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Indian rupee weakened against the US dollar on Thursday amid volatile crude oil prices, sluggish domestic equity markets and persistent foreign fund outflows as investors trimmed hopes of aggressive rate cuts by the US Federal Reserve. Foreign Institutional Investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,411.73 crore, exchange data showed. However, some falls were limited by a weaker American currency and likely intervention by the Reserve Ban...
Rupee weakens against US dollar on Thursday
India's strong macroeconomic fundamentals - robust GDP growth, controlled inflation, managed twin deficits and record foreign reserves -have kept the rupee resilient despite foreign institutional investor (FII) outflows, a report showed on Wednesday. Most of the emerging markets have experienced FII outflows during October amid uncertainty around US election, geopolitical tensions in middle east, stimulus announcement by China and rise in US yields. According to the repo...
Rupee resilient despite FII outflows, India`s contribution to world market cap grows
ndian rupee strengthened marginally against the US dollar on Tuesday tracking firm domestic equities and weakness in American currency against major rivals overseas. Rupee sentiments improved further with expectations that the US Federal Reserve to cut interest rates at its December policy meeting. However, sustained foreign fund outflows and rising crude oil prices have capped the rupee’s gain further. Foreign Institutional Investors were net sellers in the capital markets on Monday, a...
Rupee strengthens marginally against US dollar on Tuesday
The yen got some much-needed respite on Tuesday as it steadied on the stronger side of 155 per dollar thanks to a pullback in the U.S. currency, which ran into profit-taking after a stellar rally that saw it scale a one-year high. The yen last edged 0.2% higher to 154.40 per dollar, recovering from its fall in the previous session after Bank of Japan Governor Kazuo Ueda stuck to his usual script and failed to offer any hints on whether a rate hike could come in December. "Rec...
Dollar rally stalls, giving yen respite
The Indian rupee is likely to open steady on Tuesday and may look to make mild gains through the session as the dollar's post-U.S. election surge shows signs of cooling after touching a one-year high last week. The 1-month non-deliverable forward indicated that the rupee will open at 84.38-84.39 to the U.S. dollar, little changed from its close of 84.3850 in the previous session. The local currency had declined to its record low of 84.4125 last week. The dollar index was at 106.2...
Rupee eyes breathing room as dollar rally stalls, importers may cap gains
Indian rupee strengthened against the US dollar on Monday due to a steady American currency overseas ahead of upcoming comments from US Federal Reserve officials this week for more cues on the interest rate path. Moreover, lower level of crude oil prices in the international market also supported rupee sentiments. Besides, India's inflation surge and sustained foreign fund outflows have limited further gains in rupee. Foreign Institutional Investors were net sellers in the capital markets...
Rupee strengthens against US dollar on Monday
The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month. Bank of Japan Governor Kazuo Ueda reiterated that interest rates would continue to rise gradually should the economy develop in line with the central bank's outlook. However, he made no mention of whether a hike would come in December, saying the BOJ would ne...
Dollar firms against yen as BOJ leaves open timing of hikes
The Indian rupee was nearly unchanged on Monday as likely intervention by the Reserve Bank of India (RBI) helped offset pressure driven by weakness in local equities, which have borne the brunt of sustained foreign portfolio outflows this quarter. The rupee was at 84.3875 against the U.S. dollar as of 10:00 a.m. IST, barely changed from its close at 84.3950 on Thursday. Indian financial markets were shut on Friday for a local holiday. State-run banks were spotted offering dollars near 8...
Rupee nearly flat; cenbank intervention supports as equities stay tepid
Foreign currency deposits fell for the first time in five months in October on sagging corporate demand for U.S. dollar-denominated deposits and increasing import settlements amid a weak Korean currency, central bank data showed on Sunday. Residents' outstanding foreign currency-denominated deposits reached $98.97 billion as of end-October, down $5.1 billion from a month earlier, according to the data from the Bank of Korea (BOK). The figure had climbed from June through Septe...
Foreign currency deposits down for 1st time in 5 months in South Korea
The dollar was set for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. The greenback hovered near a one-year high against a basket of currencies at 106.81 and was eyeing a weekly gain of 1.76%, which would mark its best performance since September. Sterling was in turn on track for its steepest weekly fall since January 20...
Dollar headed for weekly gain on slower Fed easing, inflation outlook
Indian rupee marginally weakened against the US dollar on Thursday, pressured by strong dollar overseas after US inflation for October came in as expected and suggesting the Federal Reserve will continue lowering interest rates. Moreover, unabated foreign fund outflows and India’s inflation surge also dampened sentiments. Foreign Institutional Investors were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 2,502.58 crore, exchange data showed. Meanwhile...
Rupee weakens against US dollar on Thursday
The Indian rupee was slightly weaker on Thursday, tracking a decline in Asian peers, as the dollar index climbed to its highest level in a year amid ongoing momentum following Donald Trump's victory in the U.S. elections. The rupee was at 84.4025 per U.S. dollar as of 11:00 a.m. IST, down from its close at 84.3775 in the previous session. Asian currencies were weaker by 0.1% to 0.9% while the dollar index was up 0.2% at 106.7, hovering close to its highest level in a year. ...
Rupee dips; cenbank heightens scrutiny on FX trades, bankers say
The U.S. dollar stood at a one-year high against major peers on Thursday and headed for a fifth straight daily gain fuelled by higher yields and Donald Trump's election victory. The greenback climbed above 156 yen for the first time since July. The euro slumped to its weakest since Nov. 2023 at $1.0546 and sterling hit its lowest on the dollar in three months at $1.2683. Higher trade tariffs and tighter immigration under the incoming Trump administration are projected to fuel inflat...
Dollar holds firm at one-year high on Trump trade momentum
Indian rupee weakened against the US dollar on Wednesday, tracking weak domestic equities after the latest inflation report that showed prices climbing to a 14-month high of 6.21% in October and breached the Reserve Bank of India's upper tolerance limit. Moreover, persistent foreign fund outflows and strengthening dollar Index have also adding pressure on rupee. Foreign Institutional Investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,024.31 c...
Rupee weakens against US dollar on Wednesday
The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary. [US/]. The...
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
The Indian rupee is likely to inch up at the open on Wednesday on the back of a mild uptick in its Asian peers before U.S. inflation data that will hold cues on what the Federal Reserve will do at its next meeting. The 1-month non-deliverable forward indicated that the rupee will open at 84.38-84.3850 to the U.S. dollar, compared with 84.3925 in the previous session. The currency dipped to an all-time low of 84.4125 on Tuesday. Donald Trump's victory in the U.S. election has spur...
Mild relief for rupee on slight recovery in Asia before US inflation data
The US dollar surged to a four-month high, pressuring major global currencies like the Euro, Pound, and Yen to multi-month lows. The Euro fell to $1.0625 due to US policy concerns and German political instability. The Pound dropped to $1.28, impacted by labor data and UK monetary policy. The offshore Yuan slid past 7.24 per dollar, weighed down by weak Chinese data. Meanwhile, the Yen remained weak, prompting Japanese authorities to issue warnings against volatile moves. The Australian dollar...
Global Currencies Slide as Dollar Strengthens Amid Trump Optimism by Amit Gupta, Kedia Advisory
World’s biggest cryptocurrency Bitcoin is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations. On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent since the US election. According to Nigel Green of deVere Group, “Bitcoin could hit $100,000 by the end of January 2025 after Donald Trump takes office”. The bullish prediction...
Bitcoin may touch $100,000 by January end after Donald Trump takes office
Indian rupee weakened against the US dollar on Tuesday amid strength of the American currency at overseas market after markets bet that inflationary policies under Donald Trump will keep interest rates high in the long term, while investors are awaiting key US inflation reading later in the week for directional cues. Moreover, persistent foreign fund outflows also weighed on domestic currency. Foreign Institutional Investors were net sellers in the capital markets on Monday, as they offloaded...
Rupee weakens against US dollar on Tuesday
The USD/INR pair remains strong as the Indian Rupee continues to weaken, nearing record lows due to persistent foreign fund outflows and muted domestic equity trends. While renewed US Dollar demand from oil companies and foreign banks adds pressure, falling crude oil prices and potential RBI intervention may limit INR depreciation. Key focus areas include India’s October CPI data and upcoming remarks from Federal Reserve officials. Technical indicators suggest the USD/INR remains in a b...
USD/INR Strengthens Amid CPI Data and Outflows Pressure by Amit Gupta, Kedia Advisory
The Indian rupee is likely to open at a lifetime low on Tuesday, weighed by the rally in the dollar index and the slump in the Chinese yuan in the wake of Donald Trump's victory in the U.S. Presidential election. The 1-month non-deliverable forward indicated that the rupee will open at 84.40-84.42 to the U.S. dollar, inching past the all-time low of 84.3925 hit on Monday. The rupee has been making all-time lows after Trump's U.S. election victory. The rupee would likely...
All-time low beckons for rupee on slide in yuan, rally in dollar index
The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than three-month low with Europe and China both particular targets of potential Trump tariffs. The U.S. dollar index, which measures the currency ag...
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered
Indian rupee weakened marginally against the US dollar on Monday, due to concerns surrounding the recent victory of Donald Trump in the U.S. elections and stronger US dollar. While, weak trend in domestic equities along with unabated foreign fund outflows also weighed on the local currency. Foreign institutional investors were net sellers in the capital markets on Friday, as they offloaded shares worth Rs 3,404.04 crore, exchange data showed. Rupee sentiments declined further on dip in crude ...
Rupee weakens marginally against US dollar on Monday
The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. Highlighting the bleak background in China, data out over the weekend showed consumer prices rose at the slowest pace in four months in October, while producer price deflation deepened. Reports on retail sales and industrial output due on Friday should show whether Beijin...
Dollar underpinned before US inflation data, Fed speakers
The Indian rupee weakened to its lowest level on record on Monday, as worries about Donald Trump's victory in the U.S. election kept Asian currencies under pressure while sustained outflows from Indian stocks weighed on the local currency. Likely intervention by the Reserve Bank of India (RBI), though, helped the currency stave off a sharper decline, traders said. The rupee dipped to a low of 84.3875 in early trading, eclipsing its previous all-time low of 84.38 hit on Friday. The c...
Rupee slips to record low as Asia FX declines; cenbank likely steps in
The Indian rupee weakened to a record low on Friday and logged its worst weekly fall since May, pressured by sustained outflows from local stocks and expectations of a stronger dollar after Donald Trump won the U.S. election. The rupee closed little changed at 84.3750 against the dollar, after declining to 84.38 late in the session, eclipsing its previous all-time low of 84.3775 hit on Thursday. State-run banks were spotted offering dollars through much of Friday, most likely on b...
Rupee weakens to record low, logs worst week in five months
The Pound Sterling is holding gains against most major currencies, except the US Dollar, following Bank of England (BoE) Governor Andrew Bailey's recent comments. After a 25 bps rate cut, Bailey highlighted a cautious approach to future cuts, stating rates would lower gradually if the economy aligns with forecasts. However, he reiterated the BoE's commitment to a restrictive stance to mitigate inflation risks. The GBP/USD pair trades near 1.3000, facing resistance with the 200-day EMA...
Pound Sterling Seeks Stability Amid BoE`s Gradual Rate Cut Signals by Amit Gupta, Kedia Advisory
Indian rupee weakened against the US dollar on Friday, followed by sluggish domestic equities and persistent foreign fund outflows with exchange data showed Foreign Institutional Investors were net sellers in the capital markets as they offloaded shares worth Rs 4,888.77 crore on Thursday. Rupee fell further by market worries about higher tariffs on Chinese goods following Donald Trump's win in the US presidential election. However, a steady dollar index against major currencies overseas ...
Rupee weakens against US dollar on Friday
The Indian rupee was little changed near a record low on Friday, as likely intervention by the central bank countered the impact of outflows from local stocks. The rupee was at 84.37 as of 11:40 a.m. IST, just shy of its all-time low of 84.3775 hit in the previous session. State-run banks were spotted offering dollars, most likely on behalf of the Reserve Bank of India, near 84.37-84.3750 levels, traders said. While the dollar index has given up a large part of the gains spurred by R...
Rupee flat as cenbank intervention helps offset equity outflows pressure
The U.S. dollar was back on the front foot on Friday and looking to end a volatile week with a slight gain, as markets weighed the impact of Donald Trump's return to the White House and what that means for the U.S. economy and its interest rate outlook. Before the Asian day is out, China will conclude its five-day meeting of the Standing Committee of the National People's Congress, from which investors will be watching for details of stimulus measures that could lift the yuan...
Dollar set to cap wild week on a high; China NPC meeting in focus
Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded weak at 84.36, registering a decline of 0.04 rupees. The dollar index remained stable near 104.50, maintaining its strength as investors positioned themselves ahead of the key Federal Reserve meeting. Meanwhile, Foreign Institutional Investors (FIIs) have maintained a net selling stance in Indian markets, further weighing on the rupee's value. All ey...
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Indian rupee weakened against the US dollar on Thursday with caution ahead to the US Fed meeting outcome later this week. Moreover, persistent foreign fund outflows and weak domestic equities have also dented rupee sentiments. Foreign Institutional Investors were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 4,445.59 crore, exchange data showed. Rupee fell further with hopes that Donald Trump’s win in the US presidential elections is likely to boost ...
Rupee weakens against US dollar on Thursday
The Indian rupee declined to a lifetime low on Thursday in the wake of expectations that Donald Trump's victory is likely to boost the dollar in the coming months. The rupee dipped to 84.2950, inching past the previous all-time low of 84.28 hit on Wednesday. Trump's policies of tax cuts and deregulation are likely to lift U.S. growth, prompting investors to prefer the dollar to the other currencies, analysts said, adding that the threat of tariffs is likely to undermine euro and...
Indian rupee drops to all-time low on bullish dollar outlook
The dollar held near four-month highs on Thursday, having scored its biggest one-day rally in two years following Donald Trump's win in the U.S. presidential election, and as investors prepped for several central bank decisions including the Federal Reserve. Sterling rallied ahead of a Bank of England meeting, while the Swedish and Norwegian crowns edged up after in-line decisions from their respective central banks. Front and centre, however, was the dollar, which rose by as m...
Dollar backs off post-election highs ahead of rate decisions
Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded sharply lower at 84.29 against the dollar, experiencing a significant drop of 0.20 due to the outcome of the US election, where Republican candidate Donald Trump emerged victorious. Trump's win has strengthened the dollar index, adding pressure on global currencies. The market reaction reflects concerns about potential sanctions and protectionist pol...
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
As Donald Trump edged closer to victory in the US presidential election, Bitcoin surged to a record high of $75,060, fuelling investors’ excitement in the cryptocurrency sector. The world's most valuable digital asset saw 7 per cent growth on Tuesday alone (US time). Trump made Bitcoin a focal point during his campaign, saying he would make the US the "crypto capital of the world" Bitcoin hit a new record above $75,000, almost surpassing $1.5 trillion in va...
Bitcoin expected to hit $80,000 as crypto fan Trump edges closer to victory
The dollar rallied broadly on Wednesday and bitcoin jumped to an all-time high as investors returned to so-called "Trump trades" with initial results trickling in for an extremely close U.S. presidential election. In the key battleground state of Georgia, Republican Donald Trump is so far leading Democrat Kamala Harris with more than half the ballots counted, according to Edison Research. However, with vote counting still in an early stage nationally, it could be hours o...
Dollar rallies, bitcoin hits record high as early US votes bolster `Trump trades`
The Indian rupee declined in the non-deliverable forward market, bogged down by a jump in the dollar index and weakness in Asian peers amid U.S. election updates. The 1-month USD/INR non-deliverable forward was quoted at 84.28/84.32. If these levels were to hold, then the rupee would open at around 84.18, compared to 84.1075 on Tuesday and past its all-time low of 84.1275. The dollar strengthened across the board amid U.S. election updates, which showed Republican candidate Do...
Rupee slips in NDF market amid US election updates
Indian rupee weakened against the US dollar on Tuesday due to a muted trend in domestic equities and caution ahead of the outcome of the US presidential election this week, while this week’s Federal Reserve's monetary policy announcement also pressurised sentiments. Moreover, persistent foreign fund outflows and rising crude oil prices also dragged down the domestic currency. Foreign institutional investors were net sellers in the capital markets on Monday, as they offloaded shares ...
Rupee weakens against US dollar on Tuesday
The Indian rupee touched its weakest level on record on Monday, as persistent outflows from local stocks blunted the impact of a weaker dollar that helped lift the currency's regional peers ahead of the U.S. presidential election. The rupee closed at 84.1150 against the U.S. dollar after touching its all-time low of 84.1225 earlier in the session. Benchmark Indian equity indexes, the BSE Sensex and Nifty 50, fell more than 1% each on the day, their worst single-day performance...
Rupee touches all-time low on equity outflows, US elections in focus
The Indian rupee is poised to open at a lifetime low on Tuesday as market participants eye the U.S. presidential election, which polls suggest is virtually a coin toss. The 1-month non-deliverable forward indicates that the rupee will open at 84.14 to the U.S. dollar, inching past the current all-time low of 84.1225 hit on Monday. The local currency has been crawling to new lows over the last three weeks in the wake of foreign equity outflows and nervousness regarding the outcome of the...
All-time low awaits rupee before US election; RBI may help out
The dollar started Tuesday on the defensive as traders squared positions on the day of the U.S. presidential election, after recent polls dented some of the market bets on a victory for Republican Donald Trump. Democrat Kamala Harris has also experienced improving odds on election gambling sites and has a slight lead on PredictIt, although Polymarket continues to show Trump as favourite. The U.S. currency slumped as much as 0.76% against the euro overnight to a three-week trough after a...
Dollar on back foot as Trump trades unwind; Aussie wary before RBA
The options market is indicating that the Indian rupee traders were not too concerned about the potential flare-up in volatility post the U.S. elections, a distinct contrast to other Asian currencies. The 1-month implied volatility on the dollar/rupee pair was at 2.3% on Monday, a day before the U.S. elections, nearly on par with the year-to-date daily average. Implied volatility reflects the market's view on the potential for future price fluctuations. In contrast to the rupee, ...
Indian rupee traders less worried about US elections than rest of Asia
Indian rupee was trading flat against the US dollar on Monday following weak domestic equities, rising crude oil prices and persistent foreign fund outflows due to uncertainty over the US presidential election and the Federal Reserve's monetary policy decision. Foreign institutional investors were net sellers in the capital markets on Friday, as they offloaded shares worth Rs 211.93 crore, exchange data showed. India's forex reserves dropped by $3.463 billion to $684.805 billion in th...
Rupee trades flat against US dollar on Monday
The Indian rupee is expected to open higher on Monday, on the back of a decline in the U.S. dollar amid likely unwinding of long positions in the lead up to the U.S. presidential election. The 1-month non-deliverable forward indicates that the rupee will open at 84.04-84.06 to the dollar, compared with its previous close of 84.0750. Last week, the rupee traded in a narrow 3.5 paisa range, thanks largely to the Reserve Bank of India's repeated interventions. "We a...
Dollar decline to help rupee kick off big week on positive note
The dollar slipped in Asia on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. The euro rose 0.4% to $1.0884 but faces resistance around $1.0905, while the dollar fell 0.7% on the yen to 151.81 yen. The dollar index eased 0.1% to 103.79. Treasury futures rallied 10 ticks, recovering some of the losses suffered on Friday. [US/] ...
Dollar slips ahead of US election and as Fed rate cut looms
The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan in the previous session. The U.S. dollar started the month off at a lower level after coming under pressure against the yen and on T...
Dollar calm as investors eye US jobs report, election
Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded flat around 84.09, hovering near all-time lows, as FIIs continued their selling spree in Indian markets. Market participants are eyeing Friday's US NFP and unemployment data for cues on the dollar's trajectory, with the greenback currently trading around 103.80, up from recent lows of 100.50. Next week's US election results are also expected ...
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
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