October 30, 2024 New Delhi, India USDINR Rupee (INR) weakened on Wednesday, facing downward pressure due to rising US Treasury bond yields and foreign outflows from Indian stocks. These factors have contributed to a sell-off in INR, despite the Reserve Bank of India’s (RBI) regular intervention to curb depreciation. Oil Prices and Market Outlook Crude…
October 29, 2024 New Delhi, India USDINR Today INR Performance and Influences The Indian Rupee (INR) softened on Tuesday, facing downward pressure from: Foreign Outflows: Significant withdrawals by foreign institutional investors (FIIs) from Indian equities and bonds, totaling $10 billion in October. US Bond Yields: Higher yields fueled by investor bets on Donald Trump’s potential…
October 28, 2024 New Delhi, India Market Summary The Indian stock market made a strong comeback on October 28, 2024, breaking a five-day losing streak. Both the BSE Sensex and NSE Nifty 50 closed the week’s first trading session with significant gains, mirroring positive sentiment across Asian markets. Key Market Movements Index Performance Sensex: Closed…
October 17, 2024 New Delhi, India Gold prices Gold prices continued their upward momentum on Thursday, October 17, with XAU/USD marking its third consecutive day of gains and hitting fresh all-time highs as investors flocked to safe-haven assets. The domestic futures market also saw MCX Gold for December 5 expiry rise 0.21% to ₹76,822 per…
October 17, 2024 New Delhi, India USDINR Analysis On Thursday, the Indian Rupee (INR) traded with mild losses against a stronger US Dollar (USD). The pressure on the INR is largely driven by significant outflows from Indian equities and heightened USD demand from foreign banks and importers. Key Factors Impacting the INR: Foreign Fund Outflows:…
October 17, 2024 New Delhi, India Currency Market Analysis USDINR Trading Range: 84.03 – 84.15 Closing Price: 84.09 The Indian Rupee ended little changed as the sharp drop in crude oil prices helped offset the negative impact of weakness in other Asian currencies. Foreign investors pulled out nearly $8 billion from local stocks, reversing inflows of about $11.1 billion in September. On the…
October 16, 2024 New Delhi, India Stock Market Today The Indian stock market closed on a lower note for the second consecutive day on October 16, with the BSE Sensex shedding 319 points (0.39%) to settle at 81,501.36. The NSE Nifty 50 fell by 86 points (0.34%) to close at 24,971.30. Investors grappled with mixed…
October 16, 2024 New Delhi, India Currency Market Analysis USDINR Trading Range: 84.03 – 84.15 Closing Price: 84.09 The Indian Rupee ended little changed as the sharp drop in crude oil prices helped offset the negative impact of weakness in other Asian currencies. Foreign investors pulled out nearly $8 billion from local stocks, reversing inflows…
October 11, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) weakened on Friday due to a firmer US Dollar (USD), driven by stronger-than-expected US inflation data and hawkish comments from Federal Reserve (Fed) officials. The local currency faced further pressure from continued Indian foreign fund outflows and elevated crude oil prices. Key Factors…
October 9, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded flat on Wednesday, following the RBI’s decision to keep the repo rate unchanged at 6.5% for the tenth consecutive meeting. Despite holding rates steady, the Monetary Policy Committee (MPC) shifted its stance from “withdrawal of accommodation” to a more neutral outlook. Key…
