• posted by IMV |
  • 07/9/2018

Currency Report 7th Sep 2018Rupee 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 no need for panic or...

  • posted by IMV |
  • 05/9/2018

Rupee keeps plunging, hits another record lowThe 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 contributed...

  • 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 rupee sentiment. Indian...

  • posted by IMV |
  • 03/9/2018

Currency Report 3rd September 2018Rupee breaches 71-mark against dollar for first timeThe 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...

  • 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 against a...

  • 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, after...

  • 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 the...

  • 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 benchmark lending rate...

  • 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 officials...