INR
Rupee ends tad higher, importers limit gains; currency flat on-week
The Indian rupee edged higher against the U.S. dollar amidst expectations of a Fed rate cut.
Rupee ends weaker, pressured by state-run banks' dollar bids; eye on US inflation
The rupee ended at 83.56 vs. the U.S. dollar, pressured by state-run banks and Asian peers like the won rising.
Rupee declines pressured by weak Asian peers, oil companies' dollar bids
Indian rupee weakens as Asian currencies fall amid strong dollar demand. US bond yield rise impacts currencies, with Chinese yuan and Korean won leading losses.
Rupee falls 11 paise to close at 83.537 against US dollar; 10-year G-Sec yield trades flat
The 10-year benchmark bond yields have been trading flat, but traders say that these levels are good. “Today there seems to be buying from mutual funds. They sold during the quarter end so they have to replenish their kitty”, they said. Liquidity eased a bit as the month began to a surplus of almost Rs. 28,000 crores due to government spending.
Rupee falls 11 paise to 83.45 against US dollar
The central government's fiscal deficit reached 3% of the annual estimates by May-end 2024-25. India's forex reserves surged to USD 653.711 billion, with FIIs selling shares worth Rs 23.09 crore. The RBI confirmed the increase in reserves, reflecting a positive economic outlook.
RBI announces SAARC currency swap framework for 2024-27
The Reserve Bank of India introduces revised currency swap frameworks for SAARC nations, providing INR, USD, and EUR support. The facilities offer backstop funding, short-term liquidity assistance, and access to member countries upon signing agreements.
Rupee gains for 3 straight sessions, settles at 83.57
The yield on the 10-year benchmark bond increased slightly but remains within market expectations, closing at 7.00% on Wednesday.
Rupee closes higher on uptick in Asian FX, foreign banks' dollar sales
The Indian rupee closed stronger on Monday at 83.4600 against the U.S. dollar, supported by gains in most Asian currencies. The Indonesian rupiah led the gains, while dollar sales from foreign banks helped the rupee, despite oil companies' bids eroding some gains.
Rupee sees range-bound trade against US dollar in morning deals
The rupee traded against the US dollar in early trade, influenced by the equity market and factors like the dollar's strength and crude oil prices.
Indian rupee hits new lifetime low against US dollar. Are record block deals the culprit?
The Indian rupee fell to a lifetime low of 83.62 against the US dollar on Thursday. Record block deals worth Rs 23,000 crore on Wednesday, which included Vodafone Plc's stake sale in Indus Towers, is said to be among the triggers behind the INR slide. The local currency had closed at 83.4550 in the previous session.
Learn with ETMarkets: How inflation impacts INR & what currency traders should do?
The Indian Rupee (INR) is influenced by global economic trends, inflation, recession fears, and geopolitical tensions. Traders should monitor inflation, anticipate capital flows, and use hedging strategies in the forex market.
Rupee logs best intraday rise in over five months
The rupee's strengthening also spurred importer hedging on Monday, which eroded the currency's gains, while traders also cited bids from state-run banks when the local currency rose above 83.
RBI to boost rupee's internationalisation, liberalise norms for non-residents
The Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-residents and enhancing the appeal of the GIFT City as an international financial center. The RBI plans to liberalize regulations related to INR accounts for non-residents and allow them to open rupee accounts outside India.
Lectrix EV to invest INR 100 crore in FY25; plans multiple launches to strengthen EV market position
The company is planning to launch its new 2W model pre-Diwali and one post-Diwali. Pritesh Talwar, President - EV Business at Lectrix EV is optimistic about creating its name in the 2W market as he believes there is enough space to sustain and create a brand image for multiple companies.
Avaada Energy bags 1,050 MWp solar project
Avaada Energy has won a 1,050 MWp solar project through an NTPC-conducted auction, marking the largest single bid secured in the tender. The project, awarded at a tariff of INR 2.69 per kWh, is to be completed within 24 months of signing a 25-year Power Purchase Agreement (PPA). This achievement brings Avaada's portfolio to 15 GW in India.
India Playbook 2024: Aiming for a trillion dollars in forex reserves by 2029
India's economic trajectory for global investments is driven by stable macroeconomic environment, robust earnings growth, and significant contributions from software services and remittances. Inclusion in MSCI EM index and prominent Emerging Market Bond indices enhances India's investment landscape.
Rupee ends slightly higher even as most Asian currencies slip
"Think we'll see it drift lower towards 83.50 again," a foreign exchange trader at a foreign bank said, adding that weakness beyond that is unlikely given the likelihood of intervention by the Reserve Bank of India.
We expect 8% return from Nifty in INR terms for CY-24: Venugopal Garre
While at this juncture where we are, I will probably say that a win is definitely priced in, for sure, but probably in the 330-350 range, so it is that range which is getting priced in at this juncture, which is more or less something which they achieved in the previous election phase as well.
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