Asian currencies
Reasons For The Rupee’s Fall – Gold Silver Reports
Reasons for the rupee’s fall
Global crude oil prices have been on a steady ascent, straining India’s finances. In October, brent crude oil prices breached the $85-per-barrel level for the first time in over four years. There are concerns that the $100-level may not be too far.
Forex Upate : USD-INR Next Target $78 Need Pateince – Neal Bhai Reports
Forex Upate : USD-INR Next Target $78 Need Pateince – Neal Bhai Reports
Remember My Ultimate Target USD/INR Target $74 Almost Hit. I Told you Above 71.15 Ultimate Target 74$ Boom Boom
Money Market Heads Up: Rupee Seen Weakening In Line With Asian Currencies
Gold Silver Reports (GSR) – Money Market Heads Up: Rupee Seen Weakening In Line With Asian Currencies – The rupee may start trading lower in line with other emerging Asian currencies, while bond traders will be focusing on a sale of Rs 15,000 crore of Treasury bills by the central government.
India’s Forex Reserves Fall for the 4th Week in a Row
Gold Silver Reports (GSR) – India’s Forex Reserves Fall for the 4th Week in a Row — India’s foreign exchange (forex) reserves on Friday recorded a weekly fall for the fourth time in a row at a time when rupee has been under pressure against the dollar. The Reserve Bank of India (RBI) data showed forex reserves fell $1.2 billion on-week to $417.7 billion as on 11 May.
Market Players will be Watching out for Inflation and Industrial Production
Gold Silver Reports (GSR) – Market players will be watching out for inflation and industrial production data today which due at about 5:30 pm. Retail inflation is seen at 4.10 percent in March versus 4.44 percent in February, while February factory output data is expected at 6.8 percent versus 7.5 percent in January.