by Dhara Hariya | Oct 13, 2023 | Forex
The Indian rupee stood firm amidst a weakening trend among Asian currencies, thanks to the intervention of the Reserve Bank of India (RBI). As of 10:25 a.m. IST, the rupee was trading at 83.23, almost unchanged from its previous session’s close at 83.2425. This...
by Dhara Hariya | Oct 11, 2023 | Forex
The Indian rupee is anticipated to start on a higher note this Wednesday as the prospects of the U.S. Federal Reserve refraining from raising interest rates have weakened the demand for the U.S. dollar. Non-deliverable forwards suggest that the USD/INR pair will open...
by Dhara Hariya | Oct 10, 2023 | Forex
The Indian rupee experienced minimal fluctuations on Tuesday, barely changing against the U.S. dollar. This stability can be attributed to a decline in U.S. Treasury yields and concerns surrounding elevated crude oil prices in the wake of the Middle East conflict....
by Dhara Hariya | Oct 9, 2023 | Forex
On Monday, the Indian rupee exhibited limited movement in a cautious trading session, despite escalating geopolitical tensions. Traders, apprehensive of potential dollar-selling interventions by the Reserve Bank of India (RBI) if the local currency approached its...
by Dhara Hariya | Oct 9, 2023 | Forex
The Reserve Bank of India (RBI) maintains its focus on liquidity conditions in monetary policy, with the aim of keeping overnight rates near the marginal standing facility (MSF) rate at 6.75 percent, rather than the repo rate at 6.50 percent. This approach has been...
by Dhara Hariya | Oct 6, 2023 | Forex
India’s foreign exchange reserves, as reported by the Reserve Bank of India (RBI), have decreased for a fourth consecutive week, reaching $586.91 billion as of September 29. This marks the lowest level in over five months, with a decline of $3.8 billion from the...