Author: Currencies

At the interbank foreign exchange market, the local currency opened on a positive note at 81.52, then pared all the gains to settle at an all-time low of 81.94 against the American currency, registering a decline of 32 paise over its previous close. PTI October 06, 2022 / 04:28 PM IST The rupee plunged 32 […]

ICICI Direct, The Euro appreciated on Tuesday by 1.50% after ECB policymaker Francois Villeroy de Galhau said the European Central Bank will raise interest rates. October 06, 2022 / 09:20 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro appreciated on Tuesday by 1.50% after ECB policymaker Francois Villeroy de Galhau said […]

The trend is unlikely to continue. Analysts expect the rupee to depreciate this month and likely surpass the 82.28 level amid continued strength in the dollar Index Representative image The Indian rupee strengthened against the dollar on October 4, tracking gains in global equities and currency markets. At closing, the rupee settled at 81.52 against the […]

ICICI Direct, The Euro appreciated yesterday amid weak US dollar. October 04, 2022 / 11:33 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro appreciated yesterday amid weak US dollar. However, weaker than expected manufacturing data from the Euro area restricted further upside in the euro. For all Currency report, click here Disclaimer: The […]

Besides, a stronger greenback against key rivals and persistent foreign fund outflows put pressure on the domestic currency. PTI October 03, 2022 / 04:13 PM IST Representative image The rupee fell by 49 paise to close at 81.89 (provisional) against the US dollar on Monday as heavy selling pressure in the domestic equities and a […]

Representative image. Festive fervour is at its peak and fast-moving consumer goods (FMCG) companies are expecting it to spark a revival in consumption, which has been tepid for some time. However, despite the prices of commodities such as palm oil and fuel dipping, these companies, while rolling out promotional offers and discounts, are yet to […]

At the interbank forex market, the local unit opened at 81.60 against the greenback. It witnessed an intraday high of 81.17 and a low of 81.69 during the session. PTI September 30, 2022 / 04:12 PM IST Representative image The rupee extended its initial gains and settled 37 paise higher at 81.36 against US dollar […]

RBI Another front-loaded hike of 50bps reflects policy urgency with heightened global negative externalities. Clearly, the fast-evolving world order and consistent repricing of Fed’s outsized hikes has tied Emerging Markets’ hands, including that of the Reserve Bank of India (RBI). This exposes the instability inherent in the classic central bank trilemma and trade-offs. The broad […]

Shaktikanta Das The Indian rupee has fared much better than several reserve currencies, as well as emerging market and Asian peers, Reserve Bank of India Governor Shaktikanta Das said on September 30, while reiterating that the forex reserves position remains strong. “India’s foreign exchange reserve at US$ 537.5 billion as on September 23, 2022 compares […]

ICICI Direct, The pound appreciated by about 1.40% yesterday as the US dollar fell against some currencies with investors taking comfort from the Bank of England’s purchase of long-dated bonds to stabilise the market. September 30, 2022 / 10:04 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound appreciated by about 1.40% […]

ICICI Direct, The pound rebounded by about 1.80% yesterday after the Bank of England (BoE) said it would step in to calm the turbulence in the UK government bond market. September 29, 2022 / 09:40 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound rebounded by about 1.80% yesterday after the Bank […]

The rupee plunged 37 paise to close at an all-time low of 81.90 (provisional) against the US dollar on Wednesday as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit. In the intraday trade, the rupee slipped below the 82-level for the first time against the American […]

Selling pressure by foreign investors in equity markets also dampened the sentiment in traders. FIIs sold over Rs 10,000 crore in local equities in the last one week The rupee hit a fresh all-time low of 81.93 against the US dollar in sync with losses in global equity and currency markets today. The home currency […]

ICICI Direct, The Euro depreciated on Tuesday after the European Central Bank vicepresident Luis de Guindos said one has to take into consideration the fact that there is going to be a slowdown. September 28, 2022 / 09:49 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated on Tuesday after the […]

At the interbank forex market, the local unit opened at 81.45 against the greenback. It witnessed an intraday high of 81.30 and a low of 81.64 during the session. PTI September 27, 2022 / 04:28 PM IST The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US […]

Sitharaman said that the action taken by the US Federal Reserve has an “impact on all currencies”, adding that “we have to only be sure that fluctuation is not going to be severe”. Finance Minister NIrmala Sitharaman | Illustration: Moneycontrol The interventions made by the Reserve Bank of India (RBI) are “focused more towards avoiding fluctuation […]

ICICI Direct, The Euro depreciated on Monday to a 20-year low amid weak economic data from the eurozone. September 27, 2022 / 09:34 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated on Monday to a 20-year low amid weak economic data from the eurozone. The LFO Business Climate indicator for […]

The rupee slumped to fresh record low of 81.55 to the US dollar on Monday, tracking losses in domestic as well as global equity markets. At 9.20am, the home currency was trading at 81.52 a dollar, down 0.64 percent from its previous close of 80.99. This was the eight out of nine trading sessions when the currency […]

The rupee plunged 58 paise to close at an all-time low of 81.67 (provisional) against the US dollar on Monday as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit. Moreover, escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and […]