The Indian rupee opened 27 paise higher against the US dollar on Friday after JPMorgan’s announcement to include India in emerging market bond index, which is expected to lead to billions of dollars worth inflows. The local currency opened at 82.82 a dollar as compared to previous close of 83.09.Read More →
The Indian rupee opened marginally higher against the US dollar on Tuesday amid a recovery in other Asian currencies. The local currency opened at 83.08 a dollar as compared to previous close of 83.11. The US dollar index, which measures the currency against six developed-market counterparts, including the yen andRead More →
The Indian rupee opened paise lower against the US dollar on Thursday amid broader strength in the greenback against peers. The local currency opened at 82.72 a dollar against the previous close of 82.58. The safe haven dollar rose against its major peers and longer maturity US yields inched upRead More →
The Indian rupee opened 7 paise lower against the US dollar on Wednesday amid a firm greenback. The local currency opened at 82.10 a dollar as compared to previous close of 82.03. The dollar rebounded from a 15-month low hit in the previous session and held steady as traders assessedRead More →
The Indian rupee opened 5 paise higher against the US dollar on Tuesday amid broader weakness in the US dollar. The local unit opened at 81.99 a dollar as compared to previous close of 82.04. The dollar index was hovering around a one-year low on expectations that the US FederalRead More →
The dollar’s dominance isn’t going away anytime soon. While the Chinese yuan could grow in importance, it’s also very unlikely to replace the greenback as the global reserve currency—barring some truly radical changes to China’s economic model. Read More →
A number of officials said that an “insufficiently restrictive” policy stance could stall recent progress on moderating inflation pressures, according to minutes of their latest policy gathering, suggesting they are prepared to move rates up further than their December forecast of 5.1%. The statement also said “almost all” officials agreedRead More →
Semiconductors are emerging as one of the global economy’s most important battlegrounds A new age of great-power rivalry is redrawing the map of the world economy and forcing business chiefs to navigate around a growing number of global flashpoints. With a hot war raging in Europe and a cold oneRead More →
Indian rupee emerged as Asia’s worst performing currency in 2022 depreciating around 11.5% against the US Dollar on strength in the greenback and capital outflows by foreign investors. FIIs pulled out around ₹2.75 lakh crores this year. Dollar has strengthened amid Russia-Ukraine conflict, global slowdown and global inflation concerns whichRead More →
For the last week of 2022, gold is seen to witness a range-bound performance due to the onset of the holiday season. However, in 2023, inflation which is expected to ease is likely to soften demand for gold as a hedge and will play a key role in capping theRead More →
