Gold Silver Reports (GSR) – Rupee Seen Opening Lower Around 68.14/$ — The Indian rupee could come under pressure as global investors turn risk averse amid continued worries about an escalating exchange of trade and investment restrictions, triggered by the Trump administration. Asian stocks extended a decline which could see portfolio outflows from Indian markets and which in turn could weigh on the rupee, traders said.
India Rupee
Money Market Heads Up: Rupee Seen Trading In Range Of 68-68.50
Money Market Heads Up: Rupee Seen Trading In Range Of ₹68-68.50 — The RBI said it will buyback Rs 10,000 crore of debt via open market operations on Thursday – the first such OMO operation after May 17. This may help turn the bearish sentiment and see yields declining.
India May Give Freer Rein to Rupee After Making U.S. FX List
Gold Silver Reports (GSR) – India May Give Freer Rein to Rupee After Making U.S. FX List – India increased its purchases of foreign currency last year and has a “significant” trade surplus with the U.S., the Treasury noted in its semi-annual report on foreign-exchange practices released in Washington on Friday. The rupee has been the second-worst performing Asian currency this year, dropping 2.4 percent against the dollar, after strengthening 6.4 percent in 2017.
India rupee is likely to open weak as the country’s current account deficit widened last quarter
Gold Silver Reports (GSR) – India rupee is likely to open weak as the country’s current account deficit widened last quarter. The current account gap was $13 billion in October-December quarter or 2 percent of GDP.
Rupee Strengthens against US Dollar ahead of RBI Policy
Gold Silver Reports – Indian rupee strengthened against the US dollar ahead of the Reserve Bank of India’s (RBI) bi-monthly policy decision due after 2.30pm on Wednesday.
10-Year Bond yield hits over 14-week high, rupee strengthens slightly against US dollar
Gold Silver Reports — 10-Year Bond yield hits over 14-week high, rupee strengthens slightly against US dollar — India’s 10 year-bond yield on Wednesday hit over 14-week high after consumer price inflation accelerated for the second consecutive month, while the rupee strengthened marginally against the US dollar tracking gains in its Asian peers.
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.
India Rupee Slip on Suspected Central Bank Intervention
Gold Silver Reports – Rupee pared declines from near a record low as traders said state-run lenders sold the greenback on behalf of the Reserve Bank of India.
India Rupee, Bonds Drop on Concern Global Funds to Cut Holdings
Gold Silver Reports → Reserve Bank of India Governor Raghuram Rajan is rebuilding the country’s foreign reserves as he sees an unavoidable slide in the rupee until the war on inflation is won.