Buy GBPINR; target of : 104.80 : November 22, 2023: ICICI Direct
ICICI Direct, Pound is likely to move north towards 1.2600 level amid soft dollar and hawkish comments from BOE officials.
Rupee settles 4 paise higher at 83.34 against US dollar
According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Monday, as they offloaded shares worth Rs 645.72 crore.
India rupee closes slightly lower, little changed on week
The rupee has been unable to gain from these favourable cues in the face of persistent dollar demand from local importers, traders said.
The US-China currency wars are in an unstable lull
If Beijing returns to promoting export-led growth, tension over exchange rates may return
Rupee jumps 21 paise to settle at 83.12 against US dollar
On Monday, the rupee declined by 5 paise to settle at its all-time low of 83.33 against the American currency. The forex markets were closed on Tuesday on account of Diwali-Balipratipada.
Buy EURINR; target of : 90.50 : November 15, 2023: ICICI Direct
ICICI Direct, The Euro rallied to its 2-month highs on Tuesday amid correction in the dollar.
Rupee strengthens most in two months as US CPI softens
Rise in Asian currencies follows soft US inflation, hinting at a possible end to the Federal Reserve's rate-hike cycle
Buy EURINR; target of : 89.40 : November 13, 2023: ICICI Direct
ICICI Direct, The Euro edged higher on Friday amid strength in the German bund yields. But the upside in the pair was limited by the dovish comments from the ECB President Lagarde after she suggests pause in the rates.
Sell GBPINR; target of : 101.60 : November 10, 2023: ICICI Direct
ICICI Direct, Pound erased all its gains and ended with a loss of 0.50% amid rebound in the dollar.
Sell EURINR; target of : 89.40 : November 09, 2023: ICICI Direct
ICICI Direct, The Euro recovered from early losses on Wednesday after the hawkish comments from the ECB members.
Sell EURINR; target of : 89.10 : November 07, 2023: ICICI Direct
ICICI Direct, The Euro edged lower on Monday amid recovery in the dollar index. Earlier the pair rallied amid better than expected Eurozone economic numbers.
Rupee falls 2 paise to close at 83.22 against US dollar
Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside.
Sell USDINR; target of : 83.05 : November 06, 2023: ICICI Direct
ICICI Direct, Rupee moved in a tight range on Friday despite softness in the dollar and fall in US treasury yields.
Sell GBPINR; target of : 101.00 : November 01, 2023: ICICI Direct
ICICI Direct, Pound is expected to dive towards 1 .2080 level amid firm dollar and weak global market sentiments.
India rupee ends flat but notches fourth monthly decline on the trot
While the rupee hardly budged on Tuesday, worries over a shortage of dollars drove the USD/INR overnight swap rate and forward premiums lower.
Sell GBPINR; target of : 100.90 : October 31, 2023: ICICI Direct
ICICI Direct, Pound is expected to dive towards 1.2080 level amid pessimistic global market sentiments and ahead of an interest rate decision by the BOE, where expectations are for the central bank to stand pat.
Dollar rises after blockbuster US data lures in bulls
The U.S. economy grew at its fastest pace in nearly two years in the third quarter, data on Thursday showed, as higher wages from a tight labour market helped power consumer spending.
Dollar strength may prompt more Asia rate hikes to boost currencies
Central banks in Asia are entertaining muscular tactics to shore up faltering currencies. Letting currencies weaken too much can jeopardise financial stability and fuel inflation. Indonesia got the message. Now other countries like Malaysia and South Korea may follow suit
Rupee falls 6 paise to end at 83.23 against US dollar
Forex markets were closed on Tuesday on account of Dussehra. Analysts attributed the strengthening dollar to a record rise in the US Treasury yields after positive data on home sales in the US on Wednesday.
Sell EURINR; target of : 87.50 : October 26, 2023: ICICI Direct
ICICI Direct, Euro edged lower yesterday amid strong dollar and weak global market sentiments.
Dollar rock solid as benchmark Treasury yield passes 5%, yen in focus
Investors are waiting for several events this week, including a European Central Bank meeting, and the release of U.S. GDP data and the Federal Reserve's preferred inflation gauge.
Rupee falls 6 paise to 83.18 against dollar amid strengthening US bond yields
Easing crude oil prices and a flat greenback in the overseas markets helped cap the rupee's fall, forex dealers said.
Dollar dips as 10-year yields back away from highs
Concerns over the conflict between Hamas and Israel is also a factor that may increase safe haven demand for the U.S. currency.
CBDC to be the future currency of the world: RBI governor
RBI Governor Shaktikanta Das remains bullish on India's growth in the digital sector. Speaking with IMF's Asia & Pacific Director Krishna Srinivasan, the RBI chief discussed the frontier issues of central banking in the context of the post-pandemic recovery.
