Blogs & Updates
EURINR Currency Report: Euro Struggles Amid CPI Revisions
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,...
Reserve Bank of India’s Dollar Intervention Safeguards Rupee from Record Low
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, with...
Indian Rupee Hits Fresh Record Low as Pressure Mounts
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,...
RBI’s Forex Activity and Rupee’s Performance in July
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 dynamics. In...
Indian Rupee Hits Record Low Amidst Rising Oil Prices and RBI Support
The Indian rupee faced fresh challenges as it closed at a new record low on Monday, despite support from the Reserve Bank of India (RBI), driven by escalating crude oil prices that heightened demand for the U.S. dollar. Closing at 83.2675 against the U.S. dollar,...
Bank of Japan’s Shift in Policy: Impact on Yen and Inflation
The Bank of Japan's (BoJ) repeated interventions to bolster the yen have proven ineffective, prompting a need for more substantial policy changes. This could entail lifting interest rates from negative territory, abandoning yield curve control, and discontinuing bond...
India’s Forex Reserves Dip to 11-Week Low
India's foreign exchange reserves, as reported by the Reserve Bank of India (RBI), saw a decline to an 11-week low of $593.90 billion as of September 8. This marked a $5 billion decrease from the previous week, following a $4 billion increase in reserves recorded the...
Indian Rupee’s Mixed Trading Day: Balancing Act Amidst Dollar Strength and Bullish Equities
The Indian rupee had a mixed trading session against the US dollar on Friday. While positive domestic equities provided some support, it faced headwinds from higher crude oil prices and a stronger US dollar. The US inflation report, which exceeded expectations,...
Rupee Weakens as Oil Prices and Dollar Surge: RBI May Intervene
The Indian rupee is expected to open weaker on Friday due to the recent surge in oil prices and the strengthening of the US dollar index. Non-deliverable forwards (NDFs) suggest that the USD/INR pair will likely open at around 83.06-83.08, compared to the previous...
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