Author: Currencies

The central bank added 14 entities to the list including FX Western, Pepperstone, and QuotexFX, release said. The Reserve Bank of India (RBI) on February 10 has issued an updated list of entities not authorised to deal in foreign exchange. The central bank added 14 entities to the list including FX Western, Pepperstone, and Quotex, […]

A rally in the domestic equity markets and weakness in the greenback against major crosses overseas also supported the rupee, forex traders said. PTI February 08, 2023 / 04:10 PM IST At the interbank foreign exchange market, the local unit opened strong at 82.67 and touched an intra-day high of 82.47 and a low of […]

Muted domestic equities, unabated foreign capital outflows and rising crude prices restricted the rupee’s rise, forex dealers said. PTI February 07, 2023 / 04:18 PM IST At the interbank foreign exchange market, the local unit opened strong at 82.68 and touched an intra-day high of 82.62 and a low of 82.80 against the greenback. The […]

However, foreign capital outflows restricted the gain in the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened strong at 82.68 against the dollar, then gained further ground to 82.66, a rise of 10 paise over its last close. In early deals, it was moving in a tight range of […]

ICICI Direct, The US dollar index edged higher on Friday amid better-than expected jobs data from the US, potentially giving the Federal Reserve more leeway to keep hiking interest rates. February 06, 2023 / 10:13 AM IST ICICI Direct’s currency report on USDINR The US dollar index edged higher on Friday amid better-than expected jobs […]

ICICI Direct, The pound depreciated by 1.20% yesterday after the Bank of England raised its interest rate by 50 basis points to 4.00% in its 10th straight hike while hinting that rates were near their peak. February 03, 2023 / 10:03 AM IST Govt could use the additional headroom available from subsidy savings on ramping […]

ICICI Direct, The US dollar index extended losses on Wednesday and fell to a nine month low after Federal Reserve raised interest rate by 25 bps in line with market expectations. February 02, 2023 / 09:20 AM IST Indian Rupee ICICI Direct’s currency report on USDINR The US dollar index extended losses on Wednesday and […]

ICICI Direct, The Euro erased its earlier gains and fell towards the level of 1.0839 yesterday amid a strong dollar and weaker than expected macroeconomic data from the Euro area. February 01, 2023 / 11:02 AM IST Indian Rupee ICICI Direct’s currency report on EURINR The Euro erased its earlier gains and fell towards the […]

Analysts expect that the overall focus will continue on the growth agenda through higher capex allocation that will accelerate the investment cycle and employment. Representative image The Indian rupee on Wednesday opened marginally higher against the US dollar ahead of the Union Budget that will start after 11am. The currency opened at 81.78 to a dollar and […]

ICICI Direct, The Euro recovered its earlier losses and rose yesterday amid weak dollar and rise in risk appetite in global markets. February 01, 2023 / 09:22 AM IST Govt could use the additional headroom available from subsidy savings on ramping up capex in Budget 2023. ICICI Direct’s currency report on EURINR The Euro recovered […]

Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiments. The rupee depreciated 52 paise to 82.04 against the US dollar in intra-day trade on Tuesday after the Economic Survey 2022-23 said the domestic unit may remain under pressure on account of plateauing of exports and subsequent […]

ICICI Direct, The Euro erased its earlier gains and fell towards the level of 1.0839 yesterday amid a strong dollar and weaker than expected macroeconomic data from the Euro area. January 31, 2023 / 09:52 AM IST Indian Rupee ICICI Direct’s currency report on USDINR The Euro erased its earlier gains and fell towards the […]

ICICI Direct, The US dollar index posted modest gains on Friday amid a rise in US treasury yields. January 30, 2023 / 09:54 AM IST Govt could use the additional headroom available from subsidy savings on ramping up capex in Budget 2023. ICICI Direct’s currency report on USDINR The US dollar index posted modest gains […]

ICICI Direct, The US dollar index recovered from its seven month lows as better than-expected economic numbers showed strength in the US economy and pushed bond yields higher. January 27, 2023 / 11:06 AM IST Food subsidies are expected to be around 20 percent of central government revenues this fiscal ICICI Direct’s currency report on […]

However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said. At the interbank foreign exchange market, the rupee opened stronger at 81.51 to a dollar. PTI January 27, 2023 / 04:40 PM IST The rupee appreciated 8 paise to close at […]

The rupee inched up to 81.5225 to the dollar from 811.59 in the previous session. For the week, the local currency was down 0.5%. Reuters January 27, 2023 / 03:57 PM IST The Indian rupee rose marginally against the dollar on Friday, but ended the week lower due to suspected intervention by the central bank. […]

ICICI Direct, US dollar index on Tuesday fell by 0.09% and settled near the 101.92 mark following the decline in the US 10 year bond yields and weaker economic numbers. January 25, 2023 / 10:27 AM IST ICICI Direct’s currency report on USDINR US dollar index on Tuesday fell by 0.09% and settled near the […]

The partially convertible rupee eased to 81.72 per dollar, compared to its previous close of 81.390. Reuters January 24, 2023 / 04:31 PM IST Rupee The Indian rupee weakened on Tuesday to close just below a key technical level, amid mixed cues from Asian markets and as the dollar index attempted to gain. The partially […]

ICICI Direct, The US dollar index recovered from its seven-month low and closed above the 102 mark following the rally in US 10 year bond yields. January 24, 2023 / 09:19 AM IST Rupee ICICI Direct’s currency report on USDINR The US dollar index recovered from its seven-month low and closed above the 102 mark […]

ICICI Direct, The US dollar index failed to recover from its seven month low and closed below the 102 mark as a weaker set of economic numbers triggered fears of a recession in the US economy. January 23, 2023 / 09:10 AM IST Budget 2023 ICICI Direct’s currency report on USDINR The US dollar index […]