for IT companies, whose shares were the best performers last year due to the weaker Indian currency and improvement in the economy of their biggest market — the US. A weaker rupee against the dollar benefits IT companies that bill clients in the US currency. Though the rupee has strengthened to around 60 from its
8.41 PM Apr 23rd
Source:Economic Times - Rupee was trading at 61.06/07 versus its previous close of 60.76/77 as dollar demand from oil importers and weakness in other regional currencies aided sentiment for the greenback. The pair rose sliped as low as 61.0825, its weakest level since March 21, before a further
7.58 PM Apr 23rd
Source:Economic Times - NEW DELHI: After having appreciated substantially over the past few months, the Indian currency seems to have lost momentum. The rupee has weakened to below the key 61 per dollar mark to hit a one-month low, tracking losses in regional currencies. Will rupee continue
7.58 PM Apr 23rd
Source:Economic Times - In an interview with ET Now, NS Venkatesh, Head-Treasury, IDBI Bank, shares his outlook on treasury. Excerpts: ET Now: What is your view on the currency, given that we are back to 61 levels? NS Venkatesh: On the currency front, I believe there has been some loss in momentum
7.55 PM Apr 23rd
Source:NDTV Profit - Mumbai: The rupee weakened for a third consecutive session on Wednesday, falling below the 61 to the dollar mark for the first time in more than a month, hurt by good demand for the greenback from importers and by continued weakness in Asian currencies.
7.24 PM Apr 23rd
that domestic inflation slowed in the first quarter. Meanwhile, NZD/USD edged down 0.19% to 0.8589 and USD/CAD inched up 0.01% to 1.1028. The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.22% to 79.81.
6.45 PM Apr 23rd
The weaker Chinese yuan also made it more expensive for buyers to buy gold. The yuan fell to 16-month lows against the dollar on Wednesday, as China’s central bank continued measures aimed at deterring speculators betting on a rising currency. Elsewhere, in metals trading, silver for May delivery
6.33 PM Apr 23rd
For now, the odds appear to favour the bulls in the equity market at least till the Union Budget in July. But in the currency market, it is the rupee bears who are likely to do better for the rest of this calendar, feels brokerage house CLSA. The rupee today fell to a 5-week low. “The central bank
6.20 PM Apr 23rd
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