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Firm strength in dollar offsets gains in INR made from positive equities and easing oil prices
The Indian rupee depreciated 34 paise to close at 94.67 (provisional) against the US dollar on Monday, weighed down by the strength of the American currency in the overseas market. Rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the Middle East peace deal and a firm dollar pulled it the other way. The Indian stock market, which snapped a five-day winning streak on Friday, rebounded and closed higher on Monday, lifted by gains in technology, healthcare and oil sectors. The mood in the market remained positive amid reports of progress in US-Iran peace talks. Additionally, weak oil prices eased concerns about inflation. The benchmark BSE Sensex closed up by 291.17 points or 0.38% at 77,094.07 after scaling a low of 77,160.67 and a high of 77,325.56 intraday. At the interbank foreign exchange market, the rupee opened at 94.42, registering a decline of 9 paise from its previous close. In intraday trade, ...
Sterling at near three-month lows after PM resigns; dollar steady - Investing.com India
Sterling at near three-month lows after PM resigns; dollar steadyInvesting.com India
Rupee Falls 34 Paise To Close At 94.67 Against US Dollar Amid Firm Greenback
At the end of Monday's trading session, the USD/INR was quoted at 94.67 (provisional), lower by 34 paise over its previous close.
'Indian financial firms to tap $1.5 billion overseas bonds this week'
India's top private lender, HDFC Bank, sold $750 million of five-year dollar bonds last week at a spread of about 90 basis points over US Treasuries
MCX gold remains under pressure, MCX silver gains on fresh buying
Gold and silver prices stay volatile as MCX gold weakens below key supports, investors track US policy, dollar moves, and West Asia geopolitical tensions.
Dollar index holds firmly above 100 mark; US PCE data in focus
Dollar index is holding firmly above 100 mark for the third consecutive session on Monday assessing geo-political situation in Middle East. As per media reports, US President Donald Trump over the weekend threatened strikes on Iran if Hezbollah keeps attacking Israel, raising concerns about progress for peace talks between Washington and Tehran. Markets now look ahead to the weeks release of the US PCE price index, the Federal Reserves preferred measure of inflation after Fed left rates unchanged last week. At the time of writing, DXY which measures the greenback against a basket of currencies was quoting slightly higher at 100.73, its highest level in more than a year. Among basket currencies, EURUSD and GBPUSD were both trading marginally lower at $1.1493 and $1.3202 respectively.
Zinc Drops As US-Iran Peace Talks Stall And Dollar Hits One-Year Peak Mark By Kedia Advisory - Investing.com India
Zinc Drops As US-Iran Peace Talks Stall And Dollar Hits One-Year Peak Mark By Kedia AdvisoryInvesting.com India
Silver Falls As Stronger Dollar And Tight Policy Bets Weigh On Demand Trends Now By Kedia Advisory - Investing.com India
Silver Falls As Stronger Dollar And Tight Policy Bets Weigh On Demand Trends Now By Kedia AdvisoryInvesting.com India
INR seen under pressure as DXY stays upbeat ahead of US data
The Indian rupee came under pressure in opening trades on Monday as dollar index remains firmly above 100 mark assessing geo-political situation in Middle East. As per media reports, US President Donald Trump over the weekend threatened strikes on Iran if Hezbollah keeps attacking Israel, raising concerns about progress for peace talks between Washington and Tehran. Markets now look ahead to the weeks release of the US PCE price index, the Federal Reserves preferred measure of inflation after Fed left rates unchanged last week. Meanwhile, INR opened at Rs 94.42 per dollar and slipped to a low of 94.48 so far during the day. On Friday, the counter ended at 94.33. Easing crude oil price from multi-year highs are however lending some support to the counter. Local equities in positive zone are also supporting rupee to some extent.
Indian markets open higher; Rupee falls 9 paise, now at 94.42 against US dollar - The Indian Express
Indian markets open higher; Rupee falls 9 paise, now at 94.42 against US dollarThe Indian Express
Rupee edges lower against dollar amid mixed global cues
Indian rupee opens slightly weaker at 94.36 against US dollar as softer crude and easing US Iran tensions lift sentiment, outlook seen cautiously supportive.
L&T share price could rise another 15% as new growth engines take shape, CLSA says
CLSA highlighted the key differentiators of L&T's strategy that could yield the next multi-billion dollar businesses, which include largely addressable markets, IP-led growth, focus on high-margin products and globally competitive businesses.