Tag Archives: Rupee
Rupee under pressure despite dovish Fed minutes; downside bias persists
The Indian rupee is likely to start Thursday’s session with little change, despite the U.S. Federal Reserve’s dovish minutes failing to provide a lift to Asian currencies. The 1-month non-deliverable forward (NDF) suggests the rupee (USDINR) will open close to 83.9225, nearly unchanged from the previous session.
Indian rupee set to strengthen as confidence in Fed rate cuts grows
The Indian rupee is set to open on a stronger note on Wednesday, buoyed by rising confidence that the Federal Reserve will implement a series of rate cuts this year.
Rupee may drop to near 84/USD; RBI intervention likely
The Indian rupee is poised to weaken on Tuesday, with forecasts indicating it could reach an all-time low against the U.S. dollar. The non-deliverable forwards (NDF) market suggests that the rupee (USDINR) will open at 83.97-83.99 to the dollar, slipping past Monday’s close and lifetime low of 83.8450.
Rupee edges higher with Asian peers; forward premiums increase
The rupee (USDINR) stood at 83.70 against the U.S. dollar as of 11:00 a.m. IST, up from its previous close of 83.72. On Wednesday, the currency had hit a record low of 83.7450. Asian currencies rose between 0.1% and 0.8%, while the dollar index (DXY) was at 104 after declining 0.4% on Wednesday.
Rupee to decline alongside Asian currency weakness and central bank decisions
Indian rupee likely to maintain a depreciation bias as Asian currencies slip and focus shifts to central bank policy decisions.
Rupee likely to stay near record lows due to high dollar demand
The Indian rupee faces renewed pressure this week, with traders expecting it to stay near its record low against the U.S. dollar. The rupee closed last week at 83.7275, its weakest level ever, and non-deliverable forwards suggest it will open around 83.71-83.72 per dollar on Monday.
Rupee avoids record low on RBI intervention but expected to weaken
The Indian rupee stayed nearly flat on Wednesday, hovering at 83.69 against the U.S. dollar by 11:00 a.m. IST, barely changed from its previous close at 83.6875. This steadiness came despite the currency nearing a record low of 83.7150 on Tuesday.
Rupee edges higher with Asian peers; India awaits budget
The Indian rupee saw a modest rise on Tuesday, trading at 83.6250 against the U.S. dollar as of 09:30 a.m. IST, up slightly from its previous close of 83.6575.
Rupee will rely on Powell’s testimony to end deadlock
Key points The Indian rupee is poised to open largely unchanged on Tuesday as traders eagerly await Federal Reserve Chair Jerome Powell’s testimony before Congress. The rupee’s movement has been constrained within a broad range of 83.35-83.60 against the U.S. dollar for over a month, reflecting a period of consolidation amid global economic uncertainties. OpeningContinue Reading
Rupee likely to find support from expected inflows as US yields rise
Key points: The Indian rupee is anticipated to open slightly higher on Thursday, driven by expected inflows from the inclusion of Indian bonds in a major emerging market index. This inclusion, effective from June 28, is likely to attract passive fund inflows, providing support to the rupee. Picture: Indian rupee trading at 83.562 on theContinue Reading
