Jan 16 2019

Rupee At 1-Month Low On Fiscal Worries

Financial Market Overview 16th January, 2019 Evening Coffee                                                                         Indian Rupee:- The Indian rupee fell for a fourth straight session to a month-low against the dollar, as concerns the federal government may deviate from fiscal consolidation path weighed on local bonds, increasing fears of more foreign fund outflows. The rupee settled at 71.24 to

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 Down For 3rd Day On Importers’ Bids And Europe In Focus

Financial Market Overview 15th January, 2019 Evening Coffee                                                                         Indian Rupee:- The Indian rupee slipped for a third straight session to a fresh near-one-month low against the dollar, as importers stepped up greenback purchases, while weak German growth data weighed on the euro, lifting the U.S. currency. The rupee settled at 71.04 to a

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 15 2019

Rupee Opened Higher On Tepid Inflation

Financial Market Overview 15th January, 2019 Morning Coffee:-                                                                         MARKETS AT OPEN:- Rupee:- The Indian rupee opened higher against the dollar after consumer inflation in Asia’s third-largest economy eased to an 18-month low. The dollar’s decline against major currencies and regional peers is also expected to aid the local currency. The Rupee opened at