by Dhara Hariya | 20/09/23 | Forex
The Indian rupee saw a positive turn on Wednesday, thanks to likely dollar sales by the Reserve Bank of India (RBI) and a decline in crude oil prices, which helped prevent the currency from reaching a record low. Closing at 83.0725 against the U.S. dollar, the rupee...
by Dhara Hariya | 20/09/23 | Forex
The U.S. Federal Reserve is poised to maintain its current interest rate range of 5.25% to 5.50%, according to analysts at DZ Bank Research. However, they suggest that despite this anticipated decision, the central bank is likely to signal a forthcoming rate increase....
by Dhara Hariya | 20/09/23 | Forex
The Indian rupee managed to maintain its stability on Wednesday, thanks to intervention by the Reserve Bank of India (RBI) in both the non-deliverable forward (NDF) and over-the-counter (OTC) markets. Despite these efforts, analysts are revising their forecasts for...
by Dhara Hariya | 20/09/23 | Forex
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,...
by Dhara Hariya | 20/09/23 | Forex
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,...
by Dhara Hariya | 18/09/23 | Forex
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,...
