June 7, 2024 New Delhi, India Key Highlights from RBI MPC Meeting June 2024 The Reserve Bank of India (RBI) concluded its first Monetary Policy Committee (MPC) meeting since the Lok Sabha Elections 2024, announcing several significant decisions. The repo rate remains unchanged at 6.50%, marking the eighth consecutive term without a change, as the…
June 7, 2024 New Delhi, India Daily Currency Market Analysis USDINR The Indian Rupee traded in the range of 83.26 to 83.62, closing stronger due to dollar sales from foreign banks and potential intervention by the Reserve Bank of India (RBI). Despite the strengthening rupee, the HSBC India Services PMI was revised lower to 60.4…
May 31, 2024 New Delhi, India RBI Policy: Repo Rate Cut The Reserve Bank of India (RBI) will announce its latest monetary policy after the Monetary Policy Committee (MPC) meeting, which runs from June 5-7. A Reuters poll of economists, conducted between May 17-30, indicates a strong expectation that the RBI will maintain the current…
May 29, 2024 New Delhi, India Daily Currency Market Analysis USDINR Trading Range: 83.20 – 83.10 Closing Price: 83.16 The Indian Rupee strengthened due to a robust fiscal position and intervention by the Reserve Bank of India (RBI). The RBI’s efforts to support the rupee have led to a record high in forex reserves. Additionally,…
May 22, 2024 New Delhi, India Paytm Q4 Results One 97 Communications, the parent company of payments aggregator Paytm, announced a challenging fourth quarter for fiscal year 2024. The company saw a decrease in revenue and a significant increase in net losses, primarily due to regulatory actions imposed by the Reserve Bank of India (RBI)….
May 10, 2023 New Delhi, India Daily Currency Market Analysis USDINR: Rupee Stabilizes Amid Expectations of RBI Action The last traded price of USDINR was 83.46. The Indian Rupee (INR) maintained stability against the US Dollar (USD) today, with a trading range of 83.5-83.62. Market sentiment remained subdued as traders anticipated intervention from the Reserve…
April 23, 2023 New Delhi, India Daily Currency Market Analysis USD/INR: The last traded price of USDINR was 83.36. The trading range was between 83.3-83.7. The Indian Rupee (INR) strengthened against the US Dollar (USD) due to the expectation of intervention by the Reserve Bank of India (RBI) and reports suggesting no missile attack by…
April 22, 2023 New Delhi, India Daily Currency Market Analysis USD/INR: Levels: The last closing price of USDINR was 83.4450 down by -0.05%. The day’s range for USDINR was 83.45-83.63. Analysis: The Indian Rupee (INR) remained stable within a range possibly due to potential intervention from the Reserve Bank of India (RBI). However, the US…
April 5, 2023 New Delhi, India RBI Maintains Repo Rate Amidst Stable Economic Outlook In its latest monetary policy update, the Reserve Bank of India (RBI) has opted to keep the policy repo rate steady at 6.5%. This decision comes amidst a cautiously optimistic outlook for India’s economic growth and inflation trajectory for the fiscal…
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…
