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…
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 29, 2024 New Delhi, India The Indian Rupee (INR) traded sideways on Monday despite a softer US Dollar (USD) during the Asian session. Renewed demand for the US Dollar, foreign outflows from India, and geopolitical risks are weighing on the INR. The US Federal Reserve is widely expected to keep rates unchanged at its…
July 23, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) has shown signs of recovery in early Tuesday trading, bouncing back after reaching an all-time low in the previous session. This improvement comes on the heels of India’s Finance Minister Nirmala Sitharaman’s presentation of the Union Budget 2024-25, which has sparked optimism in…
