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Market Outlook The Rupee opened at 66.6825 and moved between 66.6750 and 67.1850 in today’s trading hour against the dollar. Rising oil prices, surge in commodity prices, trade deficit worries, deteriorating external finances and the banking mess are all adding to the rupee’s cup of trouble.   The dollar hit a 4 month high against basket of[…]

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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 65.4725 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 up by 9 paisa, made a low of 64.9475 in early trade and hovering in the range of 10 paisa between 65.0650 to 65.1725 during trading hours against the dollar selling by banks and exporters, amid firm domestic equities. On hopes the USD edged higher today, extending a two-week winning[…]

Daily Views and Analysis of Forex Market 09 April 2018

Market Outlook The Rupee opened up by 7 paisa, made a low of 65.1600 in early trade and hovering in the range of 10 paisa between 65.0750 to 65.1600 during trading hours against the US dollar after the RBI lowered its inflation forecast and revised up its growth outlook. USD index measures the greenback’s value[…]

Forex Trading News, Analysis and Tips 03 April 2018

Market Outlook The Rupee was traded between 65.0100-65.4550 in range of 45 paisa and closed at 65.3400 against the dollar of previous close 65.1250. The dollar rebounded in last trading session, surging from a 5-week low on back of easing tensions of trade war between US and China.  On Wednesday’s after the Government surprised with[…]

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Market Outlook The Rupee opened at 65.1100 touched a high of 64.9150 up by 12 paisa and closed as flate note per Dollar versus 65.1300 on Monday. The Dollar strengthened against basket currencies overseas due to trade negotiations between the US and China, which decreased the fears of a trade war and improved investors’ appetite[…]

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Market Outlook The Indian Rupee on Monday advanced on the account of interbank sustained selling of the greenback by exporters and bankers. The rupee opened at 65.2875 touched a high of 65.1000 and close at 65.1300 up by 17 paisa per Dollar versus 65.2975 on Friday. The dollar closed 16-month low against the Yen as[…]

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Market Outlook The Indian rupee on Friday was trading marginally lower against US dollar after US President Donald Trump imposed USD 60 billion of tariffs on Chinese imports. The rupee opened at 65.1600 a dollar and touched a high and a low of 64.9900 per Dollar versus 65.1300 yesterday respectively. The dollar slump further against[…]