FOREX NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

Rupee tumbles 35 paise against US dollar  -   20/02/2018 12:32
T he Indian rupee plunged 35 paise against greenback on Tuesday due to strong dollar demand by importers and banks, while fund outflows by foreign investors also weighed on local currency movement. The trader sentiment was also spooked by rise in global crude prices and widening trade deficit. At the Interbank Foreign Exchange Market, the local currency was trading at 64.65 per dollar, down 35 paise, aga...
Rupee trades higher on sustained dollar selling  -   16/02/2018 12:19
T he Indian Rupee extended rally against the greenback for the fourth straight session on Friday due to muted dollar demand by exporters and banks as well as fund inflows by foreign institutional investors. The investor also cheered the RBI’s comment that it would inject adequate additional liquidity to provide flexibility to the banking system in its liquidity management towards March-end. At t...
Rupee trades higher against greenback ahead of macro data  -   12/02/2018 15:19
T he Indian Rupee was trading higher against the greenback on Monday due to muted dollar demand by exporters and banks as well as fund inflows by foreign institutional investors. The investor also eyed Consumer Price Index (CPI) and Index of Industrial Production (IIP) data due today, which may set future direction for rupee movement. At the Interbank Foreign Exchange Market, the local currency was tradin...
Rupee down 7 paise against greenback on Fed rate hike fear  -   09/02/2018 12:35
T he Indian rupee was trading lower against greenback on Friday due to shoot up in dollar demand by exporters and banks, while fund outflows by foreign investors also weighed on local currency movement. The trader sentiment was also spooked by the fears of interest rates hike by the US Federal Reserve. At the Interbank Foreign Exchange Market, the local currency was trading at 64.46 per dollar, down 7 pa...
Rupee ends lower against greenback as RBI holds rates  -   07/02/2018 17:20
T he Indian rupee ended lower against greenback on Wednesday due to sustained dollar demand by exporters and banks, while fund outflows by foreign investors also weighed on local currency movement. Early today, the rupee gained as much as 20 paise against the US dollar ahead of RBI monetary policy, but soon pared its gain and slipped into negative terrain. The trader sentiment was also spooked after the Rese...
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