Nov 17, 2019 07:54 AM IST
We are in a situation where only the government can take large measures to revive the growth and therefore, the policymakers may have to take further steps to boost the economy
- Nov 15, 2019 05:53 PM IST
At the interbank foreign exchange market, the rupee opened at 71.80 against the US dollar. It fluctuated between a high of 71.68 and a low of 71.87 in day trade. On Thursday, the rupee had closed at 71.96 against the American currency.
- Nov 14, 2019 06:23 PM IST
A day after plunging below the psychological 72-level in over two months, the domestic currency opened on a positive note. As forex market participants weighed a range of macroeconomic factors posing challenges, the Indian currency turned volatile traded in the range of 71.85 to 72.24 to the US dollar.
- Nov 11, 2019 06:10 PM IST
Investors also played their bets cautiously in view of India's rating outlook cut by Moody's investors Services last week.
- Nov 08, 2019 05:59 PM IST
At the interbank foreign exchange, the Indian currency opened lower at 71.26 and fell further to 71.33 to the US dollar. It finally settled at 71.28 a dollar, a dip of 31 paise over its previous close.
- Oct 28, 2019 06:01 PM IST
"Geo-political uncertainties emerging from the Middle East may continue to underpin gold prices going ahead to USD 1,650 an ounce in Comex markets and Rs 42,000 in MCX," Commtrendz Research co-founder and CEO Gnansekar Thiagarajan told PTI here.
- Oct 11, 2019 07:30 PM IST
During the reporting month, the Central bank had purchased $615 million and sold $4.687 billion in the spot market.
- Oct 10, 2019 06:25 PM IST
Markets were bombarded from all sides: denials and counter-denials on the state of US-China trade talks and the Brexit countdown, a Turkish military push into Syria and a blizzard of weak data stretching from Japan to France.
- Oct 09, 2019 10:01 PM IST
Against the yen, which tends to strengthen during times of geopolitical stress due to Japan's standing as the world's biggest creditor, the greenback was 0.29% higher at 107.38 yen.
- Oct 03, 2019 05:58 PM IST
Investors are now waiting for the ISM services report later in the day and Friday's employment report to confirm or quell recession worries.
- Sep 11, 2019 11:09 AM IST
The Dollar index has appreciated sharply in the past few months due to further escalation in the US-China trade war. Brexit drama is also adding to the turmoil.
- Aug 27, 2019 11:59 AM IST
The level of 72.90 is a crucial resistance for the USD/INR pair, break of which could push it to a new all-time high.
- Aug 08, 2019 11:57 AM IST
The RBI has shown a willingness to ease rates and so we expect another cut in August, an encouraging facet for the outlook of the Indian economy.
- Aug 06, 2019 11:47 AM IST
The Yuan has broken a key psychological level and unless the PBoC chooses the stability of capital markets over the pain in the real economy as a result of tariffs, moves lower in USD/CNH are likely to be short-lived.
- Aug 01, 2019 10:58 PM IST
After the Fed lowered its benchmark rate by 25 basis points, Chairman Jerome Powell said that the central bank's first rate cut in over a decade was "not the beginning of a long series of rate cuts."
- Jul 29, 2019 01:22 PM IST
The dollar clung to a two-month high against a basket of currencies in Asia after better-than-expected US GDP data last week enhanced its yield attraction against rival currencies.
- Jul 19, 2019 10:20 AM IST
Forex traders said rupee along with most Asian currencies were trading in the positive territory following dovish comments from both New York Fed President John Williams and Vice Chair Richard Clarida.
- Jul 17, 2019 10:18 PM IST
The IMF has been at odds with US President Donald Trump over his use of tariffs to resolve trade imbalances, but its assessment that the dollar is overvalued is likely to give Trump more fodder for his frequent complaints that dollar strength is hampering US exports.
- Jul 17, 2019 10:52 AM IST
At the Interbank Foreign Exchange, the rupee opened at 68.69 then fell to 68.80 against the US dollar, showing a decline of 9 paise over its previous closing.
- Jul 09, 2019 10:45 AM IST
A strengthening dollar against major currencies overseas and weak domestic equity market weighed on the local unit, forex traders said.
- Jun 03, 2019 09:14 AM IST
The Indian rupee opened higher by 17 paise on falling crude oil prices.
- May 23, 2019 04:10 PM IST
Polls for the European Parliament opened in the Netherlands and the UK, with 26 other members of the European Union to follow before it ends on May 26 night.
- May 19, 2019 08:56 AM IST
As of now the only concern for our domestic currency is boiling crude oil prices and current account deficit (CAD). But in recent scenario the main focus will be on election results.
- Apr 25, 2019 09:12 AM IST
In the near term the rupee might depreciate till 70.50 in the spot, according to Rushabh Maru of Anand Rathi.
- Apr 04, 2019 07:32 AM IST
Gold prices inched up on Thursday as the dollar eased and a rally in equities paused, while investors kept a close watch on Sino-U.S. trade talks.