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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…
April 18, 2023 New Delhi, India USDINR Analysis The USDINR currency pair witnesses fluctuations amidst various factors including rising oil prices, Fed rate cut expectations, and RBI intervention prospects. Factors Influencing INR Strength: Despite hitting a record low recently due to concerns over Middle East tensions and oil price spikes, the Indian Rupee (INR) gains…
February 27, 2023 New Delhi, India USDINR The last traded price of USDINR was 82.9025 up by 0.00%. The USDINR currency pair traded within a range of 82.81 to 83.03, with the Indian Rupee facing challenges due to increased dollar demand from oil companies and importers. Furthermore, the Federal Reserve’s cautious stance on early interest…
February 23, 2023 New Delhi, India RBI Holds Steady Amid Inflation Concerns In its latest Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) opted to maintain the key repo rate at 6.5%. This decision came in the wake of persistent concerns over high inflation levels, with RBI Governor Shaktikanta Das emphasizing the…
February 22, 2023 New Delhi, India USDINR The last traded price of USDINR was 82.9200 down by -0.06%. The day’s range for USDINR was a high of ₹82.95 and a low of 82.92 . The Rupee ends little changed as dollar demand from importers counteracts supportive global cues. US producer prices rise significantly in January,…
February 15, 2023 New Delhi, India Indian Rupee Strengthens Amid Economic Developments Indian Rupee (INR) sees positive movement against the US Dollar (USD) as traders react to a combination of domestic and international economic factors. Here’s a breakdown of what’s influencing the USD/INR pair. Fundamental Factors Driving the Market The Reserve Bank of India (RBI)…
February 13, 2023 New Delhi, India Indian Rupee’s Recent Performance Economic Data Releases The Indian Rupee’s performance is under scrutiny as key economic indicators and technical trends shape its trajectory. Recent data releases shed light on the currency’s resilience amidst a complex economic landscape. Indian Economic Indicators India’s retail inflation eased to a three-month low…
February 12, 2023 New Delhi, India Indian Rupee Struggles Amid Economic Uncertainty The Indian Rupee (INR) is under pressure against the US Dollar (USD) as investors await crucial economic data and policy decisions from the Reserve Bank of India (RBI). Central Bank Policy and Economic Data Influence Market Sentiment The RBI is expected to maintain…
