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 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 23, 2023 | 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 | Sep 18, 2023 | 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,...