Author: Currencies

The reserves has been declining amid continuing volatility in the rupee which has also significantly depreciated against the US dollar. PTI July 29, 2022 / 07:31 PM IST Representative image. India’s foreign exchange reserves declined $ 1.152 billion to $ 571.56 billion for the week ended July 22, according to RBI data. The reserves has […]

Representative image The Indian rupee posted its biggest single-day gain in nearly a year on Friday, aided by a sharp reversal in the dollar, while bond yields touched their lowest in 2-1/2 months tracking falls in their U.S. counterparts. U.S. Treasury yields fell overnight after data showed the economy contracted again in the second quarter, […]

ICICI Direct, US dollar slipped yesterday amid decline in US treasury yields. July 29, 2022 / 09:11 AM IST (Image: Photographer: Brent Lewin/Bloomberg) ICICI Direct’s currency report on USDINR US dollar slipped yesterday amid decline in US treasury yields. Yields fell after data showed US economy contracted again in second quarter fuelling speculation that Federal […]

ICICI Direct, Euro edged higher by 0.74% on Wednesday amid weak US dollar and rise in risk appetite in the global market. July 28, 2022 / 09:13 AM IST Representative image ICICI Direct’s currency report on EURINR Euro edged higher by 0.74% on Wednesday amid weak US dollar and rise in risk appetite in the […]

However, higher oil prices, month-end importer demand and global recession fears could restrict the gains for the local unit, forex traders said. The rupee appreciated 14 paise to 79.77 against the US dollar in early trade on Thursday tracking the overnight weakness of the American currency. However, higher oil prices, month-end importer demand and global […]

ICICI Direct, US dollar slipped yesterday amid rise in risk appetite in the global markets. July 26, 2022 / 09:11 AM IST Representative image ICICI Direct’s currency report on USDINR US dollar slipped yesterday amid rise in risk appetite in the global markets. Further, investors are awaiting Federal Reserve’s latest policy, where central is widely […]

At the interbank foreign exchange, the rupee opened at 79.73 against the dollar and moved in a narrow range. It touched an early low of 79.79 in initial deals. (Image: Photographer: Brent Lewin/Bloomberg) The rupee witnessed a range-bound trading in early trade on Tuesday as firming crude oil prices and concerns about hawkish US Fed […]

Global factors — such as the Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions — are the major reasons for the weakening of the Indian Rupee against the US Dollar. PTI July 26, 2022 / 06:53 PM IST (Image: Photographer: Brent Lewin/Bloomberg) The Indian rupee has strengthened against the British Pound […]

ICICI Direct, Euro depreciated by 0.92% yesterday amid strong dollar and risk aversion in the global markets. July 27, 2022 / 09:07 AM IST (Image: Photographer: Brent Lewin/Bloomberg) ICICI Direct’s currency report on EURINR Euro depreciated by 0.92% yesterday amid strong dollar and risk aversion in the global markets. Additionally, energy supply concerns weighed on […]

At the interbank foreign exchange, the rupee opened at 79.83 against the US dollar, then fell to 79.88 against the greenback, registering a decline of 10 paise over the last close. The rupee depreciated 10 paise to 79.88 against the US dollar in opening trade on Wednesday tracking the strength of the greenback in the […]

Representative image The rupee declined 13 paise to close at 79.91 (provisional) against the US dollar on Wednesday, weighed down by the overall strength in the greenback and expectations of an aggressive rate hike by the US Federal Reserve. At the interbank foreign exchange market, the local currency opened at 79.83 and finally ended at […]

Prabhudas Lilladher is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 1740 in its research report dated July 06, 2022. Broker Research July 07, 2022 / 04:18 PM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ […]

The Indian rupee has recovered some ground against the dollar in the past few sessions after depreciating for most of July. The reason – steps taken by the Reserve Bank of India (RBI) and the inability of the dollar index to sustain at higher levels, experts and economists said. However, the respite for the rupee […]

(Representative Image) India’s ballooning trade gap and capital outflows are raising new risks for the rupee, just as the currency’s plunge to a record low adds to inflation woes. “India’s external balances are deteriorating,” economists at Goldman Sachs Group Inc. wrote in a note Thursday, citing the terms-of-trade shock from higher commodities prices and weakening […]

ICICI Direct, The pound depreciated by 0.54% on Wednesday amid dovish comments by a new policymaker. June 30, 2022 / 08:36 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound depreciated by 0.54% on Wednesday amid dovish comments by a new policymaker. Swati Dhingra, who is due to join the BoE in […]

In May, the employee was paid Rs 1.42 crore (165,398,851 Chilean pesos) instead of his salary of Rs 43,000 (500,000 pesos). (Representative Image) The rupee touched a record low, sliding near 79 to a dollar, on June 29 as foreign investors continued selling local equities and crude oil prices rose. Experts say the sharp fall […]

A pedestrian walks past a currency exchange shop in Mumbai, India, on Thursday, June 28, 2018. The Indian rupee slumped to an all-time low as a resurgence in crude prices and the emerging-market selloff took a toll on the currency of the world’s third-biggest oil consumer. Photographer: Dhiraj Singh/Bloomberg Traders in India’s foreign-exchange market are […]

(Representative Image) The rupee touched a record low against the US dollar on June 28 as foreign investors continued selling local equities and crude oil prices rose. Experts say the sharp fall of the rupee can be attributed to the strength of the greenback and lower forward premiums, among others. Moneycontrol explains the reasons for […]

ICICI Direct, The Euro edged higher by 0.24% on Monday amid expectations that the European Central Bank will soon raise interest rates for the first time in more than a decade. June 28, 2022 / 08:44 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro edged higher by 0.24% on Monday amid […]