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December 20, 2023 New Delhi, India Indian Rupee Trades Soft Amidst Weaker US Dollar Despite a weakened US Dollar and lower US Treasury bond yields, the Indian Rupee (INR) finds itself on a softer note in the forex market. The Reserve Bank of India (RBI) challenges the International Monetary Fund’s (IMF) assertion of excessive intervention…
December 19, 2023 New Delhi, India In the ever-evolving landscape of currency markets, the USDINR pair is navigating through a series of influences, showcasing a dynamic interplay between global and domestic factors. Renewed USD Demand and INR Performance: Recent market movements reveal a tug-of-war between USD and INR. The Indian Rupee experienced a temporary surge,…
November 15, 2023 New Delhi, India USDINR The last traded price of USDINR was 83.3000, down by -0.04%. The day’s range was ₹83.29 to ₹83.33. The rupee declined as Fed Powell expressed uncertainty about the central bank’s efforts to bring down inflation. India’s industrial production rose by 5.8% YoY in September, showing a slowdown from…
November 6, 2023 New Delhi, India USDINR During the last trading session, USDINR closed at 83.27 and the trading range for USDINR was between 83.28 and 83.32. The rupee sustained stability amidst active U.S. dollar demand, while market expectations lean towards the central bank’s intervention to prevent further depreciation. India’s fiscal deficit surged to INR…
November 3, 2023 New Delhi, India USDINR The USD/INR pair navigated through a range of ₹83.20 to ₹83.32 in the previous session, closing at ₹83.2675, marking a slight decrease of -0.09%. The Rupee stumbled to a record low, primarily driven by robust demand for the US dollar, exacerbated by high US yields before the Federal…
November 2, 2023 New Delhi, India USDINR In the last session, USDINR traded between 83.25 and ₹83.35, closing at 83.3350, marking a 0.09% increase. The total traded volume stood at 174,956 lots. The rupee remained steady against the buoyant U.S. dollar, and concerns arose over a possible dollar shortage, affecting overnight swap rates and forward…
October 30, 2023 New Delhi, India USDINR The last traded price of USDINR was 83.26 down by -0.01%. The day’s range for USDINR was a high of ₹83.30 and a low of 83.23. The Indian Rupee (USDINR) showed a slight weakness, influenced by equity outflows and elevated U.S. Treasury yields, despite U.S. economic expansion in…
October 27, 2023 New Delhi, India Introduction In the world of currency exchange, the Indian Rupee (INR) is making headlines as it stands firm against a backdrop of global uncertainties and domestic economic strength. This article delves into the factors influencing the USD/INR currency pair, highlighting the key drivers behind the Rupee’s resilience. Global Factors…
October 10, 2023 New Delhi, India USDINR: Remains Range Bound The Indian Rupee (USDINR) traded in a tight range as the Reserve Bank of India (RBI) maintained its policy repo rate at 6.5% for the fourth consecutive meeting. The Rupee weakened slightly by 0.08% against the US dollar, closing at 83.29 per dollar. Despite escalating…
Date: Aug 09, 2023 Place: New Delhi, India In today’s market update, several key companies have released their quarterly financial results, providing insights into their performance during the first quarter of the fiscal year. Here are some of the highlights: Coal India: The state-owned coal mining giant, Coal India, announced a consolidated net profit…
