USD/INR Price News: Indian Rupee slides to 82.20 with eys on RBI Interest Rate Decision, US NFP – by anilpanchal7 USDINR CentralBanks RiskAversion Oil Fed
) pair justifies the US Dollar’s corrective bounce amid the Indian holiday and a sluggish trading session of the day. prints mild gains around 102.20 after falling the most since March 22 the previous day. With this, the greenback’s gauge versus the six major currencies rebound from the one-week low amid inactive markets.
On the same line could be the firmer Oil price, which in turn weighs on the INR due to India’s heavy reliance on energy imports and higher Current Account Deficit . That said,crude oil rose nearly 7.0% to $81.00 the previous day, up 0.85% intraday to $80.85 by the press time. While portraying the mood, the S&P 500 Futures struggle for clear directions after Wall Street closed mixed whereas the US 10-year and two-year Treasury bond yields remain inactive around 3.42% and 3.98%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/INR Price Analysis: Indian Rupee sellers need validation from 82.55USD/INR prints the biggest daily gains in more than two weeks as it rises to 82.45 during early Monday. In doing so, the Indian Rupee (INR) pair justi
Read more »
USD/INR: Rupee unlikely to appreciate significantly this year – ANZThe Rupee could remain rangebound, tied to global risk mood swings and the RBI’s intervention, economists at ANZ Bank report. Lower oil prices and nar
Read more »
INDIA RUPEE Rupee falls on oil concerns, but doesn't weaken past support levelThe Indian rupee dropped against the U.S. dollar on Monday following an output cut by OPEC+, while managing to remain above a near-term support level.
Read more »
Fragile calm prevails in Indian states after days of religious clashesScores arrested as large-scale clashes between Hindus and Muslims in Bihar, West Bengal, Maharashtra, and Gujarat states, leave two people dead, many wounded and properties burned or looted.
Read more »
Indian opposition leader will avoid prison during appealsAn Indian court on Monday suspended a two-year prison sentence for Indian opposition leader Rahul Gandhi as he appeals a criminal conviction for mocking the prime minister’s surname that saw him expelled from Parliament, dealing a huge blow to his Congress Party ahead of general elections next year. Gandhi, a fierce critic of Prime Minister Narendra Modi and his main challenger in the 2024 polls, was ousted after a court sentenced him to two years in prison for defamation for a comment made in a 2019 election speech. The prosecution was widely condemned by opponents of Modi as the latest assaults against democracy and free speech by a ruling government seeking to crush dissent.
Read more »
In a first, India's space agency uses helicopter to launch autonomous lander'The dream of an Indian Reusable Launch Vehicle is one step closer to reality,' the Indian Space Research Organisation said in a statement.
Read more »