Mar 25 2019

Rupee Steady As Exporters’ Dollar Sales Erase Early Losses

Financial Market Overview 25th March, 2019 Afternoon Update Indian Rupee The Indian rupee came off the day’s low to trade little changed against the dollar in afternoon trade, as greenback sales by exporters and foreign banks offset early losses from subdued risk appetite. The rupee changed hands at 68.93 to a dollar, against 68.95 at the

Mar 25 2019

Rupee Opens Lower On Investors’ Risk Aversion

USD/INR – The Indian rupee opened lower against the dollar as investor appetite for risk assets weakens amid concerns over a potential recession in the U.S.  The rupee opened at 69.06 to a dollar versus its previous close of 68.95. A weaker-than-expected U.S. manufacturing data narrowed the spread between yields on three-month Treasury bills and

Mar 22 2019

Rupee trims early gains to end lower against the dollar

Financial Market Overview 22nd March, 2019 Evening Coffee Indian Rupee The Indian rupee ended lower against the dollar, as banks stepped up greenback purchases for their importer clients, trimming most of its early gains after the Federal Reserve forecast pause in rate hikes in 2019. The rupee ended at 68.95 to a dollar against 68.82

Mar 22 2019

Rupee Off Highs On Importers’ Bids

Financial Market Overview 22nd March, 2019 Afternoon update Indian Rupee The Indian rupee came off the day’s high against the dollar in thin afternoon trade, as banks stepped up greenback purchases for their importer clients, trimming most of its early gains after the Federal Reserve forecast pause in rate hikes in 2019. The rupee changed

Mar 22 2019

Rupee Opens Higher As Fed Forecasts No Rate Hikes In 2019

USD/INR – The Indian rupee opened higher against the dollar, as the U.S. Federal Reserve unexpectedly projected a pause in its monetary tightening cycle for 2019 amid signs of a global economic slowdown. The rupee opened at 68.64 to a dollar versus its previous close of 68.82.  Indian financial markets were shut yesterday for a

Mar 20 2019

Rupee Turns Higher On Exporters’ Dollar Sales; RBI, Fed Eyed

Financial Market Overview 20th March, 2019 Afternoon update Indian Rupee The Indian rupee erased early losses to trade higher against the dollar in thin afternoon trade, as state-run banks stepped up greenback sales on behalf of their exporter clients. However, an apparent intervention by the central bank and caution ahead of outcome of the Federal