ICICI Direct, The pound depreciated by 0.08% yesterday amid strong dollar and as data showed business activity remained resilient in March amid surging prices. March 25, 2022 / 09:12 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound depreciated by 0.08% yesterday amid strong dollar and as data showed business activity remained […]
Continue ReadingAt the interbank foreign exchange, the rupee opened at 76.15 against the US dollar, registering a rise of 18 paise from the previous close, even as the domestic equities were trading in the negative territory. PTI March 25, 2022 / 11:19 AM IST Representative image The rupee advanced 18 paise to 76.15 against the US […]
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Continue ReadingAt the interbank foreign exchange, the rupee opened lower at 76.37 against the American dollar, then inched higher to 76.35. The local unit also touched 76.41 in initial deals. The rupee was trading in a narrow range in morning trade on Thursday as elevated crude oil prices negated the impact of positive domestic equities. At […]
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ICICI Direct, The US dollar rallied yesterday due to risk aversion in the global markets and hawkish statements from Fed officials. March 24, 2022 / 09:07 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar rallied yesterday due to risk aversion in the global markets and hawkish statements from Fed officials. […]
Continue ReadingAt the interbank foreign exchange, the rupee opened at 76.08 against the US dollar, and gained momentum to quote at 75.99, registering a jump of 19 paise from the previous close. Representative image: Source: Reuters The rupee advanced 19 paise to 75.99 against the US dollar in the opening trade on Wednesday, tracking emerging market […]
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ICICI Direct, The US dollar edged lower yesterday amid a rise in risk appetite in global markets. March 23, 2022 / 09:02 AM IST ICICI Direct’s currency report on USDINR The US dollar edged lower yesterday amid a rise in risk appetite in global markets. However, sharp downside was cushioned on uptick in US treasury […]
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Data released on March 18 showed India’s foreign exchange reserves fell by a massive $ 9.65 billion in the week ended March 11 as the Reserve Bank of India tried to prop up a sliding rupee. This was the biggest weekly fall in reserves in almost two years. But as per data going back until […]
Continue ReadingAt the interbank foreign exchange, the rupee opened sharply lower at 76.39 against the US dollar, then slipped further to 76.46, registering a decline of 28 paise from the last close. PTI March 22, 2022 / 11:36 AM IST Representative image The rupee declined 28 paise to 76.46 against the US dollar in opening trade […]
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ICICI Direct, The US dollar rallied by 0.29% yesterday amid a surge in US treasury yields and decline in US stocks. March 22, 2022 / 08:58 AM IST Representative image: Source: Reuters ICICI Direct’s currency report on USDINR The US dollar rallied by 0.29% yesterday amid a surge in US treasury yields and decline in […]
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ICICI Direct, The US dollar advanced by 0.24% on Friday as Federal Reserve officials said the central bank may need to be more aggressive to deal with inflation. March 21, 2022 / 09:51 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar advanced by 0.24% on Friday as Federal Reserve officials […]
Continue ReadingRepresentative image: Source: Reuters The Indian rupee has made a smart comeback in the past two weeks, gaining more than 1.5 percent against the dollar. While the recovery has been attributed to the cooling of oil prices, much of the credit actually goes to the Reserve Bank of India. The RBI had scheduled a two-year sell-buy […]
Continue ReadingRepresentative image: Source: Reuters The rupee may depreciate to around 77.5 against the US dollar by March 2023, as the widening of current account deficit (CAD) due to higher energy prices and capital outflow as a result of rate hikes by the US Federal Reserve are likely to put pressure on the local unit, says […]
Continue ReadingRepresentative image: Source: Reuters The rupee spurted by 41 paise to close at 75.80 (provisional) against the US dollar on Thursday, supported by positive domestic equities and broad dollar weakness. At the interbank forex market, the local unit opened at 75.96 against the greenback and witnessed an intra-day high of 75.77 and a low of […]
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ICICI Direct, The pound appreciated by 0.58% on the back of weakness in dollar and on rise in risk appetite in the UK markets. Broker Research March 17, 2022 / 09:10 AM IST Representative image: Source: Reuters ICICI Direct’s currency report on GBPINR The pound appreciated by 0.58% on the back of weakness in dollar […]
Continue ReadingAt the interbank foreign exchange, the rupee opened at 75.96 against the US dollar and gained momentum to quote 75.89, a gain of 32 paise from the previous close. PTI March 17, 2022 / 11:03 AM IST Representative image The rupee advanced 32 paise to 75.89 against the US dollar in the opening trade on […]
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Continue ReadingAt the interbank foreign exchange, the rupee opened at 76.40 against the American dollar, then gained further ground to quote 76.32, registering a rise of 30 paise from the last close. Representative image: Source: Reuters The rupee appreciated 30 paise to 76.32 against the US dollar in opening trade on Wednesday, tracking positive domestic equities […]
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