• posted by IMV |
  • 30/5/2018

Fresh demand for the greenback from importers and banks led rupee lower against the dollar in early trades yesterday. Foreign fund outflows coupled with a lower opening of the domestic equity market too weighed on the rupee. Overseas, Asian stocks were trading lower as the political crisis in Italy worsened as a fresh election appeared likely in the eurozone's third-largest economy. Meanwhile, dollar index climbed to this year's high at 94.93...

  • posted by IMV |
  • 29/5/2018

The Indian rupee recovered sharply from its record low at the beginning of the second straight week against the dollar on increased selling of the greenback by exporters and banks. Besides increased selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market also boosted the sentiment of rupee. Overseas, Asian shares hovering in green territory as American and North Korean officials have met at...

  • posted by IMV |
  • 28/5/2018

The Indian rupee recovered sharply from its record low at the beginning of the second straight week against the dollar on increased selling of the greenback by exporters and banks. Besides increased selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market also boosted the sentiment of rupee. Overseas, Asian shares hovering in green territory as American and North Korean officials have met at...

  • posted by IMV |
  • 25/5/2018

The Indian rupee retreated from its 18-month low, on fresh selling of the US currency by exporters and banks. The minutes from the US Federal Reserve's meeting appeared to have reassured investors that the central bank will not be too aggressive with raising interest rates. Besides selling of the American currency by exporters and banks, slight weakness in the dollar against some other currencies overseas propped the rupee. Further, a higher...

  • posted by IMV |
  • 24/5/2018

The Indian rupee declined sharply yesterday against the dollar to hit a fresh 16-month low of 68.4925 per dollar ahead of the minutes of US Federal Reserve's last policy meet. Weakness in the domestic stock market and demand for the US currency from importers also weighed on the rupee. President Donald Trump stated that he was not satisfied with bilateral trade talks with China that occurred last week, but called them a start to working out the...

  • posted by IMV |
  • 23/5/2018

The Indian rupee tumbled further against rising U.S dollar after China and the US struck a deal to avert a trade war. Increased demand for the dollar from importers and banks after US Treasury Secretary Steven Mnuchin stated that, the trade war with China is on hold amid hopes of relaxing trade tensions between the two major economies also weighed down the local unit. Higher crude oil prices and losses in Asian currencies too influenced rupee...

  • posted by IMV |
  • 22/5/2018

The Indian rupee tumbled further yesterday against a strengthening dollar after China and the US struck a deal to avert a trade war. Increased demand for the dollar from importers and banks after US Treasury Secretary Steven Mnuchin stated that, the trade war with China was on hold, amid hopes of easing trade tensions between the two economies also weighed down the local unit. Higher crude oil prices and losses in Asian currencies too influenced...

  • posted by IMV |
  • 21/5/2018

The Indian rupee further weakened against the U.S dollar in early trades on fresh demand for the greenback from importers and banks. Crude oil's breach of the USD 80 per barrel mark in global market while, a bit higher opening of the domestic equity market may support the investor sentiment here. Increased demand for the US currency from importers and foreign fund outflows weighted down the rupee sentiment heavily. As high-level meetings between...

  • posted by IMV |
  • 17/5/2018

The Indian rupee extended its losses further in early trades but managed to rebound towards green territory on the back of fresh selling noticed of the US currency by exporters and banks. However, dollar's strength against other currencies overseas, as a surge in the benchmark 10-year Treasury yield above 3% reignited a rally that had lost steam last week, capped the rupee's gains. Yesterday, the rupee had lost sharply, the second biggest...

  • posted by IMV |
  • 15/5/2018

The Indian rupee weekend sharply higher on the back of fresh buying US currency by importers and banks amid expectation of lower opening in the domestic equity market. Currency traders stayed on the side-lines ahead of the critical inflation reading and the Karnataka election verdict. Widening nation's current-account and fiscal deficits against the grim backdrop of surging global crude prices have mainly hit the rupee, which has turned out to be...