Author: Currencies

Analysts said investors are concerned that strong US economic data will lead the Federal Reserve to double down on its interest rate hikes to control inflation. PTI December 23, 2022 / 05:08 PM IST Representative image The rupee declined by 7 paise to close at 82.86 (provisional) against the US dollar on Friday due to […]

The currency is likely to revive in the second half of 2023 to close the year at 80 to the dollar and rise further to 78 by the end 2024, according to estimates by Capital Economics The rupee seems to be set for a period of extreme volatility – from deep into the red of 85 […]

ICICI Direct, The Euro slipped by 0.13% yesterday, mainly on the back of risk aversion in global markets and a strong dollar. December 23, 2022 / 10:16 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro slipped by 0.13% yesterday, mainly on the back of risk aversion in global markets and a […]

The currency is likely to revive in the second half of 2023 to close the year at 80 to the dollar and rise further to 78 by the end 2024, according to estimates by Capital Economics The rupee may sink deeper into the red and hit a record low of 85 to a dollar next […]

Losses in domestic stocks and firm crude oil prices, however, restricted the rupee’s gain, forex dealers said. PTI December 22, 2022 / 04:15 PM IST Representative image The rupee appreciated by 8 paise to close at 82.76 (provisional) against the US currency on Thursday following a weak greenback in overseas markets. Losses in domestic stocks […]

ICICI Direct, The US dollar slipped after Bank of Japan (BoJ) shocked markets with a surprise tweak to its bond yield programme. December 21, 2022 / 09:23 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar slipped after Bank of Japan (BoJ) shocked markets with a surprise tweak to its bond […]

Banks are looking at the possibility of initiating rupee trade with Bangladesh and African countries like Egypt as part of exercise to make rupee an international currency, sources said. The overseas trade in rupee would safeguard the external sector from fluctuation in the forex market.India imported goods worth USD 3,520.83 million from Egypt, of USD […]

ICICI Direct, The US dollar slipped yesterday after the US Federal Reserve raised interest rate by 50 bps as expected. December 15, 2022 / 10:13 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar slipped yesterday after the US Federal Reserve raised interest rate by 50 bps as expected. Further, officials […]

The rupee last traded at 82.46 per U.S. dollar, up from 82.8050 in the previous session. The local currency rose to near 82.40 during the session – its best since Nov. 11 – possibly helped by dollar inflows. Reuters December 14, 2022 / 03:56 PM IST Representative image The Indian rupee posted its best performance […]

At the interbank forex market, the local unit opened flat at 82.60 against the greenback and witnessed an intra-day high of 82.40 and a low of 82.71. PTI December 14, 2022 / 04:23 PM IST Representative image The rupee gained 15 paise to settle at 82.45 (provisional) against the US dollar on Wednesday, as a […]

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.15 per cent to 104.98. PTI December 13, 2022 / 04:12 PM IST Representative image The rupee declined by 36 paise to close at 82.87 (provisional) against the US dollar on Tuesday, weighed down by persistent foreign capital outflows […]

ICICI Direct, The Euro advanced marginally by 0.05% yesterday in anticipation that ECB policymakers will remain hawkish even if the region enters into a recession as headline inflation is five times the central bank’s target. December 13, 2022 / 09:18 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro advanced marginally by […]

At the interbank foreign exchange market, the rupee opened lower at 82.54 against the greenback and witnessed a high of 82.50 and a low of 82.74. PTI December 12, 2022 / 04:19 PM IST Representative image The rupee declined 25 paise to close at 82.53 (provisional) against the US dollar on Monday, pressured by a […]

ICICI Direct, US dollar rallied on Friday amid weak global market sentiments and rise in US treasury yields. December 12, 2022 / 10:22 AM IST Representative image ICICI Direct’s currency report on USDINR US dollar rallied on Friday amid weak global market sentiments and rise in US treasury yields. Further, PPI data from US stirred […]

Forex reserves rose by $ 11.02 billion to $ 561.162 billion for the week ending December 2. Representative image India’s foreign exchange reserves rose for the fourth consecutive week ending on December 2. During the week ending, forex reserves rose by $ 11.02 billion to $ 561.16 billion, according to the Weekly Statistical Supplement released by […]

Representative image The Indian rupee is expected to appreciate in the coming week due to likely corporate inflows, and easing crude oil prices and the Dollar index, dealers said. Since the start of this month, the Rupee has been a little volatile and traded in a thin range. “Inflows amounting to $ 1.1 from the […]

The Indian rupee was expected to open firmer against the dollar on Friday, amid weaker oil prices and as Asian currencies were led higher by the Chinese yuan. The rupee was seen around 82.25-82.30 per dollar in early trades, compared with its previous close of 82.42. The currency has stabilised since the Reserve Bank of […]

ICICI Direct, The US dollar slipped yesterday amid a rise in risk appetite in global markets. Further, investors were worried that higher interest rates could lead to a recession. December 09, 2022 / 09:38 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar slipped yesterday amid a rise in risk appetite […]