Author: Currencies

Forex traders said the American currency strengthened after strong US retail sales data pointed to resilient consumption adding room for tighter policy by the US Federal Reserve. PTI November 17, 2022 / 04:08 PM IST Representative image. The rupee depreciated by 37 paise to close at 81.63 (provisional) against the US dollar on Thursday, tracking […]

ICICI Direct, The Euro edged higher by 0.44% on Wednesday amid a weak US dollar. November 17, 2022 / 10:40 AM IST Last date for the submission of bids by the interested parties is December 3 (Representative image) ICICI Direct’s currency report on EURINR The Euro edged higher by 0.44% on Wednesday amid a weak […]

Representative image. The rupee’s fall may not be over despite some gains in the past few days, as India is still fighting with a higher trade deficit and inflation, forex dealers said. Apart from the domestic concern over the deficit, geopolitical uncertainty and global growth worries could put pressure on the currency, they said. “The […]

Representative image The rupee depreciated by 34 paise to close at 81.25 (provisional) against the US dollar on Wednesday on disappointing trade data and foreign fund outflows. Forex traders said a negative bias on risk aversion in global markets weighed on the local unit. At the interbank foreign exchange market, the local unit opened at […]

The rupee declined 0.25% to 81.2975 per dollar. It has shed nearly a percent from its high of 80.51 on Monday, with volatility gripping markets this week. PTI November 16, 2022 / 03:59 PM IST dollar_rupee_190_30431389 The Indian rupee weakened on Wednesday as sustained corporate demand pushed the U.S. dollar up, while weakness in Asian […]

ICICI Direct, The pound edged higher by almost 1.00% and hit a three-month high on Tuesday amid a weak US dollar. November 16, 2022 / 09:17 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound edged higher by almost 1.00% and hit a three-month high on Tuesday amid a weak US dollar. […]

The Indian rupee could end the year higher than earlier forecast, according to a few analysts who have reviewed their calls based on sliding dollar and improving outlook on Asian currencies following the U.S. inflation data. The rupee, on the back of the softer-than-expected U.S. inflation data, hit a seven-week high of 80.52 per dollar […]

ICICI Direct, The Euro fell almost 0.20% yesterday amid an uptick in the US dollar index. However, a sharp downside was cushioned on better-than-expected industrial production data from the euro area. November 15, 2022 / 09:10 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro fell almost 0.20% yesterday amid an uptick […]

ICICI Direct, The pound advanced by 1.00% on Friday amid a decline in the dollar. Further, the pound was supported by stronger than expected economic data from Britain. November 14, 2022 / 09:11 AM IST (Representational image) ICICI Direct’s currency report on GBPINR The pound advanced by 1.00% on Friday amid a decline in the […]

[Representative image] Here is a collection of the most important stories this evening: Facebook parent Meta sacks over 11,000 employees Meta Platforms Inc, the parent entity of social media platform Facebook, has sacked over 11,000 employees and is set to extend the freeze it has imposed on new hiring. This is 13 percent of the […]

ICICI Direct, The Euro slipped yesterday mainly on the back of a strong dollar and risk aversion in global markets. November 10, 2022 / 10:44 AM IST Representative image ICICI Direct’s currency report on EURINR The Euro slipped yesterday mainly on the back of a strong dollar and risk aversion in global markets. Meanwhile, sharp […]

ICICI Direct, The Euro appreciated by almost 2% on Thursday amid weak US dollar index and rise in risk appetite in domestic markets. November 11, 2022 / 09:59 AM IST Rs 56.6 lakh in cash has been recovered from the accused. (Representative image) ICICI Direct’s currency report on EURINR The Euro appreciated by almost 2% […]

Representative Image The Indian rupee appreciated more than 1.3 percent on November 11 morning, its biggest jump in four years, tracking gains in Asian peers after softer-than-expected US consumer price inflation boosted the odds of a slower rate hike by the Federal Reserve. The domestic currency opened and touched a high of 80.69 a dollar. […]

Forex traders said positive domestic equities and sustained foreign fund inflows also supported the local unit PTI November 11, 2022 / 04:19 PM IST Representative image. The rupee appreciated by 62 paise to close at 80.78 (provisional) against the US dollar on Friday, as moderating US CPI data coupled with a fall in the dollar […]

Representative Image The rupee appreciated by 62 paise to close at 80.78 against the US dollar on Friday, as moderating US inflation data coupled with a fall in the dollar index boosted investor sentiments. Forex traders said positive domestic equities and sustained foreign fund inflows also supported the local unit. At the interbank foreign exchange […]

ICICI Direct, The pound appreciated yesterday amid a weakness in dollar and rise in risk appetite in global markets. November 09, 2022 / 10:07 AM IST Representative image ICICI Direct’s currency report on GBPINR The pound appreciated yesterday amid a weakness in dollar and rise in risk appetite in global markets. Meanwhile, sharp upside in […]

Representative image. The rupee appreciated by 43 paise to close at 81.92 against the US dollar on Monday amid a weak greenback overseas and sustained foreign fund inflows. At the interbank foreign exchange market, the local unit opened at 82.14 and touched an intra-day low of 82.32 against the greenback. The local unit finally settled […]

ICICI Direct, The US dollar slipped on Friday amid a rise in risk appetite in global markets and mixed batch of economic data from country. November 07, 2022 / 09:42 AM IST Representative image. ICICI Direct’s currency report on USDINR The US dollar slipped on Friday amid a rise in risk appetite in global markets […]