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...
by Dhara Hariya | Sep 22, 2023 | Forex
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...
by Dhara Hariya | Sep 22, 2023 | Forex
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...