ICICI Direct, The Euro depreciated by 0.32% yesterday on a strong dollar. Further, the Euro slipped as rising geopolitical tensions and economic headwinds is posing biggest threat to global economic growth.
Sell EURINR; target of : 81.35 : ICICI Direct
Indian rupee surges 20 paise against US dollar in early trade
Besides, a weak American currency against its global rivals also helped the domestic unit, forex traders said. However, rising concerns over higher interest rates and weakness in global economic growth kept the appreciation bias in check, they added.
Buy USDINR; target of : 77.90 : ICICI Direct
ICICI Direct, The US dollar advanced amid risk aversion in global markets and hawkish statements from Fed officials.
Indian rupee slumps 52 paise to all-time low of 77.42 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 77.17 against the American dollar, then lost ground to quote at 77.42, registering a fall of 52 paise from the last close.
Rupee slips to record low of 77.28 against dollar
At 9.10am, the home currency was trading at 77.28 a dollar, down 0.48% from its previous close of 76.93. The currency opened at 77.06 and touched a low of 77.31 a dollar. Last time, the Rupee hit a low of 79.98 on 7 March 2022.
Indian rupee slumps 38 paise to 76.73 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 76.61 against the American dollar, then lost ground to quote at 76.73, registering a fall of 29 paise from the last close.
Sell EURINR; target of : 80.70 : ICICI Direct
ICICI Direct, The Euro depreciated by 0.76% yesterday majorly on the back of strong dollar and risk aversion in the domestic markets.
Indian rupee surges 29 paise to 76.11 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 76.17 against the American dollar, then gained further ground to quote at 76.11, registering a rise of 29 paise from the last close.
Sell USDINR; target of : 76.20 : ICICI Direct
ICICI Direct, The US dollar declined on retreat in US treasury yields and rise in risk appetite in the domestic markets.
Indian rupee surges 8 paise to 76.40 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 76.46 against the American dollar, then gained further ground to quote at 76.40, registering a rise of 8 paise from the last close.