The Indian rupee is expected to receive a boost on Monday from the increasing probability that the US Federal Reserve will deliver a 50-basis-point rate cut in the week.
Indian Rupee
Rupee Hits Lifetime Low, May Slip to 81 on Strong Dollar
Rupee Hits Lifetime Low: The Indian Rupee hit a lifetime low level of 80.43 on Thursday after US Fed’s decision to hike interest rate by 75 basis points yet again. The domestic currency opened at a record low of 80.2850 per US dollar, down from the previous close of 79.97.
Indian Rupee Gains Against U.S. Dollar At Open
The Indian rupee gained against the U.S. dollar on Wednesday. The currency appreciated 6 paise or 0.08% against the greenback to open at 79.80. In early trade, it fell as much as 0.01% to 79.87, before paring some losses to trade at 79.84. The rupee closed at 79.86 on Tuesday. …
Indian Rupee Builds On Last Week’s Gains, Opens At 79.12/Dollar
The Indian rupee strengthened against the U.S. dollar at opening of trade on Monday. The domestic currency appreciated 15 paise to 79.12 against the greenback at open. It then strengthened to 79.10, according to Bloomberg data.
Rupee to Appreciate on Weak Dollar
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.
Indian Rupee Goes From Asia’s Best to Worst in Two Weeks on Covid
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.
Safe-Haven Currencies in Demand Amid U.S., Iran Tension
The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that the killing of Iran’s most prominent military commander by the United States could trigger a broader Middle East conflict.
Indian Rupee Up 0.22% to 71.63 Against Dollar
Indian rupee strengthened for the third consecutive session against the US dollar on Monday, amid mixed cues from other Asian currencies due to uncertainty over US-China trade deal.
USD/CNY consolidates around 6.9050 Mark, People’s Bank of China sets Yuan mid-point at 6.8822
We prefer to take short position on USD/CNY only below 6.8976, stop loss 6.92 and target of 6.8525.
It made intraday high at 6.9087 and low at 6.8976 levels.
Indian Rupee Strengthens Noticeably Against U.S. Dollar
USDINR Currencies Updates : – It made intraday high at 70.42 and low at 69.34 marks.