by Dhara Hariya | Sep 27, 2023 | Forex
Stocks: The Indian stock market displayed signs of resilience as the benchmark BSE Sensex rose by 173.22 points, equivalent to a 0.26% gain, reaching 66,118.69. Simultaneously, the broader NSE index, Nifty, gained 51.75 points, or 0.26%, closing at 19,716.45. These...
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...
by Dhara Hariya | Sep 26, 2023 | Forex
The Indian rupee faced a decline on Tuesday, in line with other Asian currencies. Additionally, elevated U.S. Treasury yields added to the pressure on the rupee, bringing it close to crucial support levels. The USDINR pair was trading at 83.2250 against the U.S....
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 22, 2023 | Forex
The Indian rupee wrapped up the week on a positive note, gaining strength against the US dollar. This surge was fueled by JPMorgan’s announcement of including India’s government bonds in its emerging market index, a move anticipated to attract substantial...
