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Market Outlook The Indian rupee depreciated by 8 paise to open at 71.0400 and throughout the day hovered in the range of 71.2700 and 70.8200 against the US dollar on increased demand for the greenback from importers and banks amid rising global crude prices. Moreover, lower opening in domestic bourses also weighed on the rupee.[…]

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Market Outlook The Indian rupee apreciated by 12 paise to open at 70.8025 against the US dollar after retail inflation fell to a 19-month low of 2.05% in January. Moreover, weakness in dollar against major Asian peers as market participants shifted their focus to riskier asset amid the USAuthentic Currency Tips and Trading Updates-China trade[…]

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Market Outlook The Indian Rupee opened flat at 71.3125, trimmed early losses, made low of 70.8100 and strengthen against US dollar, maintaining its upward trend for the sixth straight day on continued selling of the dollar by exporters and banks. Moreover, optimism ahead of index of industrial production (IIP) numbers for December and retail inflation[…]

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Market Outlook Against the US dollar, the Indian rupee depreciated by 2 paise to open at 71.4500 but trimmed the losses in early trade and traded in the range of 71.4500 and 71.2125 on increased selling of the American currency by exporters amid foreign fund inflows. Moreover, foreign capital inflows in the domestic equity markets[…]

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Market Outlook Against the US dollar, the Indian rupee flat at 71.5625 and throughout the day hovered in the range of 71.5625 and 71.1500 after the Reserve Bank of India cut the repo rate and changed its policy stance to ‘neutral’. Moreover, the surprise rate cut by the RBI, weakening of the US dollar as[…]

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Market Outlook In a choppy trading session, the rupee opened at 71.7200 and throughout the day traded in the range of 71.9225 and 71.4200 against the dollar. Moreover, positive opening in domestic equities, fresh foreign fund inflows and easing crude prices, however, capped losses for the domestic unit. On the flip side, dollar rose slightly[…]

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Market Outlook Against the US dollar, the Indian rupee opened flat at 71.7350 and throughout the day hovered in the range of 71.8475 and 71.6500 amid positive opening in domestic equities and fresh foreign fund inflows. Investors were cautious ahead RBI’s Monetary Policy Committee outcome scheduled for February 7. Dollar settled near 2 week high[…]

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Market Outlook The Indian Rupee depreciated by 16 pasie to open at 72.1450 but soon cappped all the losses and traded in the range of 72.1450 and 71.7200 throughout the day against the US dollar, driven by a positive opening in domestic equities and weakening of the greenback in overseas markets. On the flip side,[…]

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Market Outlook Against the US dollar, the India rupee depricated by 19 paise to open at 71.6500 and throughout the day hovered in the range of 72.0300 and 71.6100, ahead of the Reserve Bank of India’s policy review meet and a lower opening in the domestic equity markets. Against major Asian peers, the dollar rose[…]

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  Market Outlook In early trade the Indian rupee appreciated by 7 paise to open at 71.225 but soon capped all the gains and throughout the day hovered in the range of 71.5725 and 71.1150 against the US dollar amidst strengthening of the American currency, rising of crude oil prices and caution ahead of interim[…]

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Market Outlook The Indian rupee appreciated by 9 paise to open at 71.2500 against the US dollar mainly driven by weakening of the greenback in overseas markets after the US Fed kept interest rate unchanged. Beside this, fresh foreign fund inflows and positive opening in domestic bourses also bolstered the rupee up move. On the[…]

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Market Outlook Against the US dollar, the Indian rupee depreciated by 8 paise to open at 71.4125 amid rising crude oil prices and strengthening of the American currency. However, fresh foreign fund inflows and positive opening in domestic equities capped the losses for the domestic unit.On the flip side, dollar slid against major Aisan peers[…]