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Rupee weakens against US dollar in early trade on Wednesday Indian rupee weakened against the US dollar in early trade on Wednesday tracking volatility in domestic equities. Moreover, the strength of the American currency in the overseas market and a rising oil price also weighed on the local currency. Meanwhile investors were cautiously awaiting crucial US economic reports to gauge the Federal Reserve's interest rate trajectory. However, some fall was limited by foreign fund inflows with data showed that Foreign Institutional Investors purchased ...
Rupee weakens against US dollar in early trade on Wednesday
Rupee weakens against US dollar in early trade on Wednesday
Source: Accord Fintech
2024-06-26 12:26:52 pm
Dollar flirts with key 160 yen level as intervention risk looms The battered yen languished near the 160 per dollar level on Tuesday and kept traders on high alert for any intervention from Japanese authorities to prop up the currency, while the greenback edged a touch higher in the broader market. Bitcoin was nursing losses after clocking its worst day in over two months at the start of the week, in part due to flows out of bitcoin exchange-traded funds (ETFs), analysts said. The dollar was last 0.04% higher at 159.64 yen, just a whisker away from ...
Dollar flirts with key 160 yen level as intervention risk looms
Dollar flirts with key 160 yen level as intervention risk looms
Source: Reuters
2024-06-25 09:07:43 am
Rupee drops against US dollar on Friday Indian rupee dropped against the US dollar on Friday due to stronger American currency at overseas markets following a surprise rate cut from the Swiss National Bank as well as weakness in China’s yuan. Moreover, foreign fund outflows and dollar buying by importers also dampened sentiments. Foreign Institutional Investors were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,826.97 crore, exchange data showed. Federal Open Market Committee kept interest...
Rupee drops against US dollar on Friday
Rupee drops against US dollar on Friday
Source: Accord Fintech
2024-03-22 12:35:35 pm
Huge investments by FPIs in 2023 at Rs 1.71 lakh crore The year 2023 has witnessed huge investment by FPIs thanks to the sharp uptick in flows in December, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. FPI inflows which were negative in the previous 3 months have sharply turned positive in December with total buying of Rs Rs 66134 crores. This figure includes the buying through stock exchanges and investment in the primary market. The total FPI inflows in 2023 stand at Rs 171106 crores, he said. The steady ...
Huge investments by FPIs in 2023 at Rs 1.71 lakh crore
Huge investments by FPIs in 2023 at Rs 1.71 lakh crore
Source: IANS
2023-12-30 01:49:09 pm
India rupee to inch lower on recovery in US dollar, bond yields  The Indian rupee is likely to decline slightly on Tuesday after U.S. Treasury yields recovered from their lowest level in 3 months and the dollar index ticked higher. Non-deliverable forwards indicate the rupee will open at around 83.39-83.40 to the U.S. dollar compared with 83.3650 in the previous session. The rupee had fallen to its lifetime low of 83.42 on Nov. 10. The 10-year U.S. Treasury yield rose 6 basis points in New York to 4.28% and last quoted slightly lower in Asia...
India rupee to inch lower on recovery in US dollar, bond yields
India rupee to inch lower on recovery in US dollar, bond yields
Source: Reuters
2023-12-05 09:01:54 am
Dollar stems decline after heavy November selloff The dollar regained some ground on Tuesday and hovered near a one-week high against major peers, while bitcoin extended its momentum on optimism that U.S. regulators could soon approve exchange-traded spot bitcoin funds. The greenback rose marginally against the yen in early Asia trade to 147.23, helped by a slowdown in core consumer inflation in Tokyo that put downward pressure on the Japanese currency. The euro, meanwhile, languished near a three-week low hit on Monday and last traded...
Dollar stems decline after heavy November selloff
Dollar stems decline after heavy November selloff
Source: Reuters
2023-12-05 08:56:55 am
Rupee trades flat against US dollar on Monday Indian rupee was trading flat against the US dollar on Monday as investors awaiting US non-farm payroll data for further cues on US Fed policy and Reserve Bank of India's policy decision on Friday. Meanwhile, the market is convinced that the US Federal Reserve's interest rate-rising cycle is over. Frm domestic equities, foreign fund inflows into capital markets, and state election victories for India's ruling party have kept rupee unchanged. Foreign Institutional Investors (FIIs) ...
Rupee trades flat against US dollar on Monday
Rupee trades flat against US dollar on Monday
Source: Accord Fintech
2023-12-04 12:28:20 pm
India rupee to rise on drop in US yields, state poll outcome The Indian rupee is likely to open stronger on Monday, aided by a drop in U.S. Treasury yields following comments from Federal Reserve Chair Jerome Powell and on the back of state election victories for India's ruling party. Non-deliverable forwards indicate the rupee will open at around 83.23-83.24 to the U.S. dollar compared with its close at 83.2875 on Friday. "With state election results in favour of the central ruling party, rupee should open higher... however dip-buying i...
India rupee to rise on drop in US yields, state poll outcome
India rupee to rise on drop in US yields, state poll outcome
Source: Reuters
2023-12-04 10:40:07 am
Dollar on shaky ground as Fed rate cut bets strengthen The dollar started the week on a shaky footing on Monday as markets took stock of cautious remarks from Federal Reserve Chair Jerome Powell as they waited on a key employment report that could influence the outlook for U.S. interest rates. Bitcoin grabbed the spotlight in the Asian morning, reaching the $40,000 level for the first time in over a year. Powell said on Friday it was clear that U.S. monetary policy was slowing the economy as expected, with the benchmark overnight interest r...
Dollar on shaky ground as Fed rate cut bets strengthen
Dollar on shaky ground as Fed rate cut bets strengthen
Source: Reuters
2023-12-04 09:10:26 am
Over 97% of Rs 2,000 banknotes have been returned: Reserve Bank Of India The total value of Rs 2,000 banknotes in circulation, has declined to Rs 9,760 crore at the close of business on November 30, 2023, the Reserve Bank of India (RBI) announced on Friday. Thus, 97.26 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, have since been returned. The total value of Rs 2,000 banknotes when the withdrawal was announced amounted to Rs 3.56 lakh crore. The facility for deposit or exchange of the Rs 2,000 banknotes was available at all bank br...
Over 97% of Rs 2,000 banknotes have been returned: Reserve Bank Of India
Over 97% of Rs 2,000 banknotes have been returned: Reserve Bank Of India
Source: IANS
2023-12-01 12:33:40 pm
Rupee weakens against US dollar on Friday Indian rupee weakened against the US dollar on Friday tracking persistent dollar demand from local importers. Moreover, muted trend in global markets and uncertainty over the path of US interest rates also dampened rupee sentiments. However, some losses were capped with RBI Governor Shaktikanta Das’ statement that the rupee has witnessed low volatility and orderly movements as compared to its peers. Foreign institutional investors were net buyers in the capital market on Thursday as the...
Rupee weakens against US dollar on Friday
Rupee weakens against US dollar on Friday
Source: Accord Fintech
2023-11-24 12:17:13 pm
Rupee weakens marginally against US dollar on Thursday Indian rupee weakened marginally against the US dollar on Thursday, tracking foreign fund outflows in the capital market. Provisional data from NSE showed that foreign institutional investors net sold shares worth Rs 306.56 crore on Wednesday. Some concern also came as the latest payroll data released by the EPFO showed that reflecting a slowdown in the pace of formal job creation, new subscribers added by the Employees’ Provident Fund Organisation (EPFO) declined by 10.1 per cent to 5....
Rupee weakens marginally against US dollar on Thursday
Rupee weakens marginally against US dollar on Thursday
Source: Accord Fintech
2023-11-23 12:04:33 pm
Rupee trades almost flat against US dollar on Monday Indian rupee is trading almost flat against the US dollar on Monday tracking weak American currency with expectations that the US central bank was done with its interest rate hikes. Meanwhile, volatility in domestic equities, foreign fund outflows and rising crude oil prices pressurized rupee sentiments. Foreign Institutional Investors were net sellers in the capital markets on Friday as they sold shares worth Rs 477.76 crore, exchange data showed. Meanwhile, India's foreign exchange rese...
Rupee trades almost flat against US dollar on Monday
Rupee trades almost flat against US dollar on Monday
Source: Accord Fintech
2023-11-20 11:28:56 am
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened against the US dollar on Wednesday, despite foreign fund outflows from the capital markets and surging crude oil prices. Foreign Institutional Investors were net sellers in the capital market as they offloaded shares worth Rs 693.47 crore on Tuesday, exchange data showed. On the global front, US dollar held firm against major currencies overseas as US Treasury yields surge to multiyear highs following hawkish commentaries from some US Federal Reserve officials.The pa...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
2023-09-27 11:39:23 am
India rupee, perched near record low, to remain under pressure The Indian rupee, hovering near a record low, is expected to remain under pressure amid focus on crude oil prices and the U.S. Federal Reserve's policy decision.Non-deliverable forwards (NDF) indicate rupee will open at around 83.25-83.29 to the U.S. dollar compared with 83.2675 in the previous session.The local currency is within a whisker of the lifetime low of 83.29."You can make out from the price action that we are headed lower (on the rupee)", a forex dealer at a bank said."Let's see ho...
India rupee, perched near record low, to remain under pressure
India rupee, perched near record low, to remain under pressure
Source: Reuters
2023-09-20 08:47:00am