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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 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 65.3500 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[…]

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Market Outlook The Rupee opened at 65.0425 up by 5 paisa and continuously week today it made low of 65.3800 and hovering near its imoprtant resistance. If Rupee breaks 65.4550 levels and sustains over there, may seen some more weakness in it. The RBI on Wednesday fixed the rupee reference rate at 80.5884 for the[…]

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Market Outlook The Rupee opened up by 5 paisa, made a high of 64.9625 in early trade and hovering in the range of 10 paisa between 65.1350 to 64.9625 during trading hours against the dollar selling by banks and exporters, amid firm domestic equities.The currency of Iran plumbed another record low against the USD today[…]

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Market Outlook The Indian Ruppe closed at 64.94 up by 5 paisa on Wednesday against the Dollar on account of selling of American currency by banks and exporters. While the Rupee open at 64.90 up by 8 paisa. The dollar sustains near one-week lows today due to the sudden dismissal of U.S. Secretary. U.S. President,[…]

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Market Outlook The rupee slid further by 22 paise to hit a low of 63.82 against the greenback on continued bouts of dollar demand from importers and banks amid firm domestic equities. The dollar recouped some of its recent losses on Thursday after China’s regulator dismissed a report that the country could halt its buying[…]

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Market Outlook The Indian rupee opened higher at 63.68 per dollar on Wednesday versus previous close 63.71.Pramit Brahmbhatt of Veracity said, “Rupee will trade on a flat note in absence of any cue. Trading range for the spot USD-INR pair will be 63.50-63.80.” The dollar edged higher against a basket of major currencies and hit[…]

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Market Outlook The rupee slumped to 63.74 on bouts of dollar demand from importers. However, a firm domestic equity market restricted the rupee’s losses. It hovered in a range of 63.74 and 63.42 before quoting at 63.71, down 20 paise at 4.50 pm local time. The dollar weakened against the Japanese yen after the Bank[…]

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Market Outlook The Indian rupee on Monday erased all the morning gains and closed weaker against US dollar tracking losses in the Asian currencies market. The home currency ended at 63.50 a dollar, down 0.20% from its Friday’s close of 63.37. In the morning trade, the rupee opened at 63.32 a dollar and hit a[…]

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Market Outlook The rupee on Thursday opened 8 paise down at 63.61 against the US currency on fresh demand for dollar from importers and banks. India’s finance ministry has sought parliamentary approval to issue about Rs 80,000 crores ($12.6 billion) of bank recapitalization bonds before the end of the current fiscal year which will augment[…]

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Market Outlook The rupee on Thursday opened 8 paise down at 63.61 against the US currency on fresh demand for dollar from importers and banks. India’s finance ministry has sought parliamentary approval to issue about Rs 80,000 crores ($12.6 billion) of bank recapitalization bonds before the end of the current fiscal year which will augment[…]