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The Indian rupee has turned into Asia’s worst-performing currency from being the best in the previous quarter. It’s poised for more losses as a resurgence in coronavirus cases to a record threatens to hamstring the economy.
Read moreIndian Rupee Goes From Asia’s Best to Worst in Two Weeks on Covid
The Indian rupee appreciated against the U.S. dollar, supported by strong local equities and the dollar index retreating from over three-month highs.
Read moreIndian Rupee Appreciated Against the U.S. Dollar
Indian Rupee And Bond Update : The rupee appreciated against the U.S. dollar supported by persistent greenback sales by foreign banks and weaker dollar.
The Indian rupee ended flat against the U.S. dollar, as possible intervention from the Reserve Bank of India offset the impact of foreign flows in local equities.
Read moreRupee And Bond Update – February 12, 2021: Reliance Securities
Rupee And Bond Update : The Indian rupee ended flat against the U.S. currency on Thursday ahead of the Monetary Policy Committee decision.
Read moreRupee And Bond Update – February 05, 2021
In a year where sellers dominated the currency, it’s become increasingly difficult to expect anything different to happen. For Q1 of 2021, I’m looking for a continuation in the bearish backdrop that’s become so incredibly loud around the US Dollar.
Read moreUS Dollar Q1 2021 Forecast: Gold Silver Reports