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Source: Live Mint New Delhi, June 18 (ANI) [India]: The Indian rupee is expected to trade in the range of 85.25 to 86.25 against the US dollar in the near term, according to a report by Bank of Baroda. The report also warned that there are risks to the rupee’s stability due to rising geopolitical…
Source: Live Mint MUMBAI (Reuters) -The Indian rupee is expected to slip past 86 to the U.S. dollar at the open on Friday, hit by surging oil prices and sliding risk assets after Israel attacked targets in Iran. The 1-month non-deliverable forward indicated a open in the 86.02 to 86.10 range, versus 85.60 in the…
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 MUMBAI (Reuters) -The Indian rupee is expected to open nearly unchanged on Tuesday but traders reckon that the currency will trade with an upward bias in the near term as concerns about U.S. trade and fiscal policies continue to cast a shadow on the greenback. The 1-month non-deliverable forward indicated an open…
Source: Live Mint By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -Traders will gauge likelihood of the Indian rupee extending its rally this week as reignited worries about U.S. trade tariffs, alongside lingering fiscal concerns hurt the dollar, while bond yields may move up after the central bank’s surplus transfer. The rupee closed at 85.2125…
Source: Live Mint MUMBAI (Reuters) -The Indian rupee is likely to open higher on Thursday, supported by the strength in Asian peers, with investors shying away from the dollar due to U.S. fiscal concerns. The 1-month non-deliverable forward indicated a open in the 85.55 to 85.58 range, versus 85.6375 in the previous session. The offshore…
Source: Live Mint Mumbai: The Indian rupee fell nearly 1% on Thursday amid rising tensions between India and Pakistan. The domestic currency opened at 84.61 and moved between an intra-day high of 84.52 and a low of 85.77 against the dollar. It closed 89 paise lower at 85.72 after ending at 84.83 against the dollar…
Source: Live Mint The Indian rupee braved multiple headwinds in April including U.S. trade policy flip-flops and India-Pakistan tensions to come out stronger on the back of inflows into equities and as exporters ramped up dollar sales. On the last trading day of the month, the local unit touched its year-to-date high and closed at…
Source: Live Mint Negative market breadth Indian equities also recorded their weakest market breadth in over a year on Monday, with the advance-decline ratio dropping to a concerning low of 0.62. This marks the worst monthly reading since at least April 2024, highlighting a broad-based weakness beneath the surface of benchmark indices. The advance-decline ratio,…
Source: Live Mint The Indian rupee closed lower to halt a nine-day winning run on Tuesday as importers stepped in to hedge liabilities at favourable levels, dollar inflows moderated and the local currency’s regional peers slipped. The rupee ended at 85.7550 against the U.S. dollar, down 0.14% on the day. It had risen to a…
