At Gold Silver Reports, we deliver timely currencies news and forex updates covering USD, INR, EUR, GBP, and global forex markets. Our expert insights and daily analysis help traders and investors track price trends, exchange rates, and market movements effectively.
Rupee Opens Higher Against U.S. Dollar Indian rupee opened higher at 64.92 per U.S. dollar against Friday’s close of 65.01.
Rupee Snaps Five-Day Losing Streak — The Indian rupee halted five-day losing streak in today’s trade. It rose nine paise against the U.S. dollar to 65.12 in early trade at the interbank forex market today amid weakness in the greenback after the U.S. Fed raised benchmark lending rate by 25 basis points.
Gold Silver Reports (GSR) – India rupee is likely to open weak as the country’s current account deficit widened last quarter. The current account gap was $13 billion in October-December quarter or 2 percent of GDP.
Rupee opened lower at 64.92 per U.S. dollar against yesterday’s close of 64.83. -Rupee Slips Against U.S. Dollar
Rupee weakened 0.2 percent to 65.03 even as other Asian currencies advanced amid broad dollar weakness.
👍 Rupee opened marginally higher at 64.87 per dollar against yesterday’s close of 64.89.
Gold Silver Reports – Trade War Pain for Asian Currencies to Shine Light on Deficits – The current-account deficit is making a comeback as a reason to sell some Asian currencies, according to Credit Suisse Group AG.