Author: Currencies

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 […]

The rupee on Monday dropped to a record low of 81.5775 as the dollar index raced to its highest level since May 2002 and the British pound tumbled. Reuters September 26, 2022 / 11:24 AM IST The Indian rupee could decline to 82.50 against the dollar by March, driven by the greenback’s surge and the […]

ICICI Direct, The Euro depreciated by 1.40% on Friday amid weak economic data from the eurozone. Broker Research September 26, 2022 / 09:38 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated by 1.40% on Friday amid weak economic data from the eurozone. Eurozone Services PMI fell to 48.9 in September […]

Against the backdrop of the rupee dropping to a lifetime low against the greenback, the Reserve Bank and the finance ministry are keeping a very close watch on the situation PTI September 24, 2022 / 08:11 PM IST Finance Minister NIrmala Sitharaman | Illustration: Moneycontrol Finance Minister Nirmala Sitharaman on Saturday said the rupee has […]

ICICI Direct, The Euro traded flat yesterday despite a rise in Germany 10 year’s bond yields. September 23, 2022 / 10:45 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro traded flat yesterday despite a rise in Germany 10 year’s bond yields. Further, sharp downside was prevented as the German government is […]

Indian rupee on Friday weakened past 81 mark to a fresh record low against US dollar for the first time while 10-year bond yield jumped 6 basis points to hit over two-month high on the back of surge in US treasury yields. The home currency opened at 81.03 a dollar and touched an all-time low […]

The rupee plunged by 83 paise — its biggest single-day loss in nearly seven months — to close at an all-time low of 80.79 against the US dollar on Thursday after the US Federal Reserve’s interest rate hike and its hawkish stance weighed on investor sentiments. PTI September 22, 2022 / 09:50 PM IST Congress […]

Representative image. The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve’s interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed’s rate hike and escalation of geopolitical risk in Ukraine sapped risk […]

Indian rupee on Thursday hit a fresh record low against US dollar tracking losses in its Asian peers following the Federal Reserve’s hawkish decision. The currency opened at 80.29 and touched a fresh all time low of 80.35 a dollar. At 9.10am, the home currency was trading at 80.35 a dollar, down 0.48% from its previous […]

The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation. The rupee opened at a record low of 80.2850 per U.S. dollar, down from 79.9750 in the previous session. The Fed raised rates […]

The comments come against the backdrop of aggressive rate hikes from the U.S. Federal Reserve, which raised rates by 75 basis points overnight, vowing to battle to beat down inflation. Reuters September 22, 2022 / 09:57 AM IST Representative image The Indian government is not averse to a weaker rupee in line with global market […]

ICICI Direct, The pound dropped yesterday to levels last seen in March 1985 amid a sharp rise in the US dollar. September 22, 2022 / 09:22 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound dropped yesterday to levels last seen in March 1985 amid a sharp rise in the US dollar. […]

Representative image. The rupee declined by 22 paise to close at 79.96 against the US dollar on Wednesday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities. Forex traders said investors are awaiting the US Fed’s policy decision on interest rates for further cues. Moreover, risk-off […]

ICICI Direct, The Euro traded flat on Monday despite a strong US dollar. September 21, 2022 / 09:49 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro traded flat on Monday despite a strong US dollar. Further, sharp downside was prevented after ECB Vice President Luis de Guindos said the exact number […]

The rupee consolidated in a narrow range and settled 7 paise higher at 79.74 against the US dollar on Tuesday, snapping its four-session falling streak as investors await the US Fed’s policy statement for further cues. At the interbank forex market, the local unit opened at 79.70 against the greenback. It witnessed an intra-day high […]

At the interbank forex market, the local unit opened at 79.70 against the greenback. It witnessed an intraday high of 79.58 and a low of 79.77 during the session. PTI September 20, 2022 / 04:11 PM IST Representative image The rupee consolidated in a narrow range and settled 7 paise higher at 79.74 (provisional) against […]