• posted by IMV |
  • 11/9/2018

Currency Report 11th Sep 2018 Rupee closes at record low, bond yield spikes as CAD widens The Indian rupee settled the session at record low against the US dollar, while 10-year government bond yield jumped nearly 13 basis points after India’s current account deficit widened to the most in five years. The rupee ended at 72.45 a dollar, down 0.97% from its Friday’s close of 71.74. It opened at 72.11 per dollar. The 10-year...

  • posted by IMV |
  • 10/9/2018

Currency Report 10th Sep 2018 Weak rupee to cost India an extra repays foreign debt  The Indian rupee staged a turnaround little bit against the US dollar, snapping its seven-session losing streak after heavy intervention by the Reserve Bank. Steady crude oil prices and a relief on the trade front as the US did not slap duties on USD 200 billion of Chinese goods after the passing of a deadline for a public...

  • posted by IMV |
  • 07/9/2018

Currency Report 7th Sep 2018 Rupee breaches 72 for first time against US dollar  The Indian rupee slipped below the 72 mark for the first time ever against US dollar.  The local currency has fallen more than 12% a year-to date basis, making it one of the worst-performing currencies among emerging markets. Finance Minister Arun Jaitley on Wednesday attributed the fall in rupee to global factors and said there was...

  • posted by IMV |
  • 04/9/2018

Rupee plunges to yet another record low against US.  The Indian rupee tumbled further to close at a fresh lifetime low against the dollar due to month-end demand for the US currency from importers and rising crude oil prices. The rupee plunged to a record low as firming oil prices fanned fears of widening current account deficit. A stronger dollar in overseas markets and losses in local stocks markets also impacted the...

  • posted by IMV |
  • 05/9/2018

Rupee keeps plunging, hits another record low The Indian rupee managed to end at a fresh record low against US dollar, owing to concerns on high crude prices and wariness among FPI investors for KYC norms. Globally, nagging concerns over rising crude oil prices and trade war continue to impact the forex market sentiment. Back home, the heightened risk associated with the swelling current account deficit due to rise in oil prices have...

  • posted by IMV |
  • 03/9/2018

Currency Report 3rd September 2018 Rupee breaches 71-mark against dollar for first time The Indian rupee tumbled further to close at a fresh lifetime low against the dollar due to month-end demand for the US currency from importers and rising crude oil prices. The rupee plunged to a record low as firming oil prices fanned fears of widening current account deficit. A stronger dollar in overseas markets and losses in local stocks...

  • posted by IMV |
  • 31/8/2018

The Indian rupee slid further to close at a fresh lifetime low against the dollar due to month-end demand for the US currency from importers and rising crude oil prices. Yesterday’s trade, the rupee plunged to a record low as firming oil prices fanned fears of widening current account deficit. A stronger dollar in overseas markets and losses in local stocks markets also impacted the rupee sentiment. Globally, the US dollar inched higher...

  • posted by IMV |
  • 30/8/2018

The Indian rupee plunged to all-time low against the US dollar on heavy month-end dollar demand from importers and foreign capital outflows. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure. Focus will now shift to India's GDP and fiscal deficit data due to be released on Friday. Globally, the US dollar inched higher against a basket of currencies,...

  • posted by IMV |
  • 29/8/2018

The Indian rupee traded sharply lower on the back of multiple factors including swelling current account deficit, surging global crude prices, and lukewarm export growth. Besides, US trade protectionism has also contributed to excess volatility in the forex market. Moreover, smart rally in equities amid easing worries over near-term monetary policy tightening by the US Fed. Indian equity benchmarks Sensex and Nifty scaled new peaks, tracking...

  • posted by IMV |
  • 27/8/2018

The Indian rupee weakened sharply against dollar, tracking losses in its Asian peers after Fed minutes continued to signal further rate hikes last week if US economy stays on track. The Fed’s most recent policy meeting minutes showed that the US central bankers are ready to raise interest rates again if the economy remains strong. Easing contagion risk on emerging-market currencies after last weeks carnage also added a positive vibe on...