Topics: Rupee

Business

Crosses rally on robust PMIs

Euro and Sterling rallied yesterday as France, Germany and UK manufacturing PMIs came in better than expected. Onshore, the USDINR spot moved lower yesterday to...
Business

White House trade advisor Navarro does a U-turn; so do markets

The US Dollar has weakened overnight. The anticipation of a second stimulus package is keeping the USD under pressure. While the EU is finding...
Business

Market Analysis by Abhishek Goenka: Global Risk sentiment holds positive

Overall global risk sentiment was positive heading into the weekend with China reaffirming its commitment to adhere to the one phase trade deal with...
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Business

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...
Business

Market Analysis: Dow ends above 23,000 mark for the first time in a month

The Dow gained 3.4% to close above the 23,000 mark for the first time in a month despite the US seeing the largest number...
Business

Market Analysis: Crude drops to 18-year lows

Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...
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Business

Market Analysis: Stocks rise, USD weakened after US Congress approves stimulus package

We witnessed an emphatic recovery in global equities in the past couple of days. The US parliament approved a USD 2tn stimulus package which...
Business

Market Analysis: Fed announces unlimited QE, corporate bond purchases

The US Dollar has weakened across the board after the Fed unleashed a slew of unprecedented measures. The Fed said it would buy an...
Business

Market Analysis by Abhishek Goenka: Why is rupee not depreciating till now despite USD strength?

The Rupee has been one of the better-performing currencies amid the extreme panic and turmoil we have witnessed in global markets. On previous occasions...
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