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.
Sell USDINR; target of : 82.55 : August 30, 2023: ICICI Direct
ICICI Direct, Rupee depreciated yesterday amid rise in crude oil prices and dollar buying by importers.
Buy GBPINR; target of : 104.60 : August 29, 2023: ICICI Direct
ICICI Direct, Pound is expected to hold support near 1.2570 level and strengthen towards 1.2650 level on soft dollar and improved global market sentiments.
Buy EURINR; target of : 89.60 : August 28, 2023: ICICI Direct
ICICI Direct, Euro ended on negative note amid strong dollar and as German Ifo business climate fell more than expected to 10-month low.
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.
