December 4, 2023 New Delhi, India India and US In a significant geopolitical move, India and the United States are exploring a collaborative effort to implement development projects in the strategically vital Pacific Islands. This initiative comes in response to the escalating influence of China in the region, raising concerns about its economic, military, and…
September 2, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) lost ground on Monday, snapping a two-day winning streak during the early European session. The currency’s decline was driven by stronger USD demand, as the INR became the second-worst-performing Asian currency in August, primarily due to state-run banks’ robust USD buying. Key Market…
August 28, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) continued to face selling pressure on Wednesday’s Asian session, weighed down by weakness in other Asian currencies and increased month-end demand for the US Dollar (USD) from importers. Despite these headwinds, the local currency found some support from positive domestic markets and recent…
August 27, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) traded on a weaker note during Tuesday’s early European session. The local currency faced pressure from month-end demand for the US Dollar (USD) by local banks and corporations, as well as a surge in crude oil prices, which typically weigh on the INR….
August 26, 2024 New Delhi, India ECOS (India) Mobility IPO The ECOS (India) Mobility IPO, a Mainline Initial Public Offering (IPO), is set to open for subscription on August 28, 2024, and will remain open until August 30, 2024. The IPO aims to raise ₹601.20 crore through a 100% offer for sale (OFS) of 1.8…
July 31, 2024 New Delhi, India Ceigall India IPO Begins Subscription from August 1 The initial public offering (IPO) of Ceigall India is set to open for subscription on Thursday, August 1, and will close on Monday, August 5. The price band for the IPO has been set at ₹380 to ₹401 per equity share…
July 30, 2024 New Delhi, India USDINR Analysis Indian Rupee: The Indian Rupee (INR) held steady during Tuesday’s early European session despite a modest recovery in the US Dollar (USD). The local currency remains under pressure due to month-end corporate demand for USD and significant foreign fund outflows from Indian equities. US Dollar: The modest…
July 15, 2024 New Delhi, India USDINR Analysis As the Indian Rupee (INR) weakened against the US Dollar (USD) in Monday’s Asian session, the latest economic data reveals significant trends impacting the currency pair. India’s Wholesale Price Index (WPI) inflation surged to 3.36% year-on-year in June, up from 2.61% in May, yet it fell short…
February 29, 2023 New Delhi, India Recent developments in the US and Indian economies have significant implications for the USD/INR rate. With revisions in US fourth quarter GDP and forecasts for Indian GDP growth, investors closely monitor these indicators. Let’s analyze the impact of these updates on the currency pair. US Fourth Quarter GDP Revision…
February 27, 2023 New Delhi, India USDINR The last traded price of USDINR was 82.9025 up by 0.00%. The USDINR currency pair traded within a range of 82.81 to 83.03, with the Indian Rupee facing challenges due to increased dollar demand from oil companies and importers. Furthermore, the Federal Reserve’s cautious stance on early interest…
