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 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 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,…
August 30, 2024 New Delhi, India WTI Oil Prices West Texas Intermediate (WTI) Oil prices continue to rise, trading around $75.50 per barrel during Friday’s Asian session, driven by growing supply concerns in the Middle East. Key factors behind this increase include Libya’s halted Oil exports and Iraq’s plans to cut Oil production starting next…
August 27, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) traded on a weaker note during Tuesday’s early European session. The local currency faced pressure from month-end demand for the US Dollar (USD) by local banks and corporations, as well as a surge in crude oil prices, which typically weigh on the INR….
August 10, 2024 New Delhi, India Oil Price Surge Oil markets experienced a significant uptick this week, with prices rising over 3% amid encouraging U.S. economic data and growing expectations of a potential Federal Reserve rate cut. The combination of these factors, along with ongoing geopolitical tensions, has provided a strong foundation for the rally,…
