Sell USDINR; target of : 82.00 : May 10,2023: ICICI Direct
ICICI Direct, The US dollar index gained by 0.27% on Tuesday as traders saw no immediate breakthroughs on US debt ceiling talks.
Rupee falls 27 paise to close at 82.05 against US dollar
At the interbank foreign exchange, the domestic unit opened at 81.84 against the dollar and slipped below the 82 levels to close at 82.05 (provisional), down 27 paise from its previous close.
US dollar struggles, pound hits one-year high
The dollar index, which measures the currency against six rivals, was down 0.1% in late morning trading at 101.21, a better showing than the one-year low of 100.78 reached last month.
Rupee falls 2 paise to close at 81.80 against US dollar
During the day, the rupee touched a high of 81.70 and a low of 81.82 against the American currency.
US dollar gains as inflation data backs Fed rate hike; yen sinks
The US dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to raise interest rates at next week's monetary policy meeting.
Sell EURINR; target of : 90.20 : ICICI Direct
ICICI Direct, The Euro fell by 0.10% yesterday amid a rise in the US dollar. Meanwhile, sharp downside was restricted as the consumer confidence indicator in the Euro Area improved to -17.5 in April 2023, the highest since February 2022 and in line with preliminary estimates.
Dollar weakens on further signs of slowdown, euro rebounds
The dollar index, which measures the currency against six major rivals, fell 0.422% as new orders for key U.S.-manufactured capital goods fell more than expected last month, the Commerce Department said.
Sell GBPINR; target of : 101.85 : ICICI Direct
ICICI Direct, The pound depreciated more than 0.60% on Tuesday amid an uptick in the US dollar and decline in UK 10 years bond yields.
Buy GBPINR; target of : 102.20 : ICICI Direct
ICICI Direct, The pound edged up by 0.35% on Monday trading close to a 10-month high hit earlier this month amid weak US dollar and uptick in UK 10 years bond yields.
India and China need to prepare for ageing populations, UN says
A United Nations report released Monday estimates that between 2023 and 2050 the number of people aged 65 or over is expected to nearly double in China and to more than double in India. That poses “significant challenges to the capacity of healthcare and social insurance systems.”
Euro rises; yen weakens ahead of BOJ meeting
The euro was up 0.3% against the dollar at $1.1023, back above $1.10 for the first time since it hit a 14-month high of $1.10755 earlier this month.
Buy EURINR; target of : 90.35 : ICICI Direct
ICICI Direct, The Euro edged higher by more than 0.20% on Friday amid a drop in the US dollar and uptick in German 10 years bond yields.
US dollar slips as investors price in end of rate-hike cycle
The dollar index, which measures the performance of the U.S. currency against six others, slipped 0.1% on the day to 101.70 and headed for a weekly gain of about 0.2%, its first since late February.
Buy GBPINR; target of : 102.50 : ICICI Direct
ICICI Direct, The pound rose marginally by 0.03% on Thursday amid weakness in the US dollar.
Dollar retreats as weak data backs US recession view
The greenback hit session lows against the yen and euro after data showed higher weekly jobless claims, a precipitous drop in mid-Atlantic business activity, and lower existing home sales.
Buy GBPINR; target of : 101.40 : ICICI Direct
ICICI Direct, The pound appreciated by 0.12% on Wednesday as the inflation rate in Britain eased to 10.1% YoY in March 2023, down from 10.4% in February but more than market expectations of 9.8%.
Buy EURINR; target of : 90.30 : ICICI Direct
ICICI Direct, The Euro edged up more than 0.44% yesterday amid a soft US dollar and rise in German 10 year bond yields.
Dollar slips after upbeat China data; euro, pound rise
Separate data on March activity in China also showed retail sales growth quickened to 10.6%, beating expectations and hitting a near two-year high, while factory output growth also sped up but was just below expectations.
Buy USDINR; target of : 82.25 : ICICI Direct
ICICI Direct, The US dollar edged higher by more than 0.50% on Monday after data showed New York state factory activity in April increased for the first time in five months, reinforcing expectations that the Federal Reserve will raise interest rates in the May meeting.
Army jawan arrested in connection with killing of 4 soldiers at Bathinda military station: Police
Bathinda Senior Superintendent of Police Gulneet Singh Khurana identified the arrested soldier as Desai Mohan, and said, "The motive was personal. He had enmity with them." Four soldiers were killed in their sleep in firing inside the military station in Bathinda on April 12.
Sell EURINR; target of : 89.20 : ICICI Direct
ICICI Direct, The Euro tumbled more than 0.40% yesterday amid an uptick in the US dollar.
LIVE: Will this new cryptocurrency help combat raging inflation? What Stefan Rust Of Nuon Says | Crypto News
As the de-dollarisation drive is catching steam across the world, can this new stablecoin be the answer to the raging inflation? Watch Manisha Gupta in conversation with Stefan Rust, CEO of Nuon & Truflation, to discuss a new kind of cryptocurrency that is pegged to the cost of living rather than the US dollar.
Sell EURINR; target of : 90.20 : ICICI Direct
ICICI Direct, The Euro appreciated by more than 0.50% on Tuesday amid weakness in the US dollar.
Buy EURINR; target of : 89.40 : ICICI Direct
ICICI Direct, The Euro extended its gain on Tuesday amid hawkish comments from the ECB member Muller.
