FOREX NEWS

Headlines:

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

Rupee edges lower against US dollar on weak macro data  -   13/12/2017 14:46
T he Indian Rupee was trading marginally lower against the US dollar on Wednesday due to spurt in American currency demand by banks and importers and sustained outflows by foreign portfolio investors. The market sentiment was dented by weaker-than-expected macro-economic data as CPI-based retail inflation jumped to a 15-month high of 4.88 per cent in November which could put pressure on it to raise policy r...
Rupee trades lower against greenback ahead of key macro data  -   12/12/2017 15:03
T he Indian Rupee was trading lower against the US dollar on Tuesday due to spurt in American currency demand by banks and importers and sustained outflows by foreign portfolio investors. The investors also remained wary ahead of the release of the IIP data for October and consumer price index (CPI) for November today. At the Interbank Foreign Exchange Market, the local currency was down by 08 paise at 64...
Rupee gains 10 paise up at 64.46 against dollar  -   11/12/2017 12:20
T he Indian Rupee extended rally against the US dollar on Monday due to weak dollar demand by exporters and banks, while weakness against other currencies overseas also supported the local currency's upmove. The market sentiment got a boost after opinion polls predicted a win for Modi led Bharatiya Janata Party in Gujarat state assembly elections. At the Interbank Foreign Exchange Market, the local c...
Rupee trades higher at 64.57 against US dollar  -   08/12/2017 12:08
T he Indian Rupee was trading higher against the US dollar on Friday due to weak dollar demand by exporters and banks and sustained fund inflows. The market sentiment also got a boost after opinion polls predicted a win for Modi led Bharatiya Janata Party in Gujarat state assembly elections. At the Interbank Foreign Exchange Market, the local currency was trading 11 paise higher at 64.57 per dollar against...
Rupee down 2 paise as RBI raises inflation forecast  -   07/12/2017 12:10
T he Indian Rupee was trading lower against the US dollar on Thursday due to spurt in American currency demand by banks and importers and sustained outflows by foreign portfolio investors. The investor sentiments were dented after the RBI in its fifth bimonthly policy statement raised inflation estimates between 4.3-4.7 per cent in Q3 and Q4 of this year as compared to 4.2-4.6 per cent projected in the O...
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