• posted by IMV |
  • 15/10/2018

The Indian rupee traded higher against the US dollar last week, tracking gains in local equity and Asian currencies markets. the rupee has declined 13.8%, while foreign investors have sold $3.84 billion and $7.92 billion in the equity and debt markets, respectively. Asian currencies were traded higher after U.S. inflation moderated and President Trump was said to be planning a meeting with Chinese President Xi to defuse trade tension....

  • posted by IMV |
  • 12/10/2018

The Indian rupee traded marginally higher against dollar on the previous session after hitting a fresh record low of 74.68. India's battered rupee is expected to stay that way for a while, trading near recent record lows over the coming year even as the Reserve Bank of India is forecast to raise rates in December and once more in 2019. The rupee has hit repeated record lows against the dollar this year in its worst run since the financial...

  • posted by IMV |
  • 11/10/2018

The Indian rupee weakened against the dollar tracking overnight losses in the American currency amid a buzz in markets that the RBI and the government may raise dollars from non-resident Indians. The Reserve Bank also announced that it will inject Rs. 12,000 crore liquidity into the system through purchase of government bonds on Thursday to meet the festival season demand for funds. The worst run of rupee losses in 16 years is set to...

  • posted by IMV |
  • 10/10/2018

The Indian rupee weakened against the dollar as the US currency gained in global markets amid consistent foreign fund outflows. The domestic currency dropped to a low of 74.59 on the previous session. In the spot currency market, the Indian unit was end at record low after the RBI unexpectedly kept the policy rate unchanged. The dollar strengthened after China's central bank eased its domestic policy to support the economy. China's...

  • posted by IMV |
  • 09/10/2018

The rupee continued to tumbling lower against the dollar, having crossed a lifetime low of 74.44 during the previous trade. The Indian rupee could slide to at least 76 against the dollar by March and Indian bond yields harden further, as robust growth propels US interest rates to their highest in seven years, and crude oil prices surge the most since 2014 ahead of next month’s Washington-enforced supply curbs on Iran. “With Iran sanctions...

  • posted by IMV |
  • 08/10/2018

The RBI stance, along with an expected hike in the US lending rates and high crude oil prices are expected to further exert pressure on the Indian rupee The Indian rupee continued to tumbling lower against the US dollar, amid a surge in global crude prices. The government is mulling a special NRI deposit scheme to boost dollar inflows. A top government official stated earlier that if needed the government could raise funds through...

  • posted by IMV |
  • 05/10/2018

The Indian rupee slipped against the US dollar due to firm global oil prices concerns over the current account deficit and capital outflows  The Indian rupee tumbled sharply lower against the US dollar, amid a surge in global crude prices. The government is mulling a special NRI deposit scheme to boost dollar inflows. A top government official stated earlier that if needed the government could raise funds through foreign...

  • posted by IMV |
  • 03/10/2018

The Indian rupee again tumbled near two-week low against the US dollar amid a strengthening greenback and steady capital outflows. The Government last week announced hike in customs duty on 19 items, including jet fuel and air conditioners, to curb 'non-essential imports' and check the widening current account deficit resulting from high crude oil prices and the rupee dipping to a historic low. The total value of imports of these items...

  • posted by IMV |
  • 01/10/2018

The Indian rupee strengthened slightly against the US dollar after the government increased tariffs on imported goods to narrow current account deficit. According to traders, selling of the US dollar by exporters and banks, the greenback's weakness against some currencies overseas, also helped the domestic currency recover. The government on Wednesday last week announced hike in customs duty on 19 items, including jet fuel and air...

  • posted by IMV |
  • 28/9/2018

Indian rupee rises against US Dollar after government hikes import duty The Indian rupee strengthened after the government raised import duties on select items to check rupee fall and contain current account deficit (CAD). According to traders, selling of the US dollar by exporters and banks, the greenback's weakness against some currencies overseas, also helped the domestic currency recover. Meanwhile, the Federal Reserve rate...