• posted by IMV |
  • 24/8/2018

Rupee crossed 70 mark  once again… The Indian rupee weakened past 70 a dollar, tracking losses in its Asian peers after Fed minutes continued to signal further rate hikes 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. That left little doubt that Chairman Jerome Powell plans to raise the...

  • posted by IMV |
  • 23/8/2018

The Indian rupee traded with zigzag mode against the US dollar due to fag-end demand for the greenback from importers amid lackluster local equities. Despite a firm start, the domestic currency showed signs of fatigue and succumbed to renewed dollar pressure even as domestic market participants stayed away from taking fresh positions ahead of a trading holiday on Tuesday. The release of the latest FOMC meeting minutes in which Fed...

  • posted by IMV |
  • 21/8/2018

Rupee settled higher against dollar over US-China trade talks The Indian rupee strengthened against the US dollar on optimism that trade tension between US and China will ease after planned talks due this week. Chinese and US trade negotiators will meet in Washington this week, with the aim of President’s Xi and Trump meeting in November, the Wall Street Journal reported. Traders also await the minutes of US Federal Reserve’s...

  • posted by IMV |
  • 20/8/2018

The Indian rupee weakened sharply in last week against dollar to a fresh record low after the country’s trade deficit widened to a five-year high as petroleum imports surged. The 10-year bond yield settled at 7.847%, from its previous close of 7.818%. In recent months, global activity indicators such as global PMI and world trade volumes have moderated. This along with an overvalued rupee could weigh on India’s exports and thus growth...

  • posted by IMV |
  • 16/8/2018

RBI steps in as Government says no need to worry yet The Indian rupee plunged sharply and hit a record low against the dollar as the currencies of emerging markets witnessed a rout, triggered by the crash in the Turkish lira. An absence of aggressive intervention by the RBI has also hurt the rupee. Market is nervous ahead of India's inflation data due later today. The dollar has strengthened to multi-month high on...

  • posted by IMV |
  • 14/8/2018

The Indian rupee registered a sharp decline against the US dollar as the biggest single-day drop in past five years. That marked the Indian currency's all-time closing low against the greenback. Other emerging market currencies plunged as investors preferred safe-havens such as the US dollar and the yen after a plunge in the Turkish Lira. The lira has fallen about 45 per cent against the US dollar so far this year on worries over...

  • posted by IMV |
  • 13/8/2018

Indian rupee weakened sharply against U.S Dollar on the back of rising wave of global currency turbulence amid fears of escalation in trade tensions worldwide. The Indian rupee hit a fresh 3-week low during the session. Forex market sentiment wobbled once again in line with sell-off in other emerging market currencies hit by the sudden wave of risk-off on mounting fears over a political crisis in Turkey. The Turkish lira plunged nearly...

  • posted by IMV |
  • 10/8/2018

The Indian rupee gained against dollar after the Reserve Bank of India announced payment of Rs 50,000 crore dividends to government, helping the centre to stick its fiscal road map. Overnight, a drop in the crude oil prices also supported the rally. RBI approved in its board meeting that it will pay Rs 50000 crore dividend for July-June 2018 year, 63% higher than previous year to government. The surplus transfer has come at a time when...

  • posted by IMV |
  • 09/8/2018

The Indian rupee extended its gain a bit against the US currency for the second-straight day on worsening US-China trade war. Though, the local currency gave back some of its early strong gains following renewed dollar demand from state-run oil marketing companies (OMCs). On the energy front, crude prices retreated after a brief overnight surge after China reported relatively weak import data, though the market remained well supported...