September 10, 2024 New Delhi, India USDINR The Indian Rupee (INR) held its ground against the US Dollar (USD) on Tuesday, with traders speculating that the Reserve Bank of India (RBI) intervened in the forex market to prevent the domestic currency from weakening past the 84.00 mark. The INR’s stability comes amid a broader market…
September 9, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) extended its gains against the US Dollar (USD) for the second consecutive session on Monday, supported by expectations of Reserve Bank of India (RBI) interventions and reduced odds of an aggressive interest rate cut by the Federal Reserve (Fed) in September. However, the…
September 4, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded on a softer note during Wednesday’s early European session, even as the HSBC India Services Purchasing Managers Index (PMI) showed stronger-than-expected growth in August. The INR faced pressure from a firmer US Dollar (USD) and cautious market sentiment. Key Highlights: HSBC India…
September 3, 2024 New Delhi, India Stock Market Today Indian benchmark indices BSE Sensex and Nifty 50 saw marginal movements on Tuesday, maintaining their positions near record highs from the previous session. The Nifty 50 surged by 4.7% in the last 13 trading sessions, marking its longest rally ever. Market Performance: NSE Nifty 50: Closed…
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….
