ICICI Direct, The Euro appreciated by 0.27% yesterday amid weakness in dollar and rise in risk appetite in domestic markets.
Buy EURINR; target of : 81.75 : ICICI Direct
Magic prices warned of Indiaâs sticky inflation, so how did the RBI not notice?
Easy-to-remember retail prices are important to both budget-conscious consumers and brands. When a 10-rupee detergent starts selling for 12, policy makers are already looking at entrenched inflation.
Sell EURINR; target of : 80.45 : ICICI Direct
ICICI Direct, Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets.
Rupee near 78: Four ways a weak currency impacts the Indian economy
Banks, especially public sector lenders, that have actively raised money from offshore markets will find it costlier to service debt due to the currencyâs depreciation.
Rupee recovers from all-time low, settles 15 paise lower at 77.40 against US dollar
At the interbank forex market, the rupee opened steeply lower at 77.52 against the greenback and plunged to its all-time intra-day low of 77.63.
Indian rupee falls 30 paise to 77.55 against US dollar in early trade
Besides, persistent foreign fund outflows and elevated crude oil prices impacted the domestic unit, forex traders said.
Rupee hits fresh record low of 77.58 against US dollar
The currency opened at 77.56 a dollar and touched a fresh record low of 77.58 a dollar. At 9.30am, the domestic currency was trading at 77.57 a dollar, down 0.4 percent from its previous close
Sell GBPINR; target of : 95.00 : ICICI Direct
ICICI Direct, Pound depreciated by 0.59% yesterday amid strong dollar and as Bank of England signalled slowdown in its interest rate hiking cycle.
Rupee rises by 10 paise to close at 77.24 against US dollar
At the interbank forex market, the domestic unit opened at 77.24 against the US dollar.
Indian rupee surges 17 paise to 77.17 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 77.24 against the American dollar, then gained further ground to quote at 77.17, registering a rise of 17 paise from the last close. In initial deals the rupee also touched a low of 77.31 against the dollar.