Author: Currencies

Representative image The rupee appreciated 2 paise to 77.59 against the US dollar in the opening trade on Friday, supported by heavy buying in domestic equities and a weak greenback in the overseas markets. However, rising global crude prices and persistent foreign fund outflows capped the rupee’s gain, forex traders said. At the interbank foreign […]

ICICI Direct, The US dollar eased by 0.36% yesterday amid a rise in risk appetite in the global markets and disappointing GDP data. May 27, 2022 / 08:40 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar eased by 0.36% yesterday amid a rise in risk appetite in the global markets […]

However, rising crude oil prices in the international markets and continued foreign fund outflows kept the pressure on the domestic currency, forex traders said. Representative image The rupee appreciated 3 paise to 77.52 against the US dollar in the opening trade on Thursday as a positive trend in domestic equities and weak American currency overseas […]

ICICI Direct, The Euro depreciated by 0.43% yesterday amid strong dollar and disappointing economic data from Germany. May 26, 2022 / 08:23 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated by 0.43% yesterday amid strong dollar and disappointing economic data from Germany. German consumer morale is projected to inched up […]

At the interbank forex market, the rupee opened higher at 77.54 against the greenback and moved in a range of 77.44 to 77.57 in the day trade. PTI May 25, 2022 / 04:14 PM IST Representative image The rupee recovered 3 paise to settle at 77.54 (provisional) against the US currency in a restricted trade […]

ICICI Direct, The pound depreciated by 0.37% yesterday amid risk aversion in the global markets and disappointing economic data from Britain. May 25, 2022 / 08:59 AM IST ICICI Direct’s currency report on GBPINR The pound depreciated by 0.37% yesterday amid risk aversion in the global markets and disappointing economic data from Britain. Data showed […]

At the interbank foreign exchange, the rupee opened at 77.54 against the American dollar, then gained some more ground to quote 77.52, registering a rise of 5 paise over the previous close. PTI May 25, 2022 / 11:14 AM IST Representative image The rupee appreciated 5 paise to 77.52 against the US dollar in the […]

Representative image The rupee slipped by 4 paise to close at 77.59 (provisional) against the US dollar on Tuesday, weighed down by a negative trend in domestic equities and unabated foreign fund outflows. At the interbank foreign exchange market, the rupee opened lower at 77.56 against the greenback, and finally settled at 77.59, down 4 […]

ICICI Direct, The US dollar slipped from its multiyear high amid profit taking. Further, investors turned hopeful that loosening lockdowns in China can help global growth. May 24, 2022 / 09:25 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar slipped from its multiyear high amid profit taking. Further, investors turned […]

At the interbank foreign exchange, the rupee opened weak at 77.56 against the American dollar, then turned volatile to trade in a tight range of 77.56 to 77.51. The domestic unit was trading at 77.56 against the greenback, registering a fall of just 1 paisa over the last close. Representative image The rupee started the […]

Representative image Rupee recovered from record lows and settled 15 paise higher at 77.55 (provisional) against the US dollar on Monday, supported by a weak greenback overseas. At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session. The […]

ICICI Direct, The US dollar appreciated by 0.15% on Friday amid a rout across markets due to fears of the impact of soaring inflation. May 23, 2022 / 08:33 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar appreciated by 0.15% on Friday amid a rout across markets due to fears […]

Representative image The 10 year bond yield rose six basis points as prices fell and rupee weakened 0.2 percent against the dollar after the government cut tax on fuel to curb inflation raising fiscal slippage pressure. A report suggesting the government plans to borrow Rs 1 trillion (lakh crore) extra to offset the fiscal impact from the […]

However, unabated foreign fund outflows and surging crude prices in the international markets restricted the rupee’s gain, forex dealers said. The rupee appreciated 4 paise to 77.66 against the US dollar in the opening trade on Monday as a positive trend in domestic equities and weak American currency overseas supported the local unit. However, unabated […]

The rupee finally ended at 77.53, higher by 3 paise over its previous close of 77.56. According to Dilip Parmar, Research Analyst, HDFC Securities, the lack of dollar demand and rebound in domestic equities augur well for the rupee. PTI May 20, 2022 / 04:45 PM IST Representative image The rupee inched 3 paise higher […]

At the interbank foreign exchange, the rupee opened at 77.51 against the American dollar, then gained further ground to quote at 77.49, registering a rise of 7 paise from the last close. PTI May 20, 2022 / 10:13 AM IST Representative image The rupee appreciated 7 paise to 77.49 against the US dollar in opening […]

At the interbank foreign exchange market, the rupee opened lower at 77.72 against the greenback, and finally settled for the day at 77.72, down 10 paise over its previous close. PTI May 19, 2022 / 04:05 PM IST Representative image The rupee extended its losses and slumped 10 paise to close at a record low […]

ICICI Direct, The pound dipped yesterday amid strong dollar and weak economic data. May 19, 2022 / 08:59 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound dipped yesterday amid strong dollar and weak economic data. Further, weak global risk sentiments and expectations for a more aggressive policy tightening by the US […]

Mumbai, May 18 The rupee on Wednesday declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amid unabated foreign .. PTI May 18, 2022 / 04:56 PM IST Representative image The rupee on Wednesday declined by 16 paise to close at its fresh lifetime low of 77.60 […]

ICICI Direct, The dollar eased for a third straight day by 0.86% yesterday amid uptick in investors’ appetite for riskier assets. May 18, 2022 / 09:48 AM IST Representative image ICICI Direct’s currency report on USDINR The dollar eased for a third straight day by 0.86% yesterday amid uptick in investors’ appetite for riskier assets. […]