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.
INR
Indian Rupee Appreciated Against the U.S. Dollar
The Indian rupee appreciated against the U.S. dollar, supported by strong local equities and the dollar index retreating from over three-month highs.
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.
Indian Rupee opened Higher at 71.70 per Dollar Against Yesterday’s Close of 72.02.
Indranil Pan, economist at IDFC Bank said that fading inflation risks will offer RBI room to provide greater flexibility to adjust rates either way depending on what’s needed.
USD/INR Spot ; Keep Eye on 71.15, Daily Chart Show Target – 71.80 Ultimate Target 74$ Very Very Soon – Neal Bhai Reports
USD/INR Spot ; Keep Eye on 71.15, Daily Chart Show Target – 71.80 Ultimate Target 74$ Very Very Soon – Neal Bhai Reports Technical Power of CFA’s (CHARTRED FINANCE ANALYST) “No Magic, No Miracle, Just Power of Level” Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team Mobile No. …
USD/INR Spot – Long Term Update and Report – Neal Bhai Reports
USD/INR Spot Updates – Keep Eye on 69, if hold and Closed above market ready for new high $75 Sure.
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.