As long as further new cases are not reported the sentiment should be stable. This could be positive for the rupee. In the past few sessions, the move in the Indian rupee has been largely offshore-driven. The reason for USD/INR being bid in offshore is that a prolonged period of low volatility had caused investors […]
Sri Lankan President Gotabaya Rajapaksa has requested India to provide a special USD 1.1 billion currency swap facility to boost the country’s draining foreign exchange reserves Sri Lankan President Gotabaya Rajapaksa has requested India to provide a special USD 1.1 billion currency swap facility to boost the country’s draining foreign exchange reserves in view of […]
Profit can be booked in this strategy if the currency pair trades above 76.85 anytime during the week. After the recent mild correction, the United States Dollar/Indian Rupee gained strength over the week and closed with the weekly gain of approximately 49 paise at 76.05 per USD. Active participation of bulls have been witnessed in […]
Foreign exchange reserves have risen by $50 billion since the beginning of the year, despite a net ~ $14 billion outflow from domestic equity and debt markets in the same period. RBI’s foreign exchange (FX) reserves crossing the half a trillion-dollar mark created headlines recently. The RBI has been on a reserve accumulation spree. Its […]
The Reserve Bank of India had released the new currency notes of Rs 2000 and Rs 500 with added security features and incorporating various other elements to showcase the country’s rich heritage, freedom struggle, diverse culture, and its achievements. Highlighting the achievement of the government on the sanitation front, the notes display the logo of the […]