Dollar continues to rule

US Dollar   The Dollar climbed to a four-year high against a basket of currencies and hit a two-year high against the Euro on Tuesday after Eurozone inflation fell in September, putting the greenback on track for its biggest quarterly gain in six years. The Dollar Index, which measures the currency against a basket of…

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Will Rupee break the band?

The Indian rupee marginally weakened on Thursday , last trading session of august month, ahead of key indicators including economic growth data due on Friday, retreating against the dollar for a third consecutive month due to a flare-up of global geopolitical risk events. Although foreign investors have remained buyers of Indian shares and bonds through…

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USDINR – Rise could spook the markets

The USDINR after forming a bottom near the 58-58.50 zone started rising steadily and given a breakout out of a falling wedge on the weekly chart of USDINR. A falling wedge has a bullish implication and as per Thomas Bulkowski it has a 70% strike rate. Although lower time frame charts suggest that the rise…

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Rupee favoring Bulls or Bears

Indian rupee completed its biggest monthly fall since August 2013 on concerns of higher global oil prices spurring inflation and widening the trade deficit. The currency lost 0.5 percent this quarter on concerns of a potential drop in farm output because of inadequate rainfall; Furthermore, the bigger worry was that it would stoke price pressures.…

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Will rupee continue its bull trend?

Rupee Stability   India’s current account deficit (CAD), foreign fund inflows into the country and the amount of forex reserves it holds are among several factors that influence rupee stability. CAD or trade deficit occurs when a nation’s payments to other countries exceed the amount it receives. The Indian economy is heavily dependent on imports,…

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Rupee gaining back its strength

The Indian rupee rose for a second consecutive session on Wednesday, boosted by large dollar sales by exporters, but gains were capped by caution ahead of the U.S. Federal Reserve’s policy meeting this week and as shares fell to 2-1/2 week lows.   The currency fell 0.7 percent in April after having hit an eight-month…

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INR continues its winning streak against USD

The Indian rupee (INR) posted its biggest quarterly gain since the September quarter of 2012, as heavy foreign buying of equities and debt boosted the local unit. The upward momentum of INR now means that the currency is on track to register its best quarterly performance since 2012. Further, this shows that INR has successfully…

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Currency: Where are we heading?

The INR had seen a wide range of low of 44 against the USD in July 2011 and a high 68 against the USD in August 2013. Currently, it has cooled off a bit and is quoted at Rs. 60. What could have caused such a huge move? A widening fiscal deficit and balance of…

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