Fri, Sep 20, 2024
Analysts said the dollar index retreated after the US Federal Reserve reduced the benchmark interest rate by 0.50 per cent, prompting investors to look towards emerging market currencies.
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Thu, Sep 19, 2024
Currency Market Update: The rupee strengthened by 10 paise to hit its two-month high level of 83.66 against the US dollar on Thursday after the US Federal Reserve cut the benchmark interest rate by 0.50 per cent, boosting investors' sentiment.
Currency Market News, Rupee vs Dollar: At the interbank foreign exchange market, the Indian currency opened at 83.70 and inched up to 83.69 before trading at 83.70 against the greenback, registering a gain of 6 paise from its previous closing level.
Sun, Dec 20, 2020
Persistent foreign fund inflows on the back of bullish global cues will strengthen the rupee during the upcoming week, analysts said.
Tue, Dec 08, 2020
The Nifty continued its upward momentum and closed at lifetime highs led by financials, pharma and select FMCG stocks. On the options front, 13100, 13200 Put holds significant OI that should act as support on the downsides. However, maximum Call OI is at 13500 strike that should be an immediate hurdle on the upsides. Nifty futures ended at a premium of 32 points yesterday while IV remained unchanged. The major Put base is at 13200 strike with almost 36 lakh shares while the major Call base is at the 13500 strike with almost 30 lakh shares.
Sun, Nov 29, 2020
Better-than-expected Q2FY21 GDP figures along with consistent foreign fund inflows are expected to strengthen the rupee during the truncated trade week ahead.
Sun, Oct 18, 2020
Strong foreign fund inflows for domestic equity as well as bond markets are expected to strengthen the Indian rupee in the short run.
Sun, Aug 30, 2020
A liquidity gush in the stock markets powered rupee to break the 74-mark as it ended at 73.80 to a dollar, making it the strongest currency in the past three months, closing at a five-month high.
Sun, Aug 23, 2020
Optimism over the development of Covid-19 vaccine along with broad-based growth trends is expected to induce volatility in the rupee's value during the short term.
Sun, Jul 26, 2020
Rising foreign reserves along with healthy Foreign Direct Investment (FDI) inflows are expected to strengthen the Indian rupee in the immediate-to-short run.
Sun, Jul 19, 2020
The Indian rupee is expected to strengthen as healthy FDI inflows along with FII funds pour into the country.
Wed, Feb 12, 2020
The rupee opened strong at 71.24 at the interbank forex market then gained further ground to touch 71.21 per dollar, displaying gains of 7 paise against the greenback. On Tuesday, the rupee had settled at 71.28 against the US dollar.
Tue, Feb 11, 2020
The Government of India is set to introduce a new Re 1 currency note soon. The new one rupee notes will be printed by the Ministry of Finance, unlike the other denomination notes which are printed by the Reserve Bank of India (RBI).
Tue, Dec 10, 2019
The festive season is around the corner and some of you must have already added items to your cart on ecommerce website for Christmas shopping. But, before you make the cashless payment, there is something you need to know.
Mon, Aug 12, 2019
Rupee vs Dollar: Amid China-US trade war, rupee to continue in range-bound trade between 69.85 to 71.30 against the US dollar.
Fri, May 24, 2019
Sensex on Friday, closed at 39,434.72 up by 623.33 points or 1.61%.
Thu, Apr 04, 2019
In his second monetary policy as RBI governor, Shaktikanta Das along with MPC team trimmed down policy repo rate to 6% from previous 6.25%.
Forex investors are keenly eyeing the Reserve Bank of India (RBI) governor Shaktikanta Das and his policy decision in the first bi-monthly monetary policy of FY20 which will be announced today.
Thu, Mar 28, 2019
Rs 20 coin compared to old Rs 2 coin's shape, bimetallic as Rs 10 coin
Wed, Mar 27, 2019
Earlier CLSA pointed that, rupee has gained 7% from its all-time lows made in October 2018.
Mon, Mar 25, 2019
The negative impact in Indian markets is due to global peers which are also reeling in red.
CLSA points out that, rupee has gained 7% from its all-time low made in Oct’18, as CAD stabilised and foreign capital inflows improved due to global factors and expectations of a stable Government.
Tue, Feb 05, 2019
Decline in crude oil prices, correction in American Dollar and Fed Chief's dovish stand on the interest rate hike may help Indian currency to gain the ground it ceded recently
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