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Market Outlook Against US dollar, the Indian Rupee appreciated by 12 paise to open at 72.4500, amid weakening of the American currency in overseas market.  However, rising crude oil prices and foreign fund outflows weighed on local currency. The U.S. dollar eased as weak U.S. manufacturing data bolstered bets on more aggressive policy easing by[…]

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Market Outlook The rupee tumbled by 51 paise to open at 72.1350 against the US currency, tracking a weak opening in domestic equities amid strong dollar demand from banks and importers.  US tariffs on imports from China took effect on Sunday and were followed later by Beijing’s retaliation. Following this, the domestic currency was under[…]

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Market Outlook The rupee opened on a weak note and fell 12 paise to 71.6150 against the US dollar in early trade on Tuesday amid rising crude oil prices and unabated foreign fund outflows. Moreover, investors are awaiting government intervention to revive the slowing economy. There are expectations that the government would come out with[…]

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Market Outlook The rupee opened flat at 71.2125 against the US dollar in early trade on Monday, tracking gains in domestic equities and indication of a revival in trade talks between the US and China. The U.S. dollar was hovering near two-week highs against a currency basket  as U.S. Treasury yields bounced back from recent[…]

Daily Beneficial Tips & Reports For Forex Market 16 Aug 2019

Market Outlook The rupee rose 48 paise to 70.92 against the dollar in early trade on Wednesday amid market recovery across Asia. The recovery was mainly due to Trump’s decision that delayed tariffs on some Chinese imports and that gave much-needed relief for markets gripped by political and economic turmoil. The U.S. dollar surged after the[…]

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Market Outlook The rupee deprecated by 31 paise and fell to 71.2150 against the dollar in early trade on Tuesday amid strengthening of the American currency and weak opening in domestic equities. The Indian government waived budget surcharge on Foreign Portfolio Investments (FPI) and pleased the INR buyers on early-day. However, pair’s losses were limited[…]

Currency Tips & Daily Market Updates 08-July-2019

Market Outlook The Indian rupee opened flat at 68.6800 against the US dollar as forex market weighed measures announced in the Union Budget to achieve the USD 5-trillion economy target. Presenting the first Budget of the Modi government in its second term, she said the Indian economy, which stood at USD 1.85 trillion five years[…]

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Market Outlook On Friday, the Indian rupee opened flat at 69.3725 against the US dollar, driven by positive opening in domestic equities and easing crude oil prices. Rupee is trading in a narrow range as forex traders took a cautious approach ahead of the G20 Summit, which is taking place amidst ongoing US-China trade tiff[…]

Online Forex Trading Tips 24 June 2019

    Market Outlook The rupee Friday fell 47 paise to trade at 69.9850 against the US dollar in early trade following foreign fund outflows and rising crude prices after Iran said it had shot down a US military drone. Subdued sentiments in domestic equity markets also influenced the trading pattern in the currency market.[…]

Maximize Your Profit With Live Currency Trading Tips 17-June-2019

Market Outlook The rupee opened on a weak note at 69.6175 against the US dollar in opening trade on Friday, as rising crude oil price concerns weighed on the investor community. The the rupee is trading in a narrow range as prospects of an interest rate cut by the US Federal Reserve kept investors edgy.[…]

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Market Outlook The Indian rupee appreciated by 14 paise to open at 69.8900 against the United States (US) dollar following the BJP’s thumping victory in the Lok Sabha polls. Strong foreign institutional investment (FII) inflows and higher domestic equity markets also buoyed sentiments for the rupee. On the other hand,dollar edged away from two-year highs[…]

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Market Outlook Against the US dollar, the Indian rupee apreciated by 14 paise to open at 69.5975, as counting of votes for the seven-phase Lok Sabha elections is still going on. The counting exercise is on in over 4,000 counting centres. The BJP-led National Democratic Alliance (NDA) is on course to retain power for a[…]