Perfect Data Analysis on Currency Market

Market Outlook The Rupee opened at 66.4275 up by 7 paisa and moved between 66.4875 and 66.2875 in trading hours against the US dollar in opening trade at the interbank foreign exchange market today on some selling of the greenback by exporters and banks. The USD had strengthened against all major currencies overseasin globally trade. While,[…]

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Market Outlook The Rupee opened at 66.2400  and moved between 66.1575 and 66.4825  in trading hour’s against the dollar on account of sustained demand for the American currency from importers and dollar strength against other currencies overseas, bolstered by rising US bond yields, weighed on the domestic unit.    The dollar extended early gains against basket[…]

Start Your Week With Updated Forex Report 23 April’ 18

Market Outlook The Rupee opened depreciated 15 paisa at 65.9425, made a fresh thirteen month low and hovering between 66.0950 and 66.0000 in today’s trading hour against the dollar. Strengthening of dollar against other currencies overseas and increased demand for the dollar from importers also put pressure on the domestic unit the dollar was higher[…]

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Market Outlook The Rupee opened depreciated 10 paisa at 65.7900 and moved between 65.7425 and 65.8700 in today’s trading hour against the dollar at the interbank forex market today on increase demand for the greenback from importers and banks amid soaring crude oil prices overseas. However, The Dollar’s weakness against basket of currencies and a firm[…]

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Market Outlook The Rupee opened at 65.8700 down by 18 paisa but couldn’t sustain there and recover in early trade and hovering between 65.7500 and 65.6300 in today’s trading hour against the dollar amid persistent capital outflows and a fresh ripple of geopolitical tension. Dollar gained from a three-week low after trade war concerns waned[…]

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Market Outlook The Rupee opened at 65.4725 up by 8 paisa but break the previous low and made new low at 65.7574 and hovering between 65.7100 and 65.7575 in today’s trading hour against the dollar on widening trade deficit concerns and high geopolitical worries. Rupee closed at 65.6925 down by 15 paisa. Against a currency basket, the[…]

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Market Outlook The Rupee opened at 65.4000 down by 11 paisa, made a fresh five month low at 65.5800 today and Rupee hovering in the range of 15 paisa between 65.5800 to 65.4350 during trading hours due to dollar on increased buying of the greenback by exporters. The USD index, which measures the US currency’s[…]

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Market Outlook The Rupee opened at 65.3500 up by 2 paisa but continuously week today made a 7th week low in early trade. But couldn’t sustain that level and sharp recovery over there and closed above it’s today’s high at 65.3400 against dollar on account of selling banks and traders. The falling in rupee is[…]