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December 5, 2024 New Delhi, India USDINR Today Rupee continues to experience significant pressure, hovering near record low levels despite interventions by the Reserve Bank of India (RBI). Multiple economic factors are contributing to the currency’s challenging performance, creating a complex market landscape for investors and economic observers. Global Economic Indicators Recent economic data provides…
December 3, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) traded weaker on Tuesday, grappling with multiple challenges after hitting a record low in the previous session. The local currency continues to face pressure from disappointing domestic macroeconomic data, persistent foreign fund outflows, and rising demand for the US Dollar (USD). US President-elect…
November 22, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded flat on Friday after touching an all-time low of 84.50 against the US Dollar (USD) in the previous session. The HSBC India Manufacturing PMI eased slightly to 57.3 in November, while the Services PMI improved to 59.2. Factors Influencing INR Performance Geopolitical Tensions: Escalating conflict between Russia and Ukraine has…
November 14, 2024 New Delhi, India USDINR Analysis Rupee (INR) is trading near its all-time low on Thursday despite an uptick in Wholesale Price Index (WPI) inflation. According to official data, India’s WPI-based inflation rose to 2.36% year-on-year (YoY) in October, up from 1.84% in the previous month, surpassing the market consensus of 2.20%. Factors…
November 12, 2024 New Delhi, India USDINR Today Rupee (INR) struggled to stabilize on Tuesday, hovering close to its all-time low of 84.38. The local currency faces ongoing pressure due to significant foreign fund outflows and increasing demand for the US Dollar (USD), particularly from oil companies and foreign banks. Key Factors Influencing INR: Foreign…
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 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…
