• posted by IMV |
  • 14/6/2018

The Indian rupee appreciated moderately against the US dollar after the US Federal Reserve increased a key interest rate again to puts the federal funds rate in a range between 1.75 and 2 % triggered higher rates on credit cards, home equity lines and other kinds of borrowing. Now eyes on European Central Bank meets in which members are poised to hold the first formal talks on ending its bond-buying program today. The Bank of Japan meets...

  • posted by IMV |
  • 13/6/2018

The Indian rupee dipped lower against the dollar in early ahead of Fed meeting outcome. Fresh demand for the US currency weighed down rupee but a higher opening in domestic stocks limited the fall. U.S. President Donald Trump stated that, he had forged a "good relationship" with North Korean leader Kim Jong Un on Tuesday, as their two countries tried to reach a diplomatic breakthrough at a landmark summit in Singapore. India’s retail inflation in...

  • posted by IMV |
  • 12/6/2018

Eyes on today’s consumer price index (CPI)-based inflation and index of industrial production (IIP) data. As per the market source, IIP will be at 6% for April from 4.4% a month ago. CPI inflation may come at 4.8% for May versus 4.58% last month. Moreover, investors will also keep an eye on the outcome of monetary policy reviews by the world’s three biggest central banks this weekThe Indian rupee strengthened slightly against weakness marked...

  • posted by IMV |
  • 11/6/2018

The Indian rupee strengthened slightly against weakness marked in last week against the dollar in early trades, maintaining its uptrend on increased selling of the greenback by exporters and banks. Investors were also eyeing the FED meet and US -North Korea summit this week which will decide the trend of most of the global currencies. A higher opening of the domestic equity market supported the rupee but the dollar's strength against some...

  • posted by IMV |
  • 07/6/2018

The Reserve Bank of India’s monetary policy committee has decided to increase the key repo rate by 25 basis points to 6.25%. CPI inflation forecast for 2018-19 revised to 4.8-4.9% in the first half and 4.7% in the second half, including the HRA impact. Projection for GDP growth for 2018-19 was maintained at 7.4%. GDP growth is projected in the range of 7.5-7.6% in first half and 7.3-7.4% in second half.The Indian rupee strengthened marginally...

  • posted by IMV |
  • 06/6/2018

All eyes on RBI's monetary policy todayThe Indian rupee strengthened marginally to a fresh one month high against the dollar in early trades, maintaining its uptrend for the third straight day, on increased selling of the greenback by exporters and banks. Investors were also eyeing the RBI's second bi-monthly monetary policy meeting of 2018-19 today. A higher opening of the domestic equity market supported the rupee but the dollar's strength...

  • posted by IMV |
  • 05/6/2018

The Indian rupee strengthened to a fresh one month high against the dollar in early trades, maintaining its uptrend for the second consecutive days, on increased selling of the greenback by exporters and banks. Investors were also eyeing the RBI's second bi-monthly monetary policy meeting of 2018-19, being held from June 4-6. A little higher opening of the domestic equity market supported the rupee but the dollar's strength against some...

  • posted by IMV |
  • 04/6/2018

The Indian rupee added further gains against the dollar on the back of selling the American currency by exporters and banks, weakness in the dollar against other currencies also supported the rupee. Last week, India’s Q4 GDP number showed growth of 7.7% compared to growth of 7.2% in the previous quarter. On the other hand, government data showed India’s fiscal deficit in the year ended March 2018 came in at 3.53% of GDP in line with the revised...

  • posted by IMV |
  • 01/6/2018

The Indian rupee added gains against the dollar in early trades on robust GDP growth data from India and a higher opening in the domestic equity market, influenced the rupee uptrend. Besides, selling of the American currency by exporters and banks, weakness in the dollar against other currencies also supported the rupee. Meanwhile, the dollar gave up earlier gains against major currencies as risk appetite improved after political turbulence in...

  • posted by IMV |
  • 31/5/2018

The Indian rupee recovered marginally against the dollar in early trades , as profit booking marked in the dollar against other currencies overseas weighed  up on the domestic unit. Sustained foreign fund inflow dampening demand for the US currency from exporters and banks amid a higher opening in the domestic equity market too supporting rupee sentiment to some extent. Overseas, Asian stocks traded in choppy mode as concerns about the...