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March 27, 2024 New Delhi, India USDINR The Indian Rupee (INR) fell on Thursday, pressured by strong month-end US Dollar (USD) demand from importers and higher crude oil prices. Concerns over US tariff policies also added to market jitters. Key Factors Driving INR USD Demand Weighs on INR: Importers’ end-of-month dollar buying puts pressure on…
January 16, 2025 New Delhi, India USDINR Today The Indian Rupee (INR) traded ia trading lower today during the Asian session, pressured by higher crude oil prices and persistent foreign fund outflows. Despite the challenges, the Reserve Bank of India’s (RBI) intervention and a weaker US Dollar provided some support to the local currency. Key…
January 13, 2025 New Delhi, India USDINR Analysis The Indian Rupee (INR) weakened significantly in Monday’s Asian session, nearing a fresh all-time low of Rs. 86.3 per US Dollar. Market sentiment turned negative following robust U.S. employment data and hawkish remarks from Federal Reserve officials, reinforcing expectations of a slower-than-expected rate-cut cycle in 2025. Key…
January 8, 2025 New Delhi, India USDINR The Indian Rupee (INR) edged lower during Wednesday’s session, following its biggest one-day gain in over a month. Heavy US Dollar (USD) sales by foreign banks provided temporary relief, but ongoing foreign capital outflows and elevated crude oil prices continued to weigh on the local currency. Key Highlights:…
November 28, 2024 New Delhi, India Rupee slipped by 15 paise on Wednesday, settling at ₹84.44 per dollar, amidst rising crude oil prices and concerns over US trade policies under President-elect Donald Trump. Key Factors Affecting the Rupee Crude Oil Surge: Brent crude climbed 0.55% to $73.21 per barrel, increasing India’s import costs. Global…
November 25, 2024 New Delhi, India c Today Rupee (INR) extended its rally on Monday, supported by the weakening US Dollar (USD) and anticipated inflows of $2.5 billion from MSCI’s equity index rebalancing. However, higher crude oil prices and persistent foreign portfolio outflows could limit further gains. PMI Data Highlights HSBC Flash India Composite Output…
October 21, 2024 New Delhi, India USDINR The Indian Rupee (INR) strengthened on Monday, supported by a decline in crude oil prices and a softer US Dollar (USD). However, persistent equity outflows could pose selling pressure on the currency. So far in October, foreign portfolio investors have sold a net amount of $8.4 billion, surpassing…
October 18, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) recovered on Friday, benefiting from a modest decline in the US Dollar (USD). However, the INR’s gains may be limited due to several challenges, including substantial foreign fund outflows, a negative trend in domestic equities, and a recent surge in crude oil prices….
October 16, 2024 New Delhi, India USD/INR The USD/INR pair continues to hover around its all-time high of 84.14 as the Indian Rupee (INR) faces pressure from foreign exchange outflows. Traders are also evaluating the Reserve Bank of India’s (RBI) policy outlook, particularly in response to India’s latest Consumer Price Index (CPI) data. Key Factors:…
October 15, 2024 New Delhi, India Oil Prices Oil prices fell sharply in Asian trade on Tuesday, extending recent losses due to growing concerns over a potential demand slowdown. Reports that Israel will refrain from attacking Iranian oil facilities further weighed on crude prices. Key Highlights: Price Drop: Brent futures fell 3.5% to $74.59 per…
