Gold Silver Reports — The Indian rupee may weaken as global funds start to hit buying limits for the nation’s debt and valuations for equities look expensive, according to HSBC Holdings Plc.
Currencies
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Europeans Paying Least This Year to Buy Gold on Currency Gains
Gold Silver Reports — Europeans are paying the least in six months to buy gold as the euro climbs amid speculation the European Central Bank is poised to withdraw unprecedented monetary stimulus.
ECB Monetary Policy Update — 28 April 2017
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.
Indian Rupee: Maintains Steady Undertone
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.
Currency Traders Spot Fatal Flaw in Republicans
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.
Strengthens Against Dollar In Early Trades
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.
EASES IN EARLY TRADES AGAINST DOLLAR
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.