September 3, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded lower in early European trading on Tuesday, pressured by a recovering US Dollar (USD). Despite this, foreign fund inflows, a positive Indian equity market, and declining crude oil prices may help limit INR’s losses. However, increased USD demand from importers and safe-haven…
September 2, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) lost ground on Monday, snapping a two-day winning streak during the early European session. The currency’s decline was driven by stronger USD demand, as the INR became the second-worst-performing Asian currency in August, primarily due to state-run banks’ robust USD buying. Key Market…
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 USDINR Analysis The Indian Rupee (INR) edged lower during Wednesday’s Asian trading session, reflecting ongoing challenges in the currency market. Persistent demand for the US dollar (USD) from importers and concerns over trade deficits have contributed to the Rupee’s decline, making it the worst-performing Asian currency in August. However,…
August 19, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) maintained its stability in Monday’s Asian trading session, trading flat despite multiple market pressures. While the softer US Dollar (USD) and falling crude oil prices lend support to the INR, foreign outflows and strong USD demand from importers continue to exert downward pressure….
August 16, 2024 New Delhi, India Rupee Analysis(USDINR) The Indian rupee held its ground at 83.94 against the US dollar in early trade on Friday, maintaining stability despite ongoing concerns over high crude oil prices and foreign capital outflows. The rupee’s performance was bolstered by positive sentiment in both domestic and global equity markets, as…
August 13, 2024 New Delhi, India Rupee Analysis(USDINR) The Indian Rupee (INR) continues to face pressure in Tuesday’s Asian trading session, despite the US Dollar (USD) maintaining a consolidative stance. The INR’s decline is driven by multiple factors, including weaker performance among Asian currencies, rising crude oil prices, and softer domestic inflation data. Market participants…
August 7, 2024 New Delhi, India USDINR The Indian Rupee (INR) weakened during Wednesday’s early European session, reflecting a stronger US Dollar (USD) and rising crude oil prices. Market participants are closely monitoring potential Reserve Bank of India (RBI) interventions and the upcoming RBI Monetary Policy Committee (MPC) meeting on Thursday. Key Factors Affecting the…
August 1, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) showed signs of recovery during Thursday’s early Asian session, benefiting from the decline of the US Dollar (USD). This movement follows the US Federal Reserve’s decision to maintain its interest rates unchanged in the range of 5.25%-5.50% during its July meeting. The dovish…
