October 29, 2024 New Delhi, India USDINR Today INR Performance and Influences The Indian Rupee (INR) softened on Tuesday, facing downward pressure from: Foreign Outflows: Significant withdrawals by foreign institutional investors (FIIs) from Indian equities and bonds, totaling $10 billion in October. US Bond Yields: Higher yields fueled by investor bets on Donald Trump’s potential…
October 25, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) holds steady against the US Dollar (USD) in the 84.00–84.10 range on Friday, supported by RBI interventions despite ongoing foreign outflows. Key Market Drivers: Foreign Outflows: Foreign Institutional Investors (FIIs) continued selling Indian equities for a 19th consecutive session due to China’s recent…
October 23, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) remained stable against the US Dollar (USD) on Wednesday, despite continued pressure from foreign investor outflows. Traders noted that the Reserve Bank of India’s (RBI) possible interventions played a role in limiting the upward movement of the USD/INR pair. Foreign Outflows Weigh on…
October 22, 2024 New Delhi, India USDINR The Indian Rupee (INR) remained stable against the US Dollar (USD) on Tuesday, supported by the potential for intervention from the Reserve Bank of India (RBI). This stability comes despite ongoing foreign outflows from Indian equities and global economic pressures, such as the dollar’s strength and rising US…
October 21, 2024 New Delhi, India USDINR The Indian Rupee (INR) strengthened on Monday, supported by a decline in crude oil prices and a softer US Dollar (USD). However, persistent equity outflows could pose selling pressure on the currency. So far in October, foreign portfolio investors have sold a net amount of $8.4 billion, surpassing…
October 11, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) weakened on Friday due to a firmer US Dollar (USD), driven by stronger-than-expected US inflation data and hawkish comments from Federal Reserve (Fed) officials. The local currency faced further pressure from continued Indian foreign fund outflows and elevated crude oil prices. Key Factors…
October 11, 2024 New Delhi, India Bandhan Bank Shares Shares of Bandhan Bank soared by 9.2% in intraday trading on Friday, reaching ₹205 per share after the Reserve Bank of India (RBI) approved the appointment of Partha Pratim Sengupta as the bank’s Managing Director (MD) and Chief Executive Officer (CEO) for a three-year term. Key…
October 9, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded flat on Wednesday, following the RBI’s decision to keep the repo rate unchanged at 6.5% for the tenth consecutive meeting. Despite holding rates steady, the Monetary Policy Committee (MPC) shifted its stance from “withdrawal of accommodation” to a more neutral outlook. Key…
October 7, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) showed some recovery on Monday after recent losses. However, a stronger US Dollar (USD), heightened foreign fund outflows, and rising crude oil prices continue to weigh on the currency. Traders are closely monitoring Fedspeak scheduled for later in the day for fresh market…
September 18, 2024 New Delhi, India RBI Interest Rates Decision The Reserve Bank of India (RBI) is unlikely to lower its benchmark policy rate in 2024 due to persistent uncertainties over food inflation, according to State Bank of India (SBI) Chairman C S Setty. Despite the anticipated rate cut by the U.S. Federal Reserve, Setty…
