• posted by IMV |
  • 08/8/2018

The Indian rupee traded in a tight range against the US dollar amid continued trade war concern and political uncertainty in UK . As per Credit Suisse report, the weakness in rupee is expected to continue further and the domestic currency could touch 70 per US dollar if crude oil prices continue moving upward, According to the global financial services, rupee remains vulnerable to unexpected USD strength against the G10 currencies and...

  • posted by IMV |
  • 07/8/2018

The Indian traded sideways against the US dollar, tracking gains in local equity market and Asian currencies. So far this year, the rupee has weakened 7%, while foreign investors have sold $534.60 million and $5.69 billion in equity and debt markets, respectively. Though, Asian currencies were trading higher after China’s central bank lent more support to the Yuan by announcing a rule tweak that will make it more expensive to bet...

  • posted by IMV |
  • 06/8/2018

The Indian rupee settled last week a bit higher against the US dollar after local equity markets surged near record highs. During the RBIs monitory policy review on 1st of Aug, Reserve Bank of India has maintained its growth outlook for the economy, estimating the country's Gross Domestic Product (GDP) to grow at 7.4 percent in 2018-19.The MPC noted that GDP growth would range between 7.5 and 7.6 percent in H1 and 7.3 to 7.4 percent in...

  • posted by IMV |
  • 03/8/2018

Indian rupee maintained its uptrend for the third straight day against the US dollar as Reserve Bank of India (RBI) maintained its growth outlook for the economy. The RBI projected a gross domestic product (GDP) expansion rate of 7.4% in 2018-19 on the back of robust macroeconomic environment. Increased selling of the greenback by exporters and banks as the RBI hiked repo rate by 25 basis points on Wednesday too boosted the sentiment...

  • posted by IMV |
  • 02/8/2018

The rupee settled near a six week high against the dollar after the Reserve Bank of India increased its repo rate. The RBI raised policy rates by 25 basis points to 6.5% on account of inflationary pressures arising due to a hike in minimum support prices (MSPs) for crops. Earlier in its June meeting, the central bank had hiked the rate by 25 basis points to 6.25%.The 10-year bond yield rose to 7.85% from its Tuesday’s close of 7.773%....

  • posted by IMV |
  • 01/8/2018

Eyes on US-Fed and RBI Policy meet… The Indian rupee settled near two-week high against the US dollar as foreign investors started buying in local equities market. Traders are cautious ahead of the Reserve Bank of India’s bi-monthly policy outcome today. As per the market source, RBI monetary policy committee may raise policy rates by 25 basis points but, it’s likely to maintain its neutral policy stance given the volatility in...

  • posted by IMV |
  • 31/7/2018

The Indian rupee traded sideways with lower bias against U.S Dollar. The currency has been stuck in this range over the last couple of month. Eyes on a series of major central banks meetings are scheduled this week. As such, volatility is likely in the coming days, which may increase the possibility of the rupee breaking its sideways range on either side. The Bank of Japan meeting today followed by the RBI meeting and the US Federal...

  • posted by IMV |
  • 30/7/2018

The Indian rupee traded slightly lower against the US currency, extending its fall for the first day of week due to sustained dollar demand from importers even as local equities hit a record high.  A rally in domestic stock markets coupled with positive trade-related headlines provided an additional boost and largely weighed on the trading front despite rise in crude prices.  Forex sentiment witnessed a revival of...

  • posted by IMV |
  • 27/7/2018

The Indian rupee rises against dollar close at a fresh one-week high as steady unwinding of the greenback by exporters and banks helped the local unit to extend gains for the fourth consecutive days. A rally in domestic stock markets coupled with positive trade-related headlines provided an additional boost and largely weighed on the trading front despite rise in crude prices.  Forex sentiment witnessed a revival of enthusiasm...

  • posted by IMV |
  • 25/7/2018

The Indian rupee dropped slightly against the US currency, extending its fall for a third straight day due to sustained dollar demand from importers even as local equities hit a record high.  The rupee plunged to trade near its all-time low levels due to overnight gains in the dollar against global currencies. However, local unit regained capped the loss of rupee for a while. Ongoing trade war concern between US and China also...