Author: Currencies

The Indian currency market will remain closed on February 19 on account of Chatrapati Shivaji Maharaj Jayanti. On February 18, the rupee ended 10 paise higher at 72.65 per dollar against Wednesday’s close of 72.75. “This truncated week the USDINR spot remained quiet. The focus will return to prospects of US stimulus and its impact on […]

Dollar index moving higher provided support to the USDINR pair but we feel upsides could be limited in the pair, said ICICIdirect. Indian rupee gained 10 paise and ended at day’s high at 72.65 per dollar, amid selling saw in the domestic equity market. It opened flat at 72.76 per dollar against Wednesday’s close of 72.75 […]

At the interbank foreign exchange market, the domestic unit opened lower at 72.76 tracking selloff in domestic equities. PTI February 18, 2021 / 04:28 PM IST Representative photo The rupee pared its initial losses to settle higher by 9 paise at 72.65 (provisional) against the US dollar on Thursday following losses in the American currency […]

Dollar index moving higher provided support to the USDINR pair but we feel upsides could be limited in the pair, said ICICIdirect. Indian rupee is trading marginally higher at 72.69 per dollar, amid selling seen in the domestic equity market. It opened flat at 72.76 per dollar against Wednesday’s close of 72.75. At 15:05 IST, the […]

Dollar index moving higher provided support to the USDINR pair but we feel upsides could be limited in the pair, said ICICIdirect. Indian rupee is trading flat at 72.73 per dollar, amid selling seen in the domestic equity market. It opened flat at 72.76 per dollar against Wednesday’s close of 72.75. At 12:39 IST, the Sensex […]

ICICI Direct, Amid losses in the domestic market, the rupee slipped 6 paise and closed at 72.74 levels. February 18, 2021 / 09:27 AM IST ICICI Direct’s currency report on USDINR Spot Currency Amid losses in the domestic market, the rupee slipped 6 paise and closed at 72.74 levels. The Fed meeting outcome could trigger […]

Going ahead 72.50 will keep acting at base resistance whereas 72.85-72.95 as support, says Jateen Trivedi, Senior Research Analyst at LKP Securities. Indian rupee erased early losses but ended marginally lower at 72.75 per dollar, amid selling saw in the domestic equity market. It opened 23 paise lower at 72.92 per dollar against previous close […]

ICICI Direct, After some intraday volatility and support at lower levels, the rupee ended almost flat. February 17, 2021 / 09:27 AM IST ICICI Direct’s currency report on USDINR Spot Currency After some intraday volatility and support at lower levels, the rupee ended almost flat. Sell-off in equities and elevated crude oil prices are likely […]

Going ahead 72.50 will keep acting at base resistance whereas 72.85-72.95 as support, says Jateen Trivedi, Senior Research Analyst at LKP Securities. Indian rupee has erased some of the early losses but still trading lower at 72.82 per dollar, amid selling seen in the domestic equity market. It opened 23 paise lower at 72.92 per […]

Niranjan Avasthi The coronavirus pandemic has led to seismic shifts in the worldwide investment landscape, with lockdowns to control the spread of the virus leading to a widespread economic slowdown. Central banks across countries are proactively boosting systemic liquidity in a bid to promote spending and subsequent economic growth. However, the liquidity surplus is leading to […]

At the interbank forex market, the local unit opened at 72.64 against the greenback and witnessed an intra-day high of 72.63 and a low of 72.85. PTI February 16, 2021 / 04:24 PM IST Representative photo The Indian rupee settled just 1 paisa lower at 72.69 (provisional) against the US dollar on Tuesday amid a […]

The appreciation trend for the rupee is likely to continue towards 72.50 from where some bounce can be expected, says ICICI direct. Indian rupee ended flat at 72.69 per dollar, amid volatile trade saw in the domestic equity market. It opened marginally higher at 72.65 per dollar versus Monday’s close of 72.69 and traded in the range […]

The appreciation trend for the rupee is likely to continue towards 72.50 from where some bounce can be expected, says ICICI direct. Representative image Indian rupee is trading flat at 72.71 per dollar, amid buying seen in the domestic equity market. It opened marginally higher at 72.65 per dollar versus Monday’s close of 72.69. At […]

ICICI Direct, The rupee continued its appreciation and closed at 72.68 gaining almost 7 paisa in the last session. February 16, 2021 / 09:25 AM IST Image: Reuters ICICI Direct’s currency report on USDINR Spot Currency The rupee continued its appreciation and closed at 72.68 gaining almost 7 paisa in the last session. Weakness in […]

We expect USDINR Spot to trade sideways with negative with 72.65/72.50 being key support zone below which next support is at 72.30, says Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services. Indian rupee erased all the intraday gains and ended at day’s low at 72.69 per dollar, amid buying saw in the domestic equity […]

rupee The rupee gained 7 paise to settle at 72.68 (provisional) against the US dollar on Monday supported by positive macroeconomic data and a firm trend in domestic equities. At the interbank forex market, the local unit opened at 72.61 against the greenback and witnessed an intra-day high of 72.57 and a low of 72.69. […]

We expect USDINR Spot to trade sideways with negative with 72.65/72.50 being key support zone below which next support is at 72.30, says Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services. Indian rupee is trading 16 paise higher at 72.59 per dollar, amid buying seen in the domestic equity market. It opened 14 paise […]

ICICI Direct, The rupee appreciated sharply and moved to an 11-month high against the US dollar in the last session. February 15, 2021 / 09:02 AM IST ICICI Direct’s currency report on USDINR Spot Currency The rupee appreciated sharply and moved to an 11-month high against the US dollar in the last session. Continued positive […]

We expect USDINR Spot to trade sideways with negative with 72.65/72.50 being key support zone below which next support is at 72.30, says Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services. Indian rupee opened 14 paise higher at 72.61 per dollar on Monday against previous close of 72.75, amid buying seen in the domestic […]

We believe that the rupee is moving towards 72.50 levels gradually in coming sessions, says ICICIdirect. Indian rupee ended 11 paise higher at 72.75 per dollar, amid volatile trade witnessed in the domestic equity market. It opened higher at 72.81 per dollar against previous close of 72.86 and traded in the range of 72.73-72.83. At close, the […]