• 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...

  • posted by IMV |
  • 26/10/2018

The rupee bounced back from the day's low level to settle almost flat against the US currency helped by easing crude oil prices and increased dollar selling by banks and exporters. While US sanctions on Iran which start on November 4 are expected to tighten supplies, other producers, notably top exporter Saudi Arabia, are already pumping more oil and willing to increase further if needed. Bond markets also arrested their decline as softer US...

  • posted by IMV |
  • 25/10/2018

The rupee moved higher against the dollar on the previous session. Crude oil price fell towards $75 a barrel to its lowest since late August, pressured by concern that demand is weakening and supply ample even as US sanctions loom on oil exporter Iran. While US sanctions on Iran which start on November 4 are expected to tighten supplies, other producers, notably top exporter Saudi Arabia, are already pumping more oil and willing to...

  • posted by IMV |
  • 24/10/2018

The Indian rupee weakened against the dollar in the previous session tracking losses in its local equity and Asian currencies market. The currency came under further pressure on sell off in domestic equities and on the back of rising crude oil prices. So far this year, the rupee has declined 13.18%, while foreign investors have sold $4.55 billion and $8.69 billion in the equity and debt markets, respectively. the dollar gained against its...

  • posted by IMV |
  • 23/10/2018

The Indian rupee recovered against the US dollar on the previous session because of the higher crude oil prices. Rising oil prices and political uncertainty ahead of state elections will see Asia’s worst-performing currency resume losses. The rupee “is highly correlated with oil prices, which are moving higher, and that’s going to make the current-account situation more difficult. Investors will also start adding the political-risk premium...

  • posted by IMV |
  • 22/10/2018

The Indian rupee rose against the US dollar on the previous session and one of the major trigger that led to the appreciation has been fall in global crude oil prices and weakness in the dollar against its major crosses. Crude was weighed down after EIA reports that crude oil stockpiles had risen by 6.5 million barrels last week, to stand at 416.4 million barrels. Both the International Energy Agency and OPEC last week lowered their oil...

  • posted by IMV |
  • 19/10/2018

The Indian rupee recovered slightly against the dollar on the previous session on increased demand for the American currency from banks and importers. Rupee's health remained precarious as an uptick in crude oil prices and dollar value put pressure on the domestic unit.  China's consumer inflation in September rose 2.5% compared to a year ago and 0.7% higher than August, government data on Tuesday showed. Investors also remained...

  • posted by IMV |
  • 17/10/2018

The Indian rupee traded higher against the US dollar on the previous session, amid buying of the US currency by banks and exporters. Rupee's health remained precarious as an uptick in crude oil prices and dollar value put pressure on the domestic unit. Oil prices rose on Tuesday on signs of falling Iran oil exports ahead of US sanctions against Tehran in November, while geopolitical tensions remain over a missing Saudi journalist, Reuters...

  • posted by IMV |
  • 16/10/2018

The Indian rupee traded higher against the US dollar on the previous session, tracking gains in Asian currencies markets and global crude oil prices. Crude came under pressure after OPEC cut its forecast of global demand growth for oil next year for a third straight month, citing headwinds facing the broader economy from trade disputes and volatile emerging markets. On the domestic front, data released by CSO showed India’s inflation in...