• posted by IMV |
  • 22/6/2018

Indian rupee gained sharply against the US dollar due to sustained selling of the American currency by exporters and local banks even as Fed officials strike a hawkish tone. sentiment swung back in favor of the domestic currency after the Reserve Bank of India's June meeting minutes signaled that the central bank will rely on data for future rate hike decisions. Investor sentiment also turned positive following higher opening of the domestic...

  • posted by IMV |
  • 21/6/2018

The Indian rupee traded in a tight range with recovery mode against the from its near 1-month low on fresh selling of the American currency by banks and exporters. Selling of the greenback by banks and exporters supported the rupee but the dollar's strength against other currencies overseas capped the gains. Investor sentiment also turned positive following higher opening of the domestic equity market. Overseas, Asian stocks were mixed, with...

  • posted by IMV |
  • 20/6/2018

The Indian rupee retreated from its recent peak against the dollar despite rising demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee. Overseas, Asian stocks almost traded flat after US President Donald Trump fired a fresh salvo in the ongoing trade spat between the US and China. In US, the Dow Jones Industrial Average still hovering in bear zone fears over trade tensions...

  • posted by IMV |
  • 14/6/2018

The Indian rupee appreciated moderately against the US dollar after the US Federal Reserve increased a key interest rate again to puts the federal funds rate in a range between 1.75 and 2 % triggered higher rates on credit cards, home equity lines and other kinds of borrowing. Now eyes on European Central Bank meets in which members are poised to hold the first formal talks on ending its bond-buying program today. The Bank of Japan meets...

  • posted by IMV |
  • 13/6/2018

The Indian rupee dipped lower against the dollar in early ahead of Fed meeting outcome. Fresh demand for the US currency weighed down rupee but a higher opening in domestic stocks limited the fall. U.S. President Donald Trump stated that, he had forged a "good relationship" with North Korean leader Kim Jong Un on Tuesday, as their two countries tried to reach a diplomatic breakthrough at a landmark summit in Singapore. India’s retail inflation in...

  • posted by IMV |
  • 12/6/2018

Eyes on today’s consumer price index (CPI)-based inflation and index of industrial production (IIP) data. As per the market source, IIP will be at 6% for April from 4.4% a month ago. CPI inflation may come at 4.8% for May versus 4.58% last month. Moreover, investors will also keep an eye on the outcome of monetary policy reviews by the world’s three biggest central banks this weekThe Indian rupee strengthened slightly against weakness marked...

  • posted by IMV |
  • 11/6/2018

The Indian rupee strengthened slightly against weakness marked in last week against the dollar in early trades, maintaining its uptrend on increased selling of the greenback by exporters and banks. Investors were also eyeing the FED meet and US -North Korea summit this week which will decide the trend of most of the global currencies. A higher opening of the domestic equity market supported the rupee but the dollar's strength against some...

  • posted by IMV |
  • 07/6/2018

The Reserve Bank of India’s monetary policy committee has decided to increase the key repo rate by 25 basis points to 6.25%. CPI inflation forecast for 2018-19 revised to 4.8-4.9% in the first half and 4.7% in the second half, including the HRA impact. Projection for GDP growth for 2018-19 was maintained at 7.4%. GDP growth is projected in the range of 7.5-7.6% in first half and 7.3-7.4% in second half.The Indian rupee strengthened marginally...

  • posted by IMV |
  • 06/6/2018

All eyes on RBI's monetary policy todayThe Indian rupee strengthened marginally to a fresh one month high against the dollar in early trades, maintaining its uptrend for the third straight day, on increased selling of the greenback by exporters and banks. Investors were also eyeing the RBI's second bi-monthly monetary policy meeting of 2018-19 today. A higher opening of the domestic equity market supported the rupee but the dollar's strength...

  • posted by IMV |
  • 05/6/2018

The Indian rupee strengthened to a fresh one month high against the dollar in early trades, maintaining its uptrend for the second consecutive days, on increased selling of the greenback by exporters and banks. Investors were also eyeing the RBI's second bi-monthly monetary policy meeting of 2018-19, being held from June 4-6. A little higher opening of the domestic equity market supported the rupee but the dollar's strength against some...