Author: Currencies

A weak trend in domestic equities, surging crude oil prices and unabated foreign fund outflows capped the appreciation bias of the rupee, forex dealers said. The rupee strengthened by 9 paise to 77.69 against the US dollar in opening trade on Wednesday, ahead of the Reserve Bank of India’s monetary policy decision. A weak trend […]

In addition, investors remained concerned over rising crude prices and sustained foreign capital outflows, forex dealers said. The rupee depreciated 5 paise to 77.71 against the US dollar in opening trade on Tuesday, as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. In addition, investors […]

ICICI Direct, The Euro depreciated by 0.23% on Monday amid strong dollar. June 07, 2022 / 08:48 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated by 0.23% on Monday amid strong dollar. However, sharp downside was cushioned as France’s finance minister said on Sunday, that despite the war in Ukraine […]

ICICI Direct, The Euro depreciated on Friday amid strong dollar and weak economic data. June 06, 2022 / 09:14 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated on Friday amid strong dollar and weak economic data. Eurozone Services PMI was revised lower to 56.1 in May from a preliminary estimate […]

However, muted domestic equities, elevated crude oil prices and persistent foreign fund outflows restricted the rupee’s rise, forex traders said. The rupee appreciated 4 paise to 77.62 against the US dollar in opening trade on Monday, supported by a weak American currency in the overseas markets. However, muted domestic equities, elevated crude oil prices and […]

At the interbank foreign exchange, the rupee opened at 77.47 against the American dollar, registering a rise of 13 paise from the last close. The rupee appreciated 13 paise to 77.47 against the US dollar in opening trade on Friday, supported by a fall in the dollar index and positive domestic equities. At the interbank […]

At the interbank foreign exchange market, the rupee consolidated in a narrow range. PTI June 02, 2022 / 04:02 PM IST The rupee depreciated by 10 paise to close at 77.60 (provisional) against the US dollar on Thursday, even as oil prices eased and domestic equities settled on a positive note. At the interbank foreign […]

ICICI Direct, The pound edged lower by 0.80% on Wednesday amid strong dollar. June 02, 2022 / 09:52 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound edged lower by 0.80% on Wednesday amid strong dollar. Further, weak UK manufacturing PMI data pressurised the pound. UK manufacturing PMI fell to 54.6 in […]

At the interbank foreign exchange, the rupee opened at 77.61 against the American dollar, then lost ground to quote at 77.62, registering a fall of 12 paise from the last close. The rupee slipped 12 paise to 77.62 against the US dollar in early trade on Thursday, tracking the strength of the American currency in […]

Representative image The rupee on Wednesday recovered from its record low to close 20 paise higher at 77.51 (provisional) against the American currency. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day’s trade. The rupee finally ended at 77.51, […]

ICICI Direct, The pound depreciated by 0.35% on Tuesday amid firmer dollar. Further, weaker than expected UK mortgage approvals data added pressure on pound. June 01, 2022 / 09:45 AM IST ICICI Direct’s currency report on GBPINR The pound depreciated by 0.35% on Tuesday amid firmer dollar. Further, weaker than expected UK mortgage approvals data […]

At the interbank foreign exchange, the rupee opened at 77.58 against the American dollar, then inched higher to quote at 77.57, registering a rise of 14 paise from the last close. Recovering from its record low, the rupee rose by 14 paise to 77.57 against the US dollar in early morning trade on Wednesday. At […]

Representative image The rupee depreciated 12 paise to close at 77.66 (provisional) against the US dollar on Tuesday, tracking a negative trend in domestic equities and surging crude oil prices. At the interbank foreign exchange market, the rupee opened lower at 77.65 against the greenback and finally settled at 77.66, down 12 paise over its […]

At the interbank foreign exchange, the rupee opened at 77.65 against the American dollar, then lost ground to quote at 77.67, registering a fall of 13 paise from the last close. The rupee slipped 13 paise to 77.67 against the US dollar in early trade on Tuesday, weighed down by the surge in crude oil […]

ICICI Direct, Pound appreciated by 0.24% yesterday on weakness in dollar and rise in risk appetite in the global markets. May 31, 2022 / 08:47 AM IST Representative image ICICI Direct’s currency report on GBPINR Pound appreciated by 0.24% yesterday on weakness in dollar and rise in risk appetite in the global markets. Market sentiments […]

Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices and persistent FII outflows weighed on the local unit. PTI May 30, 2022 / 04:26 PM IST Representative image The rupee inched 4 paise higher to close at 77.54 (provisional) against the US dollar on Monday, supported by positive domestic […]

At the interbank foreign exchange, the rupee opened at 77.53 against the American dollar, then gained further ground to quote 77.46, registering a rise of 12 paise from the last close. The rupee appreciated 12 paise to 77.46 against the US dollar in opening trade on Monday, supported by a fall in the dollar index […]

ICICI Direct, The dollar edged lower on Friday by 0.12% as traders pared expectations on US Federal Reserve interest rate hikes and as improving inflation and consumer spending data eased recession fears. May 30, 2022 / 09:29 AM IST Representative image ICICI Direct’s currency report on USDINR The dollar edged lower on Friday by 0.12% […]

At the interbank forex market, the rupee opened at 77.60 against the greenback and moved in a range of 77.57 to 77.67 in the day’s trade. PTI May 27, 2022 / 03:59 PM IST Representative image The rupee inched 2 paise higher to close at 77.59 (provisional) against US dollar on Friday, supported by positive […]