ICICI Direct, The Euro edged higher by 0.57% on Tuesday on the back of a retreat in the dollar. March 09, 2022 / 08:49 AM IST ICICI Direct’s currency report on GBPINR The Euro edged higher by 0.57% on Tuesday on the back of a retreat in the dollar. Further, Ukraine President Zelensky said he […]
Continue ReadingAt the interbank forex market, the local unit opened at 77.02 against the greenback and witnessed an intra-day high of 76.71 and a low of 77.05. PTI March 08, 2022 / 05:18 PM IST Representative image The rupee inched higher by 3 paise to close at 76.90 (provisional) against the US dollar on Tuesday, tracking […]
Continue ReadingAt the interbank foreign exchange, the rupee opened on a weak note at 77.02 against the US dollar, then pared its initial losses and touched 76.73, registering a gain of 20 paise from the previous close. PTI March 08, 2022 / 11:13 AM IST Representative image The rupee advanced 20 paise to 76.73 against the […]
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ICICI Direct, The pound depreciated by 0.89% on Monday due to risk aversion in global markets and worries over Britain’s economic growth due to higher energy prices. March 08, 2022 / 08:41 AM IST Source: Reuters ICICI Direct’s currency report on GBPINR The pound depreciated by 0.89% on Monday due to risk aversion in global […]
Continue ReadingRepresentative image The rupee tanked 84 paise to close at its lifetime low of 77.01 (provisional) against the US dollar on Monday as intensifying geopolitical risks due to the Russia-Ukraine conflict pushed investors to safe haven assets. Forex traders said escalating tensions between Russia and Ukraine kept crude oil prices at an elevated level and […]
Continue ReadingSource: Reuters The rupee hit a record low today, something market players had foreseen. The currency slumped to 76.92 to a dollar, coming within a hair’s breadth of the psychological mark of 77 per dollar. Indeed, with Brent crude oil’s continued surge to the current $ 130 per barrel, the impact on India’s balance of […]
Continue ReadingThe rupee hit an all-time low of nearly 77 a dollar on Monday after crude oil made fresh surges on news reports that the US and its European allies were weighing a ban on Russian oil. This was the fourth consecutive session when the currency weakened. At 12.11pm, the home currency was trading at 76.96 a dollar, down 1.03 […]
Continue ReadingForex traders said escalating tensions between Russia and Ukraine kept crude oil prices at an elevated level and heightened worries about domestic inflation and wider trade deficits. Representative image The rupee declined 81 paise to 76.98 against the US dollar in opening trade on Monday as intensifying geopolitical risks due to the Russia-Ukraine conflict pushed […]
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Continue ReadingUnabated foreign fund outflows and a weak trend in domestic equities also weighed on investor sentiment, forex traders said. Source: Reuters The rupee declined 11 paise to 76.05 against the US dollar in the opening trade on Friday, tracking the surge in international crude prices amid the intensifying Russia-Ukraine conflict. Unabated foreign fund outflows and […]
Continue ReadingAt the interbank foreign exchange, the rupee opened at 75.02 against the US dollar, then slipped further to 75.16, registering a decline of 55 paise from the last close. PTI February 24, 2022 / 11:11 AM IST Representative image The rupee declined 55 paise to 75.16 against the US dollar in opening trade on Thursday, […]
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ICICI Direct, The Euro edged lower on Wednesday on the back of risk aversion in the global markets and escalating geopolitical tensions in the Ukraine. February 24, 2022 / 08:51 AM IST ICICI Direct’s currency report on EURINR The Euro edged lower on Wednesday on the back of risk aversion in the global markets and […]
Continue ReadingThe local currency opened on a strong note at 74.64 to a dollar at the interbank foreign exchange market and inched higher to 74.63, registering a gain of 21 paise over its previous close. PTI February 23, 2022 / 11:11 AM IST Representative image The rupee recovered 21 paise to 74.63 in early trade on […]
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ICICI Direct, The dollar index edged higher on Tuesday amid improved macroeconomic data from the US and rise in US treasury yields. February 23, 2022 / 08:56 AM IST Representative image ICICI Direct’s currency report on USDINR The dollar index edged higher on Tuesday amid improved macroeconomic data from the US and rise in US […]
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Continue ReadingRepresentative image The rupee depreciated by 31 paise to 74.86 (provisional) against the US currency on Tuesday as riskier assets took a hit amid deepening geopolitical tensions. Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the […]
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Continue ReadingA bird in hand is worth two in the bush. The Reserve Bank of India’s foreign exchange swaps have in the past been its best bet in managing exchange rate volatility with the added bonus of liquidity management. On Monday, the central bank announced $ 5 billion worth of sell-buy foreign exchange swaps with a […]
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ICICI Direct, The Euro edged lower by 0.07% on Monday amid a decline in 10 year Germany treasury yields. February 22, 2022 / 09:12 AM IST ICICI Direct’s currency report on EURINR The Euro edged lower by 0.07% on Monday amid a decline in 10 year Germany treasury yields. Further, risk aversion in the global […]
Continue ReadingForex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment. Representative image The rupee declined 24 paise to 74.79 against the US dollar in opening trade on Tuesday, amid weak risk appetite as tensions escalated in the eastern Europe. Forex traders said sustained […]
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