Indian rupee bond traders will look forward to the central bank’s liquidity-management operation Tuesday. The rupee may fall against the dollar as oil prices climb to a seven-year high.
Rupee
Rupee And Bond Update – February 05, 2021
Rupee And Bond Update : The Indian rupee ended flat against the U.S. currency on Thursday ahead of the Monetary Policy Committee decision.
US Dollar Q1 2021 Forecast: Gold Silver Reports
In a year where sellers dominated the currency, it’s become increasingly difficult to expect anything different to happen. For Q1 of 2021, I’m looking for a continuation in the bearish backdrop that’s become so incredibly loud around the US Dollar.
Gold Price Slips as Traders Book Profit
Gold and silver prices saw profit booking in early hours of trade on Monday even as coronavirus cases in India mounted and a second wave of cases across the world worried the governments.
Reserve Bank of India likely Sold a Net $1.8 Billion
The Reserve Bank of India likely sold a net $1.8 billion in the two weeks ended April 10. That follows likely sales of $7.7 billion in the spot forex market last month, which made the authority a net seller for the first time in seven months.
Safe-Haven Currencies in Demand Amid U.S., Iran Tension
The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that the killing of Iran’s most prominent military commander by the United States could trigger a broader Middle East conflict.
India’s foreign Exchange Reserves Rose by $441 Million During The Week Ended
India’s foreign exchange reserves rose by $441 million during the week ended November 15, official data showed on Friday.
Indian Rupee opens Flat as Traders Await GDP Data
The Indian rupee on Monday was trading little changed against the US dollar as traders await gross domestic product (GDP) data and developments in US-China trade talks.
USD/CNY consolidates around 6.9050 Mark, People’s Bank of China sets Yuan mid-point at 6.8822
We prefer to take short position on USD/CNY only below 6.8976, stop loss 6.92 and target of 6.8525.
It made intraday high at 6.9087 and low at 6.8976 levels.
Gold Rate Today: Gold prices Edge Higher on Improved Spot Demand
Gold traded with mild gains in the futures market on Tuesday, taking support from improved demand by local jewellers at the spot market and rupee’s weakness against the US dollar.