Blogs & Updates
INR Holds Steady Amid Asian Weakness, Thanks to RBI Support
Rupee's Resilience: Despite a backdrop of weakening Asian currencies, the Indian rupee remained relatively stable on Wednesday. It closed at 83.22 against the U.S. dollar, just a slight deviation from the previous session's closing rate of 83.23. This resilience was...
India’s Central Bank Takes Action to Defend Rupee: Sells Dollars at Key Levels
In a bid to safeguard the Indian rupee from plummeting to record lows, India's central bank recently engaged in a strategic move. It sold U.S. dollars in the offshore non-deliverable forwards (NDF) market at approximately 83.24-83.25 rupee levels. This move came just...
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....
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