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.
ECB drops zero hints on exiting the quantitative easing program
In the recent policy meeting dated 27th April 2017, the European Central Bank left its ultra-easy policy stance in place. The key interest rates were kept unchanged at “0 percent” and the monthly asset purchases were to be done at €60 billion till the end of December’17 or beyond until the ECB achieves it’s 2 percent inflation target.
Gold Silver Reports — The Indian Rupee is trading on a steady note today as the strength in local equities kept the overall undertone supported for the local currency.
Gold Silver Reports ✅ — In Washington D.C., one of the selling points of an ambitious border-tax plan rests on a key economic assumption: The dollar will appreciate enough to offset any increase in the cost of cheap, imported goods that so many Americans have come to rely on.
Gold Silver Reports — The Indian rupee appreciated against the dollar in early trades on Monday, 27 March 2017 on increased selling of the US currency by banks and exporters. Besides, dollars weakness against other currencies overseas amid increased skepticism of US President Donald Trump s ability to implement his economic agenda after last week s failed US healthcare deal supported the rupee. However, a lower opening of the domestic equity market capped the gain.
Gold Silver Reports — The Indian rupee eased in early trades on Wednesday, 22 March 2017 amid gains in the US currency in global markets. Dollar strengthened against major global currencies hitting the rupee sentiment. Early losses in stock markets and demand for the US currency from importers also weighed on the rupee.
Gold Silver Reports — The Indian rupee edged slightly lower against the dollar in early hours on Friday, 17 March 2017, reversing its 4-day climb, as the American currency got some of its lure back among banks and importers. The dollars strength overseas weighed, but a higher opening in domestic equities cushioned the impact.
Gold Silver Reports — India’s under-capitalized lenders should be restricted from expanding deposits and loans to help revive the banking sector burdened by increasing bad loans, a deputy governor at the nation’s central bank said.