Search result for forex
As the forex crisis worsens, Sri Lanka declares an economic emergency leading to rise of food prices
Highlights
- A severe shortage of cooking gas, kerosene oil, and milk powder
- Economic emergency declared by Sri Lankan president Gotabaya Rajapaksa
Sri Lankan president Gotabaya Rajapaksa declared an economic emergency in the country a...
INDIA'S FOREX RESERVES RISE TO USD 589.465 BILLION
HIGHLIGHTS
- India's Forex Reserves have risen to US $ 589.465 billion.
- FCA of India have also increased.
- In the same period, the Gold Reserves of India also increased.
India's foreign exchange (Forex) reserves have ...
THE RUPEE SLUMPS BY 28 PAISE
Highlights:
- The rupee slumps by 28 paise and settled at 75.86 against the US dollar.
- In the last few trading sessions, the value of the Indian currency remained consolidated in the range of 75 and 76.
- The industrial produced contracted over...
RUPEE SURGE BY 10 PAISE AGAINST THE US DOLLAR
Highlights:
- The rupee surge by 10 paise and settle at 75.46 against the US dollar.
- The volatility of the Indian currency confined to a range as the market participants remained cautious about the announcement of the second tranche of the financial pro...
THE RUPEE SLUMPS BY 12 PAISE
Highlights:
- The rupee slumped by 12 paise and stood at 75.58 against the US dollar.
- The market sentiments were weighed after the announcement of the first tranche of the government’s economic package by the Finance Minister.
- The packa...
THE RUPEE SURGE BY 23 PAISE
Highlights:
- The rupee surge by 23 paise against the US dollar and settle at 75.29.
- The Indian currency boosted after the Indian Prime Minister announced Rs. 20 lakh crore stimulus package to revive the coronavirus hit on the economy.
- India&...
RUPEE SLUMPS BY 3 PAISE AGAINST US DOLLAR
Highlights:
- The rupee slumps by 3 paise and settled at 75.58 against the US dollar.
- The Indian government is planning to borrow Rs. 2 lakh crore in the financial year to March 2021 to cushion the damage done by the outbreak of coronavirus pandemic.
YEN AT RECOVERY TRAJECTORY, EURO FALLS
Highlights:
- The yen is at a three-year high against the euro while at a seven-week peak against the dollar.
- German High Court gave European Central Bank three months to justify purchases under its bond-buying program. This has an adverse effect on the...
RUPEE SLUMPS BY 10 PAISE
Highlights:
- The rupee slumps by 10 paise and settled at 75.73 against the US dollar.
- The Indian currency is consolidated in the range of 75.20 and 75.80 for the second successive session.
- The rupee, for today, is expected to be in the range...
DOLLAR SLUMPS, COMMODITY CURRENCIES SURGE
Highlights:
- The US dollar index, against the basket of six major currencies, slumped by 0.1% and stood at 99.51.
- EUR/USD jumps by 0.1% and stood at 1.0909, GBP/USD surge by 0.1%, and stood at 1.2458, and USD/JPY fell by 0.1% and stood at 106.66. ...
RUPEE SURGES BY 8 PAISE
Highlights:
- The rupee gained 8 paise and stood at 75.63 against the US dollar.
- The dollar index against the basket of six currencies, fell by 0.12 percent.
- Oil prices are rebounding after more countries are easing the lockdown.
RUPEE SLUMPS BY 17 PAISE
Highlights:
- The rupee slumps by 17 paise and settled at 74.08 against the greenback.
- The US Federal Reserve stated that it will elaborate its balance sheet by at least $700 billion in the weeks to come.
- The Federal Reserve has cut the inter...
RBI INTRODUCES USD/RS SELL-BUY SWAPS AS RUPEE HIT AN ALL-TIME LOW
Highlights:
- The rupee fell to 74.48 in intraday trading
- RBI calms market with the buy-sell swap offer
- The swap will be conducted through auctions
- The first batch of tranches will be auctioned in March for $2
DO’S AND DON’Ts OF FOREX TRADING
Highlights:
- Forex Trading is the biggest market in terms of everyday activity. Daily $5trillion has been traded.
- It is important to understand the market before entering it.
- Virtually anyone can trade and compete in the Forex trading market...
RUPEE SLUMP BY 64 PAISE
Highlights:
- The Rupee opened at 64 paise down and settled at 74.28 against the US dollar.
- World Health Organisation (WHO) has declared Coronavirus as a “Pandemic.”
- The government has suspended all tourist visas from March ...
RUPEE FELL BY 26 PAISE
Highlights:
- The rupee slumped by 26 paise and settled at 74.06 against the US dollar.
- The crude oil price slumped by more than 20 percent.
- USDINR pair is expected to be in the range of 74.20 and 74.70.
On Monday, the rupee...
DOLLAR EXPECTED TO SLUMP FURTHER
Highlights:
- The interest rate cuts by the US Federal Reserve has fueled the worries over coronavirus.
- The Federal Reserve has cut the interest rates by 50 basis points on Tuesday.
- The US dollar index is expected to fall further against the ...
EURO REMAINS STABLE
Highlights:
- Euro jumped and settled at $1.1185 overnight.
- The dollar index remained six-week low against the basket of six currencies.
- The Japanese yen is steady at 108.26 per dollar.
On Tuesday, the dollar remained stable...
RUPEE IS UP BY 15 PAISE
Highlights:
- The rupee has gained 15 paise and settled at 71.85.
- Most Asian currencies are experiencing a slump due to coronavirus.
- The USDINR pair is expected to be in the range of 71.70 and 72.05.
Today, the rupee entered...
RUPEE SLUMPED TO 1-MONTH LOW
Highlights:
- The rupee fell by 10 paise to a 1-month low and settled at 71.64 against the U.S. dollar.
- The 10-year government bond yield was at 6.42 percent.
- Brent crude oil futures fell by 0.20 percent and is trading at $59.00 per barrel.