• posted by IMV |
  • 03/8/2018

Indian rupee maintained its uptrend for the third straight day against the US dollar as Reserve Bank of India (RBI) maintained its growth outlook for the economy. The RBI projected a gross domestic product (GDP) expansion rate of 7.4% in 2018-19 on the back of robust macroeconomic environment. Increased selling of the greenback by exporters and banks as the RBI hiked repo rate by 25 basis points on Wednesday too boosted the sentiment of rupee....

  • posted by IMV |
  • 02/8/2018

The rupee settled near a six week high against the dollar after the Reserve Bank of India increased its repo rate. The RBI raised policy rates by 25 basis points to 6.5% on account of inflationary pressures arising due to a hike in minimum support prices (MSPs) for crops. Earlier in its June meeting, the central bank had hiked the rate by 25 basis points to 6.25%.The 10-year bond yield rose to 7.85% from its Tuesday’s close of 7.773%. On the...

  • posted by IMV |
  • 01/8/2018

Eyes on US-Fed and RBI Policy meet…The Indian rupee settled near two-week high against the US dollar as foreign investors started buying in local equities market. Traders are cautious ahead of the Reserve Bank of India’s bi-monthly policy outcome today. As per the market source, RBI monetary policy committee may raise policy rates by 25 basis points but, it’s likely to maintain its neutral policy stance given the volatility in crude oil and food...

  • posted by IMV |
  • 31/7/2018

The Indian rupee traded sideways with lower bias against U.S Dollar. The currency has been stuck in this range over the last couple of month. Eyes on a series of major central banks meetings are scheduled this week. As such, volatility is likely in the coming days, which may increase the possibility of the rupee breaking its sideways range on either side. The Bank of Japan meeting today followed by the RBI meeting and the US Federal Reserve...

  • posted by IMV |
  • 30/7/2018

The Indian rupee traded slightly lower against the US currency, extending its fall for the first day of week due to sustained dollar demand from importers even as local equities hit a record high. A rally in domestic stock markets coupled with positive trade-related headlines provided an additional boost and largely weighed on the trading front despite rise in crude prices.  Forex sentiment witnessed a revival of enthusiasm as currency...

  • posted by IMV |
  • 27/7/2018

The Indian rupee rises against dollar close at a fresh one-week high as steady unwinding of the greenback by exporters and banks helped the local unit to extend gains for the fourth consecutive days.A rally in domestic stock markets coupled with positive trade-related headlines provided an additional boost and largely weighed on the trading front despite rise in crude prices.  Forex sentiment witnessed a revival of enthusiasm as currency...

  • posted by IMV |
  • 25/7/2018

The Indian rupee dropped slightly against the US currency, extending its fall for a third straight day due to sustained dollar demand from importers even as local equities hit a record high.  The rupee plunged to trade near its all-time low levels due to overnight gains in the dollar against global currencies. However, local unit regained capped the loss of rupee for a while. Ongoing trade war concern between US and China also weighted down...

  • posted by IMV |
  • 23/7/2018

The Indian rupee recovered from its all-time low as state-run banks sold dollars amid weakness emerge in the global market against its major peers. Price action suggests that the RBI intervened via state banks and that has helped the rupee recover. Asian currencies also reversed earlier declines triggered by China weakening the yuan’s daily fixing by the most in more than two years. The shift came after a sudden paring in the yuan’s drop, which...

  • posted by IMV |
  • 20/7/2018

The Indian rupee took a hard knock to cross below the 69.00 level near to historic mark of 69.32 against the US currency as upbeat comments on the US economy by the Federal Reserve Chairman drove the greenback to one-year high levels against global currencies. Extending its overnight bearish undertone, the rupee resumed substantially lower at the inter bank forex market on heavy demand for the American currency from importers and local...

  • posted by IMV |
  • 18/7/2018

The Indian rupee traded moderately higher against the US dollar as crude oil prices declined after comments from US Treasury secretary Steven Mnuchin. US officials suggested the US will take a softer stance on countries that import oil from Iran. Federal Reserve Chairman Jerome Powell delivered an upbeat assessment of the economy and said it justified continued interest rate increases. But he opened the door to a potential policy shift and...