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Oil prices ticked up in early Asian trade on Wednesday after rising over 1% in the previous session, as markets worried about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. Brent crude futures rose by 14 cents to $90.18 a barrel at 0215 GMT. U.S. West Texas Intermediate crude (WTI) futures gained 12 cents at $86.81 a barrel. Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-mo...
Oil gains on supply woes after OPEC+ output cuts
Quote on Rupee 14 November 2022 2022 By Ms. Sugandha Sachdeva, Vice President - Commodity & Currency Research, Religare Broking Ltd. The Indian rupee has plunged lower by around 0.60 percent amid the renewed strength seen in the dollar index against its peers at the beginning of the current week. Besides, the major reason behind the sharp depreciation in the domestic currency is the strong demand from oil importers as a bargain buying opportunity afte...
Rupee Quote : The Indian rupee has plunged lower by around 0.60 percent amid the renewed strength seen in the dollar index Says Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 10 October 2022 By Ms. Sugandha Sachdeva, Vice President - Commodity & Currency Research, Religare Broking Ltd. The Indian rupee has plunged to a record low amid the risk-off sentiments in the market and as the restrictive policy stance of the US Fed looks to continue. The recent jobs data points to a robust US labor market giving further room to the US Fed to aggressively hike interest rates. The US economy added 263,000 jobs in September a...
Rupee Quote : The Indian rupee has plunged to a record low amid the risk-off sentiments in the market Says Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 06 October 2022 By Ms. Sugandha Sachdeva, Vice President - Commodity & Currency Research, Religare Broking Ltd. A resurgence in crude oil prices from recent lows of around $83 a barrel is weighing on the Indian rupee while fueling concerns about the rising import bill and elevated price pressures. Crude oil prices have perked up to a three-week high as OPEC+ producers have decided to cut oil output by 2 mbpd, the largest production cut since 2020...
Rupee Quote : Rupee to depreciate towards 82.80 mark Says Ms. Sugandha Sachdeva, Religare Broking
Gold prices pared losses on Thursday as the dollar pulled back from a two-decade high, although elevated U.S. bond yields and hawkish remarks on future rate hikes from the Federal Reserve pressured bullion. Spot gold XAU= was down 0.2% at $1,670.40 per ounce by 0926 GMT, after dropping as much as 1% in the Asia session. U.S. gold futures GCv1 edged 0.2% higher to $1,678.70. "Rising U.S. yields continue to pressure gold prices. Unless yields su...
Gold pares losses on dollar retreat; hawkish Fed weighs
Quote on Rupee 22 September By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee has plunged to a fresh record low of 80.61 mark amid signs of escalating Russia-Ukraine tensions and a hefty rate hike of 75 bps by the US Fed for the third time in a row, which has led to a vertical rally in the greenback towards two-decade highs of 111.78 level. The US central bank struck a more hawkish tone than expected at its late...
Rupee Quote : The Indian rupee has plunged to a fresh record low of 80.61 mark amid signs Says Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 09 September By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee has been trading in a narrow range subsequent to a depreciating streak witnessed from the crucial 78.50 resistance level in the last few days. The domestic currency is seen reacting to mixed variables as of now. On one hand, we have renewed inflows in the domestic equities and crude oil prices are also trading subdued which are the key tail...
Rupee Quote : The domestic currency is seen reacting to mixed variables as of now Says Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 29 August 2022 By Ms. Sugandha Sachdeva, Vice President - Commodity & Currency Research, Religare Broking Ltd. The Indian rupee has slumped to test fresh lows of 80.1250 in today’s session following significant strength seen in the dollar Index towards two-decade highs. The Fed chair Jerome Powell adopted a hawkish stance at the Jackson Hole symposium and indicated a continued tightening path to tackle soaring inflation, which has spur...
Rupee Quote : The domestic currency still looks to remain well Says Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 17 August 2022 By Ms. Sugandha Sachdeva, Vice President - Commodity & Currency Research, Religare Broking Ltd The Indian rupee has edged higher amid a “risk on” mood and splendid gains witnessed in the domestic equities. After almost nine months of incessant outflows, domestic equities are seeing net inflows since July. Besides, the decline in crude oil prices has eased concerns about elevated inflation, further supporting t...
Rupee Quote : The Indian rupee has edged higher amid Says Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 10 August 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee has been trading in a narrow range subsequent to a depreciating streak witnessed from the crucial 78.50 resistance level in the last few days. The domestic currency is seen reacting to mixed variables as of now. On one hand, we have renewed inflows in the domestic equities and crude oil prices are also trading subdued which are the ke...
Rupee Quote : The domestic currency is seen reacting to mixed variables as of now Says Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 21 July 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd While continuing with its declining spree, the Indian rupee has dived to yet another record low, owing to concerns about the interest rate normalization path of the US Fed and the deteriorating growth environment which have led to a global flight to the dollar, while causing an exodus of foreign funds from the domestic markets. The Indian rupee is still...
Rupee Quote : The Indian rupee has dived to yet another record low By Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 19 July 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The rupee has depreciated to record lows amid tightening monetary conditions and risk-off sentiments as well as persistent outflows witnessed from the domestic markets. Significant dollar demand from oil importers amid elevated crude oil prices as well as concerns about swelling trade deficit have also been the key catalysts behind the steep descent seen in ...
Rupee Quote : The rupee has depreciated to record lows amid tightening monetary conditions and risk-off sentiments Says Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 11 July 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee has pummelled to a fresh record low of 79.49 mark in line with the broad strength seen in the mighty dollar. With the US economy adding jobs at an impressive pace in June, the odds of a series of aggressive rate hikes have increased further, which is pushing the dollar index on an upwards trajectory. The greenback has surged towards a new 20...
Rupee Quote : The Indian rupee has pummelled to a fresh record low of 79.49 mark mark By Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 05 July 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee has slumped to a new record low of 79.37 mark against the dollar, depreciating by around 0.50% on the back of a rise in the dollar index towards a new twenty-decade peak. Besides, heavy portfolio outflows, soaring crude oil prices, and a rising interest rate regime of the major central banks have been the key catalysts behind this recent bou...
Rupee Quote : The Indian rupee has slumped to a new record low of 79.37 mark By Ms. Sugandha Sachdeva, Religare Broking
Quote on Rupee 04 July 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee is reeling under pressure on the back of a rise in the dollar index towards a multi-decade peak, incessant portfolio outflows, soaring crude oil prices, and a rising interest rate regime. Besides, the rise in crude prices is leading to a lot of concerns about widening CAD, which is weighing on the rupee-dollar exchange rate.. So to limit ...
Rupee Quote - The Indian rupee is reeling under pressure on the back of a rise in the dollar index By Ms. Sugandha Sachdeva, Religare Broking
Quote on Gold Imports Duty hike By Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd In an attempt to stem the steep decline in rupee and curb the widening trade deficit, which has soared to record highs of $23.33 bln in May amid rising import bills, the government has raised the import duty on gold by 5% in a surprise move, which makes the import duty on gold as 12.50%, while the effective duty on gold will be 15%, including the 2.5% Agri Cess, as ...
Quote on Gold Imports Duty Hike By Sugandha Sachdeva, Religare Broking Ltd
Below is quote on Rupee 29 June 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee has continued to move on the downhill journey since the beginning of the year, amid a backdrop of heavy foreign fund outflows from the domestic markets, strength in the safe-haven dollar towards two-decade highs, and firming crude oil prices. The backdrop of heated inflation, prolonged Covid-19 lockdowns in China, the monetary tightening...
Rupee Quote - The Indian rupee has continued to move on the downhill journey By Ms. Sugandha Sachdeva, Religare Broking
Below is quote on Rupee 22 June 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee has slumped to a new record low against the US dollar after consolidating around the 78 mark for a while, amid the unabated outflows witnessed from the domestic equities and renewed strength in the greenback. The sentiments have taken a hit amid deteriorating global growth prospects and as the central banks look to act aggressively in th...
Quote on Rupee 22 June 2022 by Sugandha Sachdeva, Religare Broking
Below is quote on Rupee 21 April 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee has managed to clinch gains for the second consecutive session, while finding support at the key 76.70 mark, amid the softening of the dollar index and the renewed buying witnessed in the domestic equities. Risk sentiments have improved as the greenback has pulled back from the recent two-year peak tested early this week. Markets are ...
Quote on Rupee 21 April 2022 by Sugandha Sachdeva, Religare Broking
Below is the quote on Rupee 02 March 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee has slumped to test a three-month low as the escalating Russia-Ukraine crisis has sapped risk appetite in the market, leading to significant outflows from the domestic equities, while favoring bets in the safety of the greenback. The relentless rise in Crude Oil prices to multi-year highs amid geopolitical tensions and str...
Quote on Rupee 02 March 2022 by Sugandha Sachdeva, Religare Broking
Below is quote on Rupee 01 February 2022 By Ms. Sugandha Sachdeva, Vice President - Commodity and Currency Research , Religare Broking Ltd With a strong capex thrust of around 35 percent and focus on green energy transition, Budget 2022 is certainly growth and future-focused, which will provide a fillip to new-age businesses. As a strong backdrop, FY22 growth is estimated to be 9.2%, while the GST collections have been the highest on record at 1.41 lakh crore in January 2022. All...
Quote on Rupee 01 February 2022 By Ms. Sugandha Sachdeva, Religare Broking Ltd
Below is the quote on Rupee 28 January 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Fed was slightly tilted on the hawkish side and markets were spooked on prospects of more-than-expected interest rate increases that boosted the dollar index. Inflation outlook in the U.S. has worsened amid supply-side bottlenecks, while the recently released strong GDP data for 2021 has underpinned the Fed’s hawkish stance. Markets...
Quote on Rupee 28 January 2022 by Sugandha Sachdeva, Religare Broking
Below is the quote on Rupee 27 January 2022 By Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking Ltd The Indian rupee skidded to a four-week low as the greenback has surged to the highest levels of the year and as Brent crude firmed up further towards $90 a barrel, amid geo-political tensions between Russia and Ukraine. The dollar has bumped up against the other major currencies as the US Fed struck a hawkish tone and has given strong indica...
Quote on Rupee 27 January 2022 by Sugandha Sachdeva, Religare Broking
Below is quote on Rupee 28 December 2021 By Ms. Sugandha Sachdeva, Vice President - Commodity and Currency Research , Religare Broking Ltd We have seen a sharp rebound in the Indian rupee from the key support of the 76.50 mark, owing to the fact that the dollar index has been kind of subdued, and risk on sentiments have returned to the market. As of now, even though infection cases are rising, concerns about this new Omicron Covid variant have kind of receded as it is not likely ...
Quote on Rupee 28 December 2021 By Ms. Sugandha Sachdeva, Religare Broking Ltd
Below is quote on Rupee 15 December 2021 By Ms. Sugandha Sachdeva, Vice President - Commodity and Currency Research , Religare Broking Ltd The Indian rupee has drifted towards a 16-month low, even breaching the key 76 mark amid a hawkish tilt from the US Fed and expectations of a faster wind-down of asset purchases, while the Omicron coronavirus virus scare has also hurt the risk appetite in the market. The Fed seems to be concerned about reining in hig...
Quote on Rupee 15 December 2021 By Ms. Sugandha Sachdeva, Religare Broking Ltd
Below is Quote on Rupee By Ms. Sugandha Sachdeva, Vice President - Commodity and Currency Research , Religare Broking Ltd After a sharp appreciation of around 1.4 percent witnessed during the month, the Indian rupee has given up all of the gains and is treading into the negative trajectory as the month draws to a close. It's the broad-based strength witnessed in the dollar index and the steep sell-off seen in domestic equities that has dragged down the local unit to three-wee...
Quote on Rupee By Ms. Sugandha Sachdeva, Religare Broking Ltd
Below are Quote on Rupee by Ms. Sugandha Sachdeva, Vice President - Commodity and Currency Research , Religare Broking Ltd “The rupee had to contend with mixed cues this quarter. On the one hand, the flow picture was pretty supportive of the rupee, but on the other hand the market was unable to digest the hawkish tilt of the Federal Reserve. Inflation sting in the U.S. seems persistent and it is almost certain the Fed will have to change its ultra-dovish stance. However, th...
Quote on Rupee by Ms. Sugandha Sachdeva, Religare Broking Ltd
Below are Quote on Rupee by Ms. Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking The domestic currency gained by more than two percent in May amid ample liquidity, dollar weakness and ‘risk-on’ sentiments in the global markets, largely overlooking the economic woes caused by the second wave of the pandemic back home. Despite the sharp appreciation witnessed last month, the Indian rupee could not surpass the invincible 72.20 mark, a level...
Quote on Rupee by Ms. Sugandha Sachdeva, Religare Broking
Below are Views On The Indian rupee has remained well anchored By Ms.Sugandha Sachdeva, Vice president - Commodity and Currency Research at Religare Broking Ltd The Indian rupee has remained well anchored, having surged to a four-week high amid a renewed influx of foreign capital and the recent downdraft in crude oil prices. The US Fed’s commitment to keep interest rates near zero for a prolonged period, is also supporting an appreciating bias for the domestic currency. How...
The Indian rupee has remained well anchored By Ms.Sugandha Sachdeva, Religare Broking
Below are Views On The Indian rupee has been gradually inching lower By Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking Ltd The Indian rupee has been gradually inching lower after witnessing major resistance around 72.40-72.20 area amid the surge seen in the US dollar index. Effective coronavirus vaccines and stimulus measures are working their way to boost economic growth in the US, boosting the appeal of greenback. The street is also pricing in the...
The Indian rupee has been gradually inching lower By Sugandha Sachdeva, Religare Broking
Below are Views On Local equities have seen healthy inflows since the announcement of the budget By Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking Local equities have seen healthy inflows since the announcement of the budget, which has supported the rupee at a time when U.S. yields and crude oil prices are inching higher. We believe the domestic currency has scope to rise towards 72.20 in the near term on the back of the flows and continuation of ac...
Local equities have seen healthy inflows since the announcement of the budget By Sugandha Sachdeva, Religare Broking
Below are Views On 2021-2022 Pre-Budget Expectations, Commodities by Sugandha Sachdeva, Religare Broking 2021-22 Pre-Budget Expectations: Commodities The financial year 2020-21 has been a tough one for the country amid the Covid-19 induced turmoil. The Indian economy witnessed serious damage with an unprecedented 23.9 percent year-on-year contraction in the April-June quarter, as economic activities came to a halt in this period amid nationwide lockdown. However, the economy ...
Views On 2021-2022 Pre-Budget Expectations, Commodities by Sugandha Sachdeva, Religare Broking
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