Author: Currencies

ICICI Direct, US dollar increased by 0.11% on Friday on a surge in US treasury yields and decline in stock markets. Yields rose after PPI data indicated high inflation could persist for some time. September 13, 2021 / 09:09 AM IST Kerala had set up India’s first lottery department in 1967. ICICI Direct’s currency report […]

At the interbank forex market, the local unit opened on a weak note at 73.77 against the greenback. PTI September 09, 2021 / 04:17 PM IST The rupee snapped its three-day losing streak and closed 10 paise higher at 73.50 (provisional) against the US dollar on Thursday following recovery in the domestic equities. At the […]

Forex traders said a muted trend in domestic equities also dragged the local unit down. The Indian rupee plunged 25 paise to 73.85 against the US dollar in opening trade on Thursday, weighed down by the uptrend in the dollar index and importer hedging. Forex traders said a muted trend in domestic equities also dragged […]

ICICI Direct, US dollar increased by 0.18% yesterday on a decline in the equities and improved Jolts jobs data. September 09, 2021 / 08:44 AM IST Kerala had set up India’s first lottery department in 1967. ICICI Direct’s currency report on USDINR US dollar increased by 0.18% yesterday on a decline in the equities and […]

At the interbank foreign exchange market, the local currency opened at 73.48 and dropped to a low of 73.70 in the day trade. PTI September 08, 2021 / 04:48 PM IST Depreciating for the third straight session, the Indian rupee fell 18 paise to close at 73.60 (provisional) against the US dollar on Wednesday, tracking […]

At the interbank foreign exchange, the rupee opened at 73.48 against the dollar, then fell to 73.65, registering a decline of 23 paise from the last close. The Indian rupee plunged 23 paise to 73.65 against the US dollar in opening trade on Wednesday, tracking a strong American currency and muted trend in domestic equities. […]

ICICI Direct, The US dollar increased by 0.35% yesterday on risk aversion in the global markets and surge in US treasury yields. September 08, 2021 / 08:29 AM IST Kerala had set up India’s first lottery department in 1967. ICICI Direct’s currency report on USDINR The US dollar increased by 0.35% yesterday on risk aversion […]

The rupee plunged by 32 paise to close at a more than one-week low of 73.42 against the US currency on Tuesday due to dollar buying by corporates and importers and the greenback’s gain in overseas markets. The rupee mirrored losses in most Asian and emerging market currencies while forex outflows also weighed on the […]

At the interbank foreign exchange, the rupee opened at 73.12 against the dollar, then fell to 73.17, registering a decline of 7 paise from the last close. The Indian rupee slipped 7 paise to 73.17 against the US dollar in opening trade on Tuesday, tracking a strong American currency in the overseas market and muted […]

ICICI Direct, US dollar increased 0.21% yesterday on concerns that spreading of delta variant may derail the global economy. September 07, 2021 / 08:59 AM IST ICICI Direct’s currency report on USDINR US dollar increased 0.21% yesterday on concerns that spreading of delta variant may derail the global economy. Further, disappointing economic data from the […]

At the interbank foreign exchange market, the domestic currency opened flat at 73.02, then lost ground and settled for the day at 73.10, down 8 paise over its previous close. PTI September 06, 2021 / 05:17 PM IST The rupee on Monday declined by 8 paise to close at 73.10 (provisional) against the US currency […]

At the interbank foreign exchange, the rupee opened at 73.02 against the dollar, then fell further to 73.06, registering a fall of 4 paise over its previous close. The Indian rupee declined 4 paise to 73.06 against the US dollar in opening trade on Monday, tracking a firm American currency. At the interbank foreign exchange, […]

UBS expects the Indian currency to weaken to 77 to a dollar by the end of the year Swiss investment bank UBS expects weakness in the rupee despite it being one of the most stable currencies in Asia-Pacific this year. According to a note dated August 25, UBS expects the Indian currency to weaken to 77 […]

At the interbank forex market, the local unit opened at 73.05 against the greenback and witnessed an intra-day high of 73.01 and a low of 73.15. PTI September 03, 2021 / 04:47 PM IST The Indian rupee settled with a marginal gain of 4 paise at 73.02 (provisional) against the US dollar on Friday, even […]

Forex traders said the local unit is trading in a narrow range as strengthening crude oil prices and dollar demand is offsetting the impact of upbeat domestic equities. The Indian rupee inched higher by 2 paise to 73.03 against the US dollar in opening trade on Friday, despite a sustained rally in domestic equities. Forex […]

ICICI Direct, US dollar declined by 0.26% amid a rise in risk appetite in the global markets and decline in US treasury yields. September 03, 2021 / 08:36 AM IST ICICI Direct’s currency report on USDINR US dollar declined by 0.26% amid a rise in risk appetite in the global markets and decline in US […]

ICICI Direct, US dollar declined 0.12% amid weaker-than-expected jobs data. September 02, 2021 / 08:51 AM IST ICICI Direct’s currency report on USDINR US dollar declined 0.12% amid weaker-than-expected jobs data. US ADP Employment report showed private payrolls rose by 374,000 in August 2021 compared to 326,000 in the preceding month but well short of […]

At the interbank forex market, the local unit opened at 73.05 against the American currency and witnessed an intra-day high of 72.92 and a low of 73.50. PTI September 01, 2021 / 04:28 PM IST The rupee snapped its four-session winning run to close 8 paise lower at 73.08 against the US dollar on Wednesday […]

However, strong macroeconomic data and a rally in the domestic equity market restricted the rupee’s fall, forex dealers said. The Indian rupee opened on a flat note and slipped 5 paise to 73.05 against the US dollar in opening trade on Wednesday. However, strong macroeconomic data and a rally in the domestic equity market restricted […]

ICICI Direct, US dollar increased marginally by 0.01% amid a decline in domestic market and surge in US treasury yields. September 01, 2021 / 08:54 AM IST ICICI Direct’s currency report on USDINR US dollar increased marginally by 0.01% amid a decline in domestic market and surge in US treasury yields. However, further upside was […]