Gold Silver Reports (GSR) – In the national capital, gold of 99.9% and 99.5% purity advanced by ₹130 each to ₹30,970 and ₹30,820 per 10 grams, respectively. The precious metal had gained ₹40 in the last two days. Sovereign, however, remained unchanged at ₹24,700 per piece of eight grams.
Gold Silver Reports (GSR) – Rupee Hits All-time Low – Bond traders in India will be keenly watching the rupee’s movement while an auction of Rs 12,000 crore of sovereign debt will also provide cues for next week.
Expect Rupee To Depreciate Further Before Stabilising: Mizuho Bank – Mizuho Bank expects the Indian rupee to depreciate further before stabilising, its Strategist Tirthankar Patnaik said.
“Global uncertainty and higher crude prices will weigh on the rupee,” adding that the pressure on the local currency is fairly strong.
Gold Silver Reports (GSR) – The rupee slid to an unprecedented 69.0925 per dollar last month. It ended up 0.1 percent at 68.7725 on Wednesday.
Gold Silver Reports (GSR) – IT Stocks Rise As Rupee Hits Record Low Against Dollar – Shares of the information technology companies were trading higher after Indian rupee weakened below 69 per dollar for the first time.
Gold Silver Reports – Australian Dollar’s Surge Is Bringing Out the Bears — The Australian dollar’s longest rally in 18 months is bringing out the bears. The Aussie is poised to go into reverse as the Federal Reserve keeps raising interest rates, while the Reserve Bank of Australia leaves borrowing costs at a record low, said James Athey at Aberdeen Standard Investments in London, who is adding to his short positions. Schroder Investment Management Australia Ltd., which is also short, said the Aussie is likely to trade closer to 70 U.S. cents than 80 cents in 12 months.
Gold Silver Reports — The Indian rupee weakened in early trades against the dollar on Monday, 24 July 2017 due to fresh dollar demand from importers. However, the US dollar sliding against other currencies overseas and a higher opening in domestic equities limited the rupees fall.
Gold Silver Reports — The Indian Rupee is trading on a steady note today as the strength in local equities kept the overall undertone supported for the local currency.
Gold Silver Reports — The Indian rupee appreciated against the dollar in early trades on Monday, 27 March 2017 on increased selling of the US currency by banks and exporters. Besides, dollars weakness against other currencies overseas amid increased skepticism of US President Donald Trump s ability to implement his economic agenda after last week s failed US healthcare deal supported the rupee. However, a lower opening of the domestic equity market capped the gain.
Gold Silver Reports — The Indian rupee edged slightly lower against the dollar in early hours on Friday, 17 March 2017, reversing its 4-day climb, as the American currency got some of its lure back among banks and importers. The dollars strength overseas weighed, but a higher opening in domestic equities cushioned the impact.