Rupee faces risk of ‘speculative attacks’ on RBI Grip, ANZ says
RBI has absorbed most of about $19 billion of inflows into local stocks and bonds this year, helping it beef up foreign exchange reserves and prevent appreciation in the rupee.
Dollar up as Chair Powell says Fed may need to raise interest rates further
The US dollar index – which measures the currency against six major counterparts – was up 0.32% at 104.41, its highest since June 1.
The dollar is the fortress China struggles to breach
Beijing’s prowess at attracting supply chains over the past three decades, notwithstanding, China doesn't have a currency to back its ambitions — yet. Ironically, the dollar has become more dominant even as the US recedes as a proportion of global GDP, relative to the likes of China and India
Buy USDINR; target of : 82.75 : August 25, 2023: ICICI Direct
ICICI Direct, Rupee appreciated yesterday amid pullback in US treasury yields and softening of crude oil prices.
Sell GBPINR; target of : 104.60 : August 24, 2023: ICICI Direct
ICICI Direct, Euro ended on negative note amid strong dollar and on eurozone economic concerns.
Buy EURINR; target of : 89.90 : August 23, 2023: ICICI Direct
ICICI Direct, Euro ended on negative note amid strong dollar and on eurozone economic concerns.
Buy GBPINR; target of : 106.40 : August 22, 2023: ICICI Direct
ICICI Direct, Pound edged higher aided by weakness in dollar and rise in government bond yields.
Rupee slips 1 paisa to close at record low of 83.10 against dollar on forex outflows
Forex traders said the rupee is likely to trade with a negative bias on risk aversion in global markets and a rising US dollar.
Safe-haven dollar set for fifth winning week on China woes, Fed bets
The yuan weakened against the dollar to 7.3027 in offshore trading, bouncing back from Thursday's nine-month lows
Sell EURINR; target of : 90.20 : August 18, 2023: ICICI Direct
ICICI Direct, Euro ended on negative note amid strong dollar and weak global market sentiments.
Rupee ends at record low against US dollar as risk aversion weighs
US bond yields surged to a 15-year peak, driven by robust economic data that dispelled assumptions of a US Federal Reserve pause or reversal in interest rate hikes.
Sell EURINR; target of : 90.40 : August 17, 2023: ICICI Direct
ICICI Direct, Euro ended on negative note amid strong dollar and weak global market sentiments. Meanwhile, improved economic data from Euro Area cushioned further downside.
Wall Street mixed, dollar dips ahead of Fed minutes
In currency markets, sterling picked up after data showed that Britain’s inflation fell in July but the core measure came in slightly higher than expected. It was last up 0.39% at $1.275.
Pound rises after UK inflation data, yuan hits 9-month low
In Asia, the yuan touched its lowest level since November in both the onshore and offshore markets, falling to as low as 7.2989 per dollar, and hitting a trough of 7.3379, respectively.
Russia's ruble has tumbled: What does it mean for the wartime economy?
Previously, Russia saw a large trade surplus because of high oil prices and plummeting imports after Russia invaded Ukraine. But oil prices have dipped this year, and it’s more cumbersome for Russia to sell its oil due to Western sanctions, including price caps on crude and oil products like diesel.
Wall Street slips, yields jump as US retail spending persists
The steady march of strong spending drove concerns about whether the Fed may be able to end its rate-hiking in its fight against inflation.
Rupee falls 29 paise to close at all-time low of 83.11 against US dollar
The dollar gained after US PPI data was higher than forecast, and safe haven demand on risk aversion in global markets.
Sell EURINR; target of : 90.50 : August 14, 2023: ICICI Direct
ICICI Direct, Euro ended on negative note amid strong dollar and risk off sentiments in global equities.
Sell GBPINR; target of : 105.20 : August 10, 2023: ICICI Direct
ICICI Direct, Pound is expected move south towards 1.2670 level on pessimistic global market sentiments and worries over economic growth in Britain.
Buy GBPINR; target of : 105.90 : August 09, 2023: ICICI Direct
ICICI Direct, Pound slipped yesterday amid firm dollar and slowdown in UK consumer spending.
Sell EURINR; target of : 90.70 : August 08, 2023: ICICI Direct
ICICI Direct, Euro ended on negative note amid strong dollar and as German industrial production fell more than anticipated.
Sell USDINR; target of : 82.45 : August 07, 2023: ICICI Direct
ICICI Direct, Rupee depreciated on Friday amid surge in crude oil prices and wider selloff in Asian currencies.
Sell USDINR; target of : 82.50: August 04, 2023: ICICI Direct
ICICI Direct, Rupee depreciated for 3 rd consecutive session, hitting to its lowest level in 2 ½ months amid strong dollar and risk aversion in the global markets.
Sell EURINR; target of : 90.50: August 03, 2023: ICICI Direct
ICICI Direct, Euro slipped yesterday amid strong dollar and risk aversion in the global markets.
