• posted by IMV |
  • 01/3/2018

The rupee fell further on Wednesday by a steep 30 paise settled at three-month low of 65.17 against the US dollar, Cautiousness remained in the markets with report that growth in India’s factory activity slowed to a four-month low in February as new orders eased and weighed on output after manufacturers raised prices at the fastest pace in a year. The forex market sentiment turned highly fragile after the new Fed Chairman Jerome Powell gave a...

  • posted by IMV |
  • 28/2/2018

Yesterday Indian rupee depreciated by 17 paise to 64.96 for second straight day against the US dollar due to increased demand for the US currency from importers, Banks and also weak domestic equity markets on the rupee. Market nervousness over possible fiscal slippages due to a sudden spike in global crude prices along with massive capital outflows added to the volatility. The Indian currency traded in a tight range in low volumes and hovered...

  • posted by IMV |
  • 27/2/2018

Indian rupee ended marginally weaker against the American currency on Monday, due to fresh dollar demand from banks and importers. Sentiments remained down-beat with report that overseas investment by Indian companies fell by nearly 70 per cent to $866 million in January this year. Investors even overlooked a private report stating that India’s economic recovery is expected to have gathered momentum and GDP growth is likely to grow at its fastest...

  • posted by IMV |
  • 23/2/2018

Indian rupee ended considerably weaker against the US dollar on Thursday, on the back of consistent demand for the greenback from state-run banks and importers. Sentiments remained down-beat on report that the country’s investment climate during April-December period of this fiscal looks subdued with declining figures in announcements of new projects and the number of projects under execution. The value of investment in new projects during...

  • posted by IMV |
  • 22/2/2018

Currency Alert: Dollar stands tall after Fed minutes back more U.S. rate increasesThe dollar rose to a one-week high against a basket of major currencies, after minutes of the Federal Reserve's January meeting showed policymakers were more confident of the need to keep raising interest rates. A more upbeat take on inflation in the minutes of the Fed's Jan. 30-31 policy meeting bolstered expectations for rate hikes. U.S. short-term interest-rate...

  • posted by IMV |
  • 22/2/2018

Indian rupee pared all of its initial losses and ended tad higher against dollar on Wednesday, owing to dollar sale by exporters and banks. Traders took some support with foreign brokerage report that India’s medium-term potential growth is likely to be above 7 percent, backed by policy reforms, higher investments and stable global growth environment. The report added that India ranks higher in medium-term growth potential compared to other...

  • posted by IMV |
  • 21/2/2018

Stretching slide for the second straight session, Indian rupee depreciated to near three-month low against dollar on Tuesday, on increased selling of the US currency by exporters and banks. The domestic currency made a weak start and remained under pressure throughout the day due to the dollar strength against other currencies overseas. Traders also remained concerned after the government said the amount of money claimed by exporters as tax...

  • posted by IMV |
  • 20/2/2018

Currency Alert: Forex - Dollar Extends Gains but Outlook Remains CloudedThe dollar moved higher against a currency basket , continuing its rebound from last week’s three year lows, but the outlook remained clouded by concerns over the outlook for the U.S. fiscal deficit.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.46%. The dollar has weakened in recent months as expectations for...

  • posted by IMV |
  • 20/2/2018

Indian Money market remained closed on Monday on account of Chhatrapati Shivaji Maharaj Jayanti.Indian rupee ended considerably weaker against the US dollar on Friday, faced with heavy demand for the American currency from importers and banks. Sentiments remained sluggish with the report that the overall trade deficit widened to $16298.47 million during the month under review as against $9904.82 million in January 2017, the highest in more than...

  • posted by IMV |
  • 15/1/2018

 Currency Report 15th Jan 2018Indian rupee trimmed some of its early gains but still managed to end higher against the American currency on Friday, on continued dollar selling by banks and exporters. Sentiments remained positive with Niti Aayog Vice Chairman Rajiv Kumar’s statement that economy is expected to clock growth of 7.5 percent in 2018. He further noted that as the economy picks up, employment will pick up. Besides, a weak dollar...