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Arihant Capital Markets Ltd

Published on 7/01/2020 12:21:38 PM

WEEKLY CURRENCY OUTLOOK:-

HIGHLIGHTS:

Rupee hits two months low on US-Iran tensions: The Indian rupee fell to hit a two-month low against US dollar on Monday after oil prices surged following a spike in tensions between the US and Iran. In early deals today, the rupee traded at 72.04 a dollar, down 0.3% from Friday's close of 71.81. The Indian unit had opened at 71.99 and so far today has touched a low of 72.05 a dollar -- a level last seen on 14 November. A surge in Brent crude prices will hit India's current account deficit. On Monday, Brent crude advanced 2.7% to hit $70 a barrel the first time in nine-month. Prices have gained nearly 7% so far this year.

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Arihant Capital Markets Ltd

Published on 17/12/2019 11:18:55 AM

WEEKLY CURRENCY MARKET OUTLOOK:-

HIGHLIGHTS: 

Rupee flat against US dollar amid mixed cues from Asian currencies: Indian rupee was trading little changed against the US dollar on Monday amid mixed cues from Asian currencies.

At 9.10 am, the home currency was trading at 70.80 a dollar, up 0.01% from Friday's close of 70.82. The Indian unit had opened 70.76 a dollar. This is the ninth consecutive session when the rupee is trading higher.


Asian currencies were mixed as the euphoria caused by the phase-one of the US-China trade deal subsided and caution set in ahead of the signing of the agreement in January.

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