Author: Currencies

The Indian rupee is expected to extend its gains this week, while government bond yields may move marginally higher due to worries about yet another year of elevated borrowing. With a holiday-shortened week in India, the Chinese New Year, and no major data releases apart from U.S. economic growth and consumption prints towards the end […]

ICICI Direct, The US dollar index continued to trade near its seven month low at 102 as a weaker set of economic numbers increased the fears of a recession in the US economy. January 20, 2023 / 09:16 AM IST Changes to section 80C could help people in better tax planning. ICICI Direct’s currency report […]

At the interbank foreign exchange market, the rupee opened at 81.45 against the greenback, and finally settled at 81.37, down 7 paise over its previous close. During the session, the rupee also touched an intraday high of 81.27 against the American currency. PTI January 19, 2023 / 04:00 PM IST The rupee settled 7 paise […]

ICICI Direct, The US dollar index rebounded from its seven month lows and ended the day with minor gains on hawkish comments from two Fed members. January 19, 2023 / 09:13 AM IST Budget 2023 ICICI Direct’s currency report on USDINR The US dollar index rebounded from its seven month lows and ended the day […]

Foreign institutional investors (FII) have net-sold shares worth Rs 319.23 crore, whereas domestic institutional investors (DII) have net-purchased shares worth Rs 1,225.96 crore on January 18, as per provisional data available on the NSE. The market is expected to open in the red on January 19, tracking weak global cues after weak US economic data fueled […]

The rupee pared its initial losses and settled 44 paise higher at 81.25 (provisional) against the US dollar on Wednesday, tracking a weak greenback overseas and a firm trend in domestic equities. However, rising crude oil prices capped the gains in the rupee, traders said. At the interbank foreign exchange market, the local unit opened […]

ICICI Direct, The US dollar gained a bit to settle above the 102.30 mark on Tuesday ahead of BoJ’s monetary policy. January 18, 2023 / 09:48 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 gained […]

ICICI Direct, The US dollar rebounded and closed above the 102 mark on a thin trading day as US markets were closed on Monday. January 17, 2023 / 09:53 AM IST Changes to section 80C could help people in better tax planning. ICICI Direct’s currency report on USDINR The US dollar rebounded and closed above […]

Forex traders said risk aversion in international markets and sustained foreign fund outflows weighed on investor sentiments. PTI January 16, 2023 / 04:07 PM IST The rupee pared initial gains and settled 21 paise lower at 81.59 (provisional) against the US dollar on Monday, tracking a rebound in the greenback overseas and a muted trend […]

ICICI Direct, The US dollar remained under pressure amid prospects of less aggressive monetary tightening form the Federal Reserve. January 16, 2023 / 09:53 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar remained under pressure amid prospects of less aggressive monetary tightening form the Federal Reserve. The decline in price […]

The rupee depreciated by 4 paise to close at 81.34 (provisional) against the US dollar on Friday, tracking a rebound in crude oil prices and sustained foreign fund outflows. Forex traders said positive macroeconomic data and broad weakness in the American currency supported the rupee and contained the depreciation bias. At the interbank foreign exchange […]

ICICI Direct, The US dollar ended flat on Wednesday ahead of key US CPI print. The US 10-year yield declined while equities marked a significant gain amid expectation of cooling inflation number that could provide room for the Fed to dial back on its aggressive rate hike. January 12, 2023 / 10:08 AM IST Budget […]

The rupee gained 18 paise to close at 81.56 (provisional) against the US dollar on Wednesday, driven by foreign inflows from bonds selling and overall weakness in crude oil prices. However, a muted trend in domestic equities dented investor sentiments and capped the sharp gains in the rupee, traders said. At the interbank foreign exchange […]

ICICI Direct, The US dollar closed with marginal gains on Tuesday amid a rise in US treasury yields. January 11, 2023 / 09:55 AM IST Indian Rupee ICICI Direct’s currency report on USDINR The US dollar closed with marginal gains on Tuesday amid a rise in US treasury yields. Further, two Fed members in comments […]

Mumbai, Jan 10 The rupee gained 57 paise to close at 81.78 (provisional) against the US dollar on Tuesday, the biggest single-day gain since November.Fo.. January 10, 2023 / 04:10 PM IST The rupee gained 57 paise to close at 81.78 (provisional) against the US dollar on Tuesday, the biggest single-day gain since November. Forex […]

The home currency opened at 82.29 and touched a high of 82.23 a dollar — a level last seen on 9 December. At 9.30am, the domestic currency was trading at 82.23 a dollar, up 0.3% from its previous close of 82.36. The rupee surpassed 82 to a dollar to a fresh five-week high on Tuesday, […]

ICICI Direct, The US dollar declined 0.71% yesterday amid a fall in US treasury yields and rise in risk appetite in global markets. January 10, 2023 / 10:28 AM IST Budget 2023 ICICI Direct’s currency report on USDINR The US dollar declined 0.71% yesterday amid a fall in US treasury yields and rise in risk […]

The home currency opened at 82.29 and touched a high of 82.23 a dollar — a level last seen on 9 December. At 9.30am, the domestic currency was trading at 82.23 a dollar, up 0.3% from its previous close of 82.36. The rupee hit a fresh one-month high against the dollar on Tuesday tracking gains […]

At the interbank foreign exchange market, the local unit opened at 82.41 and touched an intra-day high of 82.25 and a low of 82.44 against the greenback. PTI January 09, 2023 / 03:59 PM IST The rupee gained 29 paise to close at 82.37 (provisional) against the US dollar on Monday, supported by a weaker […]