Gold Silver Reports — The rupee on Thursday was trading little changed against the US dollar amid thin trade as traders avoided long positions ahead of a long weekend.
Rupee
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.
HSBC Sees Rupee Weakness as Foreigners Put Brakes on India Flows
Gold Silver Reports — The Indian rupee may weaken as global funds start to hit buying limits for the nation’s debt and valuations for equities look expensive, according to HSBC Holdings Plc.
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.
MCX Gold Hurt On Rupees Ascent
Gold Silver Reports — A continued spurt in Indian Rupee hurt the MCX Gold futures on a day when global prices were already in correction mode. COMEX Gold futures have slipped from their one month high amid strong US economic data and currently trade at $1255 per ounce, down 0.23% on the day. MCX Gold futures are trading at Rs 28690 per 10 grams, down 0.55% on the day. Prices have eased back after failing to break above Rs 29K levels.
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.
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.
Rupee Trades Higher at 67.53 Against US Dollar
Gold Silver Reports — The Indian rupee on Thursday strengthened for the 2nd consecutive session against the US dollar, after local equity markets gained for the fourth session.
India Economy Will Support Rupee Bonds
Gold Silver Reports — Pacific Investment Management Co. says the growth trajectory and financial health of India’s economy will support rupee bonds regardless of who helms the central bank. That may soon be someone other than Governor Raghuram Rajan after a newspaper report said he’s not seeking a 2nd term.
Citibank Predict Indian Rupee Will Hold Gains
Gold Silver Reports ~ Citibank is predicting India’s rupee will hold much of the gains from what looks set to be its best month in 2 years. The resolve shown by Prime Minister Narendra Modi in seeking to narrow the fiscal deficit to a 9-year low has boosted investor confidence and will probably support capital inflows,