Market Outlook Rupee opened down by 9 paisa, made a high of 65.0700 in early trade and hovering in the range of 21 paisa during trading hours the dollar at the interbank forex market today on fresh selling of the greenback by exporters and RBI Monetary Policy set to remain stable. Dollar was under pressure[…]
Market Outlook The Rupee opened at 65.1775 down by 3 paisa, made a high of 65.0650 in early trade and Rupee howering in the range of 23 paisa between 65.2900 to 65.0650 during trading hours due to dollar on increased selling of the greenback by exporters and banks ahead of the Reserve Bank of India’s[…]
Market Outlook The Rupee opened at 65.2475 up by 11 paisa, made a high of 65.1450 in early trade and Rupee howering in the range of 15 paisa between 65.2975 to 65.1450 during trading hours against dollar due to weakening of dollar against other currencies overseas supported the rupee. The dollar weakened against other global[…]
Market Outlook The rupee on Wednesday opened 6 paise up at 64.96 against the dollar on account of selling of American currency by banks and exporters. The local currency yesterday tumbled by 28 paise to close at 65.02 a dollar. The dollar strengthened to a one-week high against a basket of major currencies on Tuesday,[…]
Market Outlook The rupee is expected to remain range bound and average at 64.3 against the US dollar in the current financial year and is likely to be lower at 65.4 in 2018-19, says a UBS report. The dollar held firm near a seven-week high versus the yen on Monday, supported by recent rises in[…]
Market Outlook The rupee on Thursday opened 16 paise down at 64.16 against dollar on account of buying of American currency by banks and importers. The dollar consolidated gains on Thursday, a day after posting its biggest single-day rise in six weeks as markets looked forward to US inflation data that will determine the near[…]
Market Outlook The rupee on Wednesday opened 5 paise up at 63.99 against dollar on account of selling of American currency by banks and exporters. The dollar was buoyant against the yen on Wednesday, although it was capped against the euro with a potentially supportive spike in US yields neutralised by a similar move by[…]
Market Outlook The Rupee on Tuesday opened 5 paise down at 63.98 against dollar on account of selling of American currency by banks and exporters. The central bank’s US dollar purchases in the forward market hit a three-year high of $9.4 billion last month as the regulator sought to cushion the impact of a surge[…]
GBPINR on its daily charts closed around the trend line acting as support and is expected to extend the weak trend if it holds below the level of 95.2000.
GBPINR on its daily charts sustained on lower side and lower consolidation on intraday charts also suggests selling pressure below the level of 95.6700.
EURINR on its daily charts had closed below after the previous day hike and so selling pressure may continue if it sustains below the level of 75.0500.
GBPINR on its daily charts took strong reversals from support and closed strongly above, hence buying momentum may continue above the level of 96.0000.