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Mar 13, 202311:03 AM
What is in the treasure for the rupee in FY-2024?
The Economic Times | Here comes the end of another rollercoaster year for the Indian Rupee, closing the Financial Year 2023 roughly by about 8% decline, the largest since COVID-induced FY 20. The local currency came under immense pressure after global commodities jumped multi-fold and gave a boost to already heated global inflation. With no
Mar 01, 202305:03 PM
USD-INR Pair | Here we explain the rational value — at 81 or 84!
CNBC TV18 | The rupee has been caged between 82.50-82.90 levels for the past three weeks. However, the month of March seems to get an awaited direction to the USD-INR pair. Going forward, a reversal in the US dollar index (DXY) from a crucial resistance of 105-105.50 zone could support positivity in emerging market currencies
Feb 22, 202303:02 PM
Inflation or disinflation – Where are dollar & rupee moving?
The Economic Times | Major central banks across developed economies concluded the year in December 2022 by chasing inflation by raising interest rates. However, this year, all three banks i.e US Fed, ECB, and BOE acknowledged that inflation was on the right path of decline, “disinflation”, which raised questions about further tightening. Well, the honeymoon
Jan 31, 202307:01 AM
Is rupee chasing a new alphabetical order?
The Economic Times | Markets A movement from 83 to 81 finally justified the rupee’s strength versus the dollar. After remaining deviated for more than a month, finally in the new year, rupee chased its peers and started taking cues from the weaker USD. Standing right at multi-days or a week or a couple of
Jan 15, 202310:01 AM
After a dramatic 2022, will 2023 have any mercy on the EUR and GBP?
Financial Express | The inflation in the US began to rise from the beginning of 2021 from 2% to peak at around 9.1% in June whereas the Fed began to rise rates in March 2022 from 0.25% to 4.5% up-till December 2022. Since the inflation began to fall sustainably from July 2022 and markets got
Jan 10, 202302:01 PM
2023: A year with rate hike, pause & cut?
The Economic Times | Markets C for CPI and C for central bank. Apart from having a common first letter in their word, a correlation lies between them. Let’s go through the last 3 year’s CPI direction, the central bank’s stance, and its impact on USD. 2020 – Lower CPI>>> Cut in central bank’s interest
Dec 28, 202207:12 AM
What is the rupee’s fair value & where is it headed?
The Economic Times | Markets Nobody had expected that December would remain an odd one out for the rupee as throughout the year it was seen either trading in line with its peers or outperforming. A move from 81.05 to 82.90 in December was little justified with OMC (Oil Marketing Companies) related dollar buying. This
Dec 04, 202210:12 AM
Inflation and trend drove 2022, what will drive FX markets in 2023, volatility?
As we come to the end of a sizzling-hot inflationary year, tides of rate hikes, and abnormal volatility, let’s rewind and glimpse through to peep what’s on the cards in 2023. After an 18-month bull trend in the dollar, the FX outlook has become hazy. Is the current positioning adjustment prompting short-term dollar weakness or
Oct 25, 202210:10 AM
View | Rupee might depreciate steadily towards 85 vs dollar in medium term
The Indian Rupee has been vulnerable to both domestic as well as global factors. On one side Current Account Deficit (CAD) and Balance of payment (BOP) are in bad shape and on the other, increasing marginal utility for USD has kept the local currency under pressure. Thus, sharp depreciation resulted in a quick change in
Oct 11, 202202:10 PM
Rupee may fall to 84 against USD in medium term on poor economic outlook, growth concerns, high oil prices
Indian Rupee’s journey, in 2022 from Best Median performer to worst performer among Asian currencies is just underway. The move could be erratic as the USD will have a free run over the INR as no resistance exists. Till the first half of 2022, The Rupee managed to limit its losses as the RBI continued