NSE USD INR (Technical): NSE USDINR Aug as seen in the weekly chart above has opened the week gap up at 83.0050 levels. Same day of the week price corrected and made weekly low of 82.98 levels. Later on, price could not able to sustain on lower levels, it has rallied sharply and made a weekly …
USDINR: In the holiday shortened last week, the Indian Rupee raded in a range bound manner with a slight weaker bias on account of opportunistic dollar buying by importers and banks at lower levels. Apart from this, India’s retail inflation in July’23 soared to 7.44% from Q1’s average of 4.6% (April to June), exceeding the monthly …
Gold: Extending a cut from the previous week, gold prices breached the $1900 per ounce mark, hitting its lowest point since June end and concluding below the same. This drop was triggered by rising 10-year U.S. Treasury yields, reaching a 10-month high and making them more appealing than non-interest bearing gold. Download Report
NSE USD INR (Technical): NSE USDINR Aug as seen in the weekly chart above has opened the week gap up at 82.7750 levels. Same day of the week price rallied and made weekly high of 82.95 levels. Later on, price could not able to sustain on higher levels, it has corrected sharply and made a weekly …
USDINR: In the initial few days of the last week, the Indian Rupee traded with a stronger bias on account of huge influx of IPO related funds into the system. The Reserve Bank of India has possibly been selling dollars to prevent the rupee from weakening below what is regarded a highly important level. Download Report
NSE USD INR (Technical): NSE USDINR Aug as seen in the weekly chart above has opened the week gap up at 82.29 level. Same day of the week price corrected and made weekly low of 82.2825 levels. Later on, price could not able to sustain on lower levels, it has rallied sharply and made a weekly …
Gold: After weeks of posting marginal gains, gold prices in the recently concluded week ended with over 1 percent cut, giving up all of the gains. The precious metal began strong, enjoying a 2.1% gain in July, supported by central banks’ cautious monetary stances and improved European economic growth. Download Report
USDINR: Last week, the Indian Rupee weakened by 0.72 percent pressured by the dollar’s move higher versus its major peers and Asian currencies. Apparently, the ratings agency Fitch cut the U.S. credit rating from AAA to AA+, citing “expected fiscal deterioration over the next three years.” Download Report
USDINR: Last week, the Indian Rupee traded with a stronger bias mostly on account of huge influx of funds into the system. The US Dollar Index too was into the bearish territory which further supported the Indian currency. Download Report
USDINR: Last week, the Indian Rupee weakened by 0.37 percent on account of opportunistic dollar buying by importers and banks prior to the US FOMC Policy that was supposed to be released later in the day. Download Report
