee. PTI May 20, 2022 / 04:45 PM IST Representative image The rupee inched 3 paise higher […]

At the interbank foreign exchange, the rupee opened at 77.51 against the American dollar, then gained further ground to quote at 77.49, registering a rise of 7 paise from the last close. PTI May 20, 2022 / 10:13 AM IST Representative image The rupee appreciated 7 paise to 77.49 against the US dollar in opening […]

At the interbank foreign exchange market, the rupee opened lower at 77.72 against the greenback, and finally settled for the day at 77.72, down 10 paise over its previous close. PTI May 19, 2022 / 04:05 PM IST Representative image The rupee extended its losses and slumped 10 paise to close at a record low […]

ICICI Direct, The pound dipped yesterday amid strong dollar and weak economic data. May 19, 2022 / 08:59 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound dipped yesterday amid strong dollar and weak economic data. Further, weak global risk sentiments and expectations for a more aggressive policy tightening by the US […]

Mumbai, May 18 The rupee on Wednesday declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amid unabated foreign .. PTI May 18, 2022 / 04:56 PM IST Representative image The rupee on Wednesday declined by 16 paise to close at its fresh lifetime low of 77.60 […]

ICICI Direct, The dollar eased for a third straight day by 0.86% yesterday amid uptick in investors’ appetite for riskier assets. May 18, 2022 / 09:48 AM IST Representative image ICICI Direct’s currency report on USDINR The dollar eased for a third straight day by 0.86% yesterday amid uptick in investors’ appetite for riskier assets. […]

Representative image The rupee depreciated 6 paise to 77.50 against the US dollar in the opening trade on Wednesday as a surging American currency in the overseas markets and persistent foreign fund outflows weighed on investor sentiment. Besides, rising global crude prices impacted the domestic unit, forex traders said. However, a higher opening in the […]

ICICI Direct, The Euro appreciated by 0.27% yesterday amid weakness in dollar and rise in risk appetite in domestic markets. May 17, 2022 / 08:38 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro appreciated by 0.27% yesterday amid weakness in dollar and rise in risk appetite in domestic markets. Further, the […]

The partially convertible rupee was trading at 77.73/74 to the dollar by 0358 GMT, versus Friday’s close of 77.45. The 1-month non-deliverable forward was trading at 77.96/97 to the dollar. Representative image The Indian rupee weakened on Tuesday, to touch a record low of 77.73 versus the dollar, tracking broad gains in the U.S. currency […]

At the interbank foreign exchange, the rupee opened weak at 77.67 against the American dollar, then lost further ground to quote at 77.69, registering a fall of 14 paise from the last close. The rupee depreciated 14 paise to 77.69 against the US dollar in the opening trade on Tuesday tracking persistent foreign fund outflows […]

ICICI Direct, Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets. May 13, 2022 / 10:30 AM IST Representative image ICICI Direct’s currency report on EURINR Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets. Further, euro slipped on concern about lingering stagflation […]

ICICI Direct, Pound depreciated by 0.59% yesterday amid strong dollar and as Bank of England signalled slowdown in its interest rate hiking cycle. May 12, 2022 / 09:16 AM IST Representative image ICICI Direct’s currency report on GBPINR Pound depreciated by 0.59% yesterday amid strong dollar and as Bank of England signalled slowdown in its […]