• posted by IMV |
  • 16/4/2018

Forex Alert: Dollar firms after Syria strikes, nears two-month high versus yenThe dollar firmed, hovering near a two-month high against the yen, after the market gained some clarity following military strikes on Syria by the United States and its allies at the weekend. The United States, France and Britain launched missiles targeting what the Pentagon said were chemical weapons facilities in Syria on Saturday, in retaliation for a suspected...

  • posted by IMV |
  • 16/4/2018

On Friday, Indian rupee strengthened by a further 6 paise against the US dollar on the back of positive macroeconomic data and upbeat local equities and sell of Dollar by banks and corporate. Market players took some support with the data showing that Industrial Production grew at faster rate of 7.1% in the month of February while retail Inflation softened to a five-month low of 4.28% in the month of March 2018. For the week, the Indian unit...

  • posted by IMV |
  • 13/4/2018

On Thursday, Indian rupee ended marginally higher against American currency pared all of its initial losses due to sale of US Dollar by importers and corporate. Market players took some support with the report that declared that India has jumped 13 places in the last one year to earn 130th spot in the latest annual Index of Economic Freedom Released by a top American think tank. The index of consumer price inflation in India stood at 4.28 percent...

  • 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...