archiveIndia

Indian Rupee strengthens in Tuesday’s Asian session.Optimism over US-India trade talks and steady foreign portfolio investment inflows into equities support the INR. Investors await the US April Consumer Confidence and March JOLTS Job Openings report, which are due later on Tuesday. The Indian Rupee (INR) extends its upside on Tuesday after logging its best day in more than two weeks in the previous session. The positive developments surrounding US-India trade talks provide some support to the local currency. US Treasury Secretary Scott Bessent said on Monday that many top trading partners of...

Indian Rupee gains ground in Monday’s early European session. Rising foreign inflows and lower crude oil prices support the INR. Concerns over geopolitical tensions between India and Pakistan might cap the Indian Rupee’s upside. The Indian Rupee (INR) gathers strength on Monday. Foreign Portfolio Investors (FPIs) continue to buy Indian equities for the seventh consecutive day. This, in turn, could boost the local currency against the Greenback in the near term. Furthermore, the decline in Crude oil prices contribute to the INR’s upside, as India is the third largest consumer of crude oil...

Indian Rupee steadies in Monday’s Asian session. Concerns over geopolitical tensions between India and Pakistan weigh on the Indian Rupee. Rising foreign inflows and lower crude oil prices might help limit the INR’s losses. The Indian Rupee (INR) flat lines on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might drag the Indian currency lower. The ceasefire violation along the Line of Control (LoC) came days after the Pahalgam terror attack, which killed 26 people, mostly tourists, in the Baisaran valley near Pahalgam, Jammu and Kashmir. On the other...

Mumbai: India's forex reserves jumped $ 8.31 billion to $ 686.145 billion for the week ended April 18 led by dollar buying by the Reserve Bank of India (RBI), valuation gains due to an increase in gold prices and revaluation of other currencies other than the dollar.According to the data released in the RBI Weekly Bulletin on Friday, forex reserves are now at a six-month high and about $19 billion away from the record high of $705 billion at the end of September 2024.“Gold valuation rose by $4.58 billion, while...

The Indian Rupee furthers its upward move in Friday’s Asian session.Positive developments in the trade talks and continued foreign inflows support the INR. Escalating geopolitical tensions after the Kashmir attack might cap the pair’s upside. The Indian Rupee (INR) strengthens on Friday. The optimism surrounding US-India trade talks provides some support to the Indian currency. Currently, the 26% reciprocal tariff on India that the US imposed is on a 90-day pause. The suspension will expire on July 8. However, India does face a 10% tariff as other nations per the US trade...

Gold prices fell in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 9,166.56 Indian Rupees (INR) per gram, down compared with the INR 9,053.70 it cost on Wednesday. The price for Gold decreased to INR 106,916.50 per tola from INR 105,600.60 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,166.56 10 Grams 91,665.22 Tola 106,916.50 Troy Ounce -1.00   Daily Digest Market Movers: Gold price attracts safe-haven flows amid persistent trade uncertainties US Treasury Secretary Scott Bessent denied...

Gold prices fell in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 9,163.75 Indian Rupees (INR) per gram, down compared with the INR 9,272.21 it cost on Tuesday. The price for Gold decreased to INR 106,883.00 per tola from INR 108,148.30 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,163.75 10 Grams 91,636.47 Tola 106,883.00 Troy Ounce 285,027.20   Daily Digest Market Movers: Gold price bulls remain on the defensive amid hopes for a US-China trade deal US...

Gold prices returned to the green zone in India on Eaaster Monday, tracking the renewed record-setting rally in its Comex counterpart. The relentless US Dollar (USD) sell-off remains the primary reason for the buying resurgence in the USD-denominated Gold price on Comex. The USD remains heavy against its major currency rivals due to increased risks to US Federal Reserve's (Fed) independence and mounting recession fears, fuelled by the US-China trade war escalation.  Gold price edges up to 9,280.92 Indian Rupees (INR) per gram, as of writing, following Friday's close of...

India’s forex reserves rose by $1.5 billion to $677.8 billion for the week ended April 11. This marked the sixth consecutive weekly increase, reflecting that India’s economy remains robust despite turbulent timesread moreOn Friday, the Reserve Bank of India (RBI) said that the country’s forex reserves increased by $1.5 billion to $677.8 billion for the week ended April 11.This is the sixth consecutive week the Indian forex has seen a jump. The overall reserves jumped by $10.8 billion to $676.2 billion in the previous reporting week ended April 4.It is...

The Indian Rupee gathers strength in Wednesday’s early European session.  The softer US Dollar and lower crude oil prices continue to underpin the INR.  The US March Retail Sales report and speech by Fed Chair Powell will be the highlights later on Wednesday.  The Indian Rupee (INR) trades in positive territory for the fifth consecutive day on Wednesday. The weakening of the US Dollar (USD) and the extended decline in crude oil prices eased the Indian currency’s losses. It’s worth noting that India is the world's third-largest oil consumer, and...