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July 31, 2024 New Delhi, India West Texas Intermediate (WTI) crude oil prices are trading around $76.5 per barrel, recovering from an eight-week low of $74.24 recorded on Tuesday. The rebound is primarily driven by escalating geopolitical tensions in the Middle East, which pose significant risks to oil supply. Key Highlights: Geopolitical Tensions: The Israeli…
July 30, 2024 New Delhi, India USDINR Analysis Indian Rupee: The Indian Rupee (INR) held steady during Tuesday’s early European session despite a modest recovery in the US Dollar (USD). The local currency remains under pressure due to month-end corporate demand for USD and significant foreign fund outflows from Indian equities. US Dollar: The modest…
July 26, 2024 New Delhi, India The Indian Rupee (INR) posted modest gains in Friday’s Asian session, recovering some lost ground against the US Dollar (USD). This rebound follows a weaker Greenback and potential Reserve Bank of India (RBI) interventions. Key Factors Impacting INR: US Dollar Demand: Month-end demand for the USD and foreign outflows…
July 24, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) weakened during Wednesday’s early European session despite an improvement in India’s HSBC Manufacturing and Services PMI for July. The Rupee’s decline was driven by Finance Minister Nirmala Sitharaman’s announcement of increased capital gains tax, which exerted selling pressure on the INR. Stronger PMI…
July 23, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) has shown signs of recovery in early Tuesday trading, bouncing back after reaching an all-time low in the previous session. This improvement comes on the heels of India’s Finance Minister Nirmala Sitharaman’s presentation of the Union Budget 2024-25, which has sparked optimism in…
July 15, 2024 New Delhi, India USDINR Analysis As the Indian Rupee (INR) weakened against the US Dollar (USD) in Monday’s Asian session, the latest economic data reveals significant trends impacting the currency pair. India’s Wholesale Price Index (WPI) inflation surged to 3.36% year-on-year in June, up from 2.61% in May, yet it fell short…
July 11, 2024 New Delhi, India USD/INR Analysis The USD/INR exchange rate has been under pressure as the Indian Rupee (INR) strengthens against a softer US Dollar (USD). Factors such as foreign inflows into Indian markets and a decline in crude oil prices have supported the INR. This article examines the elements influencing the USD/INR…
June 26, 2024 New Delhi, India Rupee Vs Dollar The USD/INR exchange rate continues to decline, with the Indian Rupee (INR) strengthening on Tuesday due to a softer US Dollar (USD) and expectations of increased foreign inflows into India. Factors Influencing the Indian Rupee Foreign Inflows: The INR is supported by anticipated significant inflows following…
June 18, 2024 New Delhi, India USD/INR Faces Selling Pressure Ahead of US Retail Sales Data The Indian Rupee (INR) is gaining ground against the US Dollar (USD) amid sales from state-run banks on Tuesday. However, the upward momentum for the INR might be limited due to the hawkish stance of the US Federal Reserve…
May 16, 2023 New Delhi, India Bullish Surge in Indian Stock Market The Indian stock market witnessed a remarkable surge on May 16, with both the Sensex and Nifty indices posting significant gains. This bullish momentum was fueled by a combination of factors, including positive corporate earnings outlook, global market optimism, and favorable government policies….
