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Rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday tracking firm domestic equities, pullback in US Treasury yields and a softer American currency overseas. Moreover, some senior Federal Reserve officials signalled that the US central bank would hold interest rates unchanged at its meeting in September. Foreign Institutional Investors were net sellers in the capital markets as they offloaded shares worth Rs 758.55 crore, while Domestic Institutional Investors net purchased shares to the...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
8/09/2023 12:13:12 PM
Rupee to see some relief on pullback in US yields, dollar index The Indian rupee is expected to open higher on Friday on the back of a pullback in U.S. Treasury yields and a broadly softer dollar. Non-deliverable forwards indicate the rupee will open at around 83.12-83.14 to the U.S. dollar compared with 83.21 in the previous session. The rupee has been flirting with the record low of 83.29 and has largely avoided it, thanks to the Reserve Bank of India's (RBI) intervention. "It has been another week where the RBI has once again successf...
Rupee to see some relief on pullback in US yields, dollar index
Rupee to see some relief on pullback in US yields, dollar index
Source: Reuters
8/09/2023 9:24:43 AM
India digital rupee transactions tracking below target - source Transactions in the Indian digital rupee are averaging close to 18,000 a day, a source directly familiar with the matter said on Thursday, well below the target of hitting a million transactions a day by year-end. The source declined to be identified as he is not authorised to speak to the media. The central bank last year began pilot programmes to use the e-rupee in retail and wholesale markets as an alternative to cash. The RBI did not immediately respond to Reuters' email.
India digital rupee transactions tracking below target - source
India digital rupee transactions tracking below target - source
Source: Reuterss
7/09/2023 8:03:43 PM
With Indian rupee near record low, central bank steps up NDF intervention The Reserve Bank of India has been frequently intervening in the non-deliverable forward (NDF) market to make sure that the rupee does not drop to a record low, four bankers told Reuters on Thursday. The rupee was at 83.1525 to the U.S. dollar as of 11:16 a.m. IST, not too far from its record low of 83.29 hit in October 2022. The currency has largely avoided the decline in its Asian peers. "The RBI intervened on NDF in the morning (before local over-the-counter, OTC, markets opened...
With Indian rupee near record low, central bank steps up NDF intervention
With Indian rupee near record low, central bank steps up NDF intervention
Source: Reuters
7/09/2023 2:46:16 PM
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday amid surging crude oil prices after OPEC+ heavyweights Saudi Arabia and Russia agreed to extend output cut till December this year, and firm American currency also put pressure on the rupee. Meanwhile, strong US services PMI data also fuelled expectations that the US Federal Reserve will keep interest rates higher for longer. Moreover, massive selling of equities by foreign investors also dampened rupee sentiments. Foreign Institutional ...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
7/09/2023 11:39:58 AM
Indian rupee to stay weak, third of analysts expect new low within a year - Reuters poll India's rupee will still be very close to its historic low in six months despite the Reserve Bank of India using its coffers to cut volatility, according to a Reuters poll in which over a third of analysts forecast it to reach a new low in a year. Having traded in its narrowest range in two decades this year, the rupee fell to a 10-month low of 83.18 on Wednesday, close to the 83.29/$ record low hit in October 2022, due to expectations resilient U.S. yields will keep the dollar well-bi...
Indian rupee to stay weak, third of analysts expect new low within a year - Reuters poll
Indian rupee to stay weak, third of analysts expect new low within a year - Reuters poll
Source: Reuters
7/09/2023 8:59:09 AM
Rupee warily eyes US yields, oil prices; banks on RBI help  The Indian rupee is expected to open little changed to the U.S. dollar on Thursday with rising U.S. Treasury yields and oil prices meeting expectations that the central bank will be there to defend the currency. Non-deliverable forwards indicate the rupee will open nearly unchanged from Wednesday's level of 83.1325. Asian currencies were weak again with the offshore Chinese yuan dropping to 7.3280 to the dollar. The 10-year U.S. Treasury yield was hovering near 4.30%, not too ...
Rupee warily eyes US yields, oil prices; banks on RBI help
Rupee warily eyes US yields, oil prices; banks on RBI help
Source: Reuters
7/09/2023 8:55:21 AM
Rupee weakens against US dollar on Wednesday Indian rupee weakened against the US dollar on Wednesday amid muted domestic equities following sustained foreign fund outflows over the past few days. Foreign Institutional Investors were net sellers in the capital markets as they offloaded shares worth Rs 1,725.11 crore on Tuesday, exchange data showed. Moreover, surging crude oil prices and dollar buying by foreign banks also weighed on rupee sentiments. Meanwhile, investors are awaiting more cues on US monetary policy from several Fed off...
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
6/09/2023 11:31:30 AM
Rupee to remain below 83/USD on dollar rally, all eyes on RBI The Indian rupee is likely to weaken more on Wednesday after the dollar index rose to the highest in just under six months on weak risk and rising U.S. Treasury yields. Non-deliverable forwards indicate rupee will open at around 83.10-83.12 to the U.S. dollar, compared to 83.04 in the previous session which was a two-week low. U.S. Treasury yields rose on Tuesday with the 10-year yield now about ten basis points shy of the recent high. Expectations that the Federal Reserve will keep rates ...
Rupee to remain below 83/USD on dollar rally, all eyes on RBI
Rupee to remain below 83/USD on dollar rally, all eyes on RBI
Source: Reuters
6/09/2023 8:57:36 AM
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday weighed down by firm crude oil prices on expectations of an extension in output cuts by leading Opec+ members Saudi Arabia and Russia. Moreover, foreign fund outflows from capital markets also dampened rupee sentiments. However, growing hopes of more stimulus measures in China and Fed’s pause in its interest rate hikes limited further weakness in rupee. Foreign Institutional Investors were net sellers in the capital markets on Monda...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
5/09/2023 12:15:41 PM
Rupee to contend with weaker yuan, higher US yields The Indian rupee is likely to open flat-to-lower on Tuesday on the back of a decline in the Chinese yuan following weak data from Asia's largest economy and an uptick in U.S. Treasury yields. Non-deliverable forwards (NDF) indicate the rupee will open at around 82.75-82.78 to the U.S. dollar, compared with 82.7475 in the previous session. The offshore yuan dropped to 7.2940 to the dollar after a private sector survey showed China's services activity expanded at the slowest pace ...
Rupee to contend with weaker yuan, higher US yields
Rupee to contend with weaker yuan, higher US yields
Source: Reuters
5/09/2023 8:54:37 AM
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday tracking lackluster trade in domestic equity markets and firm crude prices, even after a soft US jobs report reinforced expectations that the US central bank will not hike interest rates this year. Moreover, data showed India's forex reserves dropped by $30 million to $594.858 billion in the week ended August 25, RBI said on Friday. However, Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Accord Fintech
4/09/2023 11:25:01 AM
Rupee to assess dollar rally despite a soft US jobs report The Indian rupee is likely to open little changed on Monday after a soft U.S. jobs report reinforced expectations that the Federal Reserve will not hike interest rates anymore, but the dollar still managed to rally. Non-deliverable forwards (NDF) indicate rupee will open at around Friday's level of 82.7150. "It's a bit confusing today. There is no doubt that the Fed will not hike in September, but then the dollar has moved up," a forex trader at a bank said. "T...
Rupee to assess dollar rally despite a soft US jobs report
Rupee to assess dollar rally despite a soft US jobs report
Source: Reuters
4/09/2023 9:00:23 AM
Rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday, tracking firm domestic equities after India’s economy grew 7.8% in the April-June quarter YoY, the highest in the past four quarters. Meanwhile, weaker-than-expected growth and labour market data in the United States also raised expectations that the US Federal Reserve will not hike interest rates further. Investors are focusing on key US monthly jobs report due later in the day. However, foreign fund outflows and rising crude p...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
1/09/2023 12:05:22 PM
Rupee to receive boost from yuan rally, growth data The Indian rupee is set to rise at open on Friday on the back of a rally in the Chinese yuan following steps by the country's central bank and on robust domestic June-quarter growth. Non-deliverable forwards indicate the rupee will open at around 82.60-82.62 to the U.S. dollar compared with 82.7850 in the previous session. The rupee in each session this week has opened higher but has been unable to sustain it. A similar outcome is expected on Friday. The rupee is likely to weaken...
Rupee to receive boost from yuan rally, growth data
Rupee to receive boost from yuan rally, growth data
Source: IANS
1/09/2023 9:05:23 AM
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday tracking weakness in the domestic equity markets. Moreover, foreign fund outflows and higher crude oil prices also weighed on rupee sentiments. Foreign Institutional Investors were net sellers in the capital market as they offloaded shares worth Rs 494.68 crore on Wednesday, exchange data showed. However, India’s GDP in the April-June quarter is expected to have accelerated to 7.7% for the first quarter of the current fiscal that w...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
31/08/2023 12:16:43 PM
Rupee to rise as dollar extends losses on US GDP growth revision The Indian rupee is expected to open higher on Thursday after the dollar index extended losses following a downward revision to U.S. economic growth in the second quarter. Non-deliverable forwards indicate the rupee will open at around 82.62-82.64 to the U.S. dollar, compared with its close of 82.7325 in the previous session. The currency has not been able to hold onto its opening gains in each of the last three sessions. It dropped to 82.80 on Wednesday. Based on the recent price ac...
Rupee to rise as dollar extends losses on US GDP growth revision
Rupee to rise as dollar extends losses on US GDP growth revision
Source: Reuters
31/08/2023 8:56:18 AM
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened against the US dollar on Wednesday amid firm domestic equities. Moreover, easing interest rate concerns by the US Federal Reserve after data signalled a slowdown in the world's largest economy, also supporting rupee sentiments. Moreover, Foreign Institutional Investors were net buyers in the capital markets on Tuesday as they bought equities worth Rs 61.51 crore, exchange data showed. However, firm crude oil prices and strengthening American currency have limited...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
30/08/2023 11:19:00 AM
Rupee set to rise as US dollar, yields retreat after weak job openings The Indian rupee is expected to advance on Wednesday after weaker-than-expected U.S. job openings prompted a decline in the U.S. dollar index and Treasury yields. Non-deliverable forwards indicate rupee will open at around 82.60 to the dollar compared with its previous close of 82.7050. In wake of the decent sized down move on (U.S.) yields and dollar, rupee will "have a good opening", a forex trader at a Mumbai-based bank said. "But after that, I think it is more than...
Rupee set to rise as US dollar, yields retreat after weak job openings
Rupee set to rise as US dollar, yields retreat after weak job openings
Source: Reuters
30/08/2023 8:54:19 AM
Rupee trades almost flat against US dollar on Tuesday Indian rupee is trading almost flat against the US dollar on Tuesday amid positive domestic equity markets. Some cautiousness came in with a private report that India is poised for its lowest monsoon rains in eight years, with the EI Nino weather pattern seen crimping September precipitation after an August that is on track to be the driest in over a century. However, down side remained capped as India Ratings said that the country’s CAD is likely to narrow to around $10 billion or 1 pe...
Rupee trades almost flat against US dollar on Tuesday
Rupee trades almost flat against US dollar on Tuesday
Source: Accord Fintech
29/08/2023 11:09:31 AM
Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh In a major development in PM GatiShakti rail corridor projects in Chhattisgarh, rupee term loan documents were executed between the Central Bank of India under sole banking and the promoters, i.e., South Eastern Coalfields Ltd (SECL), Ircon International Ltd (IRCON), CSIDC and CERL on Monday, towards development of second phase of Chhattisgarh East Railway Ltd (CERL). The total debt exposure in this financial contract will be of Rs 1,349 crore. This concludes the documentation process o...
Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh
Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh
Source: IANS
29/08/2023 10:59:43 AM
Rupee may inch up tracking US Treasury yields fall, soft dollar The Indian rupee is expected to advance on Tuesday in the wake of a pullback in U.S. Treasury yields and the dollar in the lead-up to a slew of key economic data. Non-deliverable forwards (NDF) indicate rupee will open slightly higher to the U.S. dollar from 82.63 in the previous session. "We think it will be a better opening (for the rupee) than NDF is suggesting," a forex trader at a bank said. "Having said that, it will be a very quiet session with an intraday range...
Rupee may inch up tracking US Treasury yields fall, soft dollar
Rupee may inch up tracking US Treasury yields fall, soft dollar
Source: Reuters
29/08/2023 9:02:51 AM
Quote on Rupee : The rupee displayed relatively subdued movement, maintaining a tight range and ending the trading session from Jateen Trivedi, LKP Securities Below the enclosed quote on Rupee from Jateen Trivedi, VP Research Analyst at LKP Securities.  "The rupee displayed relatively subdued movement, maintaining a tight range and ending the trading session with a marginal gain of 0.02rs at 82.63 against the dollar. After the Jackson Hole Symposium, the dollar index exhibited volatility within a narrow range, as Powell highlighted the continuation of a data-specific approach towards interest rate adjustments. The upcoming week...
Quote on Rupee : The rupee displayed relatively subdued movement, maintaining a tight range and ending the trading session from Jateen Trivedi, LKP Securities
Quote on Rupee : The rupee displayed relatively subdued movement, maintaining a tight range and ending the trading session from Jateen Trivedi, LKP Securities
Source: LKP Securities
28/08/2023 4:50:51 PM
Rupee strengthens marginally against US dollar on Monday Indian rupee strengthened marginally against the US dollar on Monday tracking firm domestic equities and strength in global markets after China's move to halve stamp duty on stock transactions to boost its struggling economy. However, hawkish comments from the US Federal Reserve Chair Jerome Powell at Jackson Hole, selling pressure by foreign investors and drop in foreign exchange reserves have dented sentiments in rupee and limited further gains. Foreign Institutional Investors were net ...
Rupee strengthens marginally against US dollar on Monday
Rupee strengthens marginally against US dollar on Monday
Source: Accord Fintech
28/08/2023 12:16:03 PM
Rupee to inch up after Powell's speech, key US data eyed  The Indian rupee is likely to inch up slightly on Monday following the U.S. dollar's retreat from a three-month high after Federal Reserve Chair Jerome Powell's comments at Jackson Hole. Non-deliverable forwards (NDF) indicate rupee will open at around 82.56-82.58 to the U.S. dollar compared with 82.6475 in the previous session. "We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data,"...
Rupee to inch up after Powell's speech, key US data eyed
Rupee to inch up after Powell's speech, key US data eyed
Source: Reuters
28/08/2023 8:54:43 AM
Rupee weakens against US dollar on Friday Indian rupee weakened against US dollar on Friday tracking weakness in domestic equities and a firm American currency overseas with caution ahead of Jackson Hole speech from US Federal Reserve Chair Jerome Powell. Prospect of higher US interest rates and an upward movement in crude prices also weighed on the domestic currency. However, inflow of foreign funds into capital markets limited further fall in rupee. Foreign institutional investors were net buyers in equities on Thursday as they pur...
Rupee weakens against US dollar on Friday
Rupee weakens against US dollar on Friday
Source: Accord Fintech
25/08/2023 12:09:29 PM
Rupee winning run to pause on dollar rally ahead of Powell's speech The Indian rupee is expected to decline on Friday, halting a three-day winning streak, after the dollar index reached a two-month high on weak risk appetite and ahead of Federal Reserve Chair Jerome Powell's speech. Non-deliverable forwards indicate rupee will open at around 82.62-82.64 to the U.S. dollar compared with 82.5725 in the previous session. The rupee climbed to a three-week high of 82.3625 on Thursday. The drop back below 82.50 (after reaching near 82.36) "has mor...
Rupee winning run to pause on dollar rally ahead of Powell's speech
Rupee winning run to pause on dollar rally ahead of Powell's speech
Source: Reuters
25/08/2023 9:00:35 AM
Rupee surges against US dollar on Thursday Indian rupee surged against the US dollar on Thursday tracking firm domestic equities and retreat in American currency overseas. Meanwhile, many investors are eagerly awaiting US Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for more clues about the economy and interest-rate outlook. Rupee improved further as tepid US PMI data fuelled expectations that the US central bank would end its tightening campaign to avert a recession. Moreover, fresh foreign fund inflows into cap...
Rupee surges against US dollar on Thursday
Rupee surges against US dollar on Thursday
Source: Accord Fintech
24/08/2023 12:09:19 PM
Rupee set to gain further after slide in US Treasury yields The Indian rupee is expected to rise further on Thursday following a pullback in U.S. Treasury yields on weak economic data. Non-deliverable forwards indicate the rupee will open at around 82.58-82.60 to the U.S. dollar, compared with its close of 82.6850 in the previous session. The rupee, on Wednesday, had its best session in more than two months after the Reserve Bank of India asked some banks to not initiate new outright NDF arbitrage positions. The "hangover from yesterday ...
Rupee set to gain further after slide in US Treasury yields
Rupee set to gain further after slide in US Treasury yields
Source: Reuters
24/08/2023 8:57:42 AM
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened against the US dollar on Wednesday, despite cautious mood ahead of the BRICS summit and US Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium this week for clues about the future path of interest rates. Softness in the American currency and a string of supportive measures in China supported rupee’s uptrend. However, Foreign Institutional Investors were net sellers in capital markets as they offloaded shares worth Rs 495.17 crore on Tuesd...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
23/08/2023 11:34:18 AM
Rupee`s recovery to stall on dollar strength before Jackson Hole meeting The Indian rupee is likely to decline on Wednesday, weighed down by the rise in the U.S. dollar ahead of the key meeting of central bankers in Jackson Hole later this week. Non-deliverable forwards indicate the rupee will open at around 82.98-83.02 to the U.S. dollar, compared with its close of 82.9350 in the previous session. It "was always expected to be a challenge" for the rupee to hold above 83, a forex trader at a Mumbai-based bank said. The rupee "will spend mor...
Rupee`s recovery to stall on dollar strength before Jackson Hole meeting
Rupee`s recovery to stall on dollar strength before Jackson Hole meeting
Source: Reuters
23/08/2023 9:05:58 AM
Rupee strengthens against US dollar on Tuesday Indian Rupee strengthened against the US dollar on Tuesday, tracking firm domestic equities and as the American currency retreated from its elevated levels. However, concerns over foreign fund outflows and deteriorating economic situation in China limited further gains. Foreign Institutional Investors were net sellers in the capital markets on Monday as they offloaded shares worth Rs 1,901.10 crore, exchange data showed. Meanwhile, investors are eagerly awaiting US Federal Reserve's Jacks...
Rupee strengthens against US dollar on Tuesday
Rupee strengthens against US dollar on Tuesday
Source: Accord Fintech
22/08/2023 11:56:31 AM
Rupee caught between further rise in US yields, yuan recovery The Indian rupee is likely to open little changed on Tuesday on the back of a recovery in the Chinese yuan and other Asian currencies despite a further rise in U.S. yields. Non-deliverable forwards indicate rupee will open near Monday's level of 83.1075. It looks like the USD/INR has settled at just above the 83 handle for now, a forex trader at Mumbai-based bank said. "The RBI (Reserve Bank of India) is averse to it (the USD/INR) making a new high, and on the other hand, yo...
Rupee caught between further rise in US yields, yuan recovery
Rupee caught between further rise in US yields, yuan recovery
Source: Reuters
22/08/2023 8:58:49 AM
Exclusive-India central bank nudges banks to settle UAE trades in rupee, dirham India's central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and India using the dirham (AED) or Indian rupee (INR) to reduce U.S.-dollar-based transactions, five sources told Reuters. The move is part of the Reserve Bank of India's broader aim of promoting settlement in local currencies with countries with which India has a trade deficit, with the knock-on effect of boosting the rupee's global reach, three banking sources sa...
Exclusive-India central bank nudges banks to settle UAE trades in rupee, dirham
Exclusive-India central bank nudges banks to settle UAE trades in rupee, dirham
Source: Reuters
21/08/2023 4:39:49 PM
Rupee trades flat against the US dollar on Monday Indian rupee was trading flat against the US dollar on Monday tracking gains domestic equities and selling of the American currency by exporters and banks. Investors are awaiting Federal Reserve's Jackson Hole speech this week, where US Federal Reserve Chair Jerome Powell is expected to offer more signals on the path of US interest rates. Foreign Institutional Investors were net sellers in the capital markets on Friday as they offloaded shares worth Rs 266.98 crore, exchange data showed. ...
Rupee trades flat against the US dollar on Monday
Rupee trades flat against the US dollar on Monday
Source: Accord Fintech
21/08/2023 11:57:47 AM
Rupee likely to decline on yuan-led weakness in Asia fx The Indian rupee is expected to drop at the opening on Monday, tracking losses in Asian peers and on persisting worries over U.S. yields. Non-deliverable forwards indicate rupee will open at around 83.18-83.20 to the U.S. dollar, compared with 83.1025 in the previous session. The rupee has been flirting with the record low of 83.29 but has been avoiding amid intervention by the Reserve Bank of India. Despite the RBI's efforts, it "does feel inevitable" that the rupee wi...
Rupee likely to decline on yuan-led weakness in Asia fx
Rupee likely to decline on yuan-led weakness in Asia fx
Source: Reuters
21/08/2023 9:08:51 AM
Rupee strengthens marginally against US dollar on Friday Indian rupee strengthened marginally against the US dollar on Friday tracking weak American currency at overseas markets. Although, weakness in domestic equities, foreign fund outflows and rising crude oil prices, and concerns over higher US interest rates as inflation persists, have limited further gains in rupee. Foreign Institutional Investors were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,510.86 crore, exchange data showed. The partially convert...
Rupee strengthens marginally against US dollar on Friday
Rupee strengthens marginally against US dollar on Friday
Source: Accord Fintech
18/08/2023 12:05:06 PM
Relief for rupee on pause on dollar rally, outlook remains weak The Indian rupee is likely to open higher on Friday, tracking the U.S. dollar's pullback against major and Asian currencies and relief on the U.S. yields front. Non-deliverable forwards indicate rupee will open at around 82.98-83.02 to the U.S. dollar compared with 83.1475 in the previous session. The Reserve Bank of India (RBI) has likely been selling dollars in the offshore and onshore markets to prevent the rupee from making a new record low. The RBI will "receive help&qu...
Relief for rupee on pause on dollar rally, outlook remains weak
Relief for rupee on pause on dollar rally, outlook remains weak
Source: Reuters
18/08/2023 8:53:10 AM
Rupee at 10-month low adds to selling pressure in stock market   Adding to the negative sentiment in stock markets, the rupee depreciated to near a 10-month low at 83.14, while the FII outflow of almost of Rs 10,000 crore in August so far also led to selling at higher levels, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services. Domestic equities continued to witness pressure amid weak global cues. While Nifty opened lower and remained in the negative territory throughout the session to close with a loss of 100 p...
Rupee at 10-month low adds to selling pressure in stock market
Rupee at 10-month low adds to selling pressure in stock market
Source: IANS
17/08/2023 5:38:06 PM
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday amidst weak trend in domestic equities in line with rising uncertainty over the Fed's interest rate increases further as inflation persists. Moreover, strength of the American currency in the overseas markets and retracement in crude oil prices from elevated levels also weighed on rupee sentiments. Meanwhile, the Indian forex and money markets were closed on Tuesday and Wednesday on account of Independence Day and Parsi New Year, res...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
17/08/2023 11:54:01 AM
Rupee at risk of falling to record low on surging US yields The Indian rupee on Thursday is expected to open just shy of its record low in the wake of a further rise in U.S yields on bets that interest rates are likely to say higher for longer. Non-deliverable forwards indicate the rupee will open at around 83.20-83.22 to the Indian rupee compared with 82.95 in the previous session. The rupee's record low is 83.29, reached in October 2022. India forex and money markets were off on Tuesday and Wednesday. On both these days, the 1-month USD/IN...
Rupee at risk of falling to record low on surging US yields
Rupee at risk of falling to record low on surging US yields
Source: Reuters
17/08/2023 8:58:52 AM
Rupee recovers on offshore NDF, may avoid record low when onshore reopens The Indian rupee on Wednesday managed to recover against the U.S. dollar in the offshore non-deliverable forward (NDF) market on likely intervention by the Reserve Bank of India and recovery in the Chinese yuan. The USD/INR one-month NDF was quoting at 83.24/83.26, which on a spot basis is around 83.15/83.17. The one-month NDF climbed to 83.54 earlier in the day after hitting a high of 83.59 on Tuesday. At 83.59 on the one-month NDF, the spot implied is around 83.50, which would be a re...
Rupee recovers on offshore NDF, may avoid record low when onshore reopens
Rupee recovers on offshore NDF, may avoid record low when onshore reopens
Source: Reuters
16/08/2023 2:30:43 PM
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday in line with lower Asian currencies followed by stronger American currency and rise in US treasury yields. Moreover, negative trend in domestic equities and sustained foreign fund outflows also weighed rupee sentiments. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Friday as they offloaded shares worth Rs 3,073.28 crore, exchange data showed. India's forex reserves dropped for the third consecutive w...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Nirmal Bang Ltd
14/08/2023 11:41:13 AM
Rupee to fall on surging US yields; 83/USD to be breached without RBI`s help The Indian rupee is expected to decline on Monday on the back of a jump in U.S. yields, which boosted the dollar versus its major peers and Asian currencies. Non-deliverable forwards indicate the rupee will open at around 82.92-82.94 to the U.S. dollar, compared with 82.8450 in the previous session. The rupee last week was held in a narrow range, with the Reserve Bank of India (RBI) likely intervening to prevent the currency from dropping below the psychological 83 level. "If RB...
Rupee to fall on surging US yields; 83/USD to be breached without RBI`s help
Rupee to fall on surging US yields; 83/USD to be breached without RBI`s help
Source: Reuters
14/08/2023 8:48:37 AM
Rupee weakens against US dollar on Friday Indian rupee weakened against the US dollar on Friday, tracking a firm American currency against major rivals at overseas markets. Moreover, weak domestic equities and elevated level of crude oil prices also weighed on rupee sentiments. However, some falls were capped by foreign fund inflows into capital market and the Reserve Bank of India's decision to keep key interest rate unchanged. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Thursday as they purc...
Rupee weakens against US dollar on Friday
Rupee weakens against US dollar on Friday
Source: Accord Fintech
11/08/2023 11:57:21 AM
Rupee to fall on bets Fed to remain restrictive despite moderating inflation The Indian rupee will likely weaken on Friday on expectations that the U.S. Federal Reserve will keep interest rates high despite signs that price pressures are moderating. Non-deliverable forwards (NDF) indicate the rupee will open at around 82.80 to the U.S. dollar, compared with 82.7125 in the previous session. Asian currencies were down while equities were mixed. U.S. inflation data has not had "a major impact" on Asian currencies, and rupee speculators "will be in se...
Rupee to fall on bets Fed to remain restrictive despite moderating inflation
Rupee to fall on bets Fed to remain restrictive despite moderating inflation
Source: Reuters
11/08/2023 8:53:10 AM
Rupee eyes RBI policy decision, US inflation data to follow The Indian rupee's direction on Thursday will be impacted by the central bank's policy decision and how market participants want to position themselves before U.S. inflation data. Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa. The Reserve Bank of India (RBI) has possibly been selling dollars to prevent the rupee from weakening belo...
Rupee eyes RBI policy decision, US inflation data to follow
Rupee eyes RBI policy decision, US inflation data to follow
Source: Reuters
10/08/2023 8:47:26 AM
India`s Tata Capital plans to raise 280 billion rupees via debt in FY24 India's Tata Capital plans to raise 280 billion rupees ($3.38 billion) mainly through debt instruments and bank lines in the current financial year to fund its double-digit credit growth, a top executive at the non-banking finance company (NBFC) said. "We try to remain granular and well-spread out on our liabilities whether it is bank funding, NCDs (non-convertible debentures), external commercial borrowing or public debt issue," Rajiv Sabharwal, managing director and CEO, to...
India`s Tata Capital plans to raise 280 billion rupees via debt in FY24
India`s Tata Capital plans to raise 280 billion rupees via debt in FY24
Source: Reuters
9/08/2023 4:51:31 PM