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Representative image The rupee depreciated 6 paise to 77.50 against the US dollar in the opening trade on Wednesday as a surging American currency in the overseas markets and persistent foreign fund outflows weighed on investor sentiment. Besides, rising global crude prices impacted the domestic unit, forex traders said. However, a higher opening in the […]
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ICICI Direct, The Euro appreciated by 0.27% yesterday amid weakness in dollar and rise in risk appetite in domestic markets. May 17, 2022 / 08:38 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro appreciated by 0.27% yesterday amid weakness in dollar and rise in risk appetite in domestic markets. Further, the […]
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The partially convertible rupee was trading at 77.73/74 to the dollar by 0358 GMT, versus Friday’s close of 77.45. The 1-month non-deliverable forward was trading at 77.96/97 to the dollar. Representative image The Indian rupee weakened on Tuesday, to touch a record low of 77.73 versus the dollar, tracking broad gains in the U.S. currency […]
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At the interbank foreign exchange, the rupee opened weak at 77.67 against the American dollar, then lost further ground to quote at 77.69, registering a fall of 14 paise from the last close. The rupee depreciated 14 paise to 77.69 against the US dollar in the opening trade on Tuesday tracking persistent foreign fund outflows […]
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Continue ReadingDisclaimer | Terms & Conditions | Privacy Policy | Cookie Policy | FAQs | Sitemap | Contact Us | Advertise with Us Network 18 Sites: News18 | Firstpost | CNBC TV18 | In.com | Cricketnext | Overdrive |Topper Learning Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other […]
Continue ReadingRepresentative image If it really wanted to get ahead of the inflation challenge, India’s central bank should have paid more attention to Surf Excel. The price of the laundry detergent went up by 20 percent in January. While that’s hardly news when most everyday things are becoming dearer everywhere, the interesting part was the retail price […]
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ICICI Direct, Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets. May 13, 2022 / 10:30 AM IST Representative image ICICI Direct’s currency report on EURINR Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets. Further, euro slipped on concern about lingering stagflation […]
Continue ReadingRepresentative image India’s rupee is in a free fall. At the interbank foreign exchange, the rupee opened at 77.46 against the dollar on May 12 and has depreciated over 1.2 percent this month. Global geopolitical tensions and the subsequent rise in inflation and oil prices are the key reasons for the rupee’s depreciation, experts said. Through […]
Continue ReadingRepresentative image Snapping its two-day winning streak, the rupee slumped by 15 paise to end at 77.40 (provisional) against the US dollar on Thursday, following risk-off sentiments amid increasing concerns over inflation globally. Weak domestic equities, surging US dollar in overseas markets and persistent foreign fund outflows also weighed on the rupee which plunged to […]
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ICICI Direct, Pound depreciated by 0.59% yesterday amid strong dollar and as Bank of England signalled slowdown in its interest rate hiking cycle. May 12, 2022 / 09:16 AM IST Representative image ICICI Direct’s currency report on GBPINR Pound depreciated by 0.59% yesterday amid strong dollar and as Bank of England signalled slowdown in its […]
Continue ReadingThe rupee slumped 30 paise to 77.55 against the US dollar in opening trade on Thursday as a lacklustre trend in the domestic equity markets and a firm American currency weighed on investor sentiment. Besides, persistent foreign fund outflows and elevated crude oil prices impacted the domestic unit, forex traders said. At the interbank foreign […]
Continue ReadingThe Indian rupee on Thursday weakened to a fresh record low against the US dollar, tracking losses in its Asian peers. The fall in global and local equities after the US inflation data hinted at more aggressive tightening by the Federal Reserves amid a weakened trader sentiment weighed down by a slowdown in economies world […]
Continue ReadingAt the interbank forex market, the domestic unit opened at 77.24 against the US dollar. PTI May 11, 2022 / 04:44 PM IST The rupee appreciated further by 10 paise to settle at 77.24 (provisional) against the US dollar on Wednesday as the American currency retreated from its 20-year high levels. At the interbank forex […]
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ICICI Direct, The Euro depreciated by 0.32% yesterday on a strong dollar. Further, the Euro slipped as rising geopolitical tensions and economic headwinds is posing biggest threat to global economic growth. May 11, 2022 / 08:40 AM IST ICICI Direct’s currency report on EURINR The Euro depreciated by 0.32% yesterday on a strong dollar. Further, […]
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Continue ReadingAt the interbank foreign exchange, the rupee opened at 77.24 against the American dollar, then gained further ground to quote at 77.17, registering a rise of 17 paise from the last close. In initial deals the rupee also touched a low of 77.31 against the dollar. The rupee appreciated 17 paise to 77.17 against the […]
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ICICI Direct, The US dollar advanced amid risk aversion in global markets and hawkish statements from Fed officials. May 10, 2022 / 08:53 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar advanced amid risk aversion in global markets and hawkish statements from Fed officials. Market sentiments were hurt as investors […]
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