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Rupee strengthens marginally against US dollar on Tuesday 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
Rupee strengthens marginally against US dollar on Tuesday
Source: Accord Fintech
2024-11-19 11:35:10 am
Rupee eyes breathing room as dollar rally stalls, importers may cap gains 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
Rupee eyes breathing room as dollar rally stalls, importers may cap gains
Source: Reuters
2024-11-19 09:06:17 am
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee showed strength, gaining 0.08 rupees to trade at 84.39, supported by a weakening dollar that failed to break above 107 and retreated to 106.45. This minor support for the rupee was further aided by a reduction in FII selling activity in recent days, with expectations that sell-off pressure will remain limited due to the upcoming state elections in Mahara...
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-11-18 05:15:11 pm
Rupee strengthens against US dollar on Monday 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
Rupee strengthens against US dollar on Monday
Source: Accord Fintech
2024-11-18 11:39:36 am
Rupee nearly flat; cenbank intervention supports as equities stay tepid 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
Rupee nearly flat; cenbank intervention supports as equities stay tepid
Source: Reuters
2024-11-18 09:02:13 am
Rupee weakens against US dollar on Thursday 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
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-11-14 12:08:45 pm
Rupee dips; cenbank heightens scrutiny on FX trades, bankers say  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
Rupee dips; cenbank heightens scrutiny on FX trades, bankers say
Source: Reuters
2024-11-14 09:07:52 am
Rupee weakens against US dollar on Wednesday 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
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
2024-11-13 11:53:28 am
Mild relief for rupee on slight recovery in Asia before US inflation data 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
Mild relief for rupee on slight recovery in Asia before US inflation data
Source: Reuters
2024-11-13 08:53:33 am
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee traded weaker by 0.01 rupees, closing at 84.40, as FIIs continued their selling spree in the Indian market. However, the rupee received some relief from falling crude and gold prices, as the reduced pace of decline could potentially improve India's import bill in the coming months. Despite this, the dollar index's continued strength above 105 is expecte...
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-11-12 05:24:04 pm
Indian cenbank likely selling dollars to support rupee amid Asian currencies' slide The Indian central bank was likely selling dollars to support the rupee after the local currency hit its all-time low on Tuesday, pressured by a Chinese yuan-led decline in Asian currencies, four traders told Reuters. The rupee weakened to a low of 84.40 per dollar in early trading, eclipsing its previous record low of 84.3925 hit in the previous session. The currency was last flat at 84.3925. State-run banks were spotted offering dollars near 84.40 levels, most likely on behalf of the ...
Indian cenbank likely selling dollars to support rupee amid Asian currencies' slide
Indian cenbank likely selling dollars to support rupee amid Asian currencies' slide
Source: Reuters
2024-11-12 02:09:42 pm
Rupee weakens against US dollar on Tuesday 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
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-11-12 12:04:48 pm
All-time low beckons for rupee on slide in yuan, rally in dollar index  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
All-time low beckons for rupee on slide in yuan, rally in dollar index
Source: IANS
2024-11-12 09:31:02 am
Rupee weakens marginally against US dollar on Monday 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
Rupee weakens marginally against US dollar on Monday
Source: Accord Fintech
2024-11-11 12:12:08 pm
Rupee slips to record low as Asia FX declines; cenbank likely steps in 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
Rupee slips to record low as Asia FX declines; cenbank likely steps in
Source: Reuters
2024-11-11 08:48:16 am
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee closed at 84.38, marking another record low as it continues to feel the impact of persistent selling by FIIs, extending the sell-off trend from October. The Federal Reserve's policy outcome was in line with expectations, delivering a 0.25% rate cut and reinforcing its commitment to targeting 2% inflation. The Fed's acknowledgment of an anticipated ...
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-11-09 05:37:56 pm
Every rupee collected is accounted for so it doesn`t get frittered away: FM Nirmala Sitharaman The government, under Prime Minister Narendra Modi, accounts for every rupee collected so that it doesn't get frittered away and common people benefit from the work that it is doing, Union Finance Minister Nirmala Sitharaman said here on Saturday.  Addressing students at an event here, FM Sitharaman said that if you're looking at how our government has managed the money that it earns and the money that it spends, "the philosophy has been that for every rupee which is coll...
Every rupee collected is accounted for so it doesn`t get frittered away: FM Nirmala Sitharaman
Every rupee collected is accounted for so it doesn`t get frittered away: FM Nirmala Sitharaman
Source: IANS
2024-11-09 02:54:08 pm
Rupee weakens to record low, logs worst week in five months  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
Rupee weakens to record low, logs worst week in five months
Source: Reuters
2024-11-08 05:43:19 pm
Rupee weakens against US dollar on Friday 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
Rupee weakens against US dollar on Friday
Source: Accord Fintech
2024-11-08 12:05:46 pm
Rupee flat as cenbank intervention helps offset equity outflows pressure 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
Rupee flat as cenbank intervention helps offset equity outflows pressure
Source: Reuters
2024-11-08 09:03:08 am
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities 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
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-11-07 04:25:51 pm
Rupee weakens against US dollar on Thursday 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
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-11-07 11:52:58 am
Indian rupee drops to all-time low on bullish dollar outlook 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
Indian rupee drops to all-time low on bullish dollar outlook
Source: Reuters
2024-11-07 09:32:22 am
Rupee slips in NDF market amid US election updates   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
Rupee slips in NDF market amid US election updates
Source: Reuters
2024-11-06 08:34:26 am
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee traded flat around 84.10, while the dollar index remained steady near 103.66. Market participants are closely monitoring FII activity, as any significant buying or selling could influence the rupee's movement, especially with the upcoming US election outcome. The removal of this major event risk in a few days could further dictate the trend, as recen...
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-11-05 05:49:28 pm
Rupee weakens against US dollar on Tuesday 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
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-11-05 12:37:27 pm
Rupee touches all-time low on equity outflows, US elections in focus  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
Rupee touches all-time low on equity outflows, US elections in focus
Source: Reuters
2024-11-05 10:18:08 am
All-time low awaits rupee before US election; RBI may help out 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
All-time low awaits rupee before US election; RBI may help out
Source: Reuters
2024-11-05 08:56:52 am
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee weakened by 0.04, trading at 84.10, as the dollar index strengthened and FII selling intensified at the start of November, ahead of the US election. FIIs appear to be reducing their exposure to Indian markets, awaiting the outcome of the election, which has led to index-level corrections. The rupee is expected to remain volatile, with the US election res...
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-11-04 04:39:38 pm
Indian rupee traders less worried about US elections than rest of Asia 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 traders less worried about US elections than rest of Asia
Source: Reuters
2024-11-04 03:05:03 pm
Rupee trades flat against US dollar on Monday 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
Rupee trades flat against US dollar on Monday
Source: Accord Fintech
2024-11-04 12:06:41 pm
Dollar decline to help rupee kick off big week on positive note  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
Dollar decline to help rupee kick off big week on positive note
Source: Reuters
2024-11-04 08:39:18 am
Rupee trades flat against US dollar on Thursday Indian rupee was trading flat against the US dollar on Thursday pressured by firm American currency at overseas markets with caution ahead to the US presidential election due on November 5, and weak domestic equities following persistent foreign fund outflows also kept the rupee under pressure. Foreign institutional investors (FIIs) were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 4,613.65 crore, exchange data showed. India’s fiscal deficit for the...
Rupee trades flat against US dollar on Thursday
Rupee trades flat against US dollar on Thursday
Source: Accord Fintech
2024-10-31 12:13:16 pm
Rupee undermined by weak risk, soft dollar supports The Indian rupee is expected to open little changed on Thursday, amid losses in Asian shares and U.S. equity futures and a pause in the dollar's upward momentum. The 1-month non-deliverable forward indicated that the rupee will open largely unchanged from 84.0775 per U.S. dollar in the previous session, when it hit an all-time low of 84.09. The local currency has been in a very narrow range so far this week, just like last week. The Reserve Bank of India's insistence on not allo...
Rupee undermined by weak risk, soft dollar supports
Rupee undermined by weak risk, soft dollar supports
Source: Reuters
2024-10-31 09:05:40 am
Rupee weakens against US dollar on Wednesday Indian rupee weakened against the US dollar on Wednesday, pressured by sluggish domestic equities and persistent foreign fund outflows from the country's share markets. Foreign institutional investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 548.69 crore, exchange data showed. Rupee sentiments declined further ahead of next week's US presidential election and a cautious Federal Reserve stance on interest rates. However, a steady American cu...
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
2024-10-30 12:22:03 pm
India`s Swiggy prices $1.35 billion IPO at 371-390 rupees apiece Indian food delivery giant Swiggy has set a price band of 371 rupees to 390 rupees per share for its $1.35 billion domestic initial public offering (IPO), a newspaper advertisement showed on Wednesday. Swiggy's IPO will be the country's second-biggest stock offering this year, behind carmaker Hyundai India's $3.3 billion IPO earlier this month. ($1 = 84.0660 Indian rupees)
India`s Swiggy prices $1.35 billion IPO at 371-390 rupees apiece
India`s Swiggy prices $1.35 billion IPO at 371-390 rupees apiece
Source: Reuters
2024-10-30 09:03:56 am
Rupee to receive help from pullback in US yields, relief for Asia FX The Indian rupee will be supported on Wednesday by the dip in U.S. Treasury yields and a reprieve for its Asian peers. The one-month non-deliverable forward indicated the rupee will open flat to marginally higher than its close of 84.0750 per U.S. dollar in the previous session. The 10-year U.S. Treasury yield retreated, having hit a four-month high on Tuesday, and the dollar index inched lower. Asian currencies were range-bound. "All this (the soft dollar) will do is very sligh...
Rupee to receive help from pullback in US yields, relief for Asia FX
Rupee to receive help from pullback in US yields, relief for Asia FX
Source: Reuters
2024-10-30 08:50:15 am
Rupee trades flat against US dollar on Tuesday Indian rupee was trading flat against the US dollar on Tuesday, pressured by sluggish domestic equities and persistent foreign fund outflows from Indian capital market. Foreign institutional investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 3,228.08 crore, exchange data showed. Investors are cautious ahead of the US presidential election. Meanwhile, weak American currency at overseas markets, easing crude oil prices and any intervention by t...
Rupee trades flat against US dollar on Tuesday
Rupee trades flat against US dollar on Tuesday
Source: Accord Fintech
2024-10-29 11:34:08 am
Swiggy likely to price $1.4 billion IPO at 371-390 rupees/share, sources say Indian food delivery giant Swiggy will likely price its $1.4 billion initial public offering at 371-390 rupees per share, sources with direct knowledge of the matter told Reuters on Monday. Swiggy has in recent weeks cut its internal valuations goal twice by a combined 25% due to volatility in the markets. It was initially looking at a valuation of as much as $15 billion, but following those cuts it is now targeting $11.3 billion. Swiggy did not respond to a Reuters request for comment....
Swiggy likely to price $1.4 billion IPO at 371-390 rupees/share, sources say
Swiggy likely to price $1.4 billion IPO at 371-390 rupees/share, sources say
Source: Reuters
2024-10-29 09:11:57 am
Rupee to remain defiant in face of higher U.S. yields, outflows The Indian rupee is likely to open little changed on Tuesday, remaining unresponsive to U.S. Treasury yields, outflows and other external cues amid possible intervention from the Reserve Bank of India. The 1-month non-deliverable forward indicated that the rupee will open nearly unchanged from 84.0775 in the previous session. The local currency for two-and-a-half weeks has been stuck in a narrow 10-paisa range with the RBI not wanting the rupee to fall more. The central bank has been...
Rupee to remain defiant in face of higher U.S. yields, outflows
Rupee to remain defiant in face of higher U.S. yields, outflows
Source: Reuters
2024-10-29 09:05:27 am
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities     "The rupee stayed flat near 84.07, with the dollar slightly higher at 104.20$. Crude prices dropped sharply by 6%, settling around 67.40$, providing some monetary relief amidst persistent FII selling in Indian equities. This decline in crude has helped ease pressure on the rupee despite ongoing market challenges. Key support for the rupee is near 84.15, w...
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-10-28 04:42:21 pm
Rupee strengthens marginally against US dollar on Monday Indian rupee strengthened marginally against the US dollar on Monday, despite a firmer American currency and rise US Treasury yields ahead the outcome of the upcoming US presidential election on November 5. Meanwhile, firm domestic equities, weak crude oil prices and intervention by the Reserve Bank of India have also supported rupee at lower levels. Although, the rupee remains under intense pressure and limited further gains on significant foreign fund outflows from the Indian capital market...
Rupee strengthens marginally against US dollar on Monday
Rupee strengthens marginally against US dollar on Monday
Source: Accord Fintech
2024-10-28 12:17:26 pm
Rupee closes flat after brief dip to all-time low amid rising US yields The Indian rupee ended flat on Monday, after briefly dipping to a lifetime low, pressured by the U.S. 10-year yield climbing to its highest since late July. The rupee dropped to a record low of 84.0850 to the dollar in afternoon trade, slipping past the previous low of 84.0825 it had hit last week. The currency settled at 84.0775 compared to its close of 84.0800 on Friday. The dollar index inched past 104.50 and most Asian currencies fell. The U.S. dollar and bond yields have been pu...
Rupee closes flat after brief dip to all-time low amid rising US yields
Rupee closes flat after brief dip to all-time low amid rising US yields
Source: Reuters
2024-10-28 09:14:16 am
Rupee to round off a quiet week clinging to all-time low The Indian rupee will be caught between a softer dollar on one side and outflows on the other on the last day of a week in which the local currency has held a 3 paisa range - its narrowest this year - and dropped to a lifetime low. The 1-month non-deliverable forward indicated that the rupee will open nearly unchanged at 84.0775 in the previous session. The rupee has been in the 84.0550-84.0825 range this week largely thanks to a central bank that is helping the currency in the backdrop...
Rupee to round off a quiet week clinging to all-time low
Rupee to round off a quiet week clinging to all-time low
Source: Reuters
2024-10-25 09:36:35 am
Rupee trades flat against US dollar on Thursday Indian rupee traded flat against the US dollar on Thursday amid the American currency retreated from its higher level against rivals, despite the fear of slower interest rate cut by the US Federal Reserve. Moreover, routine interventions by the RBI have also helped the rupee sentiments. Although, weak domestic equities, elevated crude oil prices, persisting foreign fund outflows from capital market and political uncertainty ahead of the US Presidential election have kept the upside in check. ...
Rupee trades flat against US dollar on Thursday
Rupee trades flat against US dollar on Thursday
Source: Accord Fintech
2024-10-24 12:48:27 pm
Rupee little changed, bucks regional volatility trends ahead of US election The Indian rupee was largely flat on Thursday with volatility expectations signalling that the currency is expected to remain rangebound, even as its regional peers brace for swings heading into the U.S. presidential election. The rupee was at 84.0625 against the U.S. dollar as of 11:00 a.m. IST, compared with its close at 84.08 in the previous session. Gains in most of its Asian peers offered only marginal relief to the rupee. Regional currencies were up between 0.1% to 0.3%. The lo...
Rupee little changed, bucks regional volatility trends ahead of US election
Rupee little changed, bucks regional volatility trends ahead of US election
Source: Reuters
2024-10-24 11:53:41 am
Rupee strengthens marginally against US dollar on Wednesday Indian rupee strengthened marginally against the US dollar on Wednesday, tracking firm domestic equities, in spite of strengthening American currency and exodus of foreign funds from Indian equities to China. Foreign institutional investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,978.61 crore, exchange data showed. However, some gains were limited by conflicts in the Middle East and uncertainty surrounding the upcoming US presidential election. ...
Rupee strengthens marginally against US dollar on Wednesday
Rupee strengthens marginally against US dollar on Wednesday
Source: Accord Fintech
2024-10-23 11:44:25 am
Rupee to hold near all-time low on higher US yields, upbeat dollar  The Indian rupee is likely to hold near lifetime low on Wednesday after U.S. Treasury yields climbed to a three-month high with eyes on the presidential election, helping the dollar extend its rally. The 1-month non-deliverable forward indicated that the rupee will open at 84.0750-84.0850 to the U.S. dollar compared with 84.0775 in the previous session and the all-time low of 84.0825 hit on Tuesday. The run-up in the dollar and U.S. yields, and the selloff in Indian equities amid ...
Rupee to hold near all-time low on higher US yields, upbeat dollar
Rupee to hold near all-time low on higher US yields, upbeat dollar
Source: Reuters
2024-10-23 09:14:20 am