Read Time: 4 minutesThe USD/INR enjoyed a rather comfortably polite price range in January and speculators who want to pursue the currency pair need patience and technical ability. It needs to be pointed out the USD/INR hit a low of nearly 82.7300 on the 12th of January; this lower level has proven to be an…

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Read Time: 3 minutesIndian Rupee (INR) weakens on Wednesday amid further strength in the US Dollar (USD) and higher US yields. The robust US economic data prompted the expectation that the Federal Reserve (Fed) is unlikely to cut rates as aggressively as the market expects. Investors have priced in a 49% chance of a March…

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Read Time: 2 minutesRBI’s Effective Pegging of USD-INR Exchange Rate In the past year, the Reserve Bank of India (RBI) has taken decisive measures to peg the USD-INR exchange rate, resulting in an exchange rate stability comparable to other pegged currencies such as the Dirham and Hong Kong Dollar. This proactive intervention by the RBI…

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Read Time: 2 minutesRupee Volatility and Recent Levels The Indian Rupee has experienced increased volatility, surpassing the 83 level in the last month, a level not seen since August, after a three-month period of relative stability within a 40 paise range. Despite briefly touching 82.90, the Rupee’s volatility has been influenced by the RBI’s deviation…

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Read Time: 4 minutesAs we enter 2024, the global financial landscape is rife with intrigue and potential upheaval, largely owing to significant elections in the UK, India, and the US, which are amplifying uncertainty in market sentiment. These elections loom large and are undoubtedly contributing to an increased level of market volatility. One of the…

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Read Time: 2 minutesUSDINR Market OverviewThe USDINR currency pair remains within a defined range, struggling to surpass the 83 level. Current market focus is on the impending US PCE inflation data, which could signal future Federal Reserve actions. Despite anticipations of multiple rate cuts next year, such expectations seem overly optimistic given the robust US…

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Read Time: 3 minutesUSD/INR Exchange Rate Trends The USD/INR exchange rate initiated the week with an upward trajectory, recovering from a marginal 0.2% decline in the previous week, settling at 83.02 by Friday’s close. Presently, it hovers at 83.14, oscillating within the range of 82.92 to 83.15. The rupee’s recent vigor stemmed from significant inflows…

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Read Time: 2 minutesThe Indian Rupee trades weaker on the day. The USD/INR pair continues to trade in a wider range of 82.80–83.40 since September. The shorter-term bullish outlook of USD/INR remains intact as the pair holds above the key 100-day Exponential Moving Average (EMA) with an upward slope on the daily chart. This upward momentum is reinforced…

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Read Time: 3 minutesIndian Rupee Under Pressure Amid USD Demand The Indian Rupee (INR) faces downward pressure as it weakens against the US Dollar (USD) due to increased demand from state-run and foreign banks. Finance Minister Nirmala Sitharaman acknowledged the government’s vigilance over the exchange rate, particularly in response to the recent decline in the…

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Read Time: < 1 minuteThe USDINR 1-month premium has fallen to 5 paise, marking its lowest level in 12 years. Such decline usually refers to dollar shortage in the interbank market. The big question is whether the Rupee will prevent the record low of 83.29/$ or not. So far yes !!

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Read Time: 2 minutesThe Indian rupee is expected to open unchanged, as non-deliverable forwards indicate that the USDINR will remain at around 83.12-13 to the U.S. dollar. However, the currency is likely to remain under pressure due to dollar demand at the end of the month. Additionally, the 10-year U.S. treasury yield has climbed above…

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Read Time: 2 minutesOn Friday, crude prices hit new year-to-date highs, which impacted on the Indian rupee. Nevertheless, the downside was likely restrained by dollar selling orders and anticipated stock inflows. At 11:00 IST, the rupee was trading at 83.07 against the US dollar, up from 83.03 the previous session. Most Asian currencies were in…

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Read Time: < 1 minuteThe Indian rupee is set to rise on Friday after India’s inclusion in JPMorgan’s emerging market bond index, with non-deliverable forwards indicating an opening rate of around 82.80-82.82 compared to the previous day’s 83.09. This is expected to bring in billions of dollars in inflows.

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Read Time: 2 minutesPast week saw a narrow range by taking 83 as pivot moved 0.18 on either side. It is evident from themarket action that the declines are used as opportunity to hedge the Imports. Market is no mood tobelieve decline towards even 82.20. At best we can presume that the range is gradually…

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Read Time: 2 minutesEconomists at Société Générale have analyzed the potential risks for the Indian Rupee (INR) in relation to higher oil prices. They have outlined three different scenarios to assess the impact on the INR. 2. The second scenario considers a flat Dollar or flat oil prices. If the Dollar remains stable or if…

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Read Time: 2 minutesIndian Rupee Steady Despite Mixed Markets and Lower Inflation The Indian rupee began the day at 82.9250/9350 levels, which was virtually unchanged from the previous day. This was due to tracking non-deliverable forwards. However, despite crude oil prices rising, the Rupee’s upside was limited due to nearby support on USD/INR. Asian currencies…

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Read Time: < 1 minuteDollar is trading slightly weak and US yields are steady, waiting for the US CPI to provide an indication of the inflation trajectory in the US. Risk appetite remains comfortable in markets, and equities continue to move higher, albeit at a gradual pace. Dollar Index is at 104.20, with EUR at…

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Read Time: 3 minutesThe Indian rupee ended the session lower at 83.03/04 levels compared to its opening at 82.9250/9350 levels after touching the low of 83.0550/0650 levels, despite a rally in the Chinese Yuan and a softer U.S. dollar as the domestic unit’s strength was capped by dollar demand from oil companies and importers. Rupee…

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