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 20, 2023 | 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 | Sep 15, 2023 | 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 | Sep 15, 2023 | 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...
by Dhara Hariya | Sep 13, 2023 | Forex
In a brief overview of the financial landscape: The Indian rupee remained stable as traders adjusted positions in anticipation of U.S. inflation data, which will impact the Federal Reserve’s rate hike decisions. The rupee was trading at 82.9275 against the U.S....