Author: Currencies

Indian rupee ended flat in this week. It closed at 82.43 per dollar on November 4 against its October 28 closing of 82.47. Market gained over 1 percent and extended the winning streak for the third straight week ended November 4 amid volatility due to strong earnings, FII support, stability in rupee and rate hike by ECB […]

The rupee climbed to 82.44 per U.S. dollar on Friday, up from 82.88 in the previous session. The rupee received a boost from the recovery in yuan, on hopes of relief in U.S.-China tensions and Beijing easing the pandemic curbs. Reuters November 04, 2022 / 03:54 PM IST Representative image The Indian rupee rose against […]

At the interbank foreign exchange market, the local unit opened at 82.85 and finally settled at 82.41 against the American currency, registering a rise of 47 paise over its previous close amid a positive trend in domestic equities. PTI November 04, 2022 / 04:48 PM IST Representative image. The rupee appreciated by 47 paise to […]

ICICI Direct, The British pound edged lower by almost 2.00% yesterday after the Bank of England said borrowing costs were likely to go up less than markets expect and warned that the economy was heading for a longer recession even as it raised rates by the most in three decades. November 04, 2022 / 09:24 […]

The rupee ended at 82.88 per U.S. dollar, down from 82.78 in the previous session. It was a muted but choppy session, with rupee turning briefly higher by mid-morning before slipping back below 82.90. Reuters November 03, 2022 / 03:48 PM IST The Indian rupee declined versus the dollar on Thursday after the U.S. Federal […]

The RBI may also look at various domestic and global factors before deciding on a rate hike. The Reserve Bank of India (RBI) will likely increase its policy repo rate by 35-50 basis points (bps) in the upcoming monetary policy after the US Federal Reserve raised its benchmark interest rate by a three-quarter point, fund […]

The RBI may also look at various domestic and global factors before deciding on a rate hike. The Reserve Bank of India (RBI) will likely increase its policy repo rate by 35-50 basis points (bps) in the upcoming monetary policy after the US Federal Reserve raised its benchmark interest rate by a three-quarter point, fund […]

ICICI Direct, The rupee depreciated yesterday amid a strong dollar and muted domestic markets. November 03, 2022 / 09:53 AM IST Representative image ICICI Direct’s currency report on USDINR The rupee depreciated yesterday amid a strong dollar and muted domestic markets. Further, focus remained on FOMC meeting where the Fed is likely to raise interest […]

Inflation has been a challenge for packaged consumer goods makers since the onset of the COVID-19 pandemic. The rupee’s fall against the dollar is set to worsen their struggle. Representative image. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} […]

ICICI Direct, The Euro depreciated yesterday on growing concerns over stagflation. November 02, 2022 / 09:22 AM IST ICICI Direct’s currency report on EURINR The Euro depreciated yesterday on growing concerns over stagflation. However, sharp downside was cushioned as the ECB is likely to continue with its rate hike after CPI data showed inflation came […]

ICICI Direct, The Euro depreciated on Monday amid a strong dollar and as eurozone CPI data showed inflation remained hot. November 01, 2022 / 09:18 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated on Monday amid a strong dollar and as eurozone CPI data showed inflation remained hot. Europe inflation […]

The Parliamentary Standing Committee on Commerce, chaired by senior Congress leader Abhishek Manu Singhvi, met for the first time on Monday after reconstitution and deliberated on the subjects that need to be taken up for discussion, they said. PTI November 01, 2022 / 09:31 AM IST A parliamentary panel has decided to discuss the implications […]

(Representative image) The rupee pared its initial gains and settled 34 paise lower at 82.81 against the US dollar on Monday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 82.35 and witnessed a high of 82.32 and a low of 82.82. […]

ICICI Direct, Rupee future maturing on November 28 traded flat on Friday despite an uptick in domestic equity markets. October 31, 2022 / 10:26 AM IST Representational image: Shutterstock ICICI Direct’s currency report on USDINR Rupee future maturing on November 28 traded flat on Friday despite an uptick in domestic equity markets. Further, a drop […]

Representative image The Reserve Bank of India is expected to continue to intervene in the forex markets as the depletion of foreign exchange reserves is not a major concern at the moment, experts have said. India’s forex reserves dropped by more than $ 100 billion in the past year as the RBI intervened in the […]

At the interbank foreign exchange market, the local currency opened at 82.15 and witnessed a high of 82.14 and a low of 82.51. PTI October 27, 2022 / 04:26 PM IST While there are other reserve currencies as well, the dollar’s share in global trade is over two thirds of the pie. (Representative image) The […]

ICICI Direct, The British pound hit its highest level since mid-September on Tuesday, as investor gloom over Britain’s economic outlook was temporarily offset by a glimmer of optimism over Rishi Sunak taking over as Prime Minister. October 27, 2022 / 09:51 AM IST Representative image ICICI Direct’s currency report on GBPINR The British pound hit […]