US Dollar and Rupee: The Indian rupee ended little changed on Friday due to a lack of new triggers, while the central bank’s intermittent dollar sales and a positive trend in domestic equities prevented a drop to a record low. The local currency closed at 83.25 per dollar, down 2 paise from the previous close…
ICICI Direct and the Euro dipped yesterday due to a strong dollar and unfavorable mood on international markets. The EURINR currency report from ICICI Direct Yesterday’s negative global market sentiment and strong dollar caused the euro to teeter downward. Better than expected German Oct. IFO business climate index reduced downsides. As long as it stays…
Rupee and US dollar: Early on Tuesday, a strong trend in local equities helped the rupee strengthen by 5 paise to 83.22 against the US dollar. The local currency gained 5 paise from its prior close to reach an early high of 83.22 against the dollar. It started the day at 83.24 against the dollar….
News about the US dollar rate index: In the morning in Asia, the US rate index, which compares the US currency to six of its key rivals, was trading at 106.49. News about the US dollar index: Stayed strong on Friday, exerting pressure on a basket of currencies as higher-than-anticipated US consumer inflation rekindled expectations…
News about the US dollar rate index: On Monday, as Middle Eastern unrest alarmed markets, the safe-haven dollar and the Japanese yen both climbed somewhat. Meanwhile, the dollar gained ground thanks to a strong US employment report – Currency. Reuters’ US dollar rate index: On Monday, as Middle Eastern unrest alarmed markets, safe-haven currencies like…
Forex traders said the currency was under pressure due to subdued domestic macroeconomic data and ongoing FII withdrawals. The rupee fell 15 paise to settle at 83.21 (provisional) versus the US dollar on Tuesday, as a strong US currency and poor local stocks dampened investor optimism. Forex traders said the currency was under pressure due…
In early trade on Tuesday, the rupee fell 17 paise to 83.23 against the US dollar, as a strong currency and persistent foreign money outflows impacted on market morale. Investor morale was further dampened, according to forex dealers, by a negative trend in local shares. At the interbank foreign exchange, the domestic unit started at…
According to news agency ANI, the Reserve Bank of India (RBI) has said that the 2,000 denomination banknote would lose its value after September 30 and become simply another piece of paper if it is not exchanged at a bank. This statement was made a day after reports said that the deadline for returning 2000…
Pakistan’s currency is on track to be the best-performing currency encyclopedically this month, serving from a government crackdown on lawless bonetrading, reports Bloomberg News. The Pakistani rupee surged nearly 6 percent in September, defying the declines seen in numerous other currencies similar to the Thai baton and South Korean won, which weakened against the US…
The rupee, Through Gaurang Somaiya When statistics revealed that the trade imbalance increased to $24.2 billion in August as opposed to $20.7 billion the month before, it put pressure on the rupee and caused it to fall to new all-time lows earlier in the month. JP Morgan announced at the end of the week that…
