Author: Currencies

ICICI Direct, The US dollar slipped yesterday amid a decline in US treasury yields. Further, investors are worried that the Fed may tighten monetary policy too much, hurting the economy. December 08, 2022 / 09:50 AM IST Representative image ICICI Direct’s currency report on USDINR The US dollar slipped yesterday amid a decline in US […]

The battered Indian rupee will not recoup most of its recent losses over the coming year thanks to a persistent current account deficit and a central bank nearing the end of its rate-hiking cycle, a Reuters poll found. A widening trade deficit driven by rising oil prices along with expectations for a prolonged U.S. Federal […]

ICICI Direct, The pound depreciated yesterday mainly on the back of a strong dollar and weak global market sentiments. December 07, 2022 / 10:29 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound depreciated yesterday mainly on the back of a strong dollar and weak global market sentiments. Further, the sterling slipped […]

Shaktikanta Das says the story of the Indian rupee is one of resilience and stability and “we will continue to act for an orderly evolution of exchange rate” Representative image RBI governor Shaktikanta Das, in a press conference after the monetary policy committee (MPC) meeting, said on Wednesday that the central bank will continue to […]

Rupee should be allowed to find its level, said RBI Governor Shaktikanta Das December 07, 2022 / 11:42 AM IST Representative image The Indian rupee has appreciated by 3.2 percent during April-October in real terms, while other major currencies have depreciated, said Reserve Bank of India governor Shaktikanta Das in his monetary policy address on […]

The Reserve Bank of India’s (RBI) policy decision is due shortly after the open. The Indian rupee is expected to open higher against the dollar on Wednesday after oil prices tumbled on concerns over the demand outlook. The Reserve Bank of India’s (RBI) policy decision is due shortly after the open. The rupee is likely […]

Representative image The rupee declined by 76 paise to close at 82.61 against the US dollar on Tuesday due to heavy selling pressure in domestic equities and rising crude prices in the overseas markets. In addition, investors remained concerned over continued foreign capital outflows ahead of the RBI’s policy announcement on Wednesday, forex dealers said. […]

ICICI Direct, The Euro slipped yesterday mainly on the back of strong dollar and risk aversion in global markets. December 06, 2022 / 09:14 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro slipped yesterday mainly on the back of strong dollar and risk aversion in global markets. Additionally, disappointing economic data […]

The rupee pared its initial gains to settle down by 52 paise at a nearly two-week low of 81.85 against the US dollar on Monday weighed down by weak domestic markets, forex outflows and a rise in crude oil prices. Forex traders said a weak dollar in the overseas market cushioned the downside for the […]

The Finance Ministry building situated in North Block, New Delhi The finance ministry on Monday had a comprehensive review meeting with CEOs of banks including top six private sector lenders and discussed ways to promote cross-border trade in rupee. Besides, sources said, the meeting was also attended by other stakeholders, including senior officials of external […]

The rupee pared its initial gains to settle down by 47 paise at 81.80 (provisional) against the US dollar on Monday weighed down by weak domestic markets and rise in crude oil prices. Forex traders said a weak dollar in the overseas market cushioned the downside for the local unit. At the interbank foreign exchange […]

#1. Bankers expect a smaller rate hike of 35 basis points or less this week There is likely to be a smaller interest rate increase by the Reserve Bank of India this week, bankers said. Nine out of 10 banks polled by Economic Times expect the central bank to hike rates by 0.35 of a […]

ICICI Direct, The Euro edged up on Friday mainly on the back of weakness in the dollar and optimistic domestic market sentiments. December 05, 2022 / 09:32 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro edged up on Friday mainly on the back of weakness in the dollar and optimistic domestic […]

The Indian rupee is expected to stay on the weaker side of 81 per dollar, while bond yields will remain rangebound until the Reserve Bank of India’s (RBI) monetary policy decision on Wednesday when yet another interest rate hike is widely expected. The rupee ended up 0.45% last week at 81.3175 per dollar but underperformed […]

ICICI Direct, US dollar slipped yesterday amid decline in US treasury yields. December 02, 2022 / 09:05 AM IST Representative image ICICI Direct’s currency report on USDINR US dollar slipped yesterday amid decline in US treasury yields. Further, Core PCE Price index showed that the inflation moderated in October adding to expectations that Fed may […]

The rupee appreciated by 4 paise to close at 81.26 against the US dollar on Thursday on broad dollar weakness after Federal Reserve Chairman Jerome Powell pointed towards slower interest rate hikes. Forex traders said a fall in crude oil and a rally in domestic equities boosted investor sentiments while foreign fund outflows capped the […]

ICICI Direct, Euro advanced yesterday amid weakness in dollar and rise in risk appetite in the global markets. December 01, 2022 / 09:19 AM IST Representative image ICICI Direct’s currency report on EURINR Euro advanced yesterday amid weakness in dollar and rise in risk appetite in the global markets. In the meantime, inflation in Euro […]