
Last year, the Reserve Bank of India (RBI) allowed over a dozen banks to settle trade with 18 different nations…
Investors will keep an eye on the inflation and industrial production number; a lower inflation and a higher IIP number…
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.02 per cent to 103.06.
Backed by foreign fund inflows, stronger regional peers, and risk-on sentiments, the Indian rupee marked the best month of the…
Forex markets were closed on Thursday on the occasion of the Bakrid holiday.
Rupee traded in a narrow range and volatility remained low following no major cues on the domestic but global factors…
Buying in domestic equities by foreign institutional investors and easing crude oil prices also weighed in favour of the rupee,…
At the interbank foreign exchange, the domestic unit opened lower at 81.93 and moved in the range of 82.01 to…
The spot USDINR technical set-up remains bearish following the formation of lower tops and bottoms. From the level front, the…
As the US inflation grew at a slower-than-expected pace, the dollar weakened. After going through a multi-week long consolidation phase,…
FII inflows into local equities and the greenback trading near one-month low levels also bolstered the rupee sentiment, analysts said.
During the day, the domestic unit witnessed an intra-day high of 82.40 and a low of 82.48.
After trading range-bound, the USDINR pair gained 16 paise to 82.46, as dollar declined for the second week, on investors…
Domestic inflation numbers and central bank policy statements would guide the market and potentially increase volatility for the Indian rupee.
Indian rupee in May experienced a significant weakening and came under pressure with a sharp decline of over 1%. Interestingly,…
The Reserve Bank of India on Thursday opted for a pause second time in a row, maintaining key benchmark policy…
During the day, the rupee touched a high of 82.45 and a low of 82.68 against the greenback. On Friday,…
The Indian Rupee showed some strength at the start of June, although historical trends suggest a bearish outlook, and India’s…