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September 16, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded on a weaker note during Monday’s early European session, despite a softer US Dollar (USD). The combination of declining crude oil prices, strong foreign institutional inflows (FII) into Indian stock markets, and firm bets on a potential Federal Reserve rate cut later…
September 11, 2024 New Delhi, India Stock Market Today On Wednesday, September 11, 2024, Indian equity markets ended in the red, with the BSE Sensex falling 398.13 points or 0.49% to close at 81,523.16 and the NSE Nifty50 dropping 122.65 points or 0.49% to end at 24,918.45. The markets were dragged down by weak global…
September 11, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) remained stable against the US Dollar (USD) on Wednesday, trading around the 84.00 level amid growing speculation of potential interventions by the Reserve Bank of India (RBI) in the foreign exchange market. Traders believe the RBI may step in to support the INR…
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 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….
