• 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...

  • posted by IMV |
  • 27/9/2018

Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent Yesterday, the Indian rupee was trading little changed against the US dollar ahead of the outcome of US Federal Reserve’s policy meeting was due midnight. Traders were taking cautious ahead of Federal Reserve’s policy meeting outcome that raised interest rates and left intact its plans to...

  • posted by IMV |
  • 24/9/2018

Indian Rupee struggles as protests over fuel prices threaten ahead of 2019 Election India Rupee has faced continuous selling pressure against the US Dollar that is hurting India the most. With the country relying on importing over 80% its oil from world markets  and those barrels of crude having to be paid for in USD  India finds itself caught in the vice like grip of a falling exchange rate and an oil price that just...

  • posted by IMV |
  • 21/9/2018

Indian rupee recovers after falling to all-time low as RBI moves into action The Indian rupee recovered from its all-time low against the dollar on likely RBI dollar sale via state-run banks to prevent further sharp fall to 73 mark. Earlier, the Indian currency hit a historic low amid higher current account deficit and rising trade tensions between US and China. India's current account deficit (CAD) widened to $15.8 billion, which...

  • posted by IMV |
  • 19/9/2018

Indian rupee registered all time low against dollar The Indian rupee plunged further against the US dollar on the back of rising crude oil prices and concerns on the intensifying US-China trade war front. The government had the previous day reiterated that global phenomena occurring owing to squeeze on oil production and the US-China trade war led to rupee depreciation. Market expert says that the measures announced by the...

  • posted by IMV |
  • 18/9/2018

Currency Report 18th Sep 2018 The Indian rupee depreciated amid reports that the US could announce a new round of tariffs on Chinese imports The Indian rupee depreciated amid reports that the US could announce a new round of tariffs on Chinese imports. Despite, announcement of measures to curb the rupee fall by the Indian government last weekend. The dollar rose against a basket of major currencies overseas, with investors...

  • posted by IMV |
  • 17/9/2018

Currency Report 17th Sep 2018 Rupee prices gain as retail inflation eases below RBI target The Indian rupee strengthen against U.S Dollar after retail inflation for August fell below the Reserve Bank of India’s (RBI) medium term target of 4% for the first time in 10 months. Consumer price inflation noted at 3.69%, below the RBI’s 4% medium-term target, which increased possibility that the central bank will keep interest rates on...

  • posted by IMV |
  • 14/9/2018

Currency Report 14th Sep 2018 Rupee rebounds from lifetime low on the back of government intervention The Indian rupee rebounded from the historic low and settled the session higher against the dollar after the finance ministry assured of steps to avert its fall to "unreasonable levels". The rupee had crashed to an all-time low of 72.91 a day before tracking higher crude oil prices that increased concerns of widening trade...

  • posted by IMV |
  • 12/9/2018

Currency Report 12th Sep 2018 Indian rupee continued to bleed for a second straight session, as the domestic currency hit fresh all-time low against the US dollar The Indian rupee touched a new low of 72.74 against the dollar as rising crude oil prices and a wider current account deficit continue to weigh on the local currency. Tracking weakness in the currency, bond yields rose to their highest in four years. The current...