by Dhara Hariya | 18/09/23 | Forex
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...
by Dhara Hariya | 18/09/23 | Forex
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,...
by Dhara Hariya | 18/09/23 | Forex
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...
by Dhara Hariya | 15/09/23 | Forex
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...
by Dhara Hariya | 15/09/23 | Forex
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,...
by Dhara Hariya | 15/09/23 | Forex
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...
