Author: Currencies

ICICI Direct, The pound declined 0.38% on Wednesday as data showed inflation climbed to its highest level in more than four decades in July, putting pressure on the Bank of England to bring down prices but increasing the risk of a sharper economic slowdown. August 18, 2022 / 08:31 AM IST Representative image ICICI Direct’s […]

At the interbank foreign exchange, the rupee opened at 79.60 against the US dollar, then fell to 79.68, registering a decline of 23 paise over the last close. The rupee depreciated 23 paise to 79.68 against the US dollar in opening trade on Thursday, tracking the strength of the American currency in the overseas market […]

At the interbank forex market, the local unit opened strong at 79.32 against the greenback and witnessed an intra-day high of 79.26 and a low of 79.48. PTI August 17, 2022 / 04:07 PM IST Representative image The rupee gained 29 paise to settle at 79.45 (provisional) against the US dollar on Wednesday as heavy […]

Besides, a positive opening in the domestic equities amid moderating inflationary pressures boosted investor sentiments, according to forex dealers. The rupee appreciated 44 paise to 79.30 against the US dollar in the opening trade on Wednesday, mainly on account of foreign fund inflows. Besides, a positive opening in the domestic equities amid moderating inflationary pressures […]

Brent crude futures fell $ 2.76, or 2.9%, to settle at $ 92.34 a barrel. The contract hit a session low of $ 91.71 per barrel, the lowest since February 18 Indian rupee and bond prices hit a two-week high on Wednesday after crude oil skid to six-month low, fueling expectations of easing inflation. At 9.30am, […]

ICICI Direct, The pound declined 0.54% on Friday amid weak macroeconomic data from Britain. August 17, 2022 / 08:53 AM IST ICICI Direct’s currency report on GBPINR The pound declined 0.54% on Friday amid weak macroeconomic data from Britain. The British economy contracted 0.1% on quarter in the three months to June 2022, marking the […]

ICICI Direct, The Euro appreciated by 0.10% on Monday mainly on the back of a weak US dollar. August 10, 2022 / 08:30 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro appreciated by 0.10% on Monday mainly on the back of a weak US dollar. Further, the Euro was supported as […]

Forex traders said sideways USD/INR trades are likely ahead of crucial US inflation data. The rupee appreciated by 11 paise to 79.52 against the US dollar in opening trade on Wednesday, tracking easing crude oil prices and foreign fund inflows. Forex traders said sideways USD/INR trades are likely ahead of crucial US inflation data. At […]

ICICI Direct, The pound edged higher by 1.11% on Wednesday amid weak US dollar. August 11, 2022 / 08:27 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound edged higher by 1.11% on Wednesday amid weak US dollar. However, further upside was restricted after reports showed British consumer energy debt is already […]

Representative image Indian rupee on Thursday opened higher against the US dollar tracking gains in its Asian peers on optimism over a slower pace of US rate hikes. Traders are now cautious ahead of consumer price inflation data on Friday. The home currency opened at 79.24 a dollar and touched a high and a low […]

At the interbank foreign exchange market, the local currency opened at 79.22 and saw an intra-day high of 79.22 and a low of 79.69 against the American currency PTI August 11, 2022 / 04:34 PM IST The rupee depreciated by 36 paise to close at 79.61 (provisional) against the US dollar on Thursday amid rising […]

ICICI Direct, The Euro appreciated by 0.21% on Thursday mainly on the back of a weak US dollar. August 12, 2022 / 08:37 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro appreciated by 0.21% on Thursday mainly on the back of a weak US dollar. Further, the Euro was supported by […]

At the interbank foreign exchange, the rupee opened at 79.67 against the US dollar and lost further ground to 79.71, registering a decline of 9 paise over the last close. The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the […]

At the interbank foreign exchange market, the local currency opened at 79.67 and saw an intraday high of 79.63 and a low of 79.72 against the American currency. PTI August 12, 2022 / 04:24 PM IST Representative image The rupee depreciated 4 paise to close at 79.66 (provisional) against the US dollar on Friday, tracking […]