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Date: June 09, 2023 Place- New Delhi, India On June 08, 2023, the Indian Rupee’s performance in the global currency markets captured significant attention. Traders and analysts closely monitored the currency’s movements as it navigated through a day of fluctuations and potential impact on the broader financial landscape. The rupee’s performance on this particular day…
Date- June 08, 2023 Place- New Delhi, India USDINR All eyes are fixed on the Reserve Bank of India (RBI) as the highly anticipated monetary policy decision approaches. The financial world is abuzz with speculation about the central bank’s stance and the future trajectory of its policies. With expectations leaning towards a steady repo rate…
Date: June 7, 2023 Place: New Delhi, India Today, we dive into the performance of the Indian Rupee in the global currency markets on June 6, 2023. The Indian Rupee, denoted as INR, has been making its mark with a mix of resilience and stability. Amidst global economic developments and shifting market sentiments, the Indian…
Date: June 6, 2023 Place: New Delhi, India In the dynamic and ever-changing landscape of the currency markets on June 5, 2023, the Indian rupee (INR) showcased a diverse and intriguing performance when measured against major global currencies. By delving deeper into each currency pair, we can gain valuable insights into the rupee’s performance and…
Date: June 5, 2023 Place: New Delhi, India In today’s European session, the USD/INR pair continues its upward trajectory, reaching around 82.50, as the Indian Rupee (INR) applauds the strength of the US Dollar. The recovery is attributed to a combination of factors, including downbeat sentiment, firmer Crude Oil prices, and the upcoming Reserve Bank…
Rupee Depreciates Against US Dollar on Strength of Greenback, but Positive Domestic Trends and Foreign Capital Inflows Offer Support May 30, 2023 Place- New Delhi The Indian rupee depreciated by 4 paise to close at 82.64 against the US dollar on Monday. The local unit had opened strong at 82.57 in the interbank foreign exchange…
In early trade on Thursday, the rupee strengthened 18 paise to 81.93 against the US dollar, following the American currency’s widespread decline in the global market.Foreign capital inflows, according to forex merchants, also strengthen the local currency.The native currency at the interbank foreign exchange started out at 81.99 against the dollar before rising to 81.93,…
Today, there was a lot of buying on the US stock market in the evening because people’s feelings about the bank crisis were getting better. The Dollar Index has stayed above 102 levels, which is good news for US dollar rates in the early morning Asian stock market session. But crude oil prices have stayed…
Despite the SVB collapse and following effects that were evident yesterday, the ECB is anticipated to raise rates by 50 bps today. For the remainder of the week, market volatility will rise. Watch today’s release of EU CPI figures as well. The current trading ranges for the dollar index and the euro are 103-105/106 and…
World stock market update: The US stock market continued to trade weakly on Wednesday as concerns about a financial crisis in the US grew as the share price of Credit Suisse fell by nearly 24%. In early Thursday am trades, the dollar index recovered to 104 levels and maintained above the psychological levels. The price…
