• posted by IMV |
  • 04/12/2018

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...

  • posted by IMV |
  • 03/12/2018

The Indian rupee hit a three-month high against the US dollar on the previous week. Strong foreign fund inflows and easing crude prices also supported the rupee. Last week, the Reserve Bank of India (RBI) partially eased a requirement for companies to hedge dollars while raising funds from overseas markets - a move that will encourage companies to raise funds offshore and reduce demand for dollars in the domestic market, reported news...

  • posted by IMV |
  • 30/11/2018

T he Indian rupee hit a three-month high against the US dollar on the previous session. Strong foreign fund inflows and easing crude prices also supported the rupee. This week, the Reserve Bank of India (RBI) partially eased a requirement for companies to hedge dollars while raising funds from overseas markets - a move that will encourage companies to raise funds offshore and reduce demand for dollars in the domestic market, reported...

  • posted by IMV |
  • 29/11/2018

The Indian rupee eased slightly against the dollar on the previous session, although the currency continued to hover near three-month highs. Fresh demand for the American currency from importers amid marginal rise in crude prices weighed on the domestic unit, PTI reported, citing forex dealers. On Monday, the Reserve Bank of India (RBI) partially eased a requirement for companies to hedge dollars while raising funds from overseas...

  • posted by IMV |
  • 28/11/2018

The Indian rupee eased slightly against the dollar on the previous session, although the currency continued to hover near three-month highs. Fresh demand for the American currency from importers amid marginal rise in crude prices weighed on the domestic unit, PTI reported, citing forex dealers. On Monday, the Reserve Bank of India (RBI) partially eased a requirement for companies to hedge dollars while raising funds from overseas markets...

  • posted by IMV |
  • 27/11/2018

The Indian rupee strengthen against the US dollar on increased selling of the US currency by exporters and banks. Political uncertainty is emerging as the key risk as Prime Minister Narendra Modi is seen facing a tough electoral battle in some major states ahead of the national vote in 2019. Oil markets lost steam, giving back earlier gains, as a deteriorating economic outlook and a surge in US production outweighed expected supply cuts...

  • posted by IMV |
  • 26/11/2018

The Indian rupee strengthens against the US dollar on increased selling of the US currency by exporters and banks. RBI's announcement to buy bonds via open market operation to ease tight cash conditions added to the upbeat mood, traders were quoted as saying in the Reuters report. Gains in the rupee came amid persistent foreign fund inflows, reported PTI. Foreign portfolio investors (FPIs) purchased net equities of Rs. 1,103.36 crore on...

  • posted by IMV |
  • 22/11/2018

The Indian rupee strengthens against the US dollar on the previous session on increased selling of the US currency by exporters and banks. RBI's announcement to buy bonds via open market operation to ease tight cash conditions added to the upbeat mood, traders were quoted as saying in the Reuters report. Gains in the rupee came amid persistent foreign fund inflows, reported PTI. Foreign portfolio investors (FPIs) purchased net equities of...

  • posted by IMV |
  • 21/11/2018

The Indian rupee strengthen against the US dollar on the previous session on increased selling of the US currency by exporters and banks. Political uncertainty is emerging as the key risk as Prime Minister Narendra Modi is seen facing a tough electoral battle in some major states ahead of the national vote in 2019. The rupee rose Tuesday, after the Reserve Bank of India agreed to form a panel to study a government demand for a part of...

  • posted by IMV |
  • 20/11/2018

The Indian rupee strengthen against the US dollar on the previous session on increased selling of the US currency by exporters and banks. Brent crude, the international benchmark for oil prices, dropped almost 7 per cent to a one-year low of $65 a barrel after US President Donald Trump urged Organization of the Petroleum Exporting Countries (OPEC) and Saudi Arabia to maintain their current policy of gradually increasing output, which...