Author: Nandan Kumar
Buy USDINR; target of : 82.96 : March 14, 2024: ICICI Direct
ICICI Direct, Rupee depreciated against the dollar yesterday amid weakness in the domestic equities.
Buy EURINR; target of : 90.75 : March 12, 2024: ICICI Direct
ICICI Direct, Euro edged lower by 0.20% yesterday amid dovish comments from the ECB Governing council members and the ECB President Lagarde last week.
Indian rupee retreats from six-month high on likely central bank intervention
The rupee was at 82.7750 against the U.S. dollar as of 10:25 a.m. IST, up 0.05% compared with its close of 82.8225 in the previous [more…]
Buy EURINR; target of : 90.50 : March 07, 2024: ICICI Direct
ICICI Direct, Euro edged higher by 0.39% yesterday amid weak dollar and better than expected German trade data.
Indian rupee to remain range-bound in near-term, inch up in a year: Poll
Unlike most emerging market currencies, the rupee has showed remarkable stability against the dollar, thanks to the RBI#39;s hefty foreign exchange reserves of over $619 [more…]
Buy USDINR; target of : 82.82 : March 06, 2024: ICICI Direct
ICICI Direct, Rupee ended barely changed yesterday amid pessimistic domestic market sentiments.
Buy GBPINR; target of : 105.50 : March 05, 2024: ICICI Direct
ICICI Direct, Pound is expected to rise further towards 1.2720 level amid soft dollar and ahead of British budget.
Rupee rises 2 paise to settle at 82.89 against US dollar
India’s forex reserves jumped by USD 2.975 billion to USD 619.072 billion for the week ended February 23, the Reserve Bank said on Friday.
Gold, SDR reserves share in India’s total forex reserves falls marginally so far this fiscal
Between April and December 2023, the central bank was a net buyer of the greenback in five of the nine months, as per RBI’s bulletin [more…]
Buy EURINR; target of : 90.30 : March 04, 2024: ICICI Direct
ICICI Direct, Euro edged higher by 0.30% on Friday amid weakness in dollar and as Eurozone CPI rose more than expected.