Blogs & Updates
Indian Rupee Weakens, Nearing Key Support as Asian Peers Suffer
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....
Indian Rupee Faces Pressure as U.S. Yields Surge: What to Expect
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...
INR Loses Momentum Amid Dollar Demand and High U.S. Yields
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....
U.S. Dollar’s “Golden Cross” Signals Trouble for Stocks
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 average, has just...
India’s Foreign Exchange Reserves Decline to Near Four-Month Low
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 week,...
Rupee Gains 19 Paise Against Dollar on JPMorgan’s Bond Index Inclusion
The Indian rupee showed resilience on Friday, appreciating by 19 paise to reach 82.94 against the US dollar, thanks to the positive impact of India's inclusion in the JPMorgan bond index. This move is expected to have significant implications for India's debt market...
INR Rises as JPMorgan Inclusion Sparks Inflow Expectations
The Indian rupee wrapped up the week on a positive note, gaining strength against the US dollar. This surge was fueled by JPMorgan's announcement of including India's government bonds in its emerging market index, a move anticipated to attract substantial inflows....
Indian Rupee Faces Dollar Strength Amid Fed’s Hawkish Stance
In early Thursday trading, the Indian rupee displayed a slight weakening trend as exporters engaged in dollar sales, offsetting concerns about the surge in U.S. Treasury yields following a hawkish Federal Reserve policy. Here's a summarized look at the key points: The...
Financial Market Update: Stocks, Rupee, Bonds, and More
In a recent turn of events, the Indian financial market has witnessed significant fluctuations across various sectors. Here's a brief overview of the key highlights: 1. Stocks: SENSEX and NIFTY Face Declines The benchmark BSE Sensex saw a drop of 455.17 points,...
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