easy-accordion-free domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u144920493/domains/currencyveda.com/public_html/wp-includes/functions.php on line 6114wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u144920493/domains/currencyveda.com/public_html/wp-includes/functions.php on line 6114
November 22, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded flat on Friday after touching an all-time low of 84.50 against the US Dollar (USD) in the previous session. The HSBC India Manufacturing PMI eased slightly to 57.3 in November, while the Services PMI improved to 59.2. Factors Influencing INR Performance Geopolitical Tensions: Escalating conflict between Russia and Ukraine has…
November 21, 2024 New Delhi, India USDINR Today Rupee (INR) extended its decline on Thursday, weighed down by: Geopolitical Tensions: Heightened risks following Donald Trump’s US presidential victory. Portfolio Outflows: Foreign investors pulled $4 billion in November, adding to $11.5 billion withdrawn last month. Central Bank Intervention The Reserve Bank of India (RBI) is expected…
November 20, 2024 New Delhi, India Gold Price Analysis Gold price (XAU/USD) retreated from the $2,642 level, its highest point in over a week, during Wednesday’s European session. The precious metal slid to a fresh daily low as the US Dollar (USD) regained strength amid rebounding Treasury bond yields. Key Market Drivers US Dollar Strength:…
November 20, 2024 New Delhi, India USDINR Today Rupee (INR) faced renewed selling pressure on Wednesday amid increased USD demand from importers and rising geopolitical risks following Russia’s report of Ukraine’s use of US ATACMS missiles. Russian President Vladimir Putin’s approval of an updated nuclear doctrine further heightened tensions. Additionally, portfolio outflows continued to weigh…
November 19, 2024 New Delhi, India Currency Market Insights USDINR Trading Range: 84.4 – 84.56 The Rupee touched a record low due to continuous foreign fund withdrawals and increased dollar demand by investors. Despite this, RBI Governor Shaktikanta Das highlighted the resilience of the Indian economy amidst global challenges. Meanwhile, India’s wholesale prices rose to…
November 18, 2024 New Delhi, India Currency Market Insights: USDINR: Trading Range: 84.4 – 84.56 The Indian Rupee declined to a record low due to persistent foreign fund outflows and robust dollar demand. While RBI Governor Shaktikanta Das emphasized that India’s economy is “sailing smoothly” amid global challenges, concerns mounted as wholesale prices rose by…
November 14, 2024 New Delhi, India USDINR Analysis Rupee (INR) is trading near its all-time low on Thursday despite an uptick in Wholesale Price Index (WPI) inflation. According to official data, India’s WPI-based inflation rose to 2.36% year-on-year (YoY) in October, up from 1.84% in the previous month, surpassing the market consensus of 2.20%. Factors…
November 14, 2024 New Delhi, India Currency Market Overview: USDINR: Trading Range: 84.38 – 84.48 The Indian Rupee fell under pressure as the U.S. Dollar surged to a four-month high, supported by anticipated outflows from Indian equities. In October, India’s annual inflation rate spiked to 6.21%, up from 5.49% in September, intensifying economic concerns. Intervention…
November 13, 2024 New Delhi, India Currency Market Overview USDINR: Trading Range: 84.39 – 84.47 The Indian Rupee fell to a historic low under pressure from weakened regional currencies and steady stock outflows. Dollar-rupee forward premiums also dipped, with the 1-year implied yield falling to a two-month low of 2.10%. On a positive note, India’s services sector showed resilience in October, driven by strong…
November 12, 2024 New Delhi, India Overview: USDINR: Trading Range: 84.38 – 84.46 The Indian Rupee weakened to a record low due to continued stock outflows and strengthening dollar expectations. State-run banks were observed selling dollars, likely on behalf of the RBI, to help curb further declines in the currency. Additionally, dollar-rupee forward premiums have…
