Author: Currencies

At the interbank foreign exchange market, the domestic currency opened at 79.93 per dollar. It hovered in a range of 79.84 to 79.94 during the session. PTI September 07, 2022 / 04:13 PM IST Representative image The rupee declined by 7 paise to close at 79.89 (provisional) against the US dollar on Wednesday tracking a […]

ICICI Direct, The Euro depreciated yesterday amid weak economic data from the Euro area. September 07, 2022 / 08:39 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro sank below $ 0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main pipeline to Europe heightened […]

Representative image. India’s battered rupee will trade not far from its lifetime low against the U.S. 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 […]

Representative image The rupee depreciated 4 paise to close at 79.82 against the US dollar on Tuesday as a stronger US dollar against key rivals and a lacklustre trend in domestic equities weighed on sentiment. However, fresh foreign fund inflows into capital markets and a sharp correction in crude oil prices restricted the rupee’s decline, […]

The meeting, to be chaired by financial services secretary Sanjay Malhotra, is expected to see attendance from representatives of the Reserve Bank of India, IBA and industry bodies. PTI September 06, 2022 / 08:55 PM IST Finance Minister Nirmala Sitharaman. The finance ministry will on Wednesday hold a meeting with all stakeholders, including banks and […]

Mumbai, Sep 6 The rupee declined by 2 paise to close at 79.80 (provisional) against the US dollar on Tuesday amid a lacklustre trend in domestic eq.. PTI September 06, 2022 / 04:30 PM IST The rupee declined by 2 paise to close at 79.80 (provisional) against the US dollar on Tuesday amid a lacklustre […]

Representative image The Indian central bank aims to anchor expectations around the depreciating rupee and will intervene to prevent an overshoot, ensuring the exchange rate reflects fundamentals, Reserve Bank of India Governor Shaktikanta Das said on Monday. The partially convertible rupee has so far depreciated more than 7% against the U.S. dollar, but Das said […]

ICICI Direct, The Euro sank below $ 0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. September 06, 2022 / 08:40 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro sank […]

Representative image The Indian central bank aims to anchor expectations around the depreciating rupee and will intervene to prevent an overshoot, ensuring the exchange rate reflects fundamentals, Reserve Bank of India Governor Shaktikanta Das said on Monday. The partially convertible rupee has so far depreciated more than 7% against the U.S. dollar, but Das said […]

ICICI Direct, The pound edged lower against the dollar to its lowest level since March 2020 amid strong US dollar and fuelled by concerns about slowing growth in the British economy as inflation soared into double digits. September 05, 2022 / 08:38 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound edged […]

A marginal contraction in exports coupled with a continuing surge in the country’s import bill through the month of August has renewed concerns over India’s widening trade deficit and its impact on the broader economy. The rupee, which has already depreciated 7 per cent against the US dollar through this calendar year, will likely remain […]

ICICI Direct, The pound edged lower on Tuesday and was set for its biggest monthly fall against the single currency in 16 months as the energy crisis renewed recession fears in Britain. September 02, 2022 / 09:50 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound edged lower on Tuesday and was […]

ICICI Direct, The pound edged lower against the dollar yesterday to its lowest level since March 2020 as storm clouds gathered over the British economy and investors sought safety in the US currency. September 02, 2022 / 09:47 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound edged lower against the dollar […]

ICICI Direct, The pound edged lower on Tuesday and was set for its biggest monthly fall against the single currency in 16 months as the energy crisis renewed recession fears in Britain. September 01, 2022 / 09:45 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound edged lower on Tuesday and was […]

At the interbank foreign exchange market, the rupee opened at 79.55 against the greenback, then fell further to 79.66, registering a decline of 14 paise over its last close. The rupee depreciated by 14 paise to 79.66 against the US dollar in opening trade on Thursday, tracking the strength of the American currency overseas. At […]

ICICI Direct, The Euro appreciated by 0.30% as European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in the bank’s inflation fighting credentials. August 30, 2022 / 08:50 AM IST Representative image ICICI Direct’s currency […]

ICICI Direct, The Euro depreciated on Friday amid weak economic data from the euro area. August 29, 2022 / 09:06 AM IST ICICI Direct’s currency report on EURINR The Euro depreciated on Friday amid weak economic data from the euro area. The GfK Consumer Climate Indicator in Germany fell to a new record low of […]

The rupee closed at 79.9625 per U.S. dollar, down from 79.8650 in the previous session. Reuters August 29, 2022 / 04:16 PM IST Representative image. The Indian rupee dropped to an all-time low versus the dollar on Monday on bets the Federal Reserve will keep a restrictive stance for longer, prompting the Reserve Bank of […]