Receiving longer tenor, therefore, looks a good proposition considering the steepness of the curve. Near-end is likely to remain anchored on account of abundant Rupee liquidity in the banking system
The rupee appreciated 14 paise to 73.25 against the American currency in early trade on Monday tracking weak US dollar and sustained foreign fund inflows into the domestic equity market
Central bank seems to have briefly withdrawn from intervening in spot currency markets, even as it continued with its forwards markets intervention
The rupee appreciated 7 paise to 74.26 against the US dollar in early trade on Wednesday supported by foreign fund inflows and optimism surrounding trade the deal between the US and China
The rupee surged 15 paise to 74.17 against the US dollar in opening trade on Tuesday tracking positive domestic equities and weak American currency
The rupee slid 5 paise to trade at 74.89 against the US dollar in opening deals on Monday due to rise in demand for the American currency from banks and importers
India's policymakers have been increasingly concerned about the growing heft of the rupee trades in venues overseas, and GIFT City as the hub is known, seeks to fill that gap
ICICI Bank Ltd., Axis Bank Ltd. and mortgage lender HDFC Ltd. have raised a combined Rs 350 billion ($4.7 billion) this month
During the session, it had witnessed an intra-day high of 74.77 and a low of 74.96 against the greenback
There is a negative divergence in RSI_14 on Crude oil's daily scale
The central bank is parking these accumulated dollars in the forwards markets, which is improving liquidity for now at the cost of demand of dollar for a future date
However, the country could lose the currency edge if the monetary units of its competitors also decline, as in the case of Brazil, Indonesia and Turkey
The rupee settled 7 paise higher at 75.58 against the US dollar on Monday supported by weak American currency and easing crude prices even as the equity market was trading in the negative territory.
Investors rushed to safe-haven bet US dollar due to market uncertainty after oil prices slumped into negative territory in US markets
The rupee did not react much to the measures announced since this was more towards a short-term liquidity measure which the markets had expected from the RBI.
The rally is under threat only when gold breaks 44,500
Gold is trading near all time high and some pullback is expected. Instead of chasing prices at a higher level, we recommend to buy on dips near 44,300.
If you are able to satisfy the Customs that you had valid reasons to do so, there may be no adverse implications
A slump in demand saw Brent crude prices drop 66 per cent to an 18-year low to below $22 a barrel during the year
Forex markets will remain shut on April 1 for the annual closing of banks and on April 2 on account of Ram Navami.