Author: Currencies

Even though the day-to-day fluctuations in the dollar-rupee can be due to a plethora of factors but the big trends in the currency is caused by a handful of drivers such as foreign capital flows like FDI, FPI, debt-related flows, speculative positioning, and RBI intervention. Oil prices have risen significantly from the single-digit levels to now […]

ICICI Direct, The rupee consolidated and remained near 73 levels despite a sharp rise in the Dollar index. March 05, 2021 / 09:05 AM IST Spot Currency The rupee consolidated and remained near 73 levels despite a sharp rise in the Dollar index. We feel follow up action would take the rupee towards 73.5 levels […]

The support zone of 72.70-72.75 is very crucial and we may have to look out for RBI intervention, only a break of 72.70 will push the price towards 72.50, meanwhile 73.50 will act as a strong resistance, says Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services. Indian rupee ended higher by 53 paise at […]

At the interbank forex market, the local unit opened at 72.99 against the greenback and witnessed an intra-day high of 72.62 and a low of 72.99. PTI March 04, 2021 / 04:24 PM IST Representative image The rupee ended 11 paise lower at 72.83 (provisional) against the US dollar on Thursday, weighed down by a […]

In the short run, the dollar will be strong but in the mid to long run, the American currency will weaken and the rupee will gain on FPI inflows. Kshitij Purohit March 04, 2021 / 02:36 PM IST The domestic economy is looking good, supported by strong demand and it seems well on track to […]

The support zone of 72.70-72.75 is very crucial and we may have to look out for RBI intervention, only a break of 72.70 will push the price towards 72.50, meanwhile 73.50 will act as a strong resistance, says Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services. Indian rupee extended the early gains and trading at […]

ICICI Direct, Due to huge volatility in the Dollar index and US yields, similar actions were seen in the rupee. March 04, 2021 / 08:31 AM IST Spot Currency Due to huge volatility in the Dollar index and US yields, similar actions were seen in the rupee. However, we feel the rupee has moved towards […]

Going ahead rupee can be seen between 73.25-73.60 range for a few session, says Jateen Trivedi, Senior Research Analyst at LKP Securities. rupee Indian rupee extended gains and ended near the day’s high at 72.72 per dollar, amid buying saw in the domestic equity market for the third consecutive session on March 3. It opened […]

At the interbank forex market, the local unit opened at 73.26 against the greenback and witnessed an intra-day high of 72.71 and a low of 73.26. PTI March 03, 2021 / 04:17 PM IST Representative image The rupee strengthened by 65 paise to end at 72.72 (provisional) against the US dollar on Wednesday on the […]

The recent rise in crude oil prices has kept the Indian currency under pressure. The rupee is now above the 73 mark per US dollar. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url […]

Going ahead rupee can be seen between 73.25-73.60 range for a few session, says Jateen Trivedi, Senior Research Analyst at LKP Securities. rupee Indian rupee has extended gains and trading near the day’s high at 72.93 per dollar, amid buying seen in the domestic equity market. It opened 10 paise higher at 73.26 per dollar against […]

Going ahead rupee can be seen between 73.25-73.60 range for a few session, says Jateen Trivedi, Senior Research Analyst at LKP Securities. rupee Indian rupee has extended the early gains and trading at day’s high at 73.05 per dollar, amid buying seen in the domestic equity market. It opened 10 paise higher at 73.26 per […]

ICICI Direct, The rupee witnessed a further bounce and managed to gain almost 18 paise in the last session to close near 73.36 levels against the US dollar• March 03, 2021 / 08:43 AM IST ICICI Direct’s currency report on USDINR Spot Currency The rupee witnessed a further bounce and managed to gain almost 18 […]

At the interbank forex market, the local unit opened at 73.32 against the greenback and witnessed an intra-day high of 73.31 and a low of 73.48. PTI March 02, 2021 / 04:44 PM IST Representative image The rupee rose by 18 paise to end at 73.37 (provisional) against the US dollar on Tuesday, supported by […]

ICICI Direct, After tumbling sharply, the rupee witnessed some bounce and managed to gain almost 8 paise. March 02, 2021 / 09:06 AM IST Representative image: Reuters ICICI Direct’s currency report on USDINR Spot Currency After tumbling sharply, the rupee witnessed some bounce and managed to gain almost 8 paise. It ended near 73.54 levels […]

As the Dollar index is sustaining near 91 levels, we feel weakness could continue and the USDINR may head towards 74 levels, said ICICIdirect. Representative image Indian rupee ended 19 paise higher at 73.36 per dollar, amid buying saw in the domestic equity market for the second consecutive day. It opened 20 paise higher at […]

As the Dollar index is sustaining near 91 levels, we feel weakness could continue and the USDINR may head towards 74 levels, said ICICIdirect. Representative image Indian rupee is trading higher at 73.42 per dollar, amid buying seen in the domestic equity market. It opened 20 paise higher at 73.35 per dollar against Monday’s close […]

As the Dollar index is sustaining near 91 levels, we feel weakness could continue and the USDINR may head towards 74 levels, said ICICIdirect. Representative image Indian rupee opened 20 paise higher at 73.35 per dollar on Tuesday against Monday’s close of 73.55, amid buying seen in the domestic equity market. On March 1, Indian […]

At the interbank forex market, the local unit opened at 73.76 against the greenback and witnessed an intra-day high of 73.19 and a low of 73.76. PTI March 01, 2021 / 04:07 PM IST Representative image The rupee ended 8 paise lower at 73.55 (provisional) against the US dollar on Monday, weighed down by a […]

We expect the local currency to stay in the 72.40 to 73.50 band in the near term, says Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking. rupee Indian rupee recovered the early losses but ended marginally lower at 73.55 per dollar, amid buying saw in the domestic equity market. It opened 31 paise lower at […]