Forex

Lack of any major data could keep the currency flat during the day

Strong fund inflows into capital markets lifts domestic currency

For the week ended May 21, boosted by gold and currency assets, the reserve was at USD 592.894 billion.

The rupee will retain bullish bias and could advance to 72.30 again in the coming week

The domestic currency fell due to concerns of higher import bills following higher crude prices

‘FPI flows, combined with no action from the RBI, could strengthen the rupee’

Rate hikes may never happen at all, says Mike Riddell of Allianz Global Investors

It had appreciated 51 paise during the last three trading sessions.

Dollar awaits inflation data for next move

US yields rose overnight, the benchmark 10-year Treasury yield was up 1.7 basis points

Year-to-date, the Indian currency has gained about 0.4 per cent against the dollar

The domestic currency rose on the back of dollar weakness amid decline in US treasury yields

A slew of IPOs could see investors converting dollars into rupees, which could lift the rupee further

Takes cues from uptrend in domestic equities and dollar weakness in overseas market

‘The world was, is and will remain awash with cheap dollars’

Volatile domestic equities, weak Asian currencies and stronger dollar will weigh on rupee; but anticipated dollar inflows and improving India Covid situation could cap the depreciation: Reliance Securities

A discussion on reducing the pace of asset purchases would be appropriate “at some point” if the economic recovery continues to gain momentum, said some policymakers

The risk sentiment has weakened on concerns over the new virus strain in the Asia Pacific region

The past month performance of the Indian currency has been good

Monetary policy outlook key to dollar’s direction; China’s policy moves unsettle cryptocurrencies

Dollar index drops lower

Indian unit weighed down by strong dollar

Coronavirus outbreaks in Singapore and Taiwan, combined with easing commodity prices, saw the dollar marking modest gains

Stronger dollar against other Asian currencies weighs on sentiment