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.
Rupee to see little respite on Fed's higher-for-longer bets
Non-deliverable forwards indicate rupee will open at around 83.25 to the U.S. dollar, just short of its record low of 83.29, and nearly unchanged from the previous session.
Dollar holds on to gains after firm US inflation; focus turns to China data
U.S. consumer prices were pushed higher by a jump in rental costs in September, data showed on Thursday.
King Charles III's image to appear on Australian coins this year
The $5 bill had been Australia's only remaining bank note to still feature an image of the monarch.
Sell GBPINR; target of : 101.20 : September 27, 2023: ICICI Direct
ICICI Direct, The pound lost more than 0 .40 % yesterday amid strong dollar and sluggish growth outlook in UK.
Sell GBPINR; target of : 101.40 : September 26, 2023: ICICI Direct
ICICI Direct, The pound hit fresh six month lows on Monday amid strong dollar and sluggish growth outlook in UK.
Yen falls to fresh 11-month low against dollar, focus on intervention risks
The Japanese currency remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year.
Rupee falls 20 paise to close at 83.14 against US dollar
Subdued equity markets and withdrawal of foreign funds also weighed on the domestic currency, forex traders said.
Sell GBPINR; target of : 101.50 : September 25, 2023: ICICI Direct
ICICI Direct, The pound hit the lowest level in last six months amid firm dollar and weaker set of economic numbers.
Sell GBPINR; target of : 101.50 : September 22, 2023: ICICI Direct
ICICI Direct, The pound remained under pressure after the BOE paused its rate hike regime as the British economy slowed in last quarter.
Buy USDINR; target of : 83.35 : September 21, 2023: ICICI Direct
ICICI Direct, Rupee appreciated back towards 83.10 on Wednesday amid easing crude oil prices and likely dollar sell by the RBI.
Buy EURINR; target of : 89.40 : September 20, 2023: ICICI Direct
ICICI Direct, Euro tried to go beyond the 1 .07 mark but failed to capitalise its gains after the downward revisions in the Eurozone CPI.
Sell USDINR; target of : 82.80 : September 14, 2023: ICICI Direct
ICICI Direct, Rupee depreciated on Wednesday amid stronger dollar and higher crude oil prices. The dollar index gained yesterday after the August US CPI numbers rose to 3.7% YoY against 3.2% YoY in July.
