• posted by IMV |
  • 18/12/2018

The rupee appreciated by 16 paise to 71.74 against the US on the previous session at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities. increased selling of the American currency by exporters and banks and sustained foreign fund inflows also supported the domestic currency. At the interbank forex market, the rupee opened higher. Globally, Brent crude, the...

  • posted by IMV |
  • 17/12/2018

The rupee declined on the previous session against the US dollar amid strengthening of the greenback and cautious trading in the domestic equity market. Forex traders said the rupee came under pressure following strengthening of the dollar against major currencies oversea while caution prevailed amid the RBI's central board meeting under new Governor Shaktikanta Das. Traders however said that significant foreign fund outflows and rising...

  • posted by IMV |
  • 14/12/2018

The Indian rupee gained on the previous session after newly-appointed RBI Governor Shaktikanta Das said that he would adopt a consultative approach and move quickly to meet the chiefs of state-run banks to tackle issues facing the banking sector. Retail inflation easing to a 17-month low of 2.33 per cent also supported up move in the rupee. This was the fourth straight month in which consumer prices stayed below RBI's medium-term target...

  • posted by IMV |
  • 13/12/2018

The Indian rupee rebounded from a sharply lower opening and bonds gained as traders turned their speculative attention to the policy implications of a new governor taking charge at the Reserve Bank of India. Urjit Patel, the 24th governor of the RBI, resigned on Monday with immediate effect. In response, equities, currency and bonds all recovered just hours after these asset markets opened sharply lower in response to Patel’s surprise...

  • posted by IMV |
  • 12/12/2018

The Indian rupee rebounded from a sharply lower opening and bonds gained as traders turned their speculative attention to the policy implications of a new governor taking charge at the Reserve Bank of India. Urjit Patel, the 24th governor of the RBI, resigned on Monday with immediate effect. In response, equities, currency and bonds all recovered just hours after these asset markets opened sharply lower in response to Patel’s surprise...

  • posted by IMV |
  • 11/12/2018

The Indian rupee traded lower on the previous session after exit polls late Friday pointed to hung assemblies in two crucial states and an Opposition win in another. Volatility may last for a few trading sessions until fundamental macro factors regain prominence, with the key event risks linked to politics receding. Markets may see a spell of volatility as uncertainty around the state elections could dent investor confidence. Although we...

  • posted by IMV |
  • 10/12/2018

The Indian rupee came under pressure on the previous week following a downtrend in domestic equity markets amid foreign fund outflows. While a sharp drop in oil prices should help the slowing economy and the rupee, concerns will also persist over sluggish domestic demand which weighed more heavily on July-September growth than expected. Most major Asian currencies have had a bruising year amid a strong US dollar, though many have made...

  • posted by IMV |
  • 07/12/2018

The Indian rupee came under pressure on the previous session following a downtrend in domestic equity markets amid foreign fund outflows. While a sharp drop in oil prices should help the slowing economy and the rupee, concerns will also persist over sluggish domestic demand which weighed more heavily on July-September growth than expected. Most major Asian currencies have had a bruising year amid a strong US dollar, though many have made...

  • posted by IMV |
  • 06/12/2018

The Indian rupee came under pressure on the previous session following a downtrend in domestic equity markets amid foreign fund outflows. While a sharp drop in oil prices should help the slowing economy and the rupee, concerns will also persist over sluggish domestic demand which weighed more heavily on July-September growth than expected. Most major Asian currencies have had a bruising year amid a strong US dollar, though many have made...

  • posted by IMV |
  • 05/12/2018

The Indian rupee felled sharply on the previous session, weakening past the 70-a-dollar mark at the interbank foreign exchange amid a spike in crude oil prices. Global oil prices surged over 5% on the previous session after the US and China agreed to a 90-day truce in their trade war. Reports, citing sources, have also said that Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week. The renewed...