• posted by IMV |
  • 25/4/2018

On Tuesday, The Indian rupee rebounded by 8 paise against the dollar in opening trades on Tuesday, 24 April 2018 on some selling of the greenback by exporters and banks. A higher opening of domestic equities too lifted the domestic currency. In global trade, the US dollar had strengthened against major world currencies overseas, while investors maintained focus on the US Treasury market, where the 10-year yields were near with 3 per cent. In the...

  • posted by IMV |
  • 24/4/2018

On Monday, Indian rupee fell sixth straight day to as low as 66.49 against the American Currency, ended considerably weaker against dollar on Monday, due to heavy foreign capital outflows. On a net basis, foreign portfolio investors had sold shares worth Rs 21.02 crore on Friday. Since start of April, foreign investors (FII) have e sold nearly a combined $1.4 billion in equity and debt market on the worries of an increase in crude oil prices,...

  • posted by IMV |
  • 23/4/2018

On Friday, Indian rupee breached and crashed below the key 66 level to hits its lowest thirteen-month low of 66.12 against the American currency, due to continuous demand for the greenback from importers and banks, firming crude prices and a more hawkish tone of the Reserve Bank. This is the lowest closing level of the rupee since March 10, 2017, when it had settled at 66.60 against the US dollar. Traders remained under pressure with the minutes...

  • posted by IMV |
  • 20/4/2018

On Thursday, Indian rupee continued its Downward trend for a fourth straight session to hit a low of 65.80 against American currency due to continued demand for the American currency by banks and importers. Market players failed to get the support with report that the Reserve Bank of India is expected to go for a 25-basis points rate cut in key rates because of normal monsoon forecast. However, Positive trend in equity market capped the rupee’s...

  • posted by IMV |
  • 19/4/2018

On Wednesday the Indian rupee ended marginally weaker slipped by 2 paise seven-month low of 65.66 against the American Currency due to fresh dollar demand by banks and importers also forex outflows, extended its fall for a third day amid surging crude prices. Traders were concerned with a private report that India’s economy will be hit hard by a combination of a global tariff war it noted that tariff war will reduce exports and lead to imported,...

  • posted by IMV |
  • 18/4/2018

On Tuesday, Indian rupee continue with second straight day downtrend weakened to 65.64 against American currency due to continued demand of American dollar with its growing strength overseas. Market players remined concerned with former president Pranab Mukherjee’s statement that Country’s demographic dividend runs the risk of turning into demographic disaster if employment is not generated. In the International Market, the dollar was flat...

  • posted by IMV |
  • 17/4/2018

On Monday, Indian rupee ended considerably weaker plunged by 29 paise to hit a fresh five months low of 65.49 against American currency on widening trade deficit concerns amid heightened geopolitical worries. As per the data India’s trade deficit widened 28.5% to $13.7 billion in March. So, the Annual deficit increased to $87.2 billion, amid concerns over global trade. On the global front, On Monday the dollar slipped further against the yen as...

  • posted by IMV |
  • 16/4/2018

Forex Alert: Dollar firms after Syria strikes, nears two-month high versus yenThe dollar firmed, hovering near a two-month high against the yen, after the market gained some clarity following military strikes on Syria by the United States and its allies at the weekend. The United States, France and Britain launched missiles targeting what the Pentagon said were chemical weapons facilities in Syria on Saturday, in retaliation for a suspected...

  • posted by IMV |
  • 16/4/2018

On Friday, Indian rupee strengthened by a further 6 paise against the US dollar on the back of positive macroeconomic data and upbeat local equities and sell of Dollar by banks and corporate. Market players took some support with the data showing that Industrial Production grew at faster rate of 7.1% in the month of February while retail Inflation softened to a five-month low of 4.28% in the month of March 2018. For the week, the Indian unit...

  • posted by IMV |
  • 13/4/2018

On Thursday, Indian rupee ended marginally higher against American currency pared all of its initial losses due to sale of US Dollar by importers and corporate. Market players took some support with the report that declared that India has jumped 13 places in the last one year to earn 130th spot in the latest annual Index of Economic Freedom Released by a top American think tank. The index of consumer price inflation in India stood at 4.28 percent...