• posted by IMV |
  • 14/11/2018

The Indian rupee strengthen against the US dollar on the previous session as Crude oil prices fell more than 2 percent after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. The rupee has begun showing signs of stability as sliding crude oil prices and New Delhi’s assurances on the fiscal math turn overseas investors into the most aggressive net buyers of Indian debt in the current fiscal year. In...

  • posted by IMV |
  • 13/11/2018

The Indian rupee weakened further against the US dollar on the previous session, owing to increased demand for the American currency from importers amid increasing global crude oil prices. The international benchmark, Brent crude again breached the $71 a barrel mark by surging 1.21 per cent. Forex traders said besides increased demand for the US currency from importers, the dollar's strength against some currencies overseas weighed on the...

  • posted by IMV |
  • 12/11/2018

The Indian rupee traded below 73 marks per US dollar last week on increased selling of the greenback by exporters amid softening crude oil prices, which slipped below the $70 per barrel mark.  The dollar weakened following the US mid-tem election results, which showed Democrats wresting control of the House of Representatives from the ruling Republican party.  However, it later staged a recovery after the US Fed kept interest...

  • posted by IMV |
  • 06/11/2018

The Indian rupee continue to trade above 73 marks on the previous session on foreign fund outflows. Traders said increased demand for the US currency from importers and losses in the domestic equity market weighed on the rupee. Besides, the dollar trading higher against some currencies overseas too put pressure on the rupee, they added. Crude fell to the lowest level since April, due to growing concerns that global demand is weakening at a...

  • posted by IMV |
  • 05/11/2018

Indian rupee clocked its biggest gains against the US dollar on the previous session on easing crude oil prices and possibility that US might grant waivers to India from sanctions on Iranian oil imports. Further, weakness in the other Asian currencies coupled with dollar strength this likely to weigh on the Rupee. Stable crude oil prices, however, restricted the rupee fall to some extent. Meanwhile, the Reserve Bank of India has said that it...

  • posted by IMV |
  • 02/11/2018

Indian rupee felled against the US dollar on the previous session on the news that Central Bank governor may resign if Govt invokes Section 7 of RBI act to transfer RBI reserves. Further, weakness in the other Asian currencies coupled with dollar strength this likely to weigh on the Rupee. Stable crude oil prices, however, restricted the rupee fall to some extent. Meanwhile, the Reserve Bank of India has said that it will inject Rs 40,000...

  • posted by IMV |
  • 01/11/2018

Indian rupee felled more than 0.5% against the US dollar on the previous session on the news that Central Bank governor may resign if Govt invokes Section 7 of RBI act to transfer RBI reserves. Further, weakness in the other Asian currencies coupled with dollar strength this likely to weigh on the Rupee. Stable crude oil prices, however, restricted the rupee fall to some extent. Globally, Brent crude, the international benchmark, was...

  • posted by IMV |
  • 31/10/2018

The rupee felled against the US dollar in the previous session as increased demand of the greenback from importers and sustained foreign fund outflows hurt the rupee's sentiment, traders were quoted as saying in the PTI report. The rupee opened lower and further extended its fall against the dollar. The fall in the rupee, was however, restricted as the dollar weakened against some currencies overseas and crude oil prices softened. The...

  • posted by IMV |
  • 30/10/2018

Rupee gained for the third successive week following drop in global crude oil prices and as the RBI continued to intervene to curb the volatility of the currency. Latest data released by the RBI showed FX reserves fell by another USD 1 billion to USD 394.46 billion compared from USD 395.50 billion last week. This week, on the domestic front no major economic data is expected to be released but volatility could increase following any comments...

  • posted by IMV |
  • 29/10/2018

The Indian rupee traded slightly lower against the US dollar on the previous session on strong demand for the American currency and selling in domestic equities as well as cautiousness ahead of ECB monetary policy meeting. US dollar extended gains in previous session as Euro witnessed profit booking post ECB monetary policy meeting. Recent lower economic data from Europe has been shrugged off as temporary or pertaining to individual...