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 15 PAISE AGAINST THE US DOLLAR

Highlights:

• The rupee fell by 15 paise on Tuesday against the US dollar and stood at 75.88.
• The equity benchmark index Bombay Stock Exchange (BSE) Sensex traded over 500 points which are down at 31,044.
• The Indian currency fell by 19 paise ...

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.

DOLLAR FIRMS AMID THE RISING US-CHINA TENSIONS

Highlights:

• The US dollar stood at 99.377, up by 0.3%, against the basket of six currencies.
• EUR/USD experienced a slump of 0.4% and stood at 1.0938, GBP/USD fell by 0.3% and stood at 1.2462, while USD/JPY dropped by 0.1% to 106.81.
• The cru...

DOLLAR SLUMP AFTER THE FEDERAL RESERVE RATE CUT

Highlights:

• The US Federal Reserve cut has cut the interest rate to a target range of 0% to 0.25%.
• The US Federal Reserve will expand its balance sheet by $700 billion in the weeks to come.
• The pressure is on the central banks to take effec...

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...

FOREX MARKET: A LUCRATIVE INVESTMENT OPPORTUNITY

Highlights:

• One of the best online platforms for trading is a foreign exchange market or Forex.
• Its highly liquid nature makes it favorite among the investors.
• The Internet has provided a tool to trade across the foreign exchange market eas...

DOLLAR REMAINS STABLE AMID CORONAVIRUS FEARS

Highlights:

• The dollar remained strong amid the spreading of coronavirus.
• Euro slumps after the European Central Bank cut the interest rates.
• The Federal Reserve has announced to provide $1.5 trillion in short term liquidity to provide stab...

RUPEE SLUMPS TO RECORD LOW

Highlights:

• The rupee fell to a record low and settled at 74.48 against the American Dollar.
• The rupee entered the trading market with a fall of 17 paise from the previous session closing.
• USDINR is expected to be in the range of 74.20 and ...

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...