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Source: Live Mint MUMBAI -The Indian rupee is expected to open lower on Wednesday, tracking declines in most other Asian currencies and equities amid renewed worries over U.S. President Donald Trump’s tariffs. The 1-month non-deliverable forward indicated a open in the 85.62-85.64 range, versus 85.52 on Tuesday. The rupee has been largely range bound in…
Source: Live Mint MUMBAI, June 30 (Reuters) – The Indian rupee was little changed on Monday, with traders focusing on a key resistance level the currency would need to strengthen above to maintain its upward bias, while a broadly weaker dollar boosted other regional peers. The rupee was at 85.52 per U.S. dollar, as of…
Source: Live Mint MUMBAI, June 12 (Reuters) – The Indian rupee weakened slightly on Thursday, pressured by corporate dollar demand and likely portfolio outflows even as broad-based dollar weakness boosted its regional peers. The rupee closed at 85.60 against the U.S. dollar, down 0.1% from its close at 85.51 in the previous session. Asian currencies…
Source: Live Mint (Bloomberg) — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Markets across much of emerging Asia traded in a narrow range ahead of US payrolls data, with the exception of Indian bonds that swung wildly after a bigger-than-expected interest-rate cut….
Source: Live Mint New Delhi [India], May 24 (ANI): Asian currencies are likely to appreciate against the US dollar in the long term, according to a recent report by Jefferies. The report highlighted that the gross national savings in emerging Asian countries are significantly higher than those in developed G7 nations, giving Asian economies a…
Source: Live Mint Global equity landscape is undergoing a paradigm shift, with Jefferies’ Christopher Wood anticipating a long-term decline in US market dominance, weakening of the dollar, and a reallocation toward Asian assets and defence plays. In his latest GREED & fear report titled “The End of an Era”, Christopher Wood, Global Head of Equity…
Source: Live Mint MUMBAI (Reuters) – The Indian rupee will likely inch up at the open on Wednesday, tracking an uptick in most of its Asian peers, following which it is expected to have to contend with demand for the U.S. dollar from importers and speculators. The 1-month non-deliverable forward indicated that the rupee will…
Source: Live Mint MUMBAI – The Indian rupee was slightly stronger on Monday as most regional currencies rose, while very-near-tenor dollar-rupee swap rates surged to unusually high levels amid panic bids, according to traders. The rupee was at 85.4750 against the U.S. dollar as of 11 a.m. IST, up from its close of 85.5325 in…
Source: Business Standard 2 min read Last Updated : Sep 13 2024 | 4:50 PM IST The Indian rupee strengthened on Friday as Asian currencies benefited from the weakness in the U.S. dollar as the odds of a outsized Federal Reserve rate cut next week rose after media reports said the decision is likely…
Source: Business Standard 1 min read Last Updated : Sep 06 2024 | 11:58 AM IST India’s rupee became the second worst Asian currency in August, after Bangladesh’s Taka. While most Asian currencies gained against the dollar, both Rupee and Taka weakened. The Indian unit was down 0.17 per cent in August and 0.13…
