The world’s largest cryptocurrency has gained 150% this year, fueled in part by optimism that a U.S. regulator will soon approve exchange-traded spot bitcoin funds (ETFs).
Companies in sectors like IT, pharma, chemicals, oil marketing and textiles generally gain when the rupee falls. This time, the story is different. Analysts explain why.
ICICI Direct, Rupee appreciated on Friday amid soft dollar and rise in risk appetite in the domestic markets.
The government’s fiscal deficit at the end of October touched 45 per cent of the full-year budget estimate, as per the data released by the Controller General of Accounts (CGA).
ICICI Direct, Rupee closed at record low amid recovery in US dollar and rise in crude oil prices.
Foreign institutional investors were net buyers in the capital market on Wednesday as they purchased shares worth Rs 71.91 crore, according to exchange data.
Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said Indian rupee appreciated on positive domestic markets and foreign institutional investors inflows over the past three consecutive sessions.
The dollar index touched its lowest since mid-August, making bullion less expensive for overseas buyers.
ICICI Direct, Rupee ended at record closing on Friday tracking weakness in other Asian currencies.
The rupee ended at 83.3675 against the US dollar, lower by 0.03% compared with its close at 83.3425 in the previous session.
ICICI Direct, Pound is likely to move further north towards 1 .2600 level amid soft dollar and surge in UK bond yields.
The weakness in the dollar has buoyed the yen, along with expectations the Bank of Japan may shift away from its ultra-loose monetary policy next year.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday as they sold shares worth Rs 306.56 crore, according to exchange data.
ICICI Direct, Pound is likely to move north towards 1.2600 level amid soft dollar and hawkish comments from BOE officials.
On Tuesday, the rupee recovered from its all-time low to settle 10 paise higher at 83.28 against the US dollar.
ICICI Direct, Pound is likely to move north towards 1.2600 level amid soft dollar and hawkish comments from BOE officials.
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.
The rupee has been unable to gain from these favourable cues in the face of persistent dollar demand from local importers, traders said.
If Beijing returns to promoting export-led growth, tension over exchange rates may return
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.
ICICI Direct, The Euro rallied to its 2-month highs on Tuesday amid correction in the dollar.
Rise in Asian currencies follows soft US inflation, hinting at a possible end to the Federal Reserve's rate-hike cycle
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.
ICICI Direct, Pound erased all its gains and ended with a loss of 0.50% amid rebound in the dollar.
ICICI Direct, The Euro recovered from early losses on Wednesday after the hawkish comments from the ECB members.
