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 | 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 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 saw a positive turn on Wednesday, thanks to likely dollar sales by the Reserve Bank of India (RBI) and a decline in crude oil prices, which helped prevent the currency from reaching a record low. Closing at 83.0725 against the U.S. dollar, the rupee...
by Dhara Hariya | Sep 20, 2023 | Forex
The U.S. Federal Reserve is poised to maintain its current interest rate range of 5.25% to 5.50%, according to analysts at DZ Bank Research. However, they suggest that despite this anticipated decision, the central bank is likely to signal a forthcoming rate increase....