June 4, 2024 New Delhi, India Daily Currency Market Analysis USDINR The Indian Rupee traded in the range of 83.18 to 83.72, ending lower due to month-end dollar demand from importers and investor caution ahead of the country’s general elections. The core personal consumption expenditure price index in the US rose by 0.2% month over…
June 3, 2024 New Delhi, India USDINR The Indian Rupee traded in the range of 83.21 to 83.59, ending higher due to dollar inflows related to the rebalancing of the MSCI equity indices. This positive movement was bolstered by the Reserve Bank of India’s annual report highlighting the Indian economy’s firm footing. Additionally, the US…
May 21, 2024 New Delhi, India Daily Currency Market Analysis USDINR Trading Range: 83.50 – 83.26 Closing Price: 83.30 The Indian Rupee closed flat against the US Dollar, pressured by dollar demand from local oil companies and likely equity-related outflows. Despite this, the rupee remained stable due to potential interventions by the Reserve Bank of…
May 15, 2023 New Delhi, India Daily Currency Market Analysis USDINR The USDINR pair experienced a narrow trading range yesterday, fluctuating between 83.49 and 83.59. The rupee ended the day flat due to anticipated interventions by the Reserve Bank of India, which helped alleviate the pressure from dollar demand. Despite a steady flow of dollar…
May 14, 2023 New Delhi, India Currency Market Updates USDINR: Rupee Stable Amid Central Bank Intervention Expectations The Indian Rupee (INR) remained stable against the US Dollar (USD) with a trading range of 83.49-83.59. The rupee closed flat as expectations of the central bank’s intervention mitigated the pressure from dollar demand. The rupee closed at…
April 25, 2023 New Delhi, India Gold prices witnessed a modest uptick amidst a weaker US dollar and a subdued risk sentiment. However, gains were limited as traders awaited key US macroeconomic data, particularly the Advance Q1 GDP report, to gauge the Federal Reserve’s future policy decisions. Market Dynamics: Gold price (XAU/USD) attracted some buying…
April 3, 2023 New Delhi, India Currency Market Analysis USDINR The last traded price of USDINR was 83.4525 down by -0.04%. The Rupee ended relatively unchanged, trading within a range of 83.35 to 83.57, as dollar sales by exporters counteracted weakness in Asian currencies. India’s Manufacturing PMI was revised lower to 59.1 in March 2024,…
April 3, 2023 New Delhi, India Currency Market Highlights USDINR The last traded price of USDINR was 83.4150 down by -0.01%. USD/INR pair exhibited a trading range of 83.35-83.57, with the Rupee experiencing marginal changes as dollar sales by exporters helped counterbalance weakness in Asian currencies. Meanwhile, India’s Manufacturing PMI was revised slightly lower to…
January 18, 2023 New Delhi, India USDINR The last traded price of USDINR was 83.1100 down by -0.03%. The day’s range for USDINR is a high of ₹83.18 and a low of 83.10 In the USDINR trading scenario, the day’s range is anticipated to fluctuate between 82.93 and 83.41. The Indian Rupee depreciated, influenced by…
January 17, 2023 New Delhi, India USDINR The last traded price of USDINR was 83.1100 down by -0.03%. The day’s range for USDINR is a high of ₹83.18 and a low of 83.10 In the USDINR trading scenario, the day’s range is anticipated to fluctuate between 82.93 and 83.41. The Indian Rupee depreciated, influenced…
