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October 15, 2024 New Delhi, India Oil Prices Oil prices fell sharply in Asian trade on Tuesday, extending recent losses due to growing concerns over a potential demand slowdown. Reports that Israel will refrain from attacking Iranian oil facilities further weighed on crude prices. Key Highlights: Price Drop: Brent futures fell 3.5% to $74.59 per…
October 15, 2024 New Delhi, India USDINR The Indian Rupee (INR) edged lower against the US Dollar (USD) on Tuesday, influenced by global risk aversion. However, potential foreign fund inflows and falling oil prices may lend support to the INR, as traders eye gains in Asian markets and Wall Street’s record close. Key Factors Influencing…
October 14, 2024 New Delhi, India USDINR Today The Indian rupee depreciated to a lifetime low of 84.0725 against the US dollar on Monday, slightly surpassing its previous low of 84.07 set on Friday. The rupee’s weakness follows broader depreciation across Asian currencies and is exacerbated by elevated crude oil prices and a strong US…
October 11, 2024 New Delhi, India Crude Oil Price Crude Oil prices stabilized near $75 on Friday after a volatile week. The recovery from lower levels came as Israel signaled its readiness to retaliate against Iran, intensifying geopolitical tensions. This follows a phone call between US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu…
October 11, 2024 New Delhi, India USDINR The Indian rupee slipped to an all-time low, breaching the 84/USD mark for the first time on Friday. Pressured by the recent spike in oil prices and the ongoing foreign institutional investor (FII) outflows from the equity markets, the rupee hit a low of ₹84.0525 before settling at…
September 26, 2024 New Delhi, India USDINR Price Rupee (INR) weakened during Thursday’s Asian session, losing momentum against the US Dollar (USD). Local sales of the USD by corporations and foreign inflows into Indian stocks and bonds initially supported the INR, along with a stronger Chinese Yuan. However, rising crude oil prices and a risk-averse…
September 23, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) continued its rally on Monday, buoyed by strong inflows of foreign funds into Indian equity markets. This positive momentum comes despite potential headwinds from rising crude oil prices and renewed US Dollar (USD) demand from importers, which may limit further upside for the…
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 17, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) weakened in Tuesday’s Asian session, ending a three-day winning streak as strong US Dollar (USD) demand from local importers, especially oil companies, pressured the currency. With India being the world’s third-largest oil consumer, the recent rebound in crude oil prices also limited the…
September 5, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) weakened during Thursday’s early European session, pressured by a sell-off in Indian equities tracking negative global cues. Despite a weaker US Dollar (USD), the INR is edging closer to all-time lows. Key Highlights: Equity Sell-Off Pressures INR: A significant sell-off in domestic equities,…
