Indian Rupee falls to all-time low of 89.61 against USD due to US-India trade uncertainty and heavy foreign portfolio outflows. RBI’s lower intervention and rising import demand add pressure.
FOREX
As An Inflation Hedge, Copper’s Better than Gold
For centuries, gold has been a go-to asset among investors worried about all sorts of financial risks. In the past decade, exchange-traded funds backed by the metal drew more money than any other commodity. Even the world’s biggest central banks hoard bullion as a reserve asset.
Forex Upate : USD-INR Next Target $78 Need Pateince – Neal Bhai Reports
Forex Upate : USD-INR Next Target $78 Need Pateince – Neal Bhai Reports
Remember My Ultimate Target USD/INR Target $74 Almost Hit. I Told you Above 71.15 Ultimate Target 74$ Boom Boom
Dollar Yesterday Close is above All Previous Highs Achieved Throughout This Year
Gold Silver Reports (GSR) Dollar yesterday close is above all previous highs achieved throughout this year. On May 29, the dollar closed at 94.79, and on June 14 the dollar index closed at 94.77. These highs had been the highest trading points of 2018, and up until today, the dollar had never closed above 95 on the index in 2018.
Dollar Gives Up Weekly Gains after U.S. Reports Soft Consumer Inflation Data
The dollar was poised for a third weekly gain on Friday after positive U.S. economic data lowered expectations for rate cuts by the Federal Reserve anytime soon.