• posted by IMV |
  • 25/5/2018

The Indian rupee retreated from its 18-month low, on fresh selling of the US currency by exporters and banks. The minutes from the US Federal Reserve's meeting appeared to have reassured investors that the central bank will not be too aggressive with raising interest rates. Besides selling of the American currency by exporters and banks, slight weakness in the dollar against some other currencies overseas propped the rupee. Further, a higher...

  • posted by IMV |
  • 24/5/2018

The Indian rupee declined sharply yesterday against the dollar to hit a fresh 16-month low of 68.4925 per dollar ahead of the minutes of US Federal Reserve's last policy meet. Weakness in the domestic stock market and demand for the US currency from importers also weighed on the rupee. President Donald Trump stated that he was not satisfied with bilateral trade talks with China that occurred last week, but called them a start to working out the...

  • posted by IMV |
  • 23/5/2018

The Indian rupee tumbled further against rising U.S dollar after China and the US struck a deal to avert a trade war. Increased demand for the dollar from importers and banks after US Treasury Secretary Steven Mnuchin stated that, the trade war with China is on hold amid hopes of relaxing trade tensions between the two major economies also weighed down the local unit. Higher crude oil prices and losses in Asian currencies too influenced rupee...

  • posted by IMV |
  • 22/5/2018

The Indian rupee tumbled further yesterday against a strengthening dollar after China and the US struck a deal to avert a trade war. Increased demand for the dollar from importers and banks after US Treasury Secretary Steven Mnuchin stated that, the trade war with China was on hold, amid hopes of easing trade tensions between the two economies also weighed down the local unit. Higher crude oil prices and losses in Asian currencies too influenced...

  • posted by IMV |
  • 21/5/2018

The Indian rupee further weakened against the U.S dollar in early trades on fresh demand for the greenback from importers and banks. Crude oil's breach of the USD 80 per barrel mark in global market while, a bit higher opening of the domestic equity market may support the investor sentiment here. Increased demand for the US currency from importers and foreign fund outflows weighted down the rupee sentiment heavily. As high-level meetings between...

  • posted by IMV |
  • 17/5/2018

The Indian rupee extended its losses further in early trades but managed to rebound towards green territory on the back of fresh selling noticed of the US currency by exporters and banks. However, dollar's strength against other currencies overseas, as a surge in the benchmark 10-year Treasury yield above 3% reignited a rally that had lost steam last week, capped the rupee's gains. Yesterday, the rupee had lost sharply, the second biggest...

  • posted by IMV |
  • 15/5/2018

The Indian rupee weekend sharply higher on the back of fresh buying US currency by importers and banks amid expectation of lower opening in the domestic equity market. Currency traders stayed on the side-lines ahead of the critical inflation reading and the Karnataka election verdict. Widening nation's current-account and fiscal deficits against the grim backdrop of surging global crude prices have mainly hit the rupee, which has turned out to be...

  • posted by IMV |
  • 14/5/2018

The Indian rupee trimmed its early gains and ended almost flat the weekly session against the US currency in a highly volatile trade amid weak dollar cues. Subdued macroeconomic sentiment and continuous outflows of foreign funds coupled with rising geo-political tensions in the Middle-East after the decision of the US President to withdraw from the nuclear deal with Iran largely weighed down the sentiment of rupee too. Moreover, higher US dollar...

  • posted by IMV |
  • 11/5/2018

The Indian rupee erased most of the its early losses and was trading a bit higher against the US dollar in mid-day trading sessions. However, growing concerns over capital outflows as well as trade deficit worries due to rising crude prices kept rupee sentiment highly volatile throughout the day. Currency traders and speculators also taking cautionary approach due to rise of Middle-East tensions after the decision of US President Donald Trump to...

  • posted by IMV |
  • 10/5/2018

The Indian rupee plunged to a fresh 15 month low against the dollar in early trades after US President Donald Trump pulled the United States out of an international nuclear deal with Iran. Surging demand for the greenback as crude oil prices zoomed sharply amid foreign capital outflows further weighed down the currency excessively. Early losses in stock markets and demand for the US currency from importers also dampened rupee sentiments....