Author: Currencies

At the interbank foreign exchange market, the local currency opened at 74.18 and witnessed an intra-day high of 74.08 and a low of 74.26 against the US dollar in day trade. PTI September 29, 2021 / 05:05 PM IST Representative image The rupee fell by 8 paise to close at 74.14 against the US dollar […]

At the interbank foreign exchange market, the local currency opened at 74.18 and witnessed an intra-day high of 74.08 and a low of 74.26 against the US dollar in day trade. PTI September 29, 2021 / 05:05 PM IST Representative image The rupee fell by 8 paise to close at 74.14 against the US dollar […]

At the interbank foreign exchange, the rupee opened at 74.18 against the dollar, then fell further to 74.19, registering a fall of 13 paise over its previous close. Representative image The Indian rupee declined 13 paise to 74.19 against the US dollar in opening trade on Wednesday, tracking a muted trend in domestic equities. At […]

Federal Reserve officials including the chairman and regional presidents of New York and Chicago concurred that the U.S. economy was close to exhibiting “substantial further progress”, indicating a moderation in bond buying purchase might soon be warranted. Reuters September 29, 2021 / 12:03 PM IST Representative image Indian bonds rose while the rupee weakened to […]

ICICI Direct, Rupee future maturing on October 27 depreciated by 0.3% on Tuesday’s trading session on a surge in crude oil prices and uptick in the dollar index • September 29, 2021 / 08:28 AM IST ICICI Direct’s currency report on USDINR Rupee future maturing on October 27 depreciated by 0.3% on Tuesday’s trading session […]

At the interbank foreign exchange market, the local currency opened at 73.79 and witnessed an intra-day high of 73.73 and a low of 74.12 against the US dollar in day trade. PTI September 28, 2021 / 04:18 PM IST Representative image The rupee tumbled 23 paise to close at 74.06 against the US dollar on […]

Forex traders said rupee is trading in a narrow range as weakness of Asian currencies, firm crude oil prices and strong dollar weighed on the domestic unit. Representative image The Indian rupee appreciated 8 paise to 73.75 against the US dollar in opening trade on Tuesday, tracking positive domestic equities. Forex traders said rupee is […]

ICICI Direct, The U.S. dollar index gained for a second straight session on Monday, bolstered by the rise in Treasury yields ahead of a slew of Federal Reserve speakers this week who could reinforce expectations of the start of asset purchase tapering before the end of the year. September 28, 2021 / 08:51 AM IST […]

At the interbank foreign exchange market, the rupee opened on a weak note at 73.70 and slid to the day’s lowest level at 73.84 a dollar towards the fag-end of the session. PTI September 27, 2021 / 04:26 PM IST Representative image The rupee weakened by 15 paise to close at 73.83 (provisional) against the […]

Though, a sustained bull run in the domestic equity market and dollar’s weakness against key rivals overseas lent some support to the rupee and checked its further fall, analysts said. Representative image The Indian rupee edged lower by 5 paise to trade at 73.73 against the US dollar in opening deals on Monday due to […]

ICICI Direct, US dollar increase by 0.32% on Friday amid uncertainty over struggling Chinese property developer Evergrande. September 27, 2021 / 08:51 AM IST ICICI Direct’s currency report on USDINR US dollar increase by 0.32% on Friday amid uncertainty over struggling Chinese property developer Evergrande. Further, improved economic data from US and hawkish statements from […]

At the interbank foreign exchange, the rupee opened on a weak note and fell to 73.77 against the dollar, registering a decline of 13 paise from the last close, even as the domestic equity market was trading with handsome gains. Representative image The Indian rupee depreciated 13 paise to 73.77 against the US dollar in […]

The US dollar declined 0.37% yesterday on a rise in risk appetite in global markets. Further, disappointing economic data from the country added to downside pressure. However, a sharp fall was cushioned on a surge in US treasury yields. September 24, 2021 / 09:31 AM IST rupeestack_pic ICICI Direct’s currency report on USDINR The US […]

At the interbank forex market, the local unit opened flat at 73.85 against the greenback. PTI September 23, 2021 / 04:33 PM IST Representative image The rupee on Thursday rebounded by 23 paise to close at 73.64 (provisional) against the US dollar following a firm trend in domestic equities and losses in the American currency […]

At the interbank foreign exchange, the rupee opened at 73.85 against the dollar, then edged higher to 73.77, up 10 paise over its previous close. Representative image The Indian rupee appreciated 10 paise to 73.77 against the US dollar in opening trade on Thursday, tracking weakness of the American currency in the overseas market and […]

ICICI Direct, US dollar increased by 0.26% yesterday after the US Fed signalled that it will begin reducing its monthly bond purchases as soon as November and interest rates increases may follow more quickly than anticipated. September 23, 2021 / 08:32 AM IST Kerala had set up India’s first lottery department in 1967. ICICI Direct’s […]