The local currency opened on a strong note at 74.51 to a dollar at the interbank foreign exchange market against the previous close of 74.66 on Friday. PTI February 21, 2022 / 11:19 AM IST Representative image The rupee spurted by 22 paise to 74.44 in early trade on Monday on softer crude oil prices […]
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ICICI Direct, The pound declined 0.24% on Friday on the back of a surge in dollar and selloff in the global markets. Broker Research February 21, 2022 / 09:25 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound declined 0.24% on Friday on the back of a surge in dollar and selloff […]
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ICICI Direct, The pound rose by 0.24% on Thursday amid expectations of further interest rate hikes by the Bank of England as inflation in Britain accelerated to a nearly 30-year high. February 18, 2022 / 09:11 AM IST ICICI Direct’s currency report on GBPINR The pound rose by 0.24% on Thursday amid expectations of further […]
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Continue ReadingAt the interbank foreign exchange, the rupee witnessed range-bound trade as it opened at 75.03 against the US dollar, saw an early high of 75.02 and a low of 75.05 against its previous close of 75.06. Representative image The rupee opened on a flat note against the US dollar in opening trade on Friday as […]
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ICICI Direct, The pound appreciated by 0.36% on Wednesday on the back of higher consumer inflation reading from UK February 17, 2022 / 09:02 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound appreciated by 0.36% on Wednesday on the back of higher consumer inflation reading from UK. The UK annual inflation […]
Continue ReadingForex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee. Representative image The rupee declined 14 paise to 75.18 against the US dollar in opening trade on Thursday, as geopolitical tensions and muted domestic equities weighed on investor sentiment. Forex traders said sustained foreign fund outflows and elevated crude […]
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Continue ReadingAt the interbank foreign exchange, the rupee opened at 75.24 against the American dollar and then inched higher to quote 75.14, registering a rise of 18 paise from the last close. PTI February 16, 2022 / 11:16 AM IST Representative image The rupee appreciated 18 paise to 75.14 against the US dollar in the opening […]
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ICICI Direct, The dollar index declined 0.40% amid easing geopolitical tensions between Russia and Ukraine. February 16, 2022 / 09:24 AM IST ICICI Direct’s currency report on USDINR The dollar index declined 0.40% amid easing geopolitical tensions between Russia and Ukraine. Further, rise in risk appetite in the global markets added downside pressure to the […]
Continue ReadingRepresentative image The rupee declined 12 paise to 75.72 against the US dollar in opening trade on Tuesday, as geopolitical tensions and higher domestic inflation weighed on investor sentiments. Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee position. At the interbank foreign exchange, the rupee opened at […]
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ICICI Direct, The Euro fell by 0.52% on the back of stronger dollar and decline in Germany 10 year treasury yields. February 15, 2022 / 09:43 AM IST ICICI Direct’s currency report on USDINR The Euro fell by 0.52% on the back of stronger dollar and decline in Germany 10 year treasury yields. Further, selloff […]
Continue ReadingForex traders said muted domestic equities and elevated crude oil prices weighed on the local unit. Representative image The rupee declined 20 paise to 75.56 against the US dollar in opening trade on Monday, amid geopolitical tensions pushing investors to the safe-haven appeal of the greenback. Forex traders said muted domestic equities and elevated crude […]
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ICICI Direct expect the dollar index surged 0.52% on Friday amid pessimistic sentiments in global markets and fears over geopolitical tensions between US and Russia over Ukraine issue. However, weakness in US 10 year treasury yields capped further gains in the dollar. February 14, 2022 / 09:43 AM IST Representative image ICICI Direct’s currency report […]
Continue ReadingThe currency’s sharp drop came after the biggest annual increase in US inflation in 40 years and the RBI’s dovish stance The rupee weakened almost 0.6 percent against the US dollar on February 11, its steepest fall in four months, after higher-than-expected US inflation and a dovish stance by the Reserve Bank of India. The […]
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ICICI Direct, The US dollar rebounded 0.18% on the back of risk aversion in the US markets and on higher CPI inflation data from US. February 11, 2022 / 09:16 AM IST AGS Transact Technologies IPO ICICI Direct’s currency report on USDINR The US dollar rebounded 0.18% on the back of risk aversion in the […]
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