Author: Currencies

ICICI Direct feel a marginal retracement towards 73 levels could be possible in the USDINR pair. Indian rupee ended 19 paise lower at 73.30 per dollar, amid selling saw in the domestic equity market on the back of worries over rising COVID-19 cases in India. It opened lower at 73.44 per dollar against Wednesday’s close […]

ICICI Direct feel a marginal retracement towards 73 levels could be possible in the USDINR pair. Indian rupee is trading 30 paise lower at 73.41 per dollar, amid selling seen in the domestic equity market on the back of worries over rising COVID-19 cases in India. It opened lower at 73.44 per dollar against Wednesday’s close […]

ICICI Direct feel a marginal retracement towards 73 levels could be possible in the USDINR pair. Indian rupee is trading 30 paise lower at 73.41 per dollar, amid selling seen in the domestic equity market on the back of worries over rising COVID-19 cases in India. It opened lower at 73.44 per dollar against Wednesday’s close […]

ICICI Direct, After depreciating sharply in the past few sessions, some breather was seen for the rupee as it appreciated almost 28 paise. In the last trading session, the rupee ended near 73.1 levels • April 05, 2021 / 09:52 AM IST Representative image ICICI Direct’s currency report on USDINR Spot Currency After depreciating sharply […]

The Indian rupee was the worst-performing Asian currency in CY20 (-2.4%) as the Reserve Bank of India used the phase of USD weakness to absorb inflows, accumulate reserves and correct rupee overvaluation. For FY21, rupee has appreciated 3.3 percent which is much lower when compared to appreciation seen in other Asian currencies. The 3-month implied […]

On March 31, Indian rupee ended near the day’s high at 73.11 per dollar versus Tuesday’s close of 73.38. Indian currency market will remain shut on April 1 on account of annual bank closing. On March 31, Indian rupee ended near the day’s high at 73.11 per dollar versus Tuesday’s close of 73.38. However, Indian equity […]

A move above 74.10 may trigger a further pullback in the currency pair, says ICICI Direct. Image: Shutterstock Indian rupee has erased early losses and ended near the day’s high at 73.11 per dollar, amid selling saw in the domestic equity market. It opened 21 paise lower at 73.59 per dollar versus Tuesday’s close of […]

ICICI Direct, The rupee depreciated sharply in the last session and closed above 73 levels despite positive movement in equities. March 31, 2021 / 09:16 AM IST Source: Shutterstock ICICI Direct’s currency report on USDINR Spot Currency The rupee depreciated sharply in the last session and closed above 73 levels despite positive movement in equities. […]

A move above 74.10 may trigger a further pullback in the currency pair, says ICICI Direct. Image: Shutterstock Indian rupee has erased some of the early losses but still trading lower by 11 paise at 73.49 per dollar, amid selling seen in the domestic equity market. It opened 21 paise lower at 73.59 per dollar […]

A move above 74.10 may trigger a further pullback in the currency pair, says ICICI Direct. Image: Shutterstock Indian rupee slipped in the early trade on March 31. It opened 21 paise lower at 73.59 per dollar versus Tuesday’s close of 73.38, amid selling seen in the domestic equity market. On March 30, Indian rupee […]

Representative image The rupee slumped by 87 paise to close at 73.38 (provisional) against the US currency on Tuesday as rising crude oil prices and a strong American currency weighed on investor sentiment. At the interbank forex market, the local unit opened at 72.85 against the greenback and traded in the range of 72.77-73.47 during […]

The lockdown in Europe and upbeat US data will limit any fall in USDINR spot. Thus we expect the spot to trade within 72.20-72.80, says Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. Indian rupee extended the early losses and ended near the day’s low level at 73.38 per dollar, amid buying seen […]

The lockdown in Europe and upbeat US data will limit any fall in USDINR spot. Thus we expect the spot to trade within 72.20-72.80, says Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. Indian rupee has extended the early losses and trading at day’s low level at 73.14 per dollar, amid buying seen […]

The Indian rupee has logged over 4 percent gain so far this fiscal, as sustained foreign fund inflows and the RBI’s deft policy manoeuvring ensured a strong year for the Indian currency despite headwinds on the economic front, according to experts. The local unit is likely to average around 73.50-74 in the financial year 2021-22, […]

Representative image The rupee snapped its three-day losing streak and closed 11 paise higher at 72.51 (provisional) against the US dollar on Friday, supported by positive domestic equities and weakening of the American currency in the overseas market. At the interbank forex market, the local unit opened at 72.51 against the greenback and witnessed an […]

Going ahead rupee will be range-bound between 72.40-72.75, says Jateen Trivedi, Senior Research Analyst at LKP Securities. Representative image Indian rupee ended higher by 11 paise at 72.51 per dollar, amid buying saw in the domestic equity market. It opened 10 paise higher at 72.52 per dollar against Thursday’s close of 72.62 and traded in the […]

Going ahead rupee will be range-bound between 72.40-72.75, says Jateen Trivedi, Senior Research Analyst at LKP Securities. Representative image Indian rupee extended the early gains and trading at the day’s high at 72.42 per dollar, amid buying seen in the domestic equity market. It opened 10 paise higher at 72.52 per dollar against Thursday’s close […]

ICICI Direct, The rupee depreciated by another 6 paise in the last session as pressure on domestic equities continued. March 26, 2021 / 08:51 AM IST Representative image ICICI Direct’s currency report on USDINR Spot Currency The rupee depreciated by another 6 paise in the last session as pressure on domestic equities continued. Globally also, […]

The dollar hit a fresh four-month high to the euro on Thursday as the U.S. pandemic response continued to outpace Europe’s, which has been hobbled by extended lockdowns and delayed vaccine rollouts. Indian rupee ended lower at 72.62, amid selling saw in the domestic equity market. It opened 13 paise lower at 72.69 per dollar against […]