The Indian rupee snapped its four-day losing streak to close 29 paise higher against the US dollar on Tuesday, tracking a recovery in domestic equities and weakness in American currency overseas.
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INR-USD Likely to Regain Ground to Test 75-75.30 Levels in Near-Term
INR-USD Forecast: The local equities are trading on a negative foot over the last few days, following a weakness over wall street and other Asian markets. The pressure mounts over stocks as FIIs are heavily withdrawing their investment flows.
Rupee Bond Traders To Await Rs 26,000 Crore T-Bill Sale
Indian bond traders will look forward to a Rs 26,000 crore ($3.5 billion) Treasury-bill sale on Wednesday. Trading volumes may be muted ahead of the central bank’s monetary policy review on Thursday.
Rupee, Bonds May Fall After Federal Reserve’s Hawkish Pivot
Indian government bonds and the rupee are likely to come under pressure after the Fed opened the door to more and faster-than-anticipated rate hikes.
Indian Bonds May Drop On High Oil Prices, U.S. Treasury Yields
Indian bonds may extend losses as higher crude oil prices and U.S. Treasury yields weigh on sentiment. The rupee may also open lower amid worries over the impact …
Rupee Forecast – Dollar-Rupee Expected Trading Zone Between Of 74—78
Rupee May Open Lower As Global Funds Sell Stocks
The rupee may open lower amid outflows from local stocks and after the dollar strengthened on Wednesday.