Rupee recovery against U.S. dollar and market analysis

Version 0.75 (2024-12-20 11:49:43.414000)

updates: Rupee recovers from all-time low; market dynamics shift

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Version 0.74 (2024-11-13 07:42:32.956000)

updates: Rupee's decline linked to Trump 2.0 expectations

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Version 0.73 (2024-11-13 05:42:50.949000)

updates: Rupee hits record low; inflation and FII outflows cited

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Version 0.72 (2024-11-13 04:42:26.680000)

updates: Rupee shows slight recovery; Fed rate cut expectations shift

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Version 0.71 (2024-11-12 07:47:00.916000)

updates: Incorporated recent data on foreign outflows and dollar index

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Version 0.7 (2024-11-12 05:48:04.187000)

updates: Rupee hits new low; dollar index rises.

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Version 0.69 (2024-11-11 05:48:32.934000)

updates: Rupee hits all-time low; foreign outflows continue.

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Version 0.68 (2024-11-08 12:44:14.433000)

updates: Rupee hits record low of 84.37 against dollar

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Version 0.67 (2024-11-07 09:55:43.558000)

updates: Rupee hits record low; dollar strengthens post-election

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Version 0.66 (2024-11-07 04:48:28.919000)

updates: Rupee hits record low post-Trump election results

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Version 0.65 (2024-11-04 09:47:01.222000)

updates: Rupee shows stability amid US election volatility

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Version 0.64 (2024-10-29 23:42:54.970000)

updates: Integration of geopolitical and economic factors affecting the rupee

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Version 0.63 (2024-10-28 16:53:32.678000)

updates: Rupee hits record low; RBI intervenes

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Version 0.62 (2024-10-23 06:55:17.573000)

updates: Rupee remains near all-time low amid rising yields

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Version 0.61 (2024-10-22 04:42:58.212000)

updates: Rupee remains flat, predictions for future stability

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Version 0.6 (2024-10-17 08:34:59.709000)

updates: Rupee strengthens slightly; trade deficit narrows

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Version 0.59 (2024-10-17 05:36:21.466000)

updates: Rupee shows slight appreciation; trade deficit narrows

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Version 0.58 (2024-10-17 04:38:19.309000)

updates: Rupee opens at 84.02; foreign funds continue to sell

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Version 0.57 (2024-10-13 05:36:59.560000)

updates: Rupee hits historic low; foreign investment outflows increase

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Version 0.56 (2024-10-11 06:45:42.519000)

updates: Rupee hits record low; oil prices and outflows impact

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Version 0.55 (2024-07-04 02:56:00.491000)

updates: USD/INR loses traction amid weaker US data

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Version 0.54 (2024-07-03 02:55:44.483000)

updates: Updates on the Indian Rupee's gains and the focus on Services PMI data

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Version 0.53 (2024-07-01 09:58:14.898000)

updates: Updates on USD/INR momentum and key US data

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Version 0.52 (2024-07-01 02:58:25.556000)

updates: Updates on the Indian Rupee's strength and factors affecting it

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Version 0.51 (2024-06-26 03:56:12.421000)

updates: The INR received support from expectations of foreign inflows

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Version 0.5 (2024-06-25 04:54:28.708000)

updates: The Indian Rupee gains traction on Tuesday, supported by the softer US Dollar across the board [7772a818]. The significant inflows related to the inclusion of Indian bonds in the JPMorgan emerging market debt index could support the INR [7772a818]. However, the upside of the Indian Rupee might be limited by a decline in major Asian currencies like the Chinese Yuan and the Japanese Yen [7772a818]. Additionally, the rise in crude oil prices amid the hope for strong summer driving demand could weigh on the INR as India is the world's third-largest oil consumer after the US and China [7772a818].

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Version 0.49 (2024-06-18 01:54:00.290000)

updates: USD/INR weakens ahead of US Retail Sales data

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Version 0.48 (2024-06-10 09:57:36.739000)

updates: USD/INR trading flat, rupee absorbing pressure from strong USD [99aa7580]

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Version 0.47 (2024-06-10 03:52:43.829000)

updates: USD/INR holds steady despite rebound of USD

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Version 0.46 (2024-06-07 02:57:13.850000)

updates: Updates on RBI rate decision and US Nonfarm Payrolls

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Version 0.45 (2024-05-31 03:56:17.231000)

updates: Indian Rupee weakens as USD/INR gains ground ahead of Indian GDP and US PCE data

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Version 0.44 (2024-05-30 03:52:40.430000)

updates: Updates on the decline of the Indian Rupee and the bullish turn of the USD/INR pair

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Version 0.43 (2024-05-03 03:52:10.456000)

updates: Updates on Indian Rupee's momentum and technical analysis of USD/INR

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Version 0.42 (2024-05-02 08:54:34.507000)

updates: Updates on USDINR decline and soft US macroeconomic data

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Version 0.41 (2024-04-30 01:54:33.781000)

updates: Motilal Oswal expects Dollar Index to trade positively ahead of Fed meeting

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Version 0.4 (2024-04-29 14:54:47.795000)

updates: Integration of new information about the US Dollar's outlook and upcoming economic reports

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Version 0.39 (2024-04-24 15:54:34.432000)

updates: Updates on recent economic indicators and short-term outlook for the US Dollar

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Version 0.38 (2024-04-24 10:54:13.155000)

updates: US Dollar recovers from PMI-related losses

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Version 0.37 (2024-04-23 16:19:32.432000)

updates: The US Dollar weakened following disappointing S&P PMI figures

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Version 0.36 (2024-04-23 15:21:00.285000)

updates: US Dollar Index declines following bearish PMI data, traders expect short-term strength

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Version 0.35 (2024-04-23 08:20:32.943000)

updates: Updates on EUR/USD, GBP/USD, and DXY movements

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Version 0.34 (2024-04-22 10:19:10.242000)

updates: Integration of information about the upcoming US GDP release and its potential impact on the Dollar Index

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Version 0.33 (2024-04-12 05:20:51.687000)

updates: Update on forex market movements, gold hitting record high, and upcoming UK GDP data

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Version 0.32 (2024-04-11 07:21:13.307000)

updates: The British Pound is vulnerable to weakness against the Dollar

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Version 0.31 (2024-03-13 13:34:58.387000)

updates: Euro strengthens due to investor sentiment on central bank rate cuts; UK economy returns to growth; Gold prices rebound; Oil prices rise due to geopolitical tensions and strong demand

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Version 0.3 (2024-03-06 14:21:21.828000)

updates: Eurozone private sector data, German exports, European Central Bank's monetary policy decision, UK PMI data, strong corporate earnings, gold prices, oil prices, attack on shipping near Yemen

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Version 0.29 (2024-02-22 13:30:12.593000)

updates: Euro strengthens against dollar, pound gains strength due to upbeat UK PMI data

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Version 0.28 (2024-02-20 10:16:54.004000)

updates: Dollar drifts lower; euro edges higher ahead of key wages data

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Version 0.27 (2024-02-09 14:19:12.015000)

updates: Sterling dips against dollar, Gold falls, Oil rises by 3% on rejection of the Gaza truce

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Version 0.26 (2024-02-08 13:17:56.860000)

updates: Euro dips against dollar, European shares inch higher, Gold steady, Oil prices climb following the rejection of a cease-fire in Gaza

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Version 0.25 (2024-02-08 00:14:10.948000)

updates: The US dollar slid further on Wednesday as it consolidated a bounce in recent days from surprisingly strong US economic data and pushback from Federal Reserve officials on market expectations of imminent interest rate cuts. Treasury yields, often a factor in the dollar’s strength when they draw foreign investment, also were lower. Analysts pointed to technical factors for the dollar’s pullback, following a two-day rally of as much as 1.4% against the euro after unexpectedly strong US jobs data, as well as more hawkish rhetoric from Federal Reserve Chair Jerome Powell, pummeled bets for a rate cut as soon as March. The dollar index slipped 0.11% to 104.01, just below its 100-day moving average of 104.20. The next major scheduled data release is the Consumer Price Index for January on Feb. 13 [47d05f62].

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Version 0.24 (2024-02-07 20:16:39.665000)

updates: The US dollar slid further as market awaits new data for direction

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Version 0.23 (2024-02-07 05:18:24.809000)

updates: Updates on the US dollar, interest rates, German factory orders, yen, and Canadian dollar

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Version 0.22 (2024-02-06 21:16:17.089000)

updates: Dollar slides as T-Note yields increase

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Version 0.21 (2024-02-06 00:19:10.401000)

updates: The US dollar reached an 11-week high as expectations for Federal Reserve rate cuts decreased. Wall Street closed lower after Federal Reserve Chair Jerome Powell pushed back against speculation of rate cuts. Oil prices rose due to concerns about escalating tensions in the Middle East and Russia's invasion of Ukraine.

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Version 0.2 (2024-02-05 16:15:01.536000)

updates: The US dollar continued to strengthen on the back of a robust US economy, fueled by the release of red-hot US jobs data. The strengthening US dollar has had an impact on the commodity and currency markets. Wall Street mostly moved higher, buoyed by the positive jobs data and strong earnings reports from tech giants Meta and Amazon. Oil prices fell amid concerns about demand.

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Version 0.19 (2024-02-04 03:12:07.678000)

updates: US dollar strengthens on robust jobs data

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Version 0.18 (2024-01-23 23:59:05.005000)

updates: The US dollar hits a six-week high, Wall Street ends mixed, gold gains, and oil prices edge up on contradictory signs on oil supply prospects. The Bank of Japan signals a possible exit from negative rates in April. US rate futures price in a 44% chance of a rate cut in March. The focus is on the European Central Bank (ECB) meeting, with the bank likely to keep rates steady. Economic data includes Canada's New Housing Price Index, US Richmond Manufacturing Index, US Richmond Manufacturing Shipments, EU Consumer Confidence, and US Richmond Services Index. Looking ahead, Japan's trade balance, imports, exports, and adjusted trade balance will be released. Australia's MI Leading Index, Japan's Manufacturing PMI, and Services PMI will also be reported.

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Version 0.17 (2024-01-20 03:52:37.586000)

updates: Updated information on Wall Street, gold, oil, and economic data

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Version 0.16 (2024-01-10 00:20:55.223000)

updates: Added information about inflation, Middle East tension, and Libyan supply disruption

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Version 0.15 (2024-01-05 09:21:54.729000)

updates: Added details on labor market data, stock market performance, and shipping concerns

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Version 0.14 (2024-01-05 00:25:26.152000)

updates: Updates on Wall Street, gold, oil, and nonfarm payrolls

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Version 0.13 (2024-01-04 17:29:53.924000)

updates: Dollar slips as investors await US nonfarm payrolls report

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Version 0.12 (2024-01-04 09:20:26.958000)

updates: ADP Employment Report signals steady job gains in December

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Version 0.11 (2023-12-08 11:50:22.509000)

updates: Includes information on Apple shifting iPhone production to India and Reserve Bank of India's policy repo rate decision

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Version 0.1 (2023-12-08 11:35:53.080000)

updates: Integrates information about stock futures, interest rates, and the impact of the jobs report on the Fed's decision

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Version 0.09 (2023-12-07 13:59:57.650000)

updates: Updated information on the flat futures and expectations for interest rates

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Version 0.08 (2023-12-07 13:06:29.854000)

updates: Updated information on futures, interest rate expectations, and Google's stock performance

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Version 0.07 (2023-12-07 12:06:08.087000)

updates: Updates on stock market futures and expectations for Fed rate cuts

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Version 0.06 (2023-11-03 12:30:38.255000)

updates: Incorporated analysis of the impact of a data point on the Fed's decision and India's growth rates

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Version 0.05 (2023-11-03 12:20:17.380000)

updates: Restructured and streamlined information for enhanced reading and comprehension

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Version 0.04 (2023-11-03 09:21:16.218000)

updates: Restructured and streamlined information for enhanced readability

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Version 0.03 (2023-11-03 08:20:26.995000)

updates: Restructured and streamlined information for enhanced reading

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Version 0.02 (2023-11-03 01:25:57.424000)