Author: Nandan Kumar

Impact on Indian rupee: Currency experts have warned before that sustained crude price increases may widen the CAD and exert considerable pressure on the Indian [more…]

ANZ#39;s Nitin Agarwal sees the rupee#39;s move towards record lows to be a temporary phenomenon, if the Chinese yuan stabilises with INR expected to hover [more…]

The local unit fell to a record low of 83.4550 earlier in the session, likely prompting the RBI to intervene

There is a shortage of foreign exchange with India’s major export destinations, including Latin America and Africa.

The considerable volatility in the rupee#39;s exchange-traded derivatives, particularly options, on Wednesday persisted on Thursday as brokers asked clients to unwind positions or provide proof [more…]

While most emerging market currencies have weakened against the dollar so far this year, the rupee has traded in a tight range of 82.64/$-83.45/$ and [more…]

Most Asian currencies fell with the Thai baht down 0.3% and leading losses, while the offshore Chinese yuan also weakened 0.1% to 7.26.

ICICI Direct, Rupee appreciated to 83.30 on Tuesday amid fresh bout of intervention from RBI and stronger Asian currencies.

The rupee had earlier recorded its lowest closing level of 83.40 on December 13, 2023. According to Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas, [more…]

ICICI Direct, Pound lost almost 1% after BOE kept its benchmark rates on hold as expected. It fell after all the members voted for no [more…]