Fri, Aug 30, 2024
Rupee appreciated 7 paise to 83.82 against the US dollar in morning trade on Friday, supported by significant foreign fund inflows and a positive trend in domestic equities.Forex traders said a rise in global risk sentiments supported the rupee, while recovery in the US dollar and month-end dollar demand from importers and oil marketing companies (OMCs) weighed on investor sentiments.At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close.
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Thu, Aug 22, 2024
Why is the rupee not able to recover? No support even from fall in dollar index. What is the reason for the fall in rupee?
Wed, Aug 07, 2024
On Wednesday, the Indian rupee closed lower by 4 paise at 83.96 against the US dollar, impacted by a stronger greenback and Middle East tensions. Despite this, domestic market strength and rising crude oil prices provided some support. The rupee traded within a narrow range, while global equities and anticipated RBI policy decisions could influence future movements. The dollar index rose, and Brent crude saw a 1.22% increase
Thu, Jan 26, 2023
One of the major advantage of having foreign trade in Indian rupees is that it will reduce currency conversion cost, and thus, the price of imported goods is likely to reduce in India.
Thu, Jan 19, 2023
There is no significant change in Bank of Japan's policy. What will be its impact on the global market? What will RBI do to strengthen the rupee? Will Donald Trump return to Twitter again? Know from Ajay Bagga, Chairman of Elyments Platforms.
Mon, Jan 02, 2023
The Supreme Court on Monday upheld the decision of the government on demonetisation.
Thu, Dec 15, 2022
Several analysts believe despite the crack, the domestic currency is in a better position than foreign currencies when compared to the American dollar.
Tue, Dec 13, 2022
The Indian rupee has witnessed a depreciation of 6.9 per cent in the current financial year till November 30, the Parliament was told on Tuesday.
Sun, Dec 11, 2022
In a recent review meeting with stakeholders, sources said, the finance ministry asked stakeholders to explore more countries and establish this mechanism as part of its plans to expand bilateral trades through SVRAs and internationalise indigenous payment modes.
Mon, Dec 05, 2022
Rupee Vs Dollar: At the interbank foreign exchange, the domestic unit opened at 81.26 against the dollar, then gained further ground to touch 81.25, registering a rise of 8 paise over its previous close.
Thu, Nov 24, 2022
Several economists said the rupee will continue to be under pressure given the widening current account deficit which is seen close to 4 per cent of the GDP this fiscal.
Wed, Nov 16, 2022
Why is trust on the rupee increasing? What is the brokerage's outlook on Indian rupee? Know full details from Neha Anand.
Rupee vs Dollar: At the interbank foreign exchange, the domestic unit opened at 81.41 against the dollar, then lost ground to quote at 81.57, registering a loss of 66 paise over its previous close.
Tue, Nov 15, 2022
Rupee vs Dollar: In the domestic equity market, the 30-share BSE Sensex was trading 21.13 points or 0.03 per cent lower at 61,603.02. The broader NSE Nifty rose 3.50 points or 0.02 per cent to 18,332.65.
Mon, Nov 14, 2022
The local currency on Monday depreciated by 48 paise to close at 81.26 (provisional) against the US dollar, tracking the recovery in the American currency.
Foreign Institutional Investors (FIIs) were net buyers in capital markets as they purchased shares worth Rs 3,958.23 crore on Friday, according to exchange data.
Thu, Nov 10, 2022
Rupee vs Dollar: At the interbank foreign exchange, the domestic unit opened at 81.61 against the dollar, then lost further ground to quote at 81.64, registering a loss of 17 paise over its previous close.
Wed, Nov 09, 2022
The broad framework for cross-border trade transactions in INR needs to focus on invoicing, exchange rates, and settlement, RBI clarified in its release in July.
Tue, Nov 01, 2022
India's first digital rupee pilot project has been rolled out by the Reserve Bank of India. The digital rupee (e₹) will be used for issuing virtual currency for transactions in government securities.
According to Sriram Iyer, Senior Research Analyst at Reliance Securities, Asian and emerging market peers started mixed on Tuesday as a cautious tone has set in among global investors ahead of the Fed meeting.
Tue, Oct 25, 2022
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.12 per cent to 111.85.
Fri, Oct 21, 2022
The dollar index and oil were flat at 113 and USD 92.30 per barrel, respectively, Bhansali said adding that the Asian currencies were generally weaker against the dollar.
Thu, Oct 20, 2022
What is happening in UK politics? What is the positive news for Rishi Sunak? Why is there weakness in the rupee? Has the currency depreciated from US bond yields? By how much will the Fed raise interest rates this time? Will the problems of the Indian market increase? What new triggers are the markets looking for? When will the BOTTOM of the market formed? When will there be a tremendous recovery in the market? When will be the best time to make profits? Know the complete analysis from Ajay Bagga, Chairman and Market Expert of Elyments Platforms.
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