Jan 18 2019

Rupee Slips Amid Higher Crude Oil Prices

Financial Market Overview 18th January, 2019 Noon update Indian Rupee:- The Indian rupee was down tracking a spike in crude oil prices that raised concerns over widening of the nation’s current account deficit. However, expectations of foreign fund inflows limited further losses. The rupee changed hands at 71.20 to a dollar against 71.0450 at the

Jan 17 2019

Rupee Falls On Foreign Banks’ Dollar Bids, Weak Asian Peers

Financial Market Overview 17th January, 2019 Noon update Indian Rupee:- The Indian rupee extended fall against the dollar in afternoon trade, on greenback demand by foreign banks, likely for custodian clients amid weakness in regional currencies. The rupee changed hands at 71.32 to a dollar, against 71.24 at yesterday’s close. It opened at 71.15 and

Jan 16 2019

Rupee Slips As Fiscal Risks Dent Appetite For Local Bonds

Financial Market Overview 16th January, 2019 Noon update Indian Rupee:- The Indian rupee erased early gains to fall sharply against the dollar in afternoon trade, tracking a decline in government bonds on concerns that likely pre-election spending may lead the nation to deviate from its fiscal consolidation path. The rupee changed hands at 71.14 to

Jan 15 2019

Rupee at 1-Month Low On Importers’ Dollar Bids

USD/INR – Rupee opened higher at 70.7750 after India’s consumer inflation eases to 18-month low – well below RBI’s target of 4%. Rupee fell against the dollar in morning trade on importers’ dollar bids and with investors’ diminishing risk appetite before bouncing back broadly due to dollar’s decline against major currencies and regional peers. However,

Jan 14 2019

Rupee Ends Lower As Weak China Data Spurs Risk Aversion

Financial Market Overview 14th January, 2019 Evening coffee Indian Rupee:- The Indian rupee slumped to a near-one-month low against the dollar, as investors’ appetite for risk assets waned after weaker-than-expected Chinese trade data. The rupee settled near the day’s low of 70.93 to a dollar, its lowest since Dec. 17, from 70.4850 at previous close.

Jan 14 2019

Rupee Falls As Global Risk-Off Sparks Outflow Fears

Financial Market Overview 14th January, 2019 Noon update Indian Rupee:- The Indian rupee extended losses to a near-one-month low against the dollar in afternoon trade, as an unexpected decline in Chinese trade data soured risk sentiment, pushing investors away from risk assets. The rupee changed hands at 70.80 to a dollar, against 70.4850 at previous