Author: Currencies

ICICI Direct, The US dollar declined by 1.17% on Friday after data showed easing wage growth and contraction in the service sector. January 09, 2023 / 09:43 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar declined by 1.17% on Friday after data showed easing wage growth and contraction in the […]

With the era of easy money at an end, who will be the winners and losers — and can we expect any blue birds? Representative image Talking to leaders these days in any walk of life, I have a sense that people are frozen. They see that inflation is back in a serious way for […]

Indian Rupee A budget that accelerates fiscal consolidation would give more support to the Indian rupee in the near term, according to a Reuters poll of FX analysts who forecast the currency would erase a fifth of last year’s losses over the next 12 months. A sell-off in emerging markets and a widening fiscal and […]

ICICI Direct, The pound depreciated by 1.25% yesterday amid a bounce back in the dollar and risk aversion in global markets. January 06, 2023 / 10:05 AM IST ICICI Direct’s currency report on GBPINR The pound depreciated by 1.25% yesterday amid a bounce back in the dollar and risk aversion in global markets. Further, disappointing […]

The rupee last traded at 82.5550 to the dollar, up from 82.8025 in the previous session. Reuters January 05, 2023 / 03:49 PM IST The Indian rupee rose against the dollar on Thursday, buoyed by an uptick in most Asian currencies and a further decline in oil prices. The rupee last traded at 82.5550 to […]

ICICI Direct, The US dollar slipped by 0.4% yesterday after US FOMC meeting minutes failed to provide any new information about the size of its expected rate hike in the upcoming meeting. January 05, 2023 / 10:28 AM IST Indian Rupee ICICI Direct’s currency report on USDINR The US dollar slipped by 0.4% yesterday after […]

The rupee has been tethered to a 82.40 to 82.94 range since Dec. 12, thanks to suspected intervention by the Reserve Bank of India and persistent demand for dollars. Reuters January 05, 2023 / 06:39 AM IST Indian Rupee The Indian rupee’s narrow trading range against the dollar over the last three weeks may set […]

ICICI Direct, The Euro depreciated by 1.11% yesterday mainly on the back of a strong dollar. January 04, 2023 / 01:06 PM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated by 1.11% yesterday mainly on the back of a strong dollar. Further, the Euro slipped after German inflation data showed that […]

At the interbank foreign exchange market, the rupee opened on a positive note at 82.69 against the greenback, but pared the gains and fell to an intra-day low of 82.92. PTI January 03, 2023 / 03:56 PM IST The rupee pared initial gains and settled 8 paise lower at 82.86 (provisional) against the US dollar […]

ICICI Direct, The Euro depreciated by 0.32% yesterday as the euro area manufacturing PMI data showed that activity in the sector contracted for a sixth consecutive month. January 03, 2023 / 09:37 AM IST Total expenditure in April-Nov was Rs 24.42 lakh crore, or 61.9% of the budget estimate ICICI Direct’s currency report on EURINR […]

ICICI Direct, The US dollar declined further on Friday amid expectations that the US Fed will slow the pace of interest rate hikes. January 02, 2023 / 10:30 AM IST Total expenditure in April-Nov was Rs 24.42 lakh crore, or 61.9% of the budget estimate ICICI Direct’s currency report on USDINR The US dollar declined […]

ICICI Direct, The Euro appreciated by 0.47% yesterday, mainly on the back of weakness in the dollar and optimistic global market sentiments. December 30, 2022 / 10:24 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro appreciated by 0.47% yesterday, mainly on the back of weakness in the dollar and optimistic global […]

 The Indian rupee has risen against several developed and emerging market currencies which is not favourable for a country that runs a current account deficit, according to Montek Singh Ahluwalia, the former deputy chairman of the erstwhile planning commission. “Anyone who says the rupee has depreciated and implies that the rupee should not have depreciated […]

ICICI Direct, The Euro depreciated by 0.25% yesterday on the back of a strong dollar and pessimistic global market sentiments. December 29, 2022 / 10:58 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro depreciated by 0.25% yesterday on the back of a strong dollar and pessimistic global market sentiments. However, sharp […]

The rupee ended largely unchanged at 82.8575 per dollar. It fell up to 82.9225 during the session, though moved in a narrow 10-paisa range. Reuters December 28, 2022 / 03:58 PM IST The rupee recovered from mild losses to close flat on Wednesday as exporters likely sold dollars, dealers said, in a low-volume session, while […]

ICICI Direct, In the past few days, the dollar has been moving in a tight range ahead of holidays and thin trading volume. December 27, 2022 / 10:14 AM IST Representative image ICICI Direct’s currency report on USDINR In the past few days, the dollar has been moving in a tight range ahead of holidays […]

The currency had notched its best trading day in about two weeks on Monday when the domestic cash dollar market was shut. Reuters December 27, 2022 / 04:10 PM IST The Indian rupee declined on Tuesday, surrendering the strong gains of the previous session, as importers bought dollars and traders ignored the largely positive sentiment […]

ICICI Direct, The US dollar slipped on Friday amid a rise in risk appetite in global markets. December 26, 2022 / 09:42 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar slipped on Friday amid a rise in risk appetite in global markets. Market sentiments improved after data showed inflation is […]