• posted by IMV |
  • 29/12/2017

Currency Report 29th December 2017Snapping two day falling streak, Indian rupee bounced back against the Greenback on Thursday, on the back of fresh dollar selling by exporters and some banks. Traders took some support with report that the capital markets regulator, Securities and Exchange Board of India (SEBI) is likely to ease entry norms for FPIs willing to invest in the Indian markets. It may ease some rules, including expanding the eligible...

  • posted by IMV |
  • 28/12/2017

Currency Report 28th December 2017Continuing its downward slide for the second day in a row, Indian rupee ended marginally weaker against dollar on Wednesday, on the back of sustained month-end demand for the US currency from importers and banks. Sentiments remained dampened with Grant Thornton’s latest International Business Report (IBR) stating that though business leaders in India remained largely positive, their level of optimism has dropped...

  • posted by IMV |
  • 27/12/2017

Currency Report 27th December 2017Indian rupee ended marginally lower against US dollar on Tuesday, due to fresh demand for the American currency from banks and importers. Trading sentiments remained subdued with report that foreign investors have pulled out Rs 7,300 crore from the country’s stock markets this month so far, primarily due to rising crude prices and widening fiscal deficit. However, the home unit managed to restrict fall, taking...

  • posted by IMV |
  • 21/12/2017

Currency Report 21st December 2017Indian rupee depreciated against the US dollar on Wednesday, hurt by fresh demand for the American currency from importers. Sentiments remained down-beat with Federation of Indian Chambers of Commerce and Industry’s (FICCI’s) latest quarterly survey indicating that manufacturing sector outlook is slightly less optimistic in third quarter of the current fiscal year (Q3), pointing to factors like rupee...

  • posted by IMV |
  • 20/12/2017

Currency Report 20th December 2017Indian rupee ended higher against the dollar on Tuesday, with the American currency coming under heavy selling by banks and exporters. Sentiment got up-beat with the private report highlighting brighter growth prospects for India by FY20 and beyond. The report also stated that India’s growth prospect is likely to see a slowdown in the next two years followed by recovery in the medium term, with 2019-20 GDP...

  • posted by IMV |
  • 19/12/2017

Currency Report 19th December 2017Indian rupee pared most of its early losses but still ended weaker against the American currency on Monday, due to fresh dollar demand from banks and importers. Investors failed to get some support with statement of an UN expert that India can achieve an 8% growth rate for the next two decades by promoting investment and improving the living conditions of its people. However, domestic unit recovered from early...

  • posted by IMV |
  • 18/12/2017

Currency Report 18th December 2017Continuing its winning run for the second straight session, Indian rupee ended significantly higher against dollar on Friday, due to sustained selling of the US currency by exporters and banks. Traders took encouragement with exit polls indicating both Himachal Pradesh and Gujarat going in favor of ruling BJP. Exit polls conducted by various polling agencies for news channels have predicted that BJP would retain...

  • posted by IMV |
  • 15/12/2017

Currency Report 15th December 2017After a two-day fall, Indian rupee gained ground against dollar and ended higher on Thursday, due to selling of the US currency by exporters and banks. Local currency got some support with a private report stating that India’s economic growth has bottomed out and the GDP growth will recover further to 7% over the next few quarters. Besides, gains in the domestic equity markets also influenced the rupee sentiment....

  • posted by IMV |
  • 14/12/2017

Currency Report 14th December 2017Fed raises rates a quarter pointRecouping most of the early losses, Indian rupee ended tad lower against the dollar on Wednesday for the second straight day, on the back of demand of the US currency from importers and banks. A negative set of macroeconomic data weighted down on the rupee sentiments. India’s industrial growth in October hit a 3-month low of 2.2%, while retail inflation in November climbed to a...