• posted by IMV |
  • 04/6/2018

The Indian rupee added further gains against the dollar on the back of selling the American currency by exporters and banks, weakness in the dollar against other currencies also supported the rupee. Last week, India’s Q4 GDP number showed growth of 7.7% compared to growth of 7.2% in the previous quarter. On the other hand, government data showed India’s fiscal deficit in the year ended March 2018 came in at 3.53% of GDP in line with the revised...

  • posted by IMV |
  • 01/6/2018

The Indian rupee added gains against the dollar in early trades on robust GDP growth data from India and a higher opening in the domestic equity market, influenced the rupee uptrend. Besides, selling of the American currency by exporters and banks, weakness in the dollar against other currencies also supported the rupee. Meanwhile, the dollar gave up earlier gains against major currencies as risk appetite improved after political turbulence in...

  • posted by IMV |
  • 31/5/2018

The Indian rupee recovered marginally against the dollar in early trades , as profit booking marked in the dollar against other currencies overseas weighed  up on the domestic unit. Sustained foreign fund inflow dampening demand for the US currency from exporters and banks amid a higher opening in the domestic equity market too supporting rupee sentiment to some extent. Overseas, Asian stocks traded in choppy mode as concerns about the...

  • posted by IMV |
  • 30/5/2018

Fresh demand for the greenback from importers and banks led rupee lower against the dollar in early trades yesterday. Foreign fund outflows coupled with a lower opening of the domestic equity market too weighed on the rupee. Overseas, Asian stocks were trading lower as the political crisis in Italy worsened as a fresh election appeared likely in the eurozone's third-largest economy. Meanwhile, dollar index climbed to this year's high at 94.93...

  • posted by IMV |
  • 29/5/2018

The Indian rupee recovered sharply from its record low at the beginning of the second straight week against the dollar on increased selling of the greenback by exporters and banks. Besides increased selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market also boosted the sentiment of rupee. Overseas, Asian shares hovering in green territory as American and North Korean officials have met at...

  • posted by IMV |
  • 28/5/2018

The Indian rupee recovered sharply from its record low at the beginning of the second straight week against the dollar on increased selling of the greenback by exporters and banks. Besides increased selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market also boosted the sentiment of rupee. Overseas, Asian shares hovering in green territory as American and North Korean officials have met at...

  • 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...