• posted by IMV |
  • 03/7/2018

The Indian rupee tumbled down moving towards its record during in early trades breaking below Rs 69 per dollar, as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure. Global oil prices have climbed after the US asked its allies to end all imports of...

  • posted by IMV |
  • 02/7/2018

The Indian rupee traded flat on suspected RBI interventions last week curbed any major weakness for the currency and as the dollar weakened against its major crosses also added gain in it. On Friday, data released by the RBI showed India’s FX reserves saw further erosion of USD 2.25billion and reserves for the week ended June 22 stands at USD 407.81 billion. Global oil prices retreated from its recent peak after the President Trump tweeted on...

  • posted by IMV |
  • 29/6/2018

The Indian rupee tumbled down yesterday to its lowest level on record during early trades on Thursday, 28 June 2018, breaking below Rs 69 per dollar, as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure. Global oil prices have climbed after the US asked...

  • posted by IMV |
  • 28/6/2018

Rupee depreciates 7.2% vs Dollar in 2018; worst performing Asian currencyThe Indian rupee depreciated sharply against the dollar in early trades as demand for the American unit from importers and banks picked up. The domestic equity markets likely to open lower also putting pressure on the rupee but the dollar falling to a two-week-low against the yen on global trade concerns capped the losses. Asian stocks fell as investors assessed prospects...

  • posted by IMV |
  • 27/6/2018

The Indian rupee depreciated against the dollar in early trades as demand for the American unit from importers and banks picked up. The domestic equity markets opening lower also put pressure on the rupee but the dollar falling to a two-week-low against the yen on global trade concerns capped the losses. Asian stocks fell as investors assessed prospects for continuing trade tensions between US and China. The greenback had climbed to the 11-month...

  • posted by IMV |
  • 26/6/2018

The Indian rupee depreciated slightly against the dollar in early trades as demand for the American unit from importers and banks picked up. The domestic equity markets opening lower also put pressure on the rupee but the dollar falling to a two-week-low against the yen on global trade concerns capped the losses.  Overseas, Asian stocks fell as investors assessed prospects for continuing trade tensions between US and China. US stocks climbed...

  • posted by IMV |
  • 25/6/2018

The Indian rupee dipped lower against the dollar in early trades due to fresh buying of the American currency by importers amid sustained foreign fund outflows. Dollar hovering near an 11-month high against a basket of currencies overseas, supported by a rise in US yields, also weighed on the rupee but a higher opening of the domestic equity markets limited the fall. The dollar index DXY against a group of six major currencies made a high of...

  • posted by IMV |
  • 22/6/2018

Indian rupee gained sharply against the US dollar due to sustained selling of the American currency by exporters and local banks even as Fed officials strike a hawkish tone. sentiment swung back in favor of the domestic currency after the Reserve Bank of India's June meeting minutes signaled that the central bank will rely on data for future rate hike decisions. Investor sentiment also turned positive following higher opening of the domestic...

  • posted by IMV |
  • 21/6/2018

The Indian rupee traded in a tight range with recovery mode against the from its near 1-month low on fresh selling of the American currency by banks and exporters. Selling of the greenback by banks and exporters supported the rupee but the dollar's strength against other currencies overseas capped the gains. Investor sentiment also turned positive following higher opening of the domestic equity market. Overseas, Asian stocks were mixed, with...

  • posted by IMV |
  • 20/6/2018

The Indian rupee retreated from its recent peak against the dollar despite rising demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee. Overseas, Asian stocks almost traded flat after US President Donald Trump fired a fresh salvo in the ongoing trade spat between the US and China. In US, the Dow Jones Industrial Average still hovering in bear zone fears over trade tensions...