Author: Currencies

At the interbank foreign exchange, the rupee opened at 73.26 against the dollar, then inched higher to 73.25, up 4 paise over its previous close. The Indian rupee appreciated 4 paise to 73.25 against the US dollar in opening trade on Tuesday, tracking a positive trend in domestic equities. At the interbank foreign exchange, the […]

ICICI Direct, US dollar increased 0.02% yesterday as it tried to recover from its drop after US Federal Reserve Chairman Powell indicated that central banks may start tapering their bond buying programme by year end but he was in no hurry to hike rates. August 31, 2021 / 09:06 AM IST ICICI Direct’s currency report […]

ICICI Direct, US dollar declined 0.40% on Friday after US Federal Reserve Chairman Jerome Powell at the Jackson Hole meeting indicated the central bank may start tapering its bond buying programme by year end but will continue to hold interest rates at current level. August 30, 2021 / 12:42 PM IST ICICI Direct’s currency report […]

The partially convertible rupee was trading at 73.48/49 per dollar at 0612 GMT after touching 73.39 earlier, its strongest since June 16. The currency had closed at 73.68 on Friday. The Indian rupee rose to its strongest in two-and-a-half months on Monday, after the U.S. Federal Reserve chairman’s comments sparked bets of a slower reduction […]

At the interbank foreign exchange, the rupee opened at 73.46 against the dollar, then surged higher to 73.38, up 31 paise over its previous close. The Indian rupee appreciated 31 paise to 73.38 against the US dollar in opening trade on Monday, tracking a positive trend in domestic equities. At the interbank foreign exchange, the […]

ICICI Direct, US dollar declined 0.40% on Friday after US Federal Reserve Chairman Jerome Powell at the Jackson Hole meeting indicated the central bank may start tapering its bond buying programme by year end but will continue to hold interest rates at current level. August 30, 2021 / 08:37 AM IST ICICI Direct’s currency report […]

Traders said the domestic unit is trading in a narrow range as investors are awaiting cues from the key speech from US Federal Reserve Chair Jerome Powell. The Indian rupee gained 7 paise to 74.15 against the US dollar in opening trade on Friday, amid a muted trend in the domestic equities. Traders said the […]

US dollar declined 0.11% amid rise in risk appetite in global markets. August 27, 2021 / 09:57 AM IST ICICI Direct’s currency report on USDINR • US dollar declined 0.11% amid rise in risk appetite in global markets. Market sentiments improved after USFDA granted full approval to Pfizer’s Covid-19 vaccine • Rupee future maturing on […]

At the interbank foreign exchange, the rupee opened at 74.22 against the dollar, then surged higher to 74.11, up 13 paise over its previous close. The Indian rupee appreciated 13 paise to 74.11 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities. At the interbank foreign exchange, the […]

ICICI Direct, US dollar declined 0.08% yesterday amid a surge in stock markets. August 26, 2021 / 09:13 AM IST ICICI Direct’s currency report on USDINR US dollar declined 0.08% yesterday amid a surge in stock markets. Additionally, market participants remained cautious ahead of US Federal Reserve Chairman Powell speech at Jackson Hole Symposium to […]

ICICI Direct, US dollar declined 0.11% amid rise in risk appetite in global markets. August 25, 2021 / 08:43 AM IST ICICI Direct’s currency report on USDINR US dollar declined 0.11% amid rise in risk appetite in global markets. Market sentiments improved after USFDA granted full approval to Pfizer’s Covid-19 vaccine • Rupee future maturing […]

Alok Goyel displays a five rupee coin, which was issued by Indian government in 2010, with an image of Mother Teresa from his collection ahead of Mother Teresa’s canonisation ceremony in Kolkata, India, September 2, 2016. REUTERS/Rupak De Chowdhuri TPX IMAGES OF THE DAY – RTX2NV38 The rupee appreciated 9 paise to 74.13 against the […]

ICICI Direct, The US dollar declined 0.56% yesterday amid a rise in risk appetite in the global markets and soft economic data from the US. August 24, 2021 / 08:59 AM IST ICICI Direct’s currency report on USDINR The US dollar declined 0.56% yesterday amid a rise in risk appetite in the global markets and […]

At the interbank foreign exchange, the rupee opened strong at 74.27 against the dollar, then lost some ground to quote 74.26, registering a rise of 13 paise over its previous close. The rupee appreciated 13 paise to 74.26 against the US dollar in opening trade on Monday, tracking a strong rally in the domestic equities […]

ICICI Direct, US dollar fell 0.07% on Friday and slipped from its nine and a half month high on a rise in risk appetite in the global markets. August 23, 2021 / 09:05 AM IST ICICI Direct’s currency report on USDINR Rupee Outlook and Strategy US dollar fell 0.07% on Friday and slipped from its […]

At the interbank foreign exchange market, the domestic currency opened lower at 74.38 against the American currency and finally settled at 74.39. PTI August 20, 2021 / 04:18 PM IST The rupee on Friday declined by 15 paise to close at 74.39 (provisional) against the US currency, tracking a lacklustre trend in the domestic equities […]

At the interbank foreign exchange, the rupee opened at 74.38 against the dollar, then fell further to 74.44, registering a fall of 20 paise over its previous close. Use it as proof of income: Employers issue Form 16 to their employees. It is an individual’s proof of income. The ITR filing document serves as an authentic […]

ICICI Direct, US dollar increased 0.45% yesterday and climbed to a nine month high as FOMC meeting minutes signalled possibility of monetary tapering this year. August 20, 2021 / 09:04 AM IST ICICI Direct’s currency report on USDINR Rupee Outlook and Strategy US dollar increased 0.45% yesterday and climbed to a nine month high as […]

However, high crude prices in the international market and foreign capital outflows restricted the rupee rise, forex dealers said. The rupee appreciated 6 paise to 74.29 against the US dollar in early trade on Wednesday as strong buying in domestic equities and weakness in American currency overseas strengthened investor sentiment. However, high crude prices in […]

At the interbank foreign exchange, the rupee opened at 74.23 against the dollar, then fell further to 74.27, registering a fall of 3 paise over its previous close amid muted domestic equities. Use it as proof of income: Employers issue Form 16 to their employees. It is an individual’s proof of income. The ITR filing document […]