• posted by IMV |
  • 28/3/2018

On Tuesday, Indian rupee snapped its three-day winning streak, surrendered its strong early gains and ended lower by 10 paise against the American currency, due to demand for greenback by banks and importers. Market players failed to get relief with the government’s decision to bring down market borrowings during the first-half of FY19 following careful assessment of its financial needs. Government will raise a gross Rs 2.88 lakh crore from...

  • posted by IMV |
  • 27/3/2018

Indian rupee extend its bullish trend for the second consecutive day, strengthened by another 10 paise against dollar owing to dollar sale by exporters and banks. Traders got some comfort with finance ministry’s statement that India is on track to doubling the size of its economy to $5 trillion by 2025. A spectacular relief rally in Indian equities further supported the forex sentiment. According to Government report the country is well poised to...

  • posted by IMV |
  • 26/3/2018

Rising for the second straight day, Indian rupee ended stronger against dollar on Friday, owing to dollar sale by exporters and banks. Traders took support with report that monsoon rains in India are likely to be unaffected by the El Nino weather pattern, which is likely to set in only after the four-month rainy season ends in September. Monsoon season delivers about 70 percent of India’s annual rainfall and is key to the success of the farm...

  • posted by IMV |
  • 26/3/2018

Dollar IndexDollar Index... Below 89.30 will see steep fall till 88.80---88.30 mark (See Chart)88.00 act as major support. Hurdle seen at 90.00✔ Have patience and trade with levels only.EURUSDEURUSD... Support at 1.2150 and resistance at 1.2400 (See chart)Two consecutive close above 1.2400 will see sharp upside rally till 1.2700---1.2850 mark in days to come else it could test its support again✔ Fresh selling will see only close below 1.2150 mark...

  • posted by IMV |
  • 23/3/2018

After the continuous downfall, Indian rupee bounced back against the Greenback on Thursday, on the back of fresh dollar selling by exporters and some banks. Traders took support with a report that private equity (PE) investments witnessed a two-fold jump in February with transactions worth $1.3 billion taking the deal tally for the first two months of this year to $2.3 billion. There were 62 PE deals worth $1,330 million, while in the...

  • posted by IMV |
  • 22/3/2018

On Wednesday, Indian rupee ended marginally lower against American Currency, due to fresh demand for the American currency from banks and importers. Traders were concerned with report that a private investment bank has downgraded India’s economic forecasts from 8% to 7.6% for Financial Year 2018-19. It, however, retained growth forecast for FY20 at 8.3%. The investment bank lowered the growth projection in the wake of multi-billion banking scam...

  • posted by IMV |
  • 21/3/2018

On Tuesday Indian rupee ended marginally down 2 paise at 65.19 against US dollar, due to fresh demand for US Dollar from banks and importers and a choppy domestic equity market. Traders were concerned with Bibek Debroy’s statement that India’s net exports are not doing well even as the global economy is on the recovery path. Debroy’s further highlighted that India is facing a dilemma from the point of view of pushing exports, as exporters would...

  • posted by IMV |
  • 20/3/2018

The rupee with the continuous downtrend for the third day session ended weaker by 23 paise against the US dollar to 65.17 on Monday, on increased selling of the American currency by exporters and banks and also the greenback firmed up ahead of US Federal Reserve’s policy meet this week. Sentiments remained dampened with report that India’s October-December current account deficit sharply widened from a year earlier on higher imports. The current...

  • posted by IMV |
  • 19/3/2018

Indian rupee closed marginally lower at 64.94 against the US dollar, due to fresh demand of US dollar from banks and importers, weak trade data and expectations of a rate hike by the US Federal Reserve. Rupee opened lower at 64.95 per dollar as against Thursday at the inter-bank foreign exchange on unabated foreign fund outflows. Traders were also concerned with data indicated that the overall trade deficit widened to $11979.21 million during the...