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Tags : "Indian rupee"

Even if Nasdaq blips, we will continue to uptrend till

Passive strategy has now controlled almost 60% of US equity assets while quant funds control another 20% and that is a staggering 80% of total combined that is being controlled by passive strategies, says Shiv Sehgal, Deputy CEO, Capital Markets, Edelweiss. What kind of signals are you getting as far as global markets are concerned? […]Read More

What’s behind rupee’s stellar rally against dollar? No, it’s not

MUMBAI: The rupee strengthened Monday to levels last seen before India enforced one of the world’s most comprehensive lockdowns early summer, but the central bank surprisingly didn’t step in to prevent the local unit’s climb on a day that reportedly saw lumpy dollar inflows. The rupee gained 0.70% to close at 74.32/$, its strongest level […]Read More

RBI’s June dollar purchases hit 4-year high

Mumbai: The Reserve Bank of India’s US dollar purchases in June was at a four-year high for any month. Economists said the central bank is building a war chest of reserves to prevent any adverse impact on the rupee amid the Covid-19 crisis. The central bank bought $14.8 billion from the spot currency market in […]Read More

Rupee opens 32 paise up at 75.03 against dollar

The rupee on Wednesday opened 32 paise higher at 75.03 against the US dollar after Prime Minister Narendra Modi on Tuesday asserted that the country will get back its economic growth. The ongoing recovery in the domestic equity market coupled with weak American dollar and foreign fund inflows also supported investor sentiments. “Market participants cheered […]Read More