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BASIX FOREX
Rupee, stocks plunge on concerns of fiscal slippage"It's all negative for the rupee on both the internal and external fronts," said KN Dey, director at Basix Forex, which advises companies o...- Forex reserves marginally up at $29.29 billion on October 26Foreign exchange reserves rose by a mere $55.6 mn to $296.291 bn in the week ended Oct 26, as overseas investors withdrew more money from t...
- Rupee to trade at around 54.80: Srinivasan MV, Senior consultant, Basix Forex & Financial SolutionsSome amount of dollar weakness can be seen this week. It may help the rupee to trade at a little high of around 54.80.
- Rupee falls 1.2 per cent on GAAR concerns, dollar demand from importersThe rupee fell 1.23% to 51.40 a dollar on concerns over the likely impact of a tax proposal on foreign funds and strong month-end dollar de...
- Rupee seen in 49.20-50.25 band: KN Dey, Basix ForexThe Dec IIP numbers, its lowest since mid-2009, were also disappointing. This week, the rupee is likely to trade between 49.20 and 50.25.
- Rupee to trade in 52.50-53.25 range: KN Dey, Director, Basix Forex AdvisoriesWith major global financial centres on holidays during this week, the domestic forex markets are likely to be driven by commercial demand a...
- Rupee dips to near 9-month low on dollar outflowsRupee weakened in early trade to levels not seen in nearly nine-months due to bunched up dollar outflows.Rupee was at 46.08/09 per dollar.
- Rupee expected to stay at 45.70-46.30 levelDebates about double-dip recession, euro zone banking woes and US economic problems triggered the recent selloff in global equities.
- Rupee hits 12-week low, near-term volatility seenThe rupee is likely to remain volatile in the near-term as fears about FIIs pulling out of local stocks will keep investors on tenterhooks.
- Currency market: Diesel, LPG price hike may dent sentimentIn the domestic markets, the recent hike in diesel prices, kerosene prices and cooking gas is likely to dent the sentiment.
- FIIs, forex borrowers send forex premiums to 7-month highThe price of the dollar in the forward market has risen to a seven-month high on the back of demand from companies with forex liabilities, ...
- Rupee seen at 46.55-46.80 today: Basix Forex & Financial SolutionsThe rupee may remain in the 46.55-46.80 range on Monday but could strengthen from Tuesday.
- Rupee gains muscle on dollar shortselling in NDF mktWith hedge funds shortselling the dollar and traders cashing in on the price difference between dollar-rupee contracts quoted in the local ...
- Rupee snaps two-day fallSnapping a two-day fall the rupee strengthened on Wednesday, on upswing in Asian stocks. This is despite other major currencies marginally ...
- Rupee gains on equity rebound; bonds dipThe rupee climbed to two-and-a-half-month high of 49.28 against the dollar on Thursday on the back of gains in local stocks and weakness in...
- Rupee trading near lowest for the dayThe rupee is trading near its low for the day, dropping for the first time in four days on speculation of increased dollar demand from impo...
- Rupee trading weak despite positive signsThe rupee is trading weak despite staging a recovery of sorts on back of strength in other Asian currencies and gains in the stock market.
- Rupee drops; bonds under pressureThe rupee fell beyond the 49 mark on Tuesday morning on back of dollar strength in the global currency markets and a downswing in Asian sto...
- Rupee continues to be under pressureThe rupee continues to be under pressure although it has appreciated to 48.98 level against the dollar – up 15 paisa from Wednesday's close.
- Asian currencies hit back, strengthen against dollarReversing the trend witnessed in the first half of 2008, Asian currencies have started strengthening against the dollar since early July.
Load More- Rupee falls 1.2 per cent on GAAR concerns, dollar demand from importers
