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EMERGING MARKETS – Indian rupee hits low

* Indian stocks up as much as 0.9%, hit 1-1/2-week high * Broader Asian equities track global rally * China shares gain after return from week-long holiday By Harish Sridharan Oct 8 (Reuters) – The Indian rupee hit its lowest in five-and-a-half months on Friday, while stocks firmed, after its central bank left key rates […]

Indian rupee: likely to remain muted

The Indian rupee is expected to remain muted against the dollar when trading opens on Thursday, October 7, 2021 after suffering its biggest one-day decline in six months in the previous session amid a massive sell-off of national actions. Additionally, caution ahead of the Reserve Bank of Indias (RBI) Monetary Policy Committee (MPC) decision after […]

High oil prices weigh on the Indian rupe...

(MENAFN- Khaleej Times) The Indian rupee fell 21 paise to 74.65 against the US dollar (20.34 against the UAE dirham) on Wednesday morning as the rise in oil prices and the strengthening of the currency American investors weighed on investor sentiment. In the Indian interbank market, the rupee opened on a low note at 74.63, […]

Indian rupee stalls decline ahead of key...

USD / INR consolidates ahead of next push towards 75.00. The spot wobbles inside an ascending channel, waiting for new momentum. Bullish RSI, crossing point towards a test of the channel obstacle at 74.75. USD / INR clings to the recent trading range around the midpoint of 74.00, after ending almost unchanged on Tuesday despite […]

Indian rupee drops 19 paise to close at ...

The rupee fell 19 paise to close at 74.31 against the US dollar on Monday as a stronger greenback against its main rivals and rising crude oil prices weighed on investor sentiment. In the interbank forex market, the local currency opened at 74.16 and experienced an intraday high of 74.13 and a low of 74.41 […]

USD / INR: Indian Rupee Forex Report Oct...

USD / INR- Indian currency is falling sharply due to the surge in crude oil. Despite the depreciation, it remains defensive, remaining close to 74. As a result, it stood at 74.32 on 04 October. The Indian Rupee was trading between 74.120 and 74.423 today. Now, the influx of dollars and the intervention of the […]

Indian rupee drops to 20.20 against UAE ...

The US dollar index was trading up 0.02 percent at 94.05. The Indian rupee lost five paise to 74.17 against the US dollar (20.20 against the UAE dirham) when trade opened on Monday, in line with its Asian peers amid a strengthening currency American in the overseas market. In the Indian interbank foreign exchange market, […]

Indian rupee drops to 20.26 against UAE ...

(MENAFN- Khaleej Times) The Indian rupee depreciated 22 paise to 74.36 against the US dollar (20.26 against the UAE dirham) due to a moderate trend in Indian stocks at the opening from the market on Thursday. In the Indian interbank market, the rupee opened on a low note at 74.28, then fell further to 74.36 […]

Likely to remain under pressure

Weak investor sentiment across the globe is expected to keep the Indian rupee under pressure as trading opens on Thursday, September 30, 2021. Woeful regional stocks and sustained outflows of foreign funds from Indian markets are also compounding the country’s problems. rupee. However, the dollar’s reduction in some of its earlier gains could limit the […]

Indian rupee to gradually depreciate – W

According to analysts at Wells Fargo, the Indian rupee will gradually depreciate against the US dollar over the coming quarters. They forecast USD / INR at 74.25 in the fourth quarter and 74.50 in the second quarter of next year. Key quotes: “The Indian economy continues to show a rebound; however, we maintain our view […]