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The Indian Rupee gains further to near 85.80 against the US Dollar amid a positive market mood.Oil prices are likely to fall further if Israel and Iran keep to the truce.Fed’s Powell reiterates that the central bank needs more clarity on tariffs before reducing interest rates.The Indian Rupee (INR) extends winning streak against the US Dollar (USD) for fourth trading day on Wednesday, posts a fresh weekly high around 85.80. The USD/INR pair slides further as the Indian currency strengthens on expectations that the Oil price could decline further, following...

The Indian Rupee slumps to near 86.85 at open against the US Dollar as rising crude prices have battered the former.Iran threatens to close the Strait of Hormuz following the US attack on Tehran’s nuclear facilities.Fed’s Waller supports reducing interest rates in the July policy meeting.The Indian Rupee (INR) opens on a bearish note against the US Dollar (USD) and jumps to near 86.85 at the start of the week. Investors were bracing for a significant negative opening of the USD/INR pair, following the risk-off market sentiment and a sharp...

The Indian Rupee ticks higher after sliding to near 86.20 against the US Dollar.Tehran threatens to close the Strait of Hormuz to disrupt the Oil supply chain.Investors expect the Fed to leave interest rates steady on Wednesday.The Indian Rupee (INR) surrenders early losses after posting a fresh two-month low near 86.20 against the US Dollar (USD) and ticks up to near 86.00 during European trading hours on Monday. The USD/INR pair faces pressure as the US Dollar (USD) falls back, with the US Dollar Index (DXY) retreating to near 98.00...

Indian Rupee recovers in Monday’s early European session. Stronger GDP data from India supports the INR, but higher oil prices and RBI rate cut bets might cap its upside.  Traders await the US May ISM Manufacturing PMI data later on Monday ahead of the RBI rate decision. The Indian Rupee (INR) rebounds on Monday, snapping the four-day losing streak. The upbeat India’s Q1 Gross Domestic Product (GDP) report boosts equities and lifts the local currency both via portfolio inflows and sentiment.Nonetheless, a rise in crude oil prices might drag the Indian currency lower....

Indian Rupee recovers in Monday’s early European session. Stronger GDP data from India supports the INR, but higher oil prices and RBI rate cut bets might cap its upside.  Traders await the US May ISM Manufacturing PMI data later on Monday ahead of the RBI rate decision. The Indian Rupee (INR) rebounds on Monday, snapping the four-day losing streak. The upbeat India’s Q1 Gross Domestic Product (GDP) report boosts equities and lifts the local currency both via portfolio inflows and sentiment.Nonetheless, a rise in crude oil prices might drag the Indian currency lower....