Buy GBPINR; target of : 105.40 : December 19, 2023: ICICI Direct
ICICI Direct, Pound is likely to rise towards 1.2710 level amid weak dollar.
Dollar eases against euro as Fed rate cut outlook weighs
In any case, since hitting a multi-decade low against the dollar near 152 in November, the yen has gained around 6% in value as traders have grown increasingly convinced the BOJ’s low-rates drag on the currency will not last much longer.
Sell EURINR; target of : 90.30 : December 18, 2023: ICICI Direct
ICICI Direct, Euro slipped by 0.89% on Friday amid strong dollar and weaker than expected economic data from Euro Zone.
Dollar hits four-month low as Fed signals 2024 rate cuts, NOK stronger after rate hike
The kiwi rose over 1% versus the greenback to as high as $0.6249, despite data showing the New Zealand economy unexpectedly contracted in the third quarter.
Buy USDINR; target of : 83.20 : December 14, 2023: ICICI Direct
ICICI Direct, Rupee depreciated yesterday amid firm dollar ahead of US Federal Reserve monetary policy.
Rupee falls 4 paise to close at all-time low of 83.41 against US dollar
At the interbank foreign exchange market, the local unit opened at 83.39 against the greenback and traded in a tight range of 83.38-83.41.
Buy GBPINR; target of : 105.10 : December 12, 2023: ICICI Direct
ICICI Direct, Pound is likely to rise towards 1.2600 level amid soft dollar and rise in risk appetite in the global markets.
Rupee settles almost flat at 83.39 against US dollar
Forex traders said the bullish equity market and sustained inflow of foreign funds failed to boost investor sentiment.
Sell EURINR; target of : 89.60 : December 11, 2023: ICICI Direct
ICICI Direct, Euro edged lower by 0.32% on Friday amid strong dollar. Meanwhile, sharp downside was cushioned on optimistic domestic market sentiments.
Buy GBPINR; target of : 105.20 : December 08, 2023: ICICI Direct
ICICI Direct, Pound is likely to move back towards 1.2650 level on weakness in dollar.
Rupee falls 4 paise to close at 83.36 against US dollar
Forex traders said the rupee traded in a narrow range as the support from easing crude oil prices was negated by strong dollar demand from importers.
Sell EURINR; target of : 89.60 : December 07, 2023: ICICI Direct
ICICI Direct, Euro slipped by 0.30% yesterday on the back of firm dollar and risk aversion in the domestic markets.
Dollar touches 2-week high, euro weaker as market bets on rate cuts
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).
Rupee hits record low, but why are exporters not celebrating?
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.
Sell USDINR; target of : 83.20 : December 04, 2023: ICICI Direct
ICICI Direct, Rupee appreciated on Friday amid soft dollar and rise in risk appetite in the domestic markets.
Rupee rises 7 paise to settle at 83.30 against US dollar
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).
Sell USDINR; target of : 83.25 : December 01, 2023: ICICI Direct
ICICI Direct, Rupee closed at record low amid recovery in US dollar and rise in crude oil prices.
Rupee falls 7 paise to settle at 83.39 against US dollar
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.
Rupee rises 2 paise to settle at 83.32 against US dollar
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.
Gold scales a 6-month high; near-term outlook bullish
The dollar index touched its lowest since mid-August, making bullion less expensive for overseas buyers.
Sell USDINR; target of : 83.35 : November 28, 2023: ICICI Direct
ICICI Direct, Rupee ended at record closing on Friday tracking weakness in other Asian currencies.
Rupee declines to record closing low, tad down on week
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.
Buy GBPINR; target of : 104.70 : November 24, 2023: ICICI Direct
ICICI Direct, Pound is likely to move further north towards 1 .2600 level amid soft dollar and surge in UK bond yields.
Euro profits from better euro zone data; U.S. market shut
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.
Rupee edges 2 paise lower to close at 83.34 on FII outflows
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.
