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November 11, 2024 New Delhi, India USDINR Analysis On Friday, the Indian Rupee (INR) lost momentum against the US Dollar (USD), driven by increased demand from importers related to month-end payments. Additionally, the unwinding of long positions in the currency market contributed to the INR’s softer stance. Despite this downturn, factors such as a decline…
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 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 14, 2024 New Delhi, India Currency Market Today USDINR Trading Range: 83.96 – 84.26 Closing Price: 84.10 The Indian Rupee fell to a record low, driven by rising concerns over a recent spike in global oil prices and foreign outflows from the equity market. India’s shrinking balance of payments surplus, alongside a widening trade…
October 11, 2024 New Delhi, India Market Highlights Indian equity markets experienced a downward trend on Friday, with both the BSE Sensex and Nifty 50 trading lower, mirroring weakness from overnight U.S. markets. Investors remained cautious ahead of upcoming fiscal announcements from global markets. Key Index Movements Sensex: At 2 PM, the BSE Sensex was…
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…
