by Dhara Hariya | Sep 26, 2023 | Forex
The Indian rupee faced a decline on Tuesday, in line with other Asian currencies. Additionally, elevated U.S. Treasury yields added to the pressure on the rupee, bringing it close to crucial support levels. The USDINR pair was trading at 83.2250 against the U.S....
by Dhara Hariya | Sep 26, 2023 | Forex
The Indian rupee is gearing up for what seems like a challenging day ahead. Despite non-deliverable forwards indicating a relatively stable opening, several factors are poised to exert pressure on the currency. USDINR is expected to begin around 83.12-83.13 to the...
by Dhara Hariya | Sep 25, 2023 | Forex
The Indian rupee faced a drop in value on Monday, erasing some of the gains made after JPMorgan included Indian bonds in its index. This decline was attributed to several factors, including increased dollar demand from importers and the ongoing pressure of high U.S....
by Dhara Hariya | Sep 23, 2023 | Forex
Summary: The U.S. dollar is on an impressive winning streak, marking its 10th consecutive weekly gain, the longest since 2014. A significant technical indicator, known as a “golden cross,” where the 50-day moving average surpasses the 200-day moving...
by Dhara Hariya | Sep 22, 2023 | Forex
India’s foreign exchange reserves saw a second consecutive weekly decline, reaching a near four-month low of $593.04 billion as of September 15, according to data from the Reserve Bank of India (RBI). This marked a decrease of $860 million from the previous...