New Delhi: The inclusion of Indian government securities in the JP Morgan emerging market debt index has the potential of making the rupee stronger and reduce the government’s borrowing costs, chief economic advisor in the finance ministry V Anantha Nageswaran told reporters on Friday. JP Morgan on Friday said itRead More →
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 →
MUMBAI : Amid expectations of heightened market turbulence in the wake of India’s surging retail price inflation and slowing merchandise exports, which impacts the rupee, FPIs have turned net sellers of Indian stock futures of a significant quantity in just four days, a rare occurrence, according to market experts, whoRead 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 Indian rupee opened 4 paise higher against the US dollar on Monday amid upbeat risk appetite and FII inflows into domestic equities. The local unit opened at 82 a dollar as compared to the previous close of 82.04. The dollar index was little changed at 102.96. Data out onRead More →
The Indian rupee opened 21 paise higher against the US dollar on Friday, tracking a broad weakness in the dollar index and a fall in crude oil prices. The local currency opened sharply higher at 81.96 a dollar as compared to its previous close of 82.17. The dollar index, whichRead More →
The Indian rupee opened higher against the US dollar on Thursday supported by strong domestic GDP growth in FY23 and wagers of a US Federal Reserve pause next week and the much higher-than-expected local GDP print. The local currency opened 25 paise higher at 82.47 a dollar against Wednesday’s closeRead More →
