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Rupee opened on a flat note against the US Dollar in the early morning amid mixed sentiments in the market. On one hand, negativity in the domestic equity market is weighing down on Rupee while positive sentiments in the market after Coronavirus patients got cured in India is supporting the Domestic currency. Foreign Institutional Investors allegedly sold stocks worth of Rs 374.06 crore on Monday. The US 10- year bond is trading at...
In the previous week, Rupee settled on a negative note after global rating agency Moody’s slashed India’s credit ratings from Stable to Negative due to the ongoing economic slowdown and future prospects. The Agency said, “Moody’s decision to change the outlook to negative reflects increasing risks that economic growth will remain materially lower than in the past, partly reflecting lower government and policy effectiveness at...
The rupee tumbled down in the early morning session against all other currencies ahead of RBI’s Monetary Policy Committee. Currency traders are advised to trade cautiously as Rupee is standing at a crucial level, we can expect high volatility. Technical outlook: (August 2019) USDINR Support is 70.80 Resistance is 71.20. Break and sustain above 71.20 will take it to 71.60---72.00 mark else could touch its support...
In the previous session, Rupee edged up by 31 paise against the greenback as the Indian equity market recovered. Easing prices of Crude and stability in the Indian equity market is supporting the domestic currency. Indian investors are now keeping an eye on Exit poll on May’19. Foreign Institutional Investors are also getting indulged in selling as they reportedly, sold ₹953.23 Crore worth of shares on Thursday. Technical outlook:...
In the previous session, Rupee tumbled down by 28 paisa against the greenback due to trade tensions in the global market. The freshly initiated trade worries between US and China as US has threatened to raise tariff from China on the remaining goods which is bringing negative sentiments to the market. Falling equity market and rise in the prices of Crude also have failed to limit the fall in Indian Rupee. Foreign Institutional Investors...
In the previous session, Rupee edged up by 9 paisa and closed at 69.47 against the US Dollar due to fall in Crude prices. Continuous Foreign fund inflow, positive opening of domestic market and easing prices of Crude may restrict the fall in Indian Rupee. Foreign Institutional Investors reportedly, bought 114.59 Crores worth of shares on net basis from the Indian Capital market, on Tuesday. Technical outlook: (May 2019)...
