Author: Currencies

ICICI Direct, The Euro traded flat on Monday despite a strong US dollar. September 20, 2022 / 10:18 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 pared its initial gains and settled 2 paise lower at 79.80 (provisional) against the US dollar on Monday, weighed down by the strength of the greenback in the overseas market. At the interbank forex market, the local unit opened at 79.70 against the greenback. It witnessed an intra-day high of 79.59 and a […]

ICICI Direct, The pound dropped more than 0.40% amid weak retail sales data from Britain. September 19, 2022 / 09:54 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound dropped more than 0.40% amid weak retail sales data from Britain. Retail sales in the UK sank 1.6% MoM in August 2022, the […]

The Directorate General of Foreign Trade (DGFT) – an arm of the commerce ministry that deals with export and import – notified the changes to the policy. Representative image The commerce ministry on September 16 amended the Foreign Trade Policy (FTP) to allow international trade invoicing, payment, and settlement in the Indian rupee, a move aimed […]

The partially convertible rupee closed down 0.1% at 79.74 per dollar, recouping some of the day’s losses when it had hit an over one-week low. Reuters September 16, 2022 / 03:57 PM IST Representative image The Indian rupee marked its worst week in five on Friday, as risk sentiment was hit by the Chinese yuan […]

ICICI Direct, Rupee future maturing on September 28 depreciated yesterday by 0.31% amid a drop in domestic equity markets. September 16, 2022 / 09:18 AM IST Representative image ICICI Direct’s currency report on USDINR Rupee future maturing on September 28 depreciated yesterday by 0.31% amid a drop in domestic equity markets. However, a sharp drop […]

ICICI Direct, The Euro appreciated on Wednesday on expectations that the European Union will raise more than $ 140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession and insolvencies. September 15, 2022 / 09:09 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro […]

Representative image. The rupee declined by 35 paise to close at 79.52 against the US currency on Wednesday as higher-than-expected US CPI print resulted in risk-off sentiment among investors. Foreign fund outflows and losses in the domestic equity markets also hit the rupee sentiment, forex traders said. At the interbank foreign exchange market, the domestic […]

ICICI Direct, The pound edged lower by 1.60% despite strong jobs data from Britain. September 14, 2022 / 09:05 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound edged lower by 1.60% despite strong jobs data from Britain. The jobless rate in the UK fell to 3.6% in the three months to […]

Representative image The rupee appreciated by 36 paise to close at 79.17 (provisional) against the US dollar on Tuesday, tracking the dollar’s decline versus its major peers and foreign fund inflows. At the interbank forex market, the local unit opened at 79.30 against the greenback. It witnessed an intraday high of 79.03 and a low […]

ICICI Direct, The pound appreciated by almost 1.00% on Monday amid a weak US dollar index and strong GDP data from the UK. September 13, 2022 / 08:55 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound appreciated by almost 1.00% on Monday amid a weak US dollar index and strong GDP […]

At the interbank forex market, the local unit opened at 79.66 against the greenback. It witnessed an intraday high of 79.47 and a low of 79.72 during the session. PTI September 12, 2022 / 04:11 PM IST Representative image. The rupee pared its initial losses and settled 2 paise higher to close at 79.55 (provisional) […]

ICICI Direct, The Euro advanced on Friday and reached its highest point amid ECB’s 75 basis point rate increase on Thursday. September 12, 2022 / 08:37 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro advanced on Friday and reached its highest point amid ECB’s 75 basis point rate increase on Thursday. […]

The decline in reserves was led by a drop in foreign currency assets to $ 492.12 billion, down from $ 498.65 billion in the prior week Representational image India’s foreign exchange reserves dropped by $ 8 billion to $ 553.11 billion as of the week ended September 2, the lowest since October 9, 2020, the […]

ICICI Direct, The pound depreciated by almost 0.40% yesterday amid a strong US dollar index. September 09, 2022 / 08:28 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound depreciated by almost 0.40% yesterday amid a strong US dollar index. However, a sharp rise in UK 10-year treasury yields prevented further downside. […]

Exporters that have shipped goods and expect to earn euros, pounds and the yen are eyeing ways to manage the currency risk as the dollar surges against its major peers Reuters September 08, 2022 / 04:22 PM IST Representational Image. Indian exporters should wait for the dollar to pullback from its recent high before hedging […]

At the interbank forex market, the local unit opened at 79.72 against the greenback. PTI September 08, 2022 / 04:29 PM IST Representative image. The rupee appreciated 23 paise to close at 79.72 (provisional) against the US dollar on Thursday amid easing crude oil prices and a firm trend in domestic equities. At the interbank […]

ICICI Direct, The Euro appreciated by almost 0.80% amid Germany’s relief package to help citizens and companies cope with soaring inflation that will amount to €13 billion ($ 12.86 billion) this year. September 08, 2022 / 08:33 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro appreciated by almost 0.80% amid Germany’s […]

The rupee is expected at around 79.70 in initial trades, up from 79.90 in the previous session. Reuters September 08, 2022 / 09:55 AM IST Representative image. The Indian rupee is tipped to open higher against the U.S. currency on Thursday, tracking a pullback in the dollar index and a decline in oil prices to […]

Representative image. India’s battered rupee will trade not far from its lifetime low against the US dollar into next year and remain vulnerable to a worsening trade balance and an aggressive U.S. Federal Reserve rate-hiking campaign, according to a Reuters poll. Sinking with other emerging currencies against a strong dollar, the rupee has hit rock-bottom […]