by Dhara Hariya | Oct 13, 2023 | Currency, 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 10, 2023 | Forex
The Indian rupee experienced minimal fluctuations on Tuesday, barely changing against the U.S. dollar. This stability can be attributed to a decline in U.S. Treasury yields and concerns surrounding elevated crude oil prices in the wake of the Middle East conflict....
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 27, 2023 | Forex
Rupee’s Resilience: Despite a backdrop of weakening Asian currencies, the Indian rupee remained relatively stable on Wednesday. It closed at 83.22 against the U.S. dollar, just a slight deviation from the previous session’s closing rate of 83.23. This...