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.
Indian Rupee
IT Stocks Rise As Rupee Hits Record Low Against Dollar
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.
Australian Dollar’s Surge Is Bringing Out the Bears
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.
Weakens Due To Fresh Dollar Demand
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.
Indian Rupee: Maintains Steady Undertone
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.
Strengthens Against Dollar In Early Trades
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.
INDIAN RUPEE: REVERSES FOUR-DAY CLIMB
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.