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 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 | 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 21, 2023 | Forex
In early Thursday trading, the Indian rupee displayed a slight weakening trend as exporters engaged in dollar sales, offsetting concerns about the surge in U.S. Treasury yields following a hawkish Federal Reserve policy. Here’s a summarized look at the key...
