• posted by IMV |
  • 11/4/2018

On Tuesday, the Rupee ended marginally higher to end at 64.99 against US Dollar showing a modest gain of 3 paise due to easing US-China trade war fears in market and demand of Dollars by importers and banks. Market players took some support with Mr. Suresh Prabhu statement (Commerce and Industry Minister) expressed hopes that India can benefit from the ongoing challenges in global trade they also added that government is taking steps to boost...

  • posted by IMV |
  • 10/4/2018

On Monday Indian Rupee ended marginally lower to close down 5 paise against American Currency due to fresh demand of US Dollar from importers and corporate amid Forex outflows. The domestic currency had risen to a one-month high of 64.85 at the outset on gains in equity markets Market players failed to get relief with the world economic situation. The prospect report of united Nations stated that Indian Economy is projected to grow at...

  • posted by IMV |
  • 09/4/2018

On Friday the rupee surrendered its initial gains and ended flat at 64.97 against the American Currency due to fresh demand of dollar from banks and importers. The rupee opened slightly higher at 64.92 against the US dollar from its overnight close of 64.97 at the inter-bank foreign exchange (forex) market amid positive sentiment surrounding the market following RBI’s positive outlook on growth-inflation dynamics.In the International market,...

  • posted by IMV |
  • 06/4/2018

On Thursday, Indian rupee strengthened against American Currency due to fresh selling of the US Currency by exporters and banks. Throughout the day rupee remained positive took support with the India Ratings and Research upgrading its India’s economic growth forecast to 7.4% for FY19 from 7.1% earlier forecast. RBI kept repo rate Unchanged at 6% in the First Monetary Policy committee meet of FY19 further improved the sentiments of market players....

  • posted by IMV |
  • 05/4/2018

On Wednesday, Indian rupee turned weak to 65.18 as domestic equities plunged on rising US-China trade war fears on sustained buying of the US Currency by importers and exporters.Investors also stayed on the sidelines ahead of the RBI monetary policy announcement on Thursday. The RBI is likely to hold the policy repo rate in its first bi-monthly monetary policy review for FY 2019 on April 5.The domestic unit opened by 4 paise at 64.97 at the inter...

  • posted by IMV |
  • 04/4/2018

On Tuesday, Indian rupee made a strong recovery against the buoyant US currency, surging by 17 paise on fresh bouts of dollar selling, due to selling of the US currency by exporters and banks and unfazed by escalating trade tensions between the US and China. A massive unwinding of dollar long positions by exporters and corporate predominantly lifted the forex sentiment. American Currency against other global currencies because of China has...

  • posted by IMV |
  • 03/4/2018

On Wednesday, Indian rupee plunged 21 paise against American Currency, following bouts of month-end dollar demand from banks and importers. Market players remained cautious with a private report stating that weak macroeconomic indicators like current account deficit and inflation have exposed India to adverse global macro developments such as US monetary policy trajectory and trade war risks. Investors even ignored the commerce ministry’s...

  • posted by IMV |
  • 28/3/2018

On Tuesday, Indian rupee snapped its three-day winning streak, surrendered its strong early gains and ended lower by 10 paise against the American currency, due to demand for greenback by banks and importers. Market players failed to get relief with the government’s decision to bring down market borrowings during the first-half of FY19 following careful assessment of its financial needs. Government will raise a gross Rs 2.88 lakh crore from...

  • posted by IMV |
  • 27/3/2018

Indian rupee extend its bullish trend for the second consecutive day, strengthened by another 10 paise against dollar owing to dollar sale by exporters and banks. Traders got some comfort with finance ministry’s statement that India is on track to doubling the size of its economy to $5 trillion by 2025. A spectacular relief rally in Indian equities further supported the forex sentiment. According to Government report the country is well poised to...

  • posted by IMV |
  • 26/3/2018

Rising for the second straight day, Indian rupee ended stronger against dollar on Friday, owing to dollar sale by exporters and banks. Traders took support with report that monsoon rains in India are likely to be unaffected by the El Nino weather pattern, which is likely to set in only after the four-month rainy season ends in September. Monsoon season delivers about 70 percent of India’s annual rainfall and is key to the success of the farm...