FX Market Insight USD/INR Spot reference {78.0450}: Yesterday, USD/INR had a gap up opening at 78.1200 tracking sharp negative sentiment in all asset classes against the Friday’s close of 77.8325. After opening the pair immediately started going up and made an all-time high of 78.2800. We heard RBI presence near all-time high and later…
FX Market Insight Indian Rupee The Indian rupee is expected to fall to record lows versus the dollar today after the U.S. consumer inflation accelerated faster than expected, fueling bets of bigger rate increases by the Federal Reserve. The rupee is likely to open at around 78.15-78.25 compared with 77.83 in the previous session…
World Markets Forex Insights USD/INR Spot reference {76.57}: The rupee pared initial losses to settle 4 paise higher at 76.53 against the US dollar on Thursday, tracking positive domestic equities. the rupee opened at 76.60 against the greenback and moved in a range of 76.43 to 76.71 in the day trade. It finally closed at…
Forex Insights USD/INR Spot reference {76.55}: Yesterday, USD/INR had gap up opening tracking sharp fall in US equity at 76.6700 levels against previous day close of 76.5800.After opening the pair gradually drifted lower on account of IPO’s dollar inflows and exporters covering. In the afternoon session due to sharp fall in EUR/USD we saw…
26 April 2022 Forex Insights USD/INR Spot reference {76.5650}: Yesterday, USD/INR had gap up opening at 76.6100 against Friday close of 76.4825.After opening the pair initially touched 76.5800 during initial trades and from there the pair was on continuous uptrend due to negative sentiment in the equity market. Strong dollar globally and buying interest in fixing…
Forex Insights USD/INR Spot reference{76.5450}: Friday, USD/INR had gap up opening at 76.2900t tracking negative equity sentiment against previous day close of 76.1450.After opening the pair went up to 76.3400 levels where selling emerged and the pair gradually came down to 76.1950 areas. Strong dollar globally, buying in fixing abruptly pushed the pair higher at 76.4875.…
22 April 2022 World Market – Headlines Yen and yuan suffer as Fed eyes faster hikes Asia-Pacific stocks slide as major indexes in the region fall at least 1% each Oil prices on track for near 4% weekly decline on demand concerns Forex Insights USD/INR Spot reference{76.22}: Yesterday, USD/INR had a gap up opening at 76.2800…
21 April 2022 World Market – Headlines As finance ministers gather, the dollar rises after a brief dip amid caution. Shares in Asia-Pacific are neutral as investors keep an eye on Covid in China and the yen’s movements. Oil continues to rise, but in a narrow range, it takes a break. Currency Indian Rupee USD/INR Spot…
19 April 2022 World Market – Headlines Nothing can stop the yen from falling to a new 20-year low. Bond yields rise on growth concerns, sending Wall Street lower. Despite a decline in Libyan supply, oil prices have remained stable, and Shanghai is set to reopen. Currency Indian Rupee USD/INR Spot reference 76.26: The USD/INR gapped…
18 April 2022 World Market – Headlines After Kuroda’s remarks, the Japanese yen briefly rises. The Nikkei 225 index in Japan has dropped over2%, while China’s first-quarter GDP has exceeded estimates. As the Ukraine situation worsens, oil prices climb due to supply concerns. Currency Indian Rupee USD/INR Spot reference 76.30: The USD/INR gapped up on Wednesday,…
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