Author: Currencies

If offshore NDF rates for the dollar/rupee pair are to be believed, the Indian currency is expected to weaken closer to 79 to its US counterpart in three months. What’s more is that the rupee could touch a low of 80 per dollar in a year’s time The rupee has depreciated 5 percent so far […]

ICICI Direct, The dollar gained 0.63% on Monday supported by fears of a global economic slowdown and bets on steep interest rate hikes by the US Federal Reserve. June 14, 2022 / 09:24 AM IST Representative image ICICI Direct’s currency report on USDINR The dollar gained 0.63% on Monday supported by fears of a global […]

ICICI Direct, The Euro depreciated by 0.91% on Friday amid weak economic growth and strong dollar. June 13, 2022 / 09:28 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated by 0.91% on Friday amid weak economic growth and strong dollar. However, further downside was prevented on higher Spanish CPI data. […]

Forex traders said weak Asian currencies, a lacklustre trend in domestic equities and persistent foreign capital outflows weighed on investor sentiments. The rupee slipped 36 paise to its all-time low of 78.29 against the US dollar in early trade on Monday, tracking the strength of the American currency overseas as investors flocked to the safe-haven […]

FII’s sold $ 23.87 billion in domestic equities so far this year amid higher crude that continues to stock worries about higher inflation and fiscal deficit. The Indian rupee on Monday weakened beyond the 78 mark for the first time to hit a fresh record low against the US dollar, tracing losses in global equities […]

India’s exchange rate has been hammered for the better part of this year and the rupee has been sinking to new lows. At roughly 78.20 to a dollar on June 13, another record low, the currency is 5 percent down since January. The root cause of the rupee’s distress can be found in elevated oil […]

Persistent foreign capital outflows, elevated global crude oil prices and risk-averse sentiments also impacted the domestic unit, forex traders said. PTI June 10, 2022 / 04:15 PM IST The rupee tumbled 11 paise to close at a fresh lifetime low of 77.85 (provisional) against the US dollar on Friday as a sell-off in domestic equities […]

ICICI Direct, The Euro depreciated by 0.90% on Thursday after ECB downgraded its growth forecasts. June 10, 2022 / 10:26 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated by 0.90% on Thursday after ECB downgraded its growth forecasts. Growth forecasts were revised down significantly to 2.8% in 2022 and 2.1% […]

At the interbank foreign exchange, the rupee opened on a weak note at 77.81 against the American dollar, then lost ground to quote at 77.82 — its all-time low level, registering a fall of 8 paise from the last close. The rupee depreciated 8 paise to a record low of 77.82 against the US dollar […]

At the interbank foreign exchange, the rupee opened at 77.74 against the American dollar, then lost ground to quote at 77.78, registering a fall of 10 paise from the last close. The rupee slipped 10 paise to 77.78 against the US dollar in early trade on Thursday, as elevated crude oil prices and persistent foreign […]

At the interbank foreign exchange market, the rupee opened lower at 77.74 against the greenback and finally settled at 77.76, down 8 paise over its previous close. PTI June 09, 2022 / 04:19 PM IST The rupee depreciated by 8 paise to close at 77.76 (provisional) against the US dollar on Thursday, weighed down by […]

Gold prices in the national capital on Thursday gained by Rs 133 to Rs 50,907 per 10 grams, supported by rupee depreciation, according to HDFC Securities. PTI June 09, 2022 / 04:59 PM IST In the previous trade, the yellow metal settled at Rs 50,774 per 10 grams. Gold prices in the national capital on […]

The partially convertible rupee was trading at 77.78/79 per dollar after touching a record low of 77.81. The previous life low of 77.7975 was touched on May 17. Reuters June 09, 2022 / 12:23 PM IST The Indian rupee hit a record low against the U.S. dollar on Thursday as the relentless surge in global […]

Indian rupee on Friday hit a fresh record low against the dollar as foreign institutional investors (FIIs) continued selling in local equity markets. The currency opened at 77.75 and touched a fresh record low of 77.8075 a dollar. At 12.32pm, the domestic currency was trading at 77.80 a dollar, down 0.08% from its previous close. […]

ICICI Direct, The pound depreciated by 0.46% on Wednesday amid weak economic data. UK Construction PMI fell to a four-month low of 56.4 in May from 58.2 in the prior month. June 09, 2022 / 09:43 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound depreciated by 0.46% on Wednesday amid weak […]

ICICI Direct, The euro appreciated by 0.04% on Tuesday amid retreat in dollar. However, sharp upside was capped by weak German factory orders data. June 08, 2022 / 09:15 AM IST Representative image ICICI Direct’s currency report on EURINR The euro appreciated by 0.04% on Tuesday amid retreat in dollar. However, sharp upside was capped […]