Author: Currencies

However, strong macroeconomic data and a weak US currency against its major rivals overseas restricted the rupee’s fall, forex dealers said. The Indian rupee declined 3 paise to 74.28 against the US dollar in opening trade on Friday, tracking foreign fund outflows amid a rally in the domestic equity market. However, strong macroeconomic data and […]

ICICI Direct, The rupee recovered by 17 paise to close at 74.26 on Thursday on a sharp recovery in equities, softness in dollar index from higher levels• August 13, 2021 / 08:59 AM IST ICICI Direct’s currency report on USDINR Spot Currency The rupee recovered by 17 paise to close at 74.26 on Thursday on […]

Besides, fresh foreign fund inflows also supported the domestic unit, forex dealers said. The Indian rupee appreciated 17 paise to 74.27 against the US dollar in opening trade on Thursday, following a positive trend in domestic equities and weak American currency. Besides, fresh foreign fund inflows also supported the domestic unit, forex dealers said. At […]

ICICI Direct, The rupee extended losses for a third straight session on Wednesday and fell by 1 paise to end at 74.42 amid weakness in most Asian currencies • August 12, 2021 / 09:16 AM IST ICICI Direct’s currency report on USDINR Spot Currency The rupee extended losses for a third straight session on Wednesday […]

At the interbank foreign exchange, the rupee opened at 74.43 against the dollar, then inched 4 paise higher to 74.39. 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, […]

ICICI Direct, The rupee extended losses for a second straight session on Tuesday and fell by 16 paise to end at 74.42 on the back of a strong recovery in the Dollar index• August 11, 2021 / 08:46 AM IST ICICI Direct’s currency report on USDINR Spot Currency The rupee extended losses for a second […]

On the options front, the USDINR has significant open interest at 74.25 Put strike. It suggests that USDINR is likely to consolidate above 74.25 levels, says ICICI Dierct. Indian rupee ended 17 paise lower at 74.43, amid volatile trade saw in the domestic equity market. It opened 15 paise lower at 74.41 per dollar against […]

On the options front, the USDINR has significant open interest at 74.25 Put strike. It suggests that USDINR is likely to consolidate above 74.25 levels, says ICICI Dierct. Indian rupee is trading lower at 74.41, amid volatile trade seen in the domestic equity market. It opened 15 paise lower at 74.41 per dollar against previous […]

At the interbank foreign exchange, the rupee opened on a weak note at 74.40 against the dollar, then fell further to 74.46, registering a fall of 20 paise over its previous close. The Indian rupee depreciated 20 paise to 74.46 against the US dollar in opening trade on Tuesday, tracking the firm American currency. At […]

ICICI Direct, The rupee snapped its five day winning streak on Monday, closing 11 paise lower at 74.26 on the back of recovery in US dollar index• August 10, 2021 / 08:53 AM IST ICICI Direct’s currency report on USDINR Spot Currency The rupee snapped its five day winning streak on Monday, closing 11 paise […]

At the interbank foreign exchange market, the domestic currency opened at 74.21 against the American currency and slipped further to close at 74.26, registering a decline of 11 paise over its previous close. PTI August 09, 2021 / 04:29 PM IST Halting its five-session winning run, the rupee on Monday declined by 11 paise to […]

USDINR to witness a range bound movement between 74.20 and 74.50 levels in coming sessions, said ICICI Direct. Indian rupee ended lower at 74.26 per dollar, amid buying saw in the domestic equity market. It opened lower at 74.22 per dollar against Friday’s close of 74.15 and traded in the range of 74.21-74.29. At close, […]

USDINR to witness a range bound movement between 74.20 and 74.50 levels in coming sessions, said ICICI Direct. Indian rupee is trading lower at 74.22 per dollar, amid buying seen in the domestic equity market. It opened lower at 74.22 per dollar against Friday’s close of 74.15. The Sensex was up 162.73 points or 0.30% […]

ICICI Direct, After the announcement of RBI’s monetary policy, the rupee strengthened for a fifth straight session on Friday, closing 1 paise higher at 74.16• August 09, 2021 / 09:17 AM IST ICICI Direct’s currency report on USDINR Spot Currency After the announcement of RBI’s monetary policy, the rupee strengthened for a fifth straight session […]

At the interbank forex market, the rupee opened at 74.11 and hit an intra-day high of 74.10 and a low of 74.22. PTI August 06, 2021 / 04:44 PM IST The rupee inched 2 paise higher to close at 74.15 (provisional) against the US currency, marking its fifth straight session of gains on Friday, after […]

Bias continues to be downward in USDINR. We expect a range of 73.70-74.40 range over the near term, said Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities. Indian rupee ended flat at 74.15 per dollar, amid selling saw in the domestic equity market after the Reserve Bank of India (RBI) has kept the […]

Bias continues to be downward in USDINR. We expect a range of 73.70-74.40 range over the near term, said Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities. Indian rupee is trading flat at 74.16 per dollar, amid volatile trade seen in the domestic equity market after the Reserve Bank of India (RBI) […]

ICICI Direct, The rupee strengthened for a fourth straight session on Thursday, closing 2 paise higher at 74.16 amid a rally in equities • August 06, 2021 / 08:50 AM IST Spot Currency The rupee strengthened for a fourth straight session on Thursday, closing 2 paise higher at 74.16 amid a rally in equities • […]

At the interbank forex market, the rupee opened at 74.15 and hit an intra-day low of 74.28. PTI August 05, 2021 / 04:19 PM IST The rupee settled for the day on a flat note and inched 2 paise higher to close at 74.17 (provisional) against the US currency, marking the fourth straight session of […]

The rupee is likely to trade between the level of 74.20 and 74.70 ahead of RBI’s monetary policy, said ICICI Direct. Indian rupee ended flat at 74.17 per dollar, amid buying saw in the domestic equity market. It opened flat at 74.16 per dollar against previous close of 74.18 and traded in the range of […]