• posted by IMV |
  • 15/3/2018

Indian Rupee rises for the third consecutive day, ended marginally stronger at 64.83 against American Currency on Wednesday due to sale of dollar by exporters and banks. The domestic unit witnessed volatility and hovered between a high of 64.83 and a low of 65.06 in intra-day deals. Support was also taken by traders with data indicated that India’s annual wholesale price inflation eased in February for the third straight month, helped by a softer...

  • posted by IMV |
  • 14/3/2018

Currency Alert: ECB President Mario Draghi saidMonetary policy will remain patient, persistent, and prudent. Sustained adjustment in the path of inflation towards target is the condition for net asset purchases to end. Still need to see further evidence that inflation dynamics are moving in the right direction. Now more confident than in the past that inflation is on the right track. But risks and uncertainties remain. Net asset purchases remain...

  • posted by IMV |
  • 14/3/2018

Indian rupee extended its gains for the second continuous day, ended stronger against dollar on Tuesday, due to selling of greenback by banks and importers. Market participants got some comfort with data indicating that India’s industrial output surged to 7.5% in the month of January 2018, as compared to 3.5% in the same month of the previous year and 7.1% in December 2017, while the retail inflation cooled down to a 4-month low of 4.44% in the...

  • posted by IMV |
  • 13/3/2018

Indian rupee closed 13 paise higher against the American Currency at 65.04 on Monday, on continued dollar selling by banks and exporters amid foreign capital inflows. Union commerce and industry minister Suresh Prabhu exuded confidence that India will become a $5 trillion economy in the next seven years, adding that India will be a bigger economy than China at some point of time positively impact the Income currency. The rupee opened at 64.94 and...

  • posted by IMV |
  • 12/3/2018

The rupee marginally lower against US dollar on weakened to 65.19 due to fresh demand for the American currency from banks and importers. Investors remained cautious with a private report that Indian retail inflation likely to stay above the Reserve Bank of India's target. But it also said that inflation may eased to a four-month low in February on softening prices for vegetable and other perishable foods. Selling was seen in the last hour of...

  • posted by IMV |
  • 09/3/2018

The rupee weakened against the US dollar on Thursday slipped 25 paise to end at 65.14 due to increased demand for the US currency from importers amid foreign fund outflows. The Indian currency opened 2 paise down at 64.91 and traded in the range of 65.14 and 64.89 in intra-day trade. Overall, the dollar recovered ground on Thursday and there were increased demand of US currency from importers drawing relief from positive labour market data and...

  • posted by IMV |
  • 07/3/2018

The rupee yesterday ended stronger against the US dollar to a fresh one-week high of 64.96, surging by 16 paise on account of selling of the greenback by exporters. Investors took some encouragement with credit ratings agency, Crisil’s latest report that India’s gross domestic product (GDP) growth will improve sharply to 7.5% in the next fiscal year 2018-19 (FY19) from 6.5% expected this fiscal, propelled by domestic consumption, policy push, and...

  • posted by IMV |
  • 06/3/2018

Commodity Alert : Dollar remains weak despite unlikely trade warThe dollar continued to stay weak although a global trade war initiated by Trump’s harsh tariff plan becomes less likely. Despite U.S. President Donald Trump’s strong remark that no country can be exempt from the tariffs on steel and aluminum imports, investors tend not to see it translate into policy as both Republicans and Democrats oppose the plan, cooling down fears of a global...

  • posted by IMV |
  • 06/3/2018

On Monday Indian rupee succumbed to some dollar pressure, paired most of its early gains but still ended higher by 5 paise at 65.12, due to selling of dollar by banks, exporters and importers. Some support was taken by traders as Finance Minister Arun Jaitley’s gave statement that India would retain its position of fastest growing economy in the coming decades, like China did in the last three decades. US President Donald Trump revealed his plans...

  • posted by IMV |
  • 05/3/2018

Indian rupee ended tad higher against dollar on Thursday, owing to dollar sale by exporters and banks. Traders took some support with report that the Indian economy grew at five-quarter high of 7.2% in the October-December period of the fiscal year 2017-18 (FY18), as against 6.5% in the previous quarter and 6.8% in the same period last year, on the back of a sharp pickup in the services sector, a rebound in industrial activity, especially...