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.
Sell USDINR; target of : 82.80 : September 13, 2023: ICICI Direct
ICICI Direct, Rupee appreciated a bit on Tuesday to 82.92 ahead of the key economic numbers.
Rupee rises 9 paise to close at 82.94 against US dollar
Forex traders said the Indian rupee appreciated on Tuesday as domestic markets hit fresh record highs after Nifty breached the 20,000-mark for the first time on Monday.
Sell USDINR; target of : 82.90 : September 12, 2023: ICICI Direct
ICICI Direct, Rupee ended the day on a weaker note despite correction in the dollar and strong domestic equities.
Rupee settles almost flat at 83.03 against US dollar
At the interbank foreign exchange market, the local unit opened at 82.93 against the US dollar and moved between the peak of 82.83 and the lowest level of 83.06.
Sell USDINR; target of : 82.90 : September 11, 2023: ICICI Direct
ICICI Direct, Rupee gained on Friday amid likely support from the RBI, but higher crude oil prices and strength in the dollar index restricted it to appreciate below 82.90.
Rupee falls 9 paise to settle at all-time low of 83.13 against US dollar
Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months.
Rupee falls 10 paise to close at all-time low of 83.14 against US dollar
Forex traders said the Indian rupee depreciated on Wednesday as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
Sell EURINR; target of : 89.10 : September 06, 2023: ICICI Direct
ICICI Direct, Euro fell more than 0.5% amid strong dollar and weaker than expected economic numbers from Euro zone.
Rupee weakens to nearly 2-week low driven by dollar outflows
The rupee ended at 83.04 against the U.S. dollar, compared with 82.7475 in the previous session.
Sell USDINR; target of : 82.65 : September 05, 2023: ICICI Direct
ICICI Direct, Rupee edged lower on Monday amid higher crude oil pries. The pair moved in a narrow range during the day as the dollar demand remain subdued due to the Labour day holiday in US.
The Eastern Window: Why so many countries are losing faith in the dollar
Political leaders controlling five different currencies are trying to not just reduce their reliance on the US dollar but also look for alternative trading mechanisms. It may not be easy to shake off the dollar’s dominance both as trading and reserve currency. But determined and strongly motivated efforts are being made to dislodge it
Sell USDINR; target of : 82.50 : August 31, 2023: ICICI Direct
ICICI Direct, Rupee depreciated yesterday amid dollar demand from importers and FII outflows from equity markets.
