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Forex Market News
Rupee recovers by 13 paise; ends 2-day losing streak
Thu, Oct 08, 2020
Snapping its two-day losing streak, the rupee strengthened by 13 paise to settle at 73.33 against the US dollar on Wednesday, aided by foreign fund inflows and positive domestic equities.
Gold price today slides again! Bullion experts unveil strategy for buyers as yellow metal turns risky
Wed, Oct 07, 2020
Gold price today once again crashed nearly Rs 200 per 10 gm at the Multi Commodity Exchange (MCX) to Rs 50,300 per 10 gm levels.
Dollar's strength to be short-lived; volatility and weakness ahead: Reuters poll
Tue, Oct 06, 2020
The recent surge in the US dollar will last less than three months, according to a majority of foreign exchange strategists polled by Reuters.
Forex Market: US dollar gains after Donald Trump gets Coronavirus
Sat, Oct 03, 2020
Forex Market: Global equity markets slumped and investors piled into gold and the Japanese yen on Friday after U.S. President Donald Trump tested positive for the coronavirus, adding to market uncertainty just 32 days before the U.S. election.
Dollar off two-month peak, yuan gains on bond benchmark inclusion
Fri, Sep 25, 2020
The US dollar dipped from a two-month peak early on Friday as renewed hopes of U.S. stimulus eased investors` concerns about economic recovery, while the Chinese yuan gained after the country was added to a global bond benchmark.
Dollar shines as virus, economy woes hit risk assets
Thu, Sep 24, 2020
The dollar extended gains against most currencies on Thursday as signs of economic slowdown in Europe and the United States renewed concern about a second wave of coronavirus infections.
INR vs USD: Indian rupee may appreciate up to 72.70 against US dollar, say experts
Wed, Sep 23, 2020
INR vs USD: On account of slight improvement in the COVID-19 situation in India, increasing inflows in the Indian markets, labour reforms and Indian forex reserves at all-time high, the Indian rupee is expected to appreciate against the dollar up to 72.70 levels.
Forex Market: US Dollar holds gains as virus woes hurt euro and sterling
Wed, Sep 23, 2020
Forex Market: The US dollar held onto gains against major currencies on Wednesday, supported by positive U.S. economic data and concerns about a second wave of coronavirus infections in Europe and Britain.
Rupee skids 13 paise to 73.51 against US dollar in early trade
Tue, Sep 22, 2020
The rupee depreciated 13 paise to 73.51 against the US dollar in opening trade on Tuesday tracking muted domestic equities.
Rupee settles 14 paise lower at 73.66 against US dollar
Thu, Sep 17, 2020
At the interbank forex market, the local unit opened on a weak note at 73.70, and finally closed at 73.66 against the American currency, registering a fall of 14 paise over its last close.
INR vs USD: Indian Rupee to remain strong against US dollar and may jump to 72 levels
Tue, Sep 15, 2020
INR vs USD: In the wake of the US dollar going further down against the major currencies at the Forex Market, experts are of the opinion that Rupee is expected to go from strength to strength and hit 72 per dollar levels.
Forex Market: US dollar edges up amid economic data
Fri, Sep 11, 2020
The US dollar bought 106.11 Japanese yen, lower than 106.21 Japanese yen of the previous session. The US dollar was down to 0.9100 Swiss franc from 0.9125 Swiss franc, and it was up to 1.3178 Canadian dollars from 1.3163 Canadian dollars.
Indian forex reserves rise by over $3 billion
Sat, Sep 05, 2020
India`s foreign exchange reserves jumped higher by $3.883 billion during the week ended August 28.
Rupee vs dollar: Indian currency posts biggest weekly gain in 20 months as RBI stands aside
Fri, Aug 28, 2020
Rupee vs dollar: The Indian rupee rose to its highest level in nearly six months on Friday, gaining for a third straight session, with traders saying the central bank refrained from currency intervention as foreign investors piled into equity markets.
US dollar edges up as traders await Fed announcement
Wed, Jul 29, 2020
The US dollar rose modestly in late trading on Tuesday as market participants eyed a key policy meeting of the Federal Reserve.
India's forex reserves rise by over $1.2 billion
Sat, Jul 25, 2020
According to the Reserve Bank of India`s weekly statistical supplement, the reserves grew to $517.637 billion from $516.362 billion reported for the week ended July 10.
Indian Rupee may rise up to 74.70 as COVID-19 hurting US Dollar, says Anindya Banerjee
Fri, Jul 17, 2020
On account of COVID-19 hurting the US Dollar and Foreign Direct Investment (FDI) flow rising in India, the Indian Rupee may rise up to 74.70 mark.
INR vs USD: Rupee may gain against Dollar on Chinese equity gains
Thu, Jul 09, 2020
INR vs USD: On account of Chinese equity gains lifting the morale of the Asian indices, the Indian Rupee is expected to remain strong and trade in the range of 74.90 to 75.25 range.
INR Vs USD: The needle has finally moved, says currency expert
Fri, Jul 03, 2020
INR vs USD: After moving in the range of 75-77 per US Dollar (USD), the Indian National Rupee (INR) finally came below 75 levels and closed at 74.84 levels yesterday.
US dollar edges down as traders weigh coronavirus impact
Sat, Jun 27, 2020
The US dollar declined modestly in late trading on Friday as market participants gauged the impact from the Covid-19 pandemic.