by Dhara Hariya | 13/10/23 | 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 | 11/10/23 | 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 | 23/09/23 | Forex
Summary: The U.S. dollar is on an impressive winning streak, marking its 10th consecutive weekly gain, the longest since 2014. A significant technical indicator, known as a “golden cross,” where the 50-day moving average surpasses the 200-day moving...
by Dhara Hariya | 20/09/23 | Forex
This week marks a significant juncture for the world’s most influential central banks, with four of them poised to announce monetary policy decisions. Here’s a quick overview of what to expect: Federal Reserve: The Fed is first in line, with an...
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,...
