Author: Currencies

In the previous session on Friday, the rupee had slipped 9 paise to close at 82.88 against the dollar. PTI October 25, 2022 / 04:13 PM IST Representative image The rupee appreciated 7 paise to close at 82.81 (provisional) against the US dollar on Tuesday, as easing crude oil prices buoyed investor sentiments. At the […]

ICICI Direct, The British pound slipped on Monday amid weaker than expected economic data from Britain. October 25, 2022 / 09:26 AM IST Representative image ICICI Direct’s currency report on GBPINR The British pound slipped on Monday amid weaker than expected economic data from Britain. UK services PMI fell to 47.5 in October 2022, well […]

Sberbank and VTB Bank — the largest and second largest banks of Russia — are the first foreign lenders to receive this approval after the RBI announced the guidelines on overseas trade in rupee in July. PTI October 23, 2022 / 12:10 PM IST Representative image Two Russian banks have opened a special vostro account […]

At the interbank foreign exchange market, the local currency opened at 82.89 and witnessed a high of 82.59 and a low of 82.91. PTI October 21, 2022 / 10:06 PM IST Representative image. The rupee slipped 9 paise to close at 82.88 against the US dollar on Friday amid a strong greenback overseas. At the […]

ICICI Direct, The Euro edged higher on Thursday amid a weak US dollar. Furthermore, stronger than expected economic data from the euro area supported the Euro. October 21, 2022 / 10:13 AM IST (Representational image) ICICI Direct’s currency report on EURINR The Euro edged higher on Thursday amid a weak US dollar. Furthermore, stronger than […]

The rupee slipped to a record low of 83.2150 on Thursday. It is likely to fall further to 84.50 by December, according to the mean and median forecasts of a poll of 14 bankers and foreign exchange advisors. Reuters October 20, 2022 / 12:35 PM IST Representative image. The Indian rupee will fall further against […]

The rupee is down over 2% in October. The 10 year bond yield hit a fresh four month high of 7.51% — a level last seen on 17 June. Indian rupee on Thursday opened marginally lower to hit a fresh record low against the US dollar tracking losses in emerging Asian currencies as increasing speculation […]

ICICI Direct, The British pound fell on Wednesday after data showed surging food prices pushed British inflation into double digits last month and fears of a deeper recession in Britain rose expectations of a less aggressive interest rate hike by the Bank of England (BoE) in November. October 20, 2022 / 09:42 AM IST Kesoram’s […]

The Indian rupee plunged below 83 against the dollar on October 19 for the first time and closed at a new low, tracking losses in emerging currencies market. The rupee opened at 82.33 to a dollar but slipped to an all time low of 83.01 intraday. It ended the day at 82.99, down 0.76 percent […]

ICICI Direct, Rupee future maturing on October 27 traded flat yesterday after touching 82.09 despite a sharp rise in domestic equity markets. October 19, 2022 / 09:32 AM IST Representational image: Shutterstock ICICI Direct’s currency report on USDINR Rupee future maturing on October 27 traded flat yesterday after touching 82.09 despite a sharp rise in […]

ICICI Direct, The British pound rallied on Monday as new Finance Minister Jeremy Hunt reversed much of Prime Minister Liz Truss’s economic growth plan and said the tax changes. October 18, 2022 / 10:18 AM IST Kesoram’s net operating margin in Q2 FY23 came in at 7.5 percent (Representative image) ICICI Direct’s currency report on […]

Historically, Russia had been the largest importer among the CIS block countries with the country lifting 18.55 million kilogrammes in the first seven months of 2022, but the present armed conflict between Russia and Ukraine had taken its toll on tea export volumes as ocean freight had increased and also due to lack of shipping […]

However, a rally in the domestic equities and a weak greenback overseas restricted the rupee’s fall, traders said. PTI October 17, 2022 / 04:13 PM IST Representative image. The rupee depreciated by 11 paise to close at 82.30 (provisional) against the US dollar on Monday as risk-off sentiment among investors and sustained foreign capital outflows […]

ICICI Direct, The Euro depreciated on Friday amid rise in US dollar index. October 17, 2022 / 09:59 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated on Friday amid rise in US dollar index. However, sharp downside was prevented as the Dutch government on Friday said it will spend up […]

FM Nirmala Sitharaman (Image: ANI) Opposition parties on Sunday slammed Finance Minister Nirmala Sitharaman’s remark that rupee has not weakened but it is the dollar that has strengthened, saying she cannot hide the failure of her government in handling the economy. The ruling BJP defended the finance minister’s statement, noting that the dollar has appreciated […]

Finance Minister NIrmala Sitharaman | Illustration: Moneycontrol Finance Minister Nirmala Sitharaman has said that the rupee has not weakened, but it is the dollar that has strengthened, as she defended the 8 per cent slide in the value of the Indian currency against the greenback this year. Speaking to reporters after attending the annual meetings […]

ICICI Direct, The British pound surged almost 2% to a one-week high after reports of a possible U-turn by the UK government on its fiscal plans. October 14, 2022 / 09:44 AM IST Representative image ICICI Direct’s currency report on GBPINR The British pound surged almost 2% to a one-week high after reports of a […]