September 18, 2024 New Delhi, India USDINR Price The Indian Rupee (INR) remained flat during early European trading on Wednesday, following a climb to a month-high of 83.75 in the previous session. Expectations of a deeper Federal Reserve (Fed) rate cut and significant US Dollar (USD) sales have put pressure on the USD/INR pair. However,…
September 16, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded on a weaker note during Monday’s early European session, despite a softer US Dollar (USD). The combination of declining crude oil prices, strong foreign institutional inflows (FII) into Indian stock markets, and firm bets on a potential Federal Reserve rate cut later…
September 10, 2024 New Delhi, India USDINR The Indian Rupee (INR) held its ground against the US Dollar (USD) on Tuesday, with traders speculating that the Reserve Bank of India (RBI) intervened in the forex market to prevent the domestic currency from weakening past the 84.00 mark. The INR’s stability comes amid a broader market…
September 3, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded lower in early European trading on Tuesday, pressured by a recovering US Dollar (USD). Despite this, foreign fund inflows, a positive Indian equity market, and declining crude oil prices may help limit INR’s losses. However, increased USD demand from importers and safe-haven…
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 19, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) maintained its stability in Monday’s Asian trading session, trading flat despite multiple market pressures. While the softer US Dollar (USD) and falling crude oil prices lend support to the INR, foreign outflows and strong USD demand from importers continue to exert downward pressure….
August 16, 2024 New Delhi, India Rupee Analysis(USDINR) The Indian rupee held its ground at 83.94 against the US dollar in early trade on Friday, maintaining stability despite ongoing concerns over high crude oil prices and foreign capital outflows. The rupee’s performance was bolstered by positive sentiment in both domestic and global equity markets, as…
August 12, 2024 New Delhi, India USDINR On Monday, the Indian Rupee (INR) exhibited stability during Asian trading hours, maintaining a flat trajectory as traders assessed various market factors. Elevated geopolitical risks in the Middle East and the potential for Reserve Bank of India (RBI) intervention are contributing to the currency’s current position. Geopolitical and…
