• posted by IMV |
  • 21/5/2018

The Indian rupee further weakened against the U.S dollar in early trades on fresh demand for the greenback from importers and banks. Crude oil's breach of the USD 80 per barrel mark in global market while, a bit higher opening of the domestic equity market may support the investor sentiment here. Increased demand for the US currency from importers and foreign fund outflows weighted down the rupee sentiment heavily. As high-level meetings between...

  • posted by IMV |
  • 17/5/2018

The Indian rupee extended its losses further in early trades but managed to rebound towards green territory on the back of fresh selling noticed of the US currency by exporters and banks. However, dollar's strength against other currencies overseas, as a surge in the benchmark 10-year Treasury yield above 3% reignited a rally that had lost steam last week, capped the rupee's gains. Yesterday, the rupee had lost sharply, the second biggest...

  • posted by IMV |
  • 15/5/2018

The Indian rupee weekend sharply higher on the back of fresh buying US currency by importers and banks amid expectation of lower opening in the domestic equity market. Currency traders stayed on the side-lines ahead of the critical inflation reading and the Karnataka election verdict. Widening nation's current-account and fiscal deficits against the grim backdrop of surging global crude prices have mainly hit the rupee, which has turned out to be...

  • posted by IMV |
  • 14/5/2018

The Indian rupee trimmed its early gains and ended almost flat the weekly session against the US currency in a highly volatile trade amid weak dollar cues. Subdued macroeconomic sentiment and continuous outflows of foreign funds coupled with rising geo-political tensions in the Middle-East after the decision of the US President to withdraw from the nuclear deal with Iran largely weighed down the sentiment of rupee too. Moreover, higher US dollar...

  • posted by IMV |
  • 11/5/2018

The Indian rupee erased most of the its early losses and was trading a bit higher against the US dollar in mid-day trading sessions. However, growing concerns over capital outflows as well as trade deficit worries due to rising crude prices kept rupee sentiment highly volatile throughout the day. Currency traders and speculators also taking cautionary approach due to rise of Middle-East tensions after the decision of US President Donald Trump to...

  • posted by IMV |
  • 10/5/2018

The Indian rupee plunged to a fresh 15 month low against the dollar in early trades after US President Donald Trump pulled the United States out of an international nuclear deal with Iran. Surging demand for the greenback as crude oil prices zoomed sharply amid foreign capital outflows further weighed down the currency excessively. Early losses in stock markets and demand for the US currency from importers also dampened rupee sentiments....

  • posted by IMV |
  • 09/5/2018

The Indian rupee weakened further against the dollar to trade at a fresh 15-month low due to appreciation of the American currency overseas amid sustained foreign capital outflows. Increased demand for the US currency from importers also weighed down the currency. Overseas, Asian markets were trading higher following firm leads from Wall Street. US stock market settled higher yesterday following a late-President Donald Trump pulled the...

  • posted by IMV |
  • 07/5/2018

The Indian rupee commenced flat against the dollar in early trades on Friday, 04 May 2018 and edged up slightly as the greenback weakened overseas ahead of monthly US jobs report and China-US trade meet outcome. Besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies as senior Chinese and US officials met in Beijing for a second day of trade talks, supported the domestic unit. However,...

  • posted by IMV |
  • 04/5/2018

The Indian rupee rebounded against the dollar in early trades on Thursday, 03 May 2018 on increased selling of the greenback by exporters and banks. Weakness in the dollar against some other currencies overseas, after the US Federal Reserve reaffirmed the outlook for more rate hikes this year, supported the rupee. The Fed retained its benchmark interest rate unchanged at 1.5 per cent to 1.75 per cent last night, but noted that inflation was...

  • posted by IMV |
  • 03/5/2018

Indian rupee commenced almost flat against the dollar in early trades on Thursday, 26 April 2018 and recovered from 14-month low seen in the previous session owing to fresh selling of the dollar by exporters and banks amidst higher opening in domestic equity market. Slight dollar weakness against other currencies overseas and a higher opening in the domestic equity market influenced the rupee uptrend. The domestic currency rebounded to trade...