September 13, 2024 New Delhi, India India’s Retail Inflation Retail inflation in India edged up to 3.65% in August 2024, according to data released by the National Statistical Office (NSO) on Thursday. Despite the slight increase, inflation remained below the Reserve Bank of India’s (RBI) median target of 4% for the second consecutive month. Key…
September 11, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) remained stable against the US Dollar (USD) on Wednesday, trading around the 84.00 level amid growing speculation of potential interventions by the Reserve Bank of India (RBI) in the foreign exchange market. Traders believe the RBI may step in to support the INR…
September 10, 2024 New Delhi, India USDINR The Indian Rupee (INR) held its ground against the US Dollar (USD) on Tuesday, with traders speculating that the Reserve Bank of India (RBI) intervened in the forex market to prevent the domestic currency from weakening past the 84.00 mark. The INR’s stability comes amid a broader market…
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,…
August 23, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) saw gains during Friday’s early European session, buoyed by dovish signals from the US Federal Reserve (Fed), a decline in crude oil prices, and potential intervention by the Reserve Bank of India (RBI). Despite these positive factors, market participants remain cautious ahead of…
August 22, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) has experienced continued pressure against the US Dollar (USD), falling by 0.2% in August, marking it as the worst-performing Asian currency this month. As mixed PMI data from India offers little support, market participants turn their attention to the upcoming RBI Monetary Policy…
August 21, 2024 New Delhi, India RBI Prime Minister Narendra Modi has congratulated Reserve Bank of India (RBI) Governor Shaktikanta Das for securing an ‘A+’ rating in the Global Finance Central Banker Report Cards 2024. This accolade marks the second consecutive year Das has received this top rating, highlighting his leadership in managing India’s monetary…
August 8, 2024 New Delhi, India RBI Monetary Policy In its latest monetary policy announcement, the Reserve Bank of India (RBI) has kept its inflation projection for FY2025 unchanged at 4.5%. RBI Governor Shaktikanta Das provided insights into the factors influencing this forecast and the broader economic conditions. The Indian rupee showed a slight recovery…
August 7, 2024 New Delhi, India Indian benchmark indices closed on a robust note on August 7, with the Nifty touching 24,300 and the Sensex surging by 875 points. Investors are now keenly awaiting the outcome of the Reserve Bank of India’s (RBI) policy meeting. Market Highlights: The NSE Nifty 50 closed 1.27% higher at…
August 6, 2024 New Delhi, India USDINR The Indian Rupee (INR) shows signs of recovery in Tuesday’s Asian session, buoyed by a declining US Dollar (USD) and improved risk sentiment. Despite this, foreign outflows and global market influences may limit the upside potential. All eyes are on the Reserve Bank of India (RBI) interest rate…
