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
USD/INR – The Indian rupee is expected to decline against the U.S. currency amid trimming of dollar short positions after yesterday’s turnaround. The rupee opened at 69.05 against the dollar compared with its previous close of 68.9675. The rupee climbed to a fresh seven-and-a-half-month high of around 68.35 yesterday, before a combination of importer demand
Financial Market Overview 19th March, 2019 Evening Coffee MARKETS AT CLOSE:- Indian Rupee:- The Indian rupee slumped from a seven-and-a-half-month high in early trade to fall for the first time in seven sessions against the dollar, as importers and corporates stepped up greenback buys. Outcome of the Federal Reserve’s two-day monetary policy meeting tomorrow also
Financial Market Overview 19th March, 2019 Noon update Indian Rupee:- The Indian rupee turned lower against the dollar in afternoon trade, as state-run banks and few private lenders stepped up greenback buys on behalf of importers, erasing early gains from a weak dollar ahead of the Federal Reserve’s policy meeting that starts today. The rupee
USD/INR – The Indian rupee opened lower against the U.S. currency amid dollar demand from importers after the domestic unit rose to a seven-and-a-half month high. Momentum technical indicators that signal the rupee is overbought would further weigh on the Indian currency. The rupee opened at 68.55 against the dollar compared with its previous close
Financial Market Overview 18th March, 2019 Evening Coffee MARKETS AT CLOSE:- Indian Rupee:- The Indian rupee surged to a fresh more-than-seven-month high, as the nation’s trade deficit narrowed sharply and continuous foreign fund inflows into local equity and bond markets lifted investor sentiment. The rupee settled at 68.53 to a dollar, its highest since Aug.