• posted by IMV |
  • 05/7/2018

The Indian rupee extended its weakness against the dollar in early on sustained capital outflows amid strengthening of the American currency overseas. Besides, heavy demand for the US currency from importers and political uncertainty in Germany also weighed on the rupee. However, a higher opening of the equity market capped some of the fall. The global situation turns precarious with high uncertainty about world trade besides rising...

  • posted by IMV |
  • 04/7/2018

The Indian rupee retreated from its recent low against the dollar on capital inflows amid weakening of the American currency overseas. However, political uncertainty in Germany may put further pressure on the rupee. Lower opening of the equity market capped some of the gain. Overseas, Asian shares tumbled as worries over US trade policy lingered in the background. A looming 6 July 2018 deadline is set to see the US impose a 25%...

  • posted by IMV |
  • 03/7/2018

The Indian rupee tumbled down moving towards its record during in early trades breaking below Rs 69 per dollar, as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure. Global oil prices have climbed after the US asked its allies to end all...

  • posted by IMV |
  • 02/7/2018

The Indian rupee traded flat on suspected RBI interventions last week curbed any major weakness for the currency and as the dollar weakened against its major crosses also added gain in it. On Friday, data released by the RBI showed India’s FX reserves saw further erosion of USD 2.25billion and reserves for the week ended June 22 stands at USD 407.81 billion. Global oil prices retreated from its recent peak after the President Trump...

  • posted by IMV |
  • 29/6/2018

The Indian rupee tumbled down yesterday to its lowest level on record during early trades on Thursday, 28 June 2018, breaking below Rs 69 per dollar, as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure. Global oil prices have climbed after the...

  • posted by IMV |
  • 28/6/2018

Rupee depreciates 7.2% vs Dollar in 2018; worst performing Asian currency The Indian rupee depreciated sharply against the dollar in early trades as demand for the American unit from importers and banks picked up. The domestic equity markets likely to open lower also putting pressure on the rupee but the dollar falling to a two-week-low against the yen on global trade concerns capped the losses. Asian stocks fell as investors...

  • posted by IMV |
  • 27/6/2018

The Indian rupee depreciated against the dollar in early trades as demand for the American unit from importers and banks picked up. The domestic equity markets opening lower also put pressure on the rupee but the dollar falling to a two-week-low against the yen on global trade concerns capped the losses. Asian stocks fell as investors assessed prospects for continuing trade tensions between US and China. The greenback had climbed to the...

  • posted by IMV |
  • 26/6/2018

The Indian rupee depreciated slightly against the dollar in early trades as demand for the American unit from importers and banks picked up. The domestic equity markets opening lower also put pressure on the rupee but the dollar falling to a two-week-low against the yen on global trade concerns capped the losses.  Overseas, Asian stocks fell as investors assessed prospects for continuing trade tensions between US and China. US...

  • posted by IMV |
  • 25/6/2018

The Indian rupee dipped lower against the dollar in early trades due to fresh buying of the American currency by importers amid sustained foreign fund outflows. Dollar hovering near an 11-month high against a basket of currencies overseas, supported by a rise in US yields, also weighed on the rupee but a higher opening of the domestic equity markets limited the fall. The dollar index DXY against a group of six major currencies made...

  • posted by IMV |
  • 22/6/2018

Indian rupee gained sharply against the US dollar due to sustained selling of the American currency by exporters and local banks even as Fed officials strike a hawkish tone. sentiment swung back in favor of the domestic currency after the Reserve Bank of India's June meeting minutes signaled that the central bank will rely on data for future rate hike decisions. Investor sentiment also turned positive following higher opening of the...