Author: Currencies

ICICI Direct, The rupee depreciated in the second half of the session and closed above 75 level once again. April 22, 2021 / 09:36 AM IST ICICI Direct’s currency report on USDINR Spot Currency The rupee depreciated in the second half of the session and closed above 75 level once again. There were fears that […]

With few days still to go, April 2021 has become quite a game-changer for India. There were waves of volatility in the financial markets, with the Indian rupee weakening by more than 1.5 percent. The Sensex and the Nifty, too, have plunged by almost 4.5 to 3.3 percent, respectively, in the month. The US dollar […]

ICICI Direct, On the back of rising Covid-19 cases and expected lockdown in states, the rupee depreciated and moved towards 75 levels in intraday. April 20, 2021 / 09:13 AM IST ICICI Direct’s currency report on USDINR Spot Currency On the back of rising Covid-19 cases and expected lockdown in states, the rupee depreciated and […]

The weakness in dollar and Fed’s willingness to tolerate more inflation will keep the USDINR spot lower and we expect it to trade in between 74-75.50 this week, says Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. Indian rupee ended lower by 52 paise at 74.87 per dollar, amid Indian benchmark indices shed over […]

The weakness in dollar and Fed’s willingness to tolerate more inflation will keep the USDINR spot lower and we expect it to trade in between 74-75.50 this week, says Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. Indian rupee has extended the early losses and trading near the day’s low at 74.90 per dollar, amid […]

ICICI Direct, The rupee appreciated as the dollar index started weakening once again. April 19, 2021 / 09:04 AM IST ICICI Direct’s currency report on USDINR Spot Currency The rupee appreciated as the dollar index started weakening once again. The rupee closed near 74.35 levels, appreciating almost 57 paisa in spot • The dollar slipped […]

The rising COVID-19 cases has added worries in India especially in the month of April. Earlier, till March, Indian economic recovery was seen to be more certain. The International Monetary Fund (IMF) has stated that India’s debt-to-GDP ratio increased to 90 percent from 74 percent during the COVID-19 pandemic. The agency expects the debt ratio […]

Going ahead rupee can be seen in a range of 74.70-75.30, says Jateen Trivedi, Senior Research Analyst at LKP Securities. Rupee Indian rupee extended the early gains and ended near the day’s high at 74.35 per dollar, amid buying saw in the domestic equity market. It opened higher by 13 paise at 74.79 per dollar […]

At the interbank forex market, the local unit opened at 74.76 against the greenback and witnessed an intra-day high of 74.28 and a low of 74.76. PTI April 16, 2021 / 04:55 PM IST The rupee strengthened by 58 paise to end at 74.35 (provisional) against the US dollar on Friday, supported by positive domestic […]

Rupee Indian rupee extended the early gains and trading near the day’s high level at 74.52 per dollar, amid buying seen in the domestic equity market It opened higher by 13 paise at 74.79 per dollar against Thursday’s close of 74.92. The Sensex was up 223.43 points or 0.46% at 49027.11, and the Nifty was […]

ICICI Direct, The rupee weakness continued, ending around 75 level against the dollar for the first time in eight months. April 16, 2021 / 08:45 AM IST ICICI Direct’s currency report on USDINR Spot Currency The rupee weakness continued, ending around 75 level against the dollar for the first time in eight months. The depreciation […]

ICICI Direct, The rupee fell further and made a new one year low as it violated 75 levels. April 15, 2021 / 09:36 AM IST Source: Shutterstock ICICI Direct’s currency report on USDINR Spot Currency The rupee fell further and made a new one year low as it violated 75 levels. Pandemic induced lockdown and […]

A lot has changed in one week and it feels like history is repeating itself. After trading in a lacklustre zone, the Indian rupee suddenly depreciated to 75.32, a level last seen in June 2020. Since the beginning of this year, the rupee has weakened nearly 3.1 percent. Usually exogenous factors flash red for the […]

On April 12, Indian rupee ended 31 paise lower at 75.05 per dollar. Representational image: Shutterstock Indian currency market will remain shut for the next two days (April 13 and April 14) on account of Gudhipadwa and Dr Baba Saheb Ambedkar Jayanti. On April 12, Indian rupee ended lower at 75.05 per dollar against Friday’s […]

In USDINR spot RBI is seen intervening in the spot around 74.95 zone, so we can expect the spot to trade within 74.25-75.25, says Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. Indian rupee has recovered from the day’s low but ended 31 paise lower at 75.05 per dollar, amid weakness saw in the […]

One week back there were concerns about the Reserve Bank of India (RBI) buying dollars in the forward market to stem the appreciation in the rupee. Markets were concerned about excess liquidity coming into the system and heaved a sigh of relief as the RBI turned towards the forwards and not spot market. But post RBI […]

Representational image: Shutterstock The Indian Rupee plunged  below 75 against the US dollar on Monday to an eight-month low, while the benchmark equity index, Sensex, lost 1700 points. The Rupee later recovered from the intra-day low but still trading lower by 15 paise at 74.89 per dollar. It has fallen over 2 percent on a year-to-date […]

In USDINR spot RBI is seen intervening in the spot around 74.95 zone, so we can expect the spot to trade within 74.25-75.25, says Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. Indian rupee has recovered from the day’s low but still trading lower by 21 paise at 74.95 per dollar, amid weakness seen […]

In USDINR spot RBI is seen intervening in the spot around 74.95 zone, so we can expect the spot to trade within 74.25-75.25, says Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. Indian rupee extended the early fall and trading near the day’s low level at 75.09 per dollar, amid weakness seen in the […]

ICICI Direct, The rupee fell to an eight-month low against the US dollar on Friday, on the back of the Reserve Bank of India’s substantial bond buying programme amid inflationary worries April 12, 2021 / 08:48 AM IST ICICI Direct’s currency report on  Spot Currency The rupee fell to an eight-month low against the US […]