by Dhara Hariya | 20/09/23 | Forex
The Indian rupee managed to maintain its stability on Wednesday, thanks to intervention by the Reserve Bank of India (RBI) in both the non-deliverable forward (NDF) and over-the-counter (OTC) markets. Despite these efforts, analysts are revising their forecasts for...
by Dhara Hariya | 20/09/23 | Forex
The Euro faced a challenging situation as it attempted to breach the 1.07 mark, ultimately failing to capitalize on its gains due to downward revisions in the Eurozone Consumer Price Index (CPI). In August, Eurozone CPI dipped to 5.2% YoY. Despite this setback,...
by Dhara Hariya | 20/09/23 | Forex
India’s central bank, the Reserve Bank of India (RBI), took action to prevent the rupee from sliding to a historic low, according to reports from four traders interviewed by Reuters. The currency market had been closely monitoring the rupee’s performance,...
by Dhara Hariya | 18/09/23 | Forex
In September, the Indian rupee faced a renewed challenge as it depreciated past the 83.3 per USD mark, reaching a new record low. This decline was driven by several factors, including a strong DXY (U.S. Dollar Index) and mounting pressure from high import prices,...
by Dhara Hariya | 18/09/23 | Forex
The Reserve Bank of India (RBI) was actively engaged in the foreign exchange market in July, as revealed by the central bank’s monthly bulletin. During the month, the RBI purchased a net total of $3.47 billion, underscoring its efforts to manage currency...
