Rupee gained as much as 0.1% to 82.7250 per dollar, the highest since September 4, but retreated from the high level amid likely intervention from the Reserve Bank of India (RBI), analysts said.
1 min read7 Mar 2024Analysts believe rupee to appreciate further and bond yields to extend decline on increased expectations of a credit rating upgrade as fiscal consolidation and lower borrowing costs suggest an improvement in the fiscal profile.
4 min read2 Feb 2024Global currency movements will be significantly influenced by geopolitical developments and decisions made by central banks, setting the stage for a potentially volatile year.
2 min read23 Jan 2024The US dollar index was steady, heading for its strongest weekly performance since July on scaled back expectations of steep and early interest rate cuts by the US Federal Reserve this year.
3 min read5 Jan 2024For the week, the currency declined 0.16%, its worst week since October 6, despite the dollar index appearing to be on course for a weekly loss, pressured by rising expectations of interest rate cuts in the United States.
1 min read22 Dec 2023The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05% lower at 102.36.
1 min read21 Dec 2023The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.07% higher at 102.24.
1 min read20 Dec 2023The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06% lower at 102.50.
1 min read19 Dec 2023The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05% lower at 102.50.
1 min read18 Dec 2023The drop in the greenback comes after the dovish rate pause delivered by the US Fed this week, signaling 75 basis points (bps) rate cuts for 2024, surprising markets.
3 min read15 Dec 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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