The Indian Rupee began Thursday’s trading session 16 paise down, opening at 85.53 against the US Dollar. This dip in the domestic currency can be largely attributed to the strengthening of the US Dollar Index (DXY), which measures the greenback’s value against a basket of six major global currencies. Factors Influencing the Rupee’s Movement: The … Read more
The Indian rupee is poised for a crucial week, where its trajectory will be heavily influenced by the US dollar’s performance, the global reaction to potential tariff implementations, and domestic liquidity management by the Reserve Bank of India (RBI). The Dollar’s Dance: A Key Influence The rupee’s fate is closely intertwined with the US dollar’s … Read more
Gold prices experienced a volatile trading session on Tuesday, surging to a new all-time high before retreating significantly as investors braced for Federal Reserve Chair Jerome Powell’s testimony later in the week. The precious metal, which had been rallying on safe-haven demand amid geopolitical tensions and economic uncertainty, saw its gains eroded by profit-taking and … Read more
The Indian rupee is poised for further appreciation against the US dollar, driven by a wave of dollar-long position liquidations spurred by the Reserve Bank of India’s (RBI) recent interventions in the foreign exchange market. This shift in market dynamics marks a potential turning point for the rupee, which has faced significant headwinds in recent … Read more
Rupee Slumps: The Indian rupee has hit a new low against the US dollar, breaching the 85 mark for the first time, following the Federal Reserve’s (Fed) latest policy statement. The US central bank hinted at fewer interest rate cuts in 2025 than previously anticipated, sparking a sell-off in emerging market currencies, including the rupee. … Read more