ECONOMISTS EXPECT RUPEE TO TRADE WITHIN A 77 RANGE OVER 2022
Rupee

ECONOMISTS EXPECT RUPEE TO TRADE WITHIN A 77 RANGE OVER 2022

*Rupee weakness vs dollar to persist as market expectations of a Fed rate hike *Finance Ministry positives comments were the major ones to weigh on the Rupee While keepin ....

RUPEE SAW VERY THIN MOVES AFTER A RECENT DROP
Rupee

RUPEE SAW VERY THIN MOVES AFTER A RECENT DROP

*Rupee/Dollar bulls conquer the trend line resistance from early July *Foreign banks converting rupee into dollars and that were used to buy foreign sovereign debt Firmness ....

ASIA’S BEST PERFORMER RUPEE EXTENDING LOSSES FOUR-DAY STRAIGHT SESSION
Rupee

ASIA’S BEST PERFORMER RUPEE EXTENDING LOSSES FOUR-DAY STRAIGHT SESSION

*The USD/INR uptrend to be maintained this year *A 1% move in the exchange rate translates into a 15-basis point change in inflation After the rupee has benefiting from ste ....

RUPEE WEAKENED PAST 75 FOR THE FIRST TIME IN EIGHT MONTHS THIS WEEK
Rupee

RUPEE WEAKENED PAST 75 FOR THE FIRST TIME IN EIGHT MONTHS THIS WEEK

*Barclays Plc expects the RBI to defend the rupee using its massive foreign reserves *On 6 April, a dollar was worth 73.28 on 14 April 75.20 and it was 72.45 as of 29 March ....

USD/INR SEEMS TO NEED FURTHER AMMUNITION TO BACK THE BEARS
Rupee

USD/INR SEEMS TO NEED FURTHER AMMUNITION TO BACK THE BEARS

*Attention will now turn to this week when the Fed will announce its monetary policy *Importer’s revision in hedging plan to buy on dip could not allow rupee to move below 72. ....