Author: Currencies

ICICI Direct, The British pound rebounded off a two-week low on Wednesday as investors cast doubt on the Bank of England’s commitment to ending emergency bond buys as scheduled. October 13, 2022 / 10:15 AM IST Representative image ICICI Direct’s currency report on GBPINR The British pound rebounded off a two-week low on Wednesday as […]

ICICI Direct, The pound appreciated on Tuesday amid stronger-than-expected economic data from Britain. October 12, 2022 / 09:18 AM IST Representative image ICICI Direct’s currency report on EURINR The pound appreciated on Tuesday amid stronger-than-expected economic data from Britain. The jobless rate in the UK fell to 3.5% in the three months to August 2022, […]

ICICI Direct, The Euro depreciated yesterday amid a strong US dollar index. October 11, 2022 / 09:20 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated yesterday amid a strong US dollar index. However, a sharp rise in German 10 year’s bond yields prevented a further downside in the Euro. For […]

Representational image: Shutterstock The Indian rupee is expected to open weaker on Tuesday, as the Federal Reserve rate outlook dampened demand for risky assets and boosted the dollar. The rupee is seen around 82.40-82.45 in early trades, down from 82.32 in the previous session. On Monday, the local unit had dropped to a record low […]

ICICI Direct, The pound dropped more than 0.60% on Friday amid a strong US dollar. October 10, 2022 / 09:19 AM IST Representational image: Shutterstock ICICI Direct’s currency report on GBPINR The pound dropped more than 0.60% on Friday amid a strong US dollar. Furthermore, the pound was pressurised as concerns about the budget plan […]

Representative image. The rupee pared most of its initial losses and settled 4 paise lower at a fresh lifetime low of 82.34 (provisional) against the US dollar on Monday, weighed down by as risk-averse sentiment among investors. Moreover, a negative trend in domestic equities and a firm greenback overseas sapped investor appetite, forex traders said. […]

Prices of crude oil shot up after OPEC+ (Organization of Petroleum Exporting Countries and allies) announced on October 5 to further tighten global crude supply by slashing oil production. The intergovernmental organization cut oil supplies by nearly 2 million barrels per day to support weakening oil prices that were trading near eight-month lows until last month. […]

Representative image The Indian rupee could drop to 84-85 to the dollar by March due to rising crude oil prices, high trade deficit and depleting foreign exchange reserves, Elara Global Research said in a note Monday, when the currency hit a record low of 82.6825. “The rupee, so far, has borne the brunt of aggressive […]

Here are the top stories this afternoon: Reliance Industries aims to raise $ 1.5 billion and Jio $ 2.5 billion in foreign loans Reliance Industries Ltd (RIL) and Reliance Jio are in talks with lenders to raise up to $ 1.5 and $ 2.5 billion, respectively, in foreign loans. RIL is looking to raise the funds to […]

Representative image Large Indian lenders are reluctant to process direct rupee trade transactions with Russia months after the mechanism was put in place for fear of becoming the target of sanctions by the United States and Europe over the invasion of Ukraine, sources said. Two smaller lenders have moved to adopt the system after the […]

Representative Image The rupee weakened further to a fresh record low of 82.70 against the dollar on Monday, tracking losses in emerging markets on anticipation of aggressive tightening by the US Federal Reserve. At 9.10am, the home currency was trading at 82.70 against the dollar, down 0.47 percent from its previous close of 82.33. The INR […]

Representative image. The Indian rupee may fall beyond 83 to the dollar by the end of this month due to the overhang of high crude oil prices, a hawkish Federal Reserve, and weakening economic activity, forex traders said. The rupee weakened past the 82 mark against the dollar for the first time on October 7. “There […]

The Indian rupee on Friday (October 7) weakened past the 82 mark for the first time to hit a fresh record low against the US dollar amid a surge in crude oil and US bond yields. At close, the domestic currency settled at 82.33 a dollar, down 0.54 percent against its previous close of 81.89. […]

Representative image. The Indian rupee may fall beyond 83 to the dollar by the end of this month due to the overhang of high crude oil prices, a hawkish Federal Reserve, and weakening economic activity, forex traders said. The rupee weakened past the 82 mark against the dollar for the first time on October 7. “There […]

Singh also said that crude and commodity prices are likely to impact rupee and, in turn, the country’s balance of payments Crude prices remain critical for India as they directly affect the country’s macro parameters, said Rahul Singh, investment chief of equities at Tata Mutual Fund. “I think the critical point remains crude prices because that […]

Take a look at our specially curated package of the most interesting articles to help you stay at the top of your game. Here are the top stories this afternoon: Rupee weakens past 82 per dollar mark for the first time Indian rupee on Friday weakened past 82 mark for the first time to hit a fresh […]

ICICI Direct, The pound dropped by almost 1.40% yesterday amid strong US dollar. October 07, 2022 / 09:18 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound dropped by almost 1.40% yesterday amid strong US dollar. However, further downside was restricted by stronger than expected economic data from the Britain. UK construction […]

Indian rupee on Friday weakened past 82 mark for the first time to hit a fresh record low against the US dollar amid a surge in crude and US bond yields. At 9.30am, the home currency was trading at 82.30 a dollar, down 0.5% from its previous close of 81.89. The currency opened at 82.19 […]