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.
Currencies
Currencies are types of money used by countries for buying and selling goods and services. Each nation has its own currency, like dollars or euros, which helps people trade easily. They can be coins, notes, or digital money, and their value changes based on global markets.
Indian Rupee Appreciated Against the U.S. Dollar
The Indian rupee appreciated against the U.S. dollar, supported by strong local equities and the dollar index retreating from over three-month highs.
Indian Rupee And Bond Update – February 25, 2021
Indian Rupee And Bond Update : The rupee appreciated against the U.S. dollar supported by persistent greenback sales by foreign banks and weaker dollar.
Rupee And Bond Update – February 12, 2021: Reliance Securities
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.
Rupee And Bond Update – February 05, 2021
Rupee And Bond Update : The Indian rupee ended flat against the U.S. currency on Thursday ahead of the Monetary Policy Committee decision.
US Dollar Q1 2021 Forecast: Gold Silver Reports
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.
Dollar Dips, Gold Climbs; Stocks Hold Near Record: Markets Wrap
The dollar slipped and global stocks held near a record as trading got underway in Asia on Monday. Gold and Treasury yields climbed.
AUD/USD appears to be on track to test the September low
AUD/USD appears to be on track to test the September low (0.7006) as RBA Governor Philip Lowe pledges to not increase the official cash rate (OCR) “for at least three years,” and it seems as though the central bank will offer a more details over the coming months as officials plan to update the economic in “early November.”
Rupee Replaces Stable Coins in India’s Crypto Market
Crypto Market Reports : When the Reserve Bank of India (RBI) banned India’s banks from processing payments related to cryptocurrency in April 2018, investors came up with an ingenious solution.
Dollar Price Forecast: USD Recovery Eyes Initial Hurdles
The US Dollar rallied more than 0.4% this week with DXY marking the second consecutive weekly advance. The rally takes the index nearly 2% off the monthly lows with the rally now eyeing initial resistance hurdles just higher.