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. ....

RISKS OF DEPRECIATION OF RUPEE ARE TRADE DEFICIT AND RISING CRUDE OIL PRICES
Rupee

RISKS OF DEPRECIATION OF RUPEE ARE TRADE DEFICIT AND RISING CRUDE OIL PRICES

*No change is expected in the inflation target band or monetary policy framework next year *Currency traders focus will be on inflation number Risks of depreciation of Indi ....

THE RUPEE BIGGEST WEEKLY GAIN SINCE DECEMBER 2018
Rupee

THE RUPEE BIGGEST WEEKLY GAIN SINCE DECEMBER 2018

*RBI might have favor the rupee rise to not to spike inflation *RBI refrained from currency intervention as foreign investors piled into equity markets Dollar inflows int ....