Investing in Currencies

Mumbai, Dec 6 (IANS) The rupee appreciated 5 paise to close at 83.32 against the US dollar on Wednesday as more foreign funds flowed into the Indian stock markets which have shot up to lifetime highs. However, funds flowing into the stock markets are considered "hot money" and can exit at short notice. Market analysts are, therefore, cautious on how much the rupee will gain ahead. Much will also depend on oil prices. The , which gauges the American currency's strength against a basket of six currencies, was also trading...

Investing.com -- Oil prices settled lower Tuesday, as a stronger dollar and fears about supply outstripping demand remain front and center, offsetting a potential supply risk from ongoing tensions in the Middle East.  By 14:30 ET (19.30 GMT), the futures settled 1% lower at $72.32 a barrel and the contract fell 1.1% to $77.20 a barrel. Fears of a potential escalation in the Israel-Hamas conflict came back into play after the U.S. held Iran responsible for an attack on U.S. vessels in the Red Sea by Houthi forces. But traders...