[Tree] Pakistani rupee stability against US dollar
Version 1.73 (2024-11-19 05:46:02.990000)
updates: Recent stability and oil price influences noted
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Version 1.72 (2024-10-29 05:40:23.225000)
updates: Rupee appreciates; oil prices and US dollar index updated.
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Version 1.71 (2024-10-28 06:38:38.098000)
updates: Rupee stabilizes; global economic factors updated
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Version 1.7 (2024-10-22 06:41:55.855000)
updates: Rupee shows slight improvement; economic factors detailed
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Version 1.69 (2024-10-21 11:42:21.847000)
updates: Pakistani rupee depreciates against the US dollar
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Version 1.68 (2024-10-17 06:38:36.725000)
updates: Rupee appreciates slightly against the dollar
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Version 1.64 (2024-09-28 20:44:43.090000)
updates: Updated Pakistani rupee rates and economic context
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Version 1.62 (2024-09-16 07:45:52.178000)
updates: Pakistani rupee strengthens; IMF loan approval pending
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Version 1.61 (2024-09-11 17:46:35.359000)
updates: RBI's reserves and market strategies updated
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Version 1.6 (2024-09-09 20:39:37.676000)
updates: Integration of India's economic ascent and carry trade details
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Version 1.59 (2024-09-09 10:37:55.017000)
updates: Indian rupee steadiness amid RBI actions and global concerns
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Version 1.58 (2024-09-05 05:43:35.843000)
updates: Rupee gains marginally; IMF support impacts economy
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Version 1.57 (2024-09-03 07:49:19.650000)
updates: Updates on Pakistani rupee and economic conditions
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Version 1.56 (2024-08-18 22:47:13.629000)
updates: Rupee stabilizes; market interventions noted
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Version 1.55 (2024-08-16 04:02:18.207000)
updates: Updates on the Indian rupee's near-record low and rate cut expectations
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Version 1.54 (2024-08-03 06:10:10.895000)
updates: Updates on XRP's slide amid US recession fears
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Version 1.53 (2024-08-03 06:05:02.686000)
updates: The US dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September.
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Version 1.52 (2024-08-03 02:01:55.715000)
updates: The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September.
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Version 1.51 (2024-08-01 04:14:24.724000)
updates: Updates on the rupee's expected performance and the possibility of a rate cut
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Version 1.5 (2024-07-31 11:02:16.270000)
updates: The Indian rupee reached a new all-time low against the US dollar, with additional information on equity outflows and yuan volatility
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Version 1.49 (2024-07-31 03:13:49.143000)
updates: Updates on the factors contributing to the rupee's decline and interventions by the Reserve Bank of India
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Version 1.48 (2024-07-30 11:07:33.183000)
updates: Updates on rupee stability, anticipated RBI interventions, and global central bank decisions
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Version 1.47 (2024-07-29 11:05:50.563000)
updates: The Indian rupee hits a record low against the US dollar amidst market volatility
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Version 1.47 (2024-07-29 11:05:50.563000)
updates: The Indian rupee hits a record low against the US dollar amidst market volatility
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Version 1.46 (2024-07-29 05:59:48.688000)
updates: Updates on the Indian rupee's stability against the US dollar
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Version 1.45 (2024-07-26 11:05:40.991000)
updates: Indian rupee hits fresh record low, equity outflows, increased dollar demand
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Version 1.44 (2024-07-26 05:59:53.267000)
updates: Indian rupee hits all-time low against US dollar
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Version 1.43 (2024-07-26 05:06:34.650000)
updates: Indian rupee hits record low against dollar on rising oil prices
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Version 1.42 (2024-07-25 07:16:13.252000)
updates: Updated information on rupee depreciation and RBI intervention
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Version 1.41 (2024-07-13 01:57:59.712000)
updates: The Indian rupee closed slightly higher against the US dollar
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Version 1.4 (2024-07-12 03:58:54.883000)
updates: Updates on US inflation data and Fed rate cut expectations
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Version 1.39 (2024-07-11 10:54:16.193000)
updates: Indian rupee slipped slightly against US dollar
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Version 1.38 (2024-07-11 06:56:52.121000)
updates: Updates on the expected opening of the Indian rupee and the impact of US inflation data on the Federal Reserve's decision on interest rates
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Version 1.37 (2024-07-11 04:58:01.770000)
updates: Updates on rupee's opening rate, Fed rate cut expectations
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Version 1.36 (2024-07-11 04:55:02.045000)
updates: Updates on US inflation data, Asian peers, and Powell's testimony
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Version 1.35 (2024-07-11 03:56:59.387000)
updates: Updates on rupee's expected performance ahead of US inflation data
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Version 1.34 (2024-07-09 12:56:48.871000)
updates: Includes information about Powell's testimony and the performance of Indian shares
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Version 1.33 (2024-07-09 04:54:15.221000)
updates: The Indian rupee traded flat against the US dollar
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Version 1.32 (2024-07-08 19:56:19.888000)
updates: The Indian rupee appreciated slightly against the US dollar, reaching 83.44, as Asian currencies took a breather on a dip in US bond yields. The decline in US yields came after fresh economic data boosted hopes of rate cuts by the Federal Reserve later this year. The US unemployment rate rose to 4.1% and annual wages increased at the slowest pace in three years, indicating a cooling labor market. Asian currencies, including the rupee, were under pressure last week, with the Japanese yen falling to its lowest in 38 years and the offshore Chinese yuan touching its weakest level since November. Despite recent weakness in US economic data, Fed policymakers have largely maintained a wait-and-see stance on the future path of interest rates. Traders expect the rupee to continue trading mostly sideways between 83.40 and 83.55 against the US dollar.
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Version 1.31 (2024-07-08 05:54:59.887000)
updates: The Indian rupee appreciated slightly against the US dollar as Asian currencies took a breather on the dip in US bond yields. The rise in the rupee was supported by significant foreign fund inflows. Rising crude oil prices weighed on investor sentiments and restricted the upside. The Dollar Index fell towards 105 levels and US 10-year bond yields dropped towards 4.35%, as a series of economic data showed a cooling US economy, heightening expectations of a rate cut by the US Fed. The 30-share BSE Sensex fell 386.58 points, or 0.48%, and the NSE Nifty declined 84.85 points, or 0.35%. The Indian rupee closed at 83.49 against the U.S. dollar, slightly higher than its close at 83.53 in the previous session. The dollar index was at 105.2, while most Asian currencies rose with the Chinese yuan up about 0.1% and the Japanese yen nearly 0.3% higher. Meanwhile, dollar-rupee forward premiums rose with the 1-year implied yield up 2 basis points at 1.64% aided by a decline in U.S. bond yields. The 10-year U.S. Treasury yield fell 9 basis points on Wednesday after data signaled that the economy is cooling, which helped push the odds of a September interest rate cut above 70%, according to CME's FedWatch tool. The U.S. non-farm payrolls report, due Friday, is the next closely watched data point for cues on the Fed's policy rates trajectory. The rupee settled almost flat due to muted domestic equities and a rise in crude oil prices. Forex traders expect the rupee to trade with a slight positive bias, but a correction in the domestic markets and elevated crude oil prices may limit sharp upside. Foreign Institutional Investors (FIIs) were net buyers in the capital markets, purchasing shares worth Rs 2,575.85 crore. According to a report by Finimize, the Indian rupee appreciated against the US dollar, reaching 83.44, driven by declining US bond yields and economic data hinting at potential Federal Reserve rate cuts. The US unemployment rate rose to 4.1% and annual wage growth slowed to the lowest in three years, indicating a cooling labor market. The probability of a September rate cut increased to nearly 76% from 64% a week earlier. Asian currencies, including the rupee, gained temporary relief from the broad weakness in the US dollar, but the possibility of downside risks remains due to the Fed's cautious stance. The Japanese yen hit a 38-year low and the offshore Chinese yuan reached its weakest level since November. Traders expect the rupee to trade mostly sideways between 83.40 and 83.55 against the US dollar. Several indicators point to a slowing US economy, impacting market expectations for future rate decisions by the Federal Reserve. Ongoing uncertainties in US monetary policy keep Asian currencies vulnerable to future shifts. The dollar index dropped 0.2% to 104.9, reflecting broader market reactions to the evolving economic landscape. The Indian rupee was mildly stronger on Monday, tracking a rise in its Asian peers, which were aided by a decline in US bond yields after fresh economic data boosted hopes of rate cuts by the Federal Reserve later this year. The rupee was at 83.44 against the US dollar as of 10:15 a.m. IST, up slightly from its close at 83.4850 in the previous session. US Treasury yields and the dollar declined after data on Friday showed that the unemployment rate rose to 4.1% in the United States, while annual wages increased at the slowest pace in three years, pointing to a slackening of the labour market. Asian currencies were under pressure last week, with the Japanese yen falling to its lowest in 38 years, while the offshore Chinese yuan touched its weakest level since November. Fed policymakers have largely maintained a wait-and-see stance on the future path of interest rates despite recent weakness in US economic data. Traders expect the rupee to continue seeing mostly sideways price action between 83.40 and 83.55.
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Version 1.3 (2024-07-08 05:53:55.883000)
updates: Updates on US bond yields and Federal Reserve rate cuts
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Version 1.29 (2024-07-05 10:55:05.862000)
updates: The Indian rupee closed at 83.49 against the U.S. dollar, slightly higher than its close at 83.53 in the previous session.
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Version 1.28 (2024-07-05 04:53:41.071000)
updates: Rupee appreciates against US dollar on foreign fund inflows
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Version 1.27 (2024-07-04 10:54:15.255000)
updates: Rupee closed slightly higher, forward premiums rise
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Version 1.26 (2024-07-04 03:58:00.888000)
updates: Updates on the expected opening of the Indian rupee after weak US data
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Version 1.25 (2024-07-03 05:59:23.858000)
updates: Updates on yuan weakness and dip in US bond yields
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Version 1.24 (2024-07-01 10:59:48.008000)
updates: Updates on the rupee's performance against the US dollar and factors affecting it
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Version 1.23 (2024-07-01 10:55:59.215000)
updates: Rupee depreciates 11 paise to 83.45 against the US dollar
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Version 1.22 (2024-06-28 18:59:45.258000)
updates: Updates on rupee appreciation, dollar inflows, and market expectations
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Version 1.21 (2024-06-27 04:55:03.897000)
updates: The Indian rupee opens stronger against the US dollar amid positive economic outlook
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Version 1.2 (2024-06-26 11:55:19.523000)
updates: Indian rupee depreciates against US dollar due to strength of American currency
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Version 1.19 (2024-06-24 10:58:15.665000)
updates: The Indian rupee closed stronger on Monday at 83.4600 against the U.S. dollar, supported by gains in most Asian currencies. Dollar sales from foreign banks helped the rupee, despite oil companies' bids eroding some gains. Expectations of dollar inflows as domestic bonds are to be included in a JPMorgan index are likely to push out potential weakness in the rupee.
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Version 1.18 (2024-06-21 10:53:56.044000)
updates: The Indian rupee ended higher on Friday as mild inflows and exporter dollar sales lifted the currency after it hit an all-time low in the previous session.
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Version 1.17 (2024-06-21 05:56:43.558000)
updates: Rupee recovers slightly amid foreign capital inflows
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Version 1.16 (2024-06-21 02:54:35.258000)
updates: Indian rupee weakens to record low of 83.65 against US dollar
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Version 1.14 (2024-06-19 11:55:09.782000)
updates: The Indian rupee slipped slightly against the US dollar on June 19, 2024
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Version 1.13 (2024-06-19 05:54:10.496000)
updates: Indian rupee hits two-week high on strong inflows
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Version 1.12 (2024-06-14 05:53:12.606000)
updates: The Indian rupee held steady against the US dollar amid global currency fluctuations
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Version 1.11 (2024-06-14 04:57:14.554000)
updates: The rupee remains flat against the dollar amid concerns over US jobless claims
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Version 1.1 (2024-06-14 03:56:24.990000)
updates: Updates on the struggle of the Indian rupee against the US dollar and the impact of the Federal Reserve's outlook
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Version 1.09 (2024-06-13 04:58:18.866000)
updates: Updated information on the depreciation of the Indian rupee against the US dollar
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Version 1.08 (2024-06-12 09:57:02.993000)
updates: Inclusion of information about crucial inflation data and impact on the rupee
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Version 1.07 (2024-06-12 06:57:02.030000)
updates: The Indian rupee closed at a record low of 83.57 against the US dollar on June 11, 2024 [b602c11a].
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Version 1.06 (2024-06-12 00:54:04.841000)
updates: Indian rupee hits record low against US dollar
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Version 1.05 (2024-06-11 05:54:23.334000)
updates: Updates on RBI interventions and anticipation of Fed policy decision
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Version 1.04 (2024-06-11 04:53:48.686000)
updates: The Indian rupee opened at 83.49 against the US dollar and touched 83.50 in initial trade. The rupee settled for the day lower at 83.50 against the US dollar. The Reserve Bank of India's positive economic outlook suggests less room for early interest rate cuts, benefiting the rupee. Foreign Institutional Investors have resumed buying in the capital markets. Anticipated inflows from companies like Reliance Infrastructure, SpiceJet, and Clix Capital are likely to benefit the rupee. The rupee is expected to swing within a range of 82.90 to 83.70. The dollar index was at 105.12, and Brent crude futures fell to USD 81.47 per barrel. The BSE Sensex was trading lower at 76,334.63 points, and the NSE Nifty was down to 23,225.95 points.
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Version 1.03 (2024-06-07 05:53:52.271000)
updates: The Indian rupee remains stable as forward premiums slip ahead of central bank policy decision
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Version 1.02 (2024-06-01 07:55:08.738000)
updates: Rupee weakened by 13 paise, foreign investors bought Indian equities
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Version 1.01 (2024-05-31 16:57:13.590000)
updates: Rupee weakened by 13 paise, foreign investors bought Indian equities
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Version 1.0 (2024-05-31 11:55:12.281000)
updates: Indian rupee weakened due to volatile domestic equity markets and foreign fund outflow
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Version 0.99 (2024-05-31 10:54:57.620000)
updates: Rupee weakened due to volatile markets and foreign fund outflow
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Version 0.98 (2024-05-31 05:54:21.732000)
updates: Indian rupee strengthens against US dollar in early trade
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Version 0.97 (2024-05-31 04:54:10.738000)
updates: The Indian rupee strengthens in early trade against the US dollar
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Version 0.96 (2024-05-29 06:57:55.094000)
updates: The Indian rupee is expected to decline due to a rise in US bond yields
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Version 0.95 (2024-05-28 10:57:48.317000)
updates: The Indian rupee weakened against the US dollar due to a rise in crude oil prices.
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Version 0.94 (2024-05-28 04:54:17.271000)
updates: The Indian rupee has gained against the US dollar
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Version 0.93 (2024-05-28 03:52:57.168000)
updates: Updates on election uncertainty and its impact on the rupee
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Version 0.92 (2024-05-24 04:55:03.805000)
updates: Indian rupee reaches six-week high on likely dollar inflows; forward premiums decline
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Version 0.91 (2024-05-08 11:59:36.394000)
updates: Rupee ends little changed; forward premiums inch up
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Version 0.9 (2024-05-07 02:55:41.624000)
updates: Indian rupee ends weaker, dollar demand from importers
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Version 0.89 (2024-05-06 06:57:35.815000)
updates: Indian rupee stability amid importers' dollar demand and lower US bond yields
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Version 0.88 (2024-05-03 03:55:29.044000)
updates: Indian rupee expected to remain stable due to RBI intervention
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Version 0.87 (2024-05-03 02:51:33.467000)
updates: Indian rupee expected to remain stable due to RBI intervention
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Version 0.86 (2024-05-02 10:52:05.876000)
updates: Indian rupee declines against US dollar due to import demands and US economic speculations
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Version 0.84 (2024-04-30 10:53:33.848000)
updates: The Indian rupee closed three paise stronger at Rs 83.44 against the dollar
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Version 0.83 (2024-04-30 05:54:58.580000)
updates: Updates on the rupee's performance against the US dollar and Asian peers
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Version 0.82 (2024-04-30 05:51:36.599000)
updates: Indian rupee depreciates by 3 paise to 83.48 against US dollar
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Version 0.81 (2024-04-30 04:53:22.998000)
updates: Updated information on the rupee's depreciation against the US dollar
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Version 0.8 (2024-04-29 04:52:13.066000)
updates: Updates on rupee depreciation against the US dollar
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Version 0.79 (2024-04-26 04:53:59.376000)
updates: Indian rupee opens stronger against the US dollar
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Version 0.76 (2024-04-25 07:53:30.485000)
updates: Integration of USD/INR recovery and US GDP data
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Version 0.75 (2024-04-25 05:53:36.464000)
updates: Indian rupee depreciates against the U.S. dollar
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Version 0.74 (2024-04-25 04:52:30.313000)
updates: Updated information on rupee performance, US GDP focus
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Version 0.73 (2024-04-25 03:53:33.625000)
updates: Indian Rupee faces challenges amid uptick in U.S. Treasury Yields and Asian market losses
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Version 0.72 (2024-04-24 07:39:07.637000)
updates: Updates on USD/INR recovery, US Dollar, and hawkish Fed stance
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Version 0.71 (2024-04-24 03:19:33.210000)
updates: The Indian rupee is expected to open marginally higher on Wednesday, with an anticipated opening around 83.31-83.32 against the U.S. dollar. Asian currencies, including the Korean won, recorded gains ranging from 0.1% to 0.6%, contributing to the rupee's rise. However, hedging demand from importers could limit the rupee's upward momentum. The dollar index declined nearly 0.4% on Tuesday to 105.63 and may find support around the 105 mark. Investors will closely monitor U.S. advanced GDP figures and PCE inflation data for insights into the Federal Reserve's future monetary policy decisions. The rupee's performance will be influenced by global economic trends, importer activity, and U.S. economic data.
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Version 0.7 (2024-04-23 07:21:03.145000)
updates: Indian rupee remains largely unchanged in UAE as traders await economic data
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Version 0.69 (2024-04-23 04:20:23.626000)
updates: The story now includes information about importers eyeing the rupee's mini-recovery and the subsiding expectations of Federal Reserve rate cuts
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Version 0.68 (2024-04-22 12:24:03.314000)
updates: Updated information on the factors contributing to the rupee's appreciation
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Version 0.67 (2024-04-22 06:22:19.068000)
updates: Updated information on the Indian rupee's appreciation against the US dollar
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Version 0.66 (2024-04-16 22:23:30.957000)
updates: Added information on foreign investor outflows and impact of geopolitical tensions on rupee
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Version 0.65 (2024-04-16 17:22:33.236000)
updates: The Indian rupee's record low, concerns about the Federal Reserve delaying interest rate cuts, US Dollar Index trading higher, US retail sales rise
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Version 0.64 (2024-04-16 07:20:24.901000)
updates: RBI intervention to stabilize the rupee's decline
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Version 0.63 (2024-04-16 06:19:21.657000)
updates: Rupee hits record low, RBI intervenes to stabilize decline
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Version 0.62 (2024-04-16 03:19:42.182000)
updates: Updates on rupee's expected depreciation and risk aversion
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Version 0.61 (2024-04-07 07:19:19.355000)
updates: Updated information on rupee depreciation, geopolitical tensions, and FII outflows
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Version 0.6 (2024-04-05 06:20:36.623000)
updates: Indian rupee avoids record low, central bank intervention expected
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Version 0.58 (2024-03-28 05:18:40.028000)
updates: Updated information on rupee's performance in early trade
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Version 0.57 (2024-03-27 06:24:19.512000)
updates: Indian rupee faces pressure from weaker yuan
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Version 0.56 (2024-03-27 06:20:12.681000)
updates: Indian rupee weakens slightly as Asian peers fall
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Version 0.55 (2024-03-27 03:17:24.563000)
updates: The rupee may face some pressure from the weaker yuan
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Version 0.52 (2024-03-25 08:23:09.571000)
updates: Inclusion of information about the Russian rouble and Moscow attack
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Version 0.51 (2024-03-22 13:19:23.089000)
updates: Indian rupee slips to a three-month low against the US dollar
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Version 0.5 (2024-03-22 12:19:42.789000)
updates: Indian rupee hits record low against US dollar
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Version 0.49 (2024-03-22 05:20:49.768000)
updates: Indian rupee hits over three-month low against US dollar
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Version 0.48 (2024-03-22 03:24:07.537000)
updates: The rupee is expected to open weaker on Friday due to robust US economic data and weaker Chinese yuan
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Version 0.47 (2024-03-22 03:18:37.191000)
updates: The Indian rupee is expected to open weaker due to the stronger US dollar and weaker offshore Chinese yuan. Non-deliverable forwards indicate the rupee will open around 83.20-83.25 to the US dollar. The dollar index rose 0.7% on Thursday after positive US economic data. Dollar demand from local corporates and debt repayment outflows have been putting pressure on the rupee. Asian currencies weakened, with the Korean won and offshore Chinese yuan experiencing significant losses. The rupee is likely to trade between 83.10 and 83.30. Investors will be watching for remarks from Fed Chair Jerome Powell and other Fed speakers. Foreign investors sold a net $269.9 million worth of Indian shares on March 20, but bought a net $259.8 million worth of Indian bonds on the same day.
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Version 0.46 (2024-03-19 16:24:32.100000)
updates: Indian rupee faces decline against US dollar amidst heavy selloff in equities
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Version 0.45 (2024-03-18 13:18:55.183000)
updates: Updates on Indian rupee's continued outperformance and growth in foreign exchange and gold reserves
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Version 0.44 (2024-03-01 09:19:31.742000)
updates: Indian rupee emerges as Asia's best-performing currency in 2024
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Version 0.43 (2024-03-01 06:20:05.845000)
updates: Updates on rupee appreciation, positive market sentiment, and dollar sales by foreign banks
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Version 0.42 (2024-02-29 15:25:44.124000)
updates: Rupee appreciation against the US dollar, Weak greenback, Lower crude oil prices, Equity markets, Domestic GDP data, Dollar demand, US GDP growth estimate, Macroeconomic data, India's economic growth, Infrastructure sector growth, Fiscal deficit, Foreign institutional investors
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Version 0.41 (2024-02-28 12:22:11.502000)
updates: Rupee falls as domestic equities drop, Anticipation of US GDP data
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Version 0.4 (2024-02-28 11:24:55.167000)
updates: Inclusion of the rupee's decline against the dollar on February 28
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Version 0.39 (2024-02-28 05:18:59.067000)
updates: Rupee holds steady against the dollar on February 28, 2024
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Version 0.38 (2024-02-23 11:19:56.384000)
updates: Updates on the stability of the Indian rupee against the US dollar amid market flows
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Version 0.37 (2024-02-19 05:17:04.087000)
updates: Updates on the stability of the Indian rupee against the US dollar amid global economic uncertainty
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Version 0.36 (2024-02-19 05:16:46.830000)
updates: ICICI Direct sets target of 82.90 for USDINR on February 19, 2024
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Version 0.35 (2024-02-12 06:23:57.990000)
updates: Rupee appreciates slightly against dollar in interbank market
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Version 0.34 (2024-02-09 04:13:21.820000)
updates: New information about the RBI monetary policy decision and market expectations
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Version 0.33 (2024-02-08 16:17:33.507000)
updates: Rupee settles flat after RBI keeps key policy rate unchanged
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Version 0.32 (2024-02-07 07:20:13.210000)
updates: Updated information on the dollar-rupee exchange rate in the interbank market
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Version 0.31 (2024-02-07 07:19:51.260000)
updates: Added information about the stability of the dollar in the interbank market and the recovery of business confidence
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Version 0.29 (2024-02-07 05:16:38.142000)
updates: Rupee appreciation, positive domestic equities, impact of hawkish Federal Reserve and global tensions
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Version 0.28 (2024-02-06 11:18:29.373000)
updates: Rupee depreciation, intra-day low, monetary policy committee, repo rate
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Version 0.27 (2024-02-05 16:17:04.447000)
updates: Rupee depreciation, equity markets, crude oil prices
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Version 0.26 (2024-02-05 11:17:06.657000)
updates: Rupee falls 8 paise to settle at 83.06 against US dollar
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Version 0.25 (2024-02-05 07:17:59.723000)
updates: Indian rupee falls 4 paise against UAE dirham in early trade
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Version 0.23 (2024-02-02 09:28:43.718000)
updates: Updates on the rupee's performance and expectations
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Version 0.22 (2024-01-31 15:42:39.056000)
updates: The Indian rupee appreciated 6 paise against the US dollar
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Version 0.21 (2024-01-31 03:26:44.348000)
updates: The Indian rupee is expected to decline slightly at open on Wednesday, weighed by a rise in the U.S. dollar after robust U.S. labour market data made it less likely the Federal Reserve will cut interest rates in March.
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Version 0.2 (2024-01-30 04:27:04.387000)
updates: Updated information on the Indian rupee's opening against the US dollar
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Version 0.19 (2024-01-25 04:53:59.179000)
updates: The Indian rupee opened little changed against the U.S. dollar on Thursday at Rs 83.13, according to Bloomberg data. It closed at Rs 83.12 on Wednesday. Traders are closely watching the release of key US economic data and the FOMC meeting on Jan 31. Kunal Sodhani, vice president of Shinhan Bank, expects the US PMI beats to take center stage as rate cut hopes wither further. Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP, expects the rupee to remain range-bound before the major US data of GDP and PCE prices and the FOMC meeting on 31st. Inflows are good enough to counter RBI/oil buying of the dollar.
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Version 0.18 (2024-01-24 04:54:15.319000)
updates: Updated information on rupee's initial trade and selling pressure from foreign investors
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Version 0.17 (2024-01-24 03:53:43.772000)
updates: Rupee stability amidst awaited economic data and central bank meetings
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Version 0.16 (2024-01-23 15:55:53.404000)
updates: Rupee depreciates due to foreign fund outflows and weak domestic equities
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Version 0.15 (2024-01-23 06:00:27.393000)
updates: Indian rupee expected to weaken due to receding rate cut expectations
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Version 0.14 (2024-01-23 05:54:40.514000)
updates: Indian rupee weakens amid moderation in Fed rate cut hopes
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Version 0.13 (2024-01-18 11:00:22.660000)
updates: Updates on the Indian rupee's performance and factors affecting it
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Version 0.12 (2024-01-09 07:23:51.656000)
updates: Indian rupee inches up tracking Asian peers, forward premiums rise
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Version 0.11 (2024-01-08 03:22:19.280000)
updates: Indian rupee expected to open higher influenced by positive performance of Asian currencies and weak US services data
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Version 0.1 (2024-01-05 11:25:19.034000)
updates: Updates on the rupee's performance and dollar inflows
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Version 0.09 (2024-01-03 07:17:42.137000)
updates: Indian rupee remained stable despite Asian currencies weakening
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Version 0.08 (2023-11-22 05:02:40.408000)
updates: Indian rupee remains stable as local demand for US dollar persists
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Version 0.07 (2023-11-20 05:23:00.971000)
updates: Updated with information on the rupee's slight weakening against the US dollar due to strong demand from domestic firms
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Version 0.06 (2023-11-16 04:46:04.928000)
updates: Rupee falls against US dollar in early trade
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Version 0.04 (2023-11-10 09:30:08.928000)
updates: The original story focused on the rupee falling to an all-time low, while the new story highlights the rupee's strengths and challenges amidst surging growth.
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Version 0.03 (2023-11-10 07:39:16.742000)
updates: Restructured the content for clarity and impact
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Version 0.02 (2023-11-08 13:28:44.781000)
updates: Restructured the content for clarity and impact
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Version 0.01 (2023-11-08 05:25:52.063000)
updates: Restructured and enhanced the narrative for clarity and impact
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