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Market Outlook The Indian Rupee deprecated by 16 paise and opened at 68.2525, throughout the day it hovered in the range of 68.2875 and 68.0125 against the US dollar after the country’s trade deficit widened more than expected amid renewed global trade war fears. Contrarily, the dollar edged up towards a seven-month high on Monday[…]

Top Currency Market Updates and Analysis | 18-june

Market Outlook The Indian Rupee plunged by 25 paise to hit a three-week low to open at 67.9975 and hovered in the range of 68.1175 and 67.9200 against the US dollar in early trade on strong demand for the greenback amid sustained foreign capital outflows. However, Dollar loses further ground on the day amid trade[…]

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Market Outlook The Indian Rupee appreciate by 10 paise and opened at 67.6450 and through the day hovered in range of 67.8075 and 67.6275 against the US dollar on account of fresh selling of the greenback by exporters and banks backed up the rupee. However, the dollar slipped against basket of currencies even after the[…]

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Market Outlook The Indian Rupee fell 7 paise to opened at 67.6525 against the US dollar on account of increasing in demand for the American currency from importers amid foreign fund outflows and rising retail inflation.Though, the dollar stay strong against basket of currencies as investors await a policy meeting at the U.S. Federal Reserve[…]

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Market Outlook The Indian Rupee appreciated by 8 paise and opened at 67.6475 against the US dollar following sustained selling of dollar from banks and exporters amid firm domestic equities.However, Traders await key macro events like consumer price index inflation and index of industrial production data which will be released tomorrow. The dollar slid against[…]

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Market Outlook The Indian Rupee slipped 28 paisa and opened at 67.5125 and throughout the day traded in range of 67.7275 and 67.5125 against the US dollar following broad strength in the dollar against its major crosses and uptick in global crude oil prices. However, market participants will be keeping an eye on inflation and[…]

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Market Outlook The Indian Rupee opened at flat note at 67.0300 and throughout the day it hovered in the range of 67.2725 and 67.0050 against the US dollar on account of repo rate hike and fresh demand for the American unit from importers and banks. However, the dollar’s weakness against rival currencies, including the euro,[…]

Top Currency Market Updates and Analysis

Market Outlook The Indian Rupee strengthen by 12 paisa to 67.1975 and throughout the day traded in the range of 67.3100 and 67.0850 against the US dollar ahead of RBI monetary policy announcement amid fresh dollar selling by banks and exporters. Nevertheless, the dollar’s fell below the 94 level and its weakness against some currencies[…]

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Market Outlook The Indian Rupee appreciated by 9 Paisa and hovered in the range of 67.3900 and 67.1950 against the US Dollar ahead of the important RBI policy meeting outcome that will be released tomorrow. Recently, GDP number for India in Q4 grew at a pace of 7.7% compared to 7.2% in the previous quarter,[…]

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Market Outlook Continuing its uptrend for the fourth straight day, the Rupee appreciated by 11 paisa and opened at 67.1475 and hovered in the range of 67.3150 and 67.0200 against the US dollar on account of increased selling of the greenback by exporters and banks. Participants are also keeping an eye on RBI’s second bi-monthly[…]

Daily Currency Market Update by Expert| 04-JUN-2018

Market Outlook Rising for the third day consecutively, The Rupee appreciated by 5 paisa and opened at 67.5725 and throughout the day hovered in the range of 67.6275 and 67.1875 against the US dollar bolstered by continueous selling of the American currency by banks and exporters amid robust macroeconomic data. The dollar fluctuates around the[…]

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Market Outlook The Rupee opened flat at 67.5750 and traded in the range of 67.7750 and 67.4800 against the US dollar following sudden bouts of dollar demand from importers and banks, despite higher domestic bourses and eased in political uncertainty in Italy. Moreover, Currency was also supported as the dollar fell against its major crosses[…]