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In an exclusive interview with CNBC-TV18, Bhanu Baweja, Head of Research and EM Strategy, UBS, speaks about the currency market and his outlook for the Indian rupee going forward.
Gold is trading at record highs, not just in the dollar terms but also in Indian rupee terms and also in Euro and in Pound Sterling as well. It has immediate target of Rs 18,300 per 10 grams, reports
the rupee is likely to be stronger today on positive Asian equity markets which could push domestic markets higher, says Manis Thanawala of Greenback Forex Services.
In the course of the last few months, the dollar has consistently fallen against most global currencies against the rupee. The dollar is down 4% year to date and 6% in the last six months.
Rupee ended down 0.30% against the US dollar on month-end dollar demand from importers and noting fall in local share indices. But, dollar's fall versus euro limited the fall. The Indian rupee ended
Rupee ended higher after erasing some gains as local shares ended off highs. Dollar demand from large engineering company and other importers also dragged rupee off highs. But, Euro's rise versus
The Indian rupee ended lower as banks covered short dollar positions as euro slid versus greenback. Some importers also bought the greenback. But, lower rates in NDF gave rise to arbitrage
The Indian rupee ended off lows as shares ended firm. Banks also sold the greenback as euro rises versus dollar. But, dollar demand from importers kept some pressure on rupee. The spot rupee ended
The wall of liquidity that has been inundating the Indian financial market over the last few weeks has made the rupee appreciate not only against the dollar but against other currency majors
The Indian rupee ended higher erasing most of the early gains as banks covered short dollar positions. Banks also bought the greenback as euro was off its highs. The spot rupee ended higher at Rs 48
The Indian rupee ended off its lows as shares ended firm. Dollar's fall against the euro and the pound sterling also aided rupee to come off lows. The spot rupee ended slightly lower at Rs 48.50 per
The Indian rupee ended higher as banks sold dollars noting firm shares. Dollar's fall against euro and pound sterling also aided. But, dollar demand from oil companies and other importers may have
According to Subramaniam Sharma, Greenback Forex Services, the rupee is likely to see some strength on the back of gains in global equities and euro and pound. The range for the day is seen between
It is bad time for rupee on weak stock market and strong dollar (against Euro), shift of near term range into 49.00-49.50 is certain, says IndusInd Bank's report.
The rupee has never had a symbol and this is the reason why the Indian government has decided to invite designs from the Indian public and judge by the number of entries received.
According to Subramaniam Sharma, Greenback Forex, the rupee is likely to be firm on account of the strong rally in global equities and strength in euro and pound. Importer demand is expected around
The Indian rupee closed higher as banks sold dollars noting its weakness against euro and sterling. Some banks also sold dollars for exporters and as shares rose over 1%. But, importers' dollar buys
The Indian rupee closed at 1-month low as banks persistently bought dollars for FIIs noting 4% fall in local shares and importers. Dollar's rise against pound sterling and euro also added to fall
The Indian rupee ended at a 7-week high on FII inflows as shares ended up. Banks also sold dollars noting its weakness versus euro and pound sterling. But, importers' demand limited the rise
Indian rupee ended lower as banks bought dollars for importers. Banks also bought dollars noting its rise versus euro. But, rupee fall was limited as banks sold dollars noting rise in shares.