News
Tune in to get the latest news and updates on various sensitive global currency pair prices.
Rupee under pressure,
Rupee closed lower at 82.9125 per Dollar on Monday (18 March 2024), versus its previous close of 82.8725 per Dollar.Powered by Capital Market - Live News
INR Settles Lower Amid Firm Dollar Overseas,
The Indian rupee settled lower for the day, registering a decline of 4 paise to settle at 82.90 (provisional) against the US currency on Monday on firm crude oil prices although gains in domestic stock markets and foreign fund inflows capped the rupee`s losses. The benchmark S&P BSE Sensex picked up some momentum to end the session up 104.99 points, or 0.14 percent, at 72,748.42. The broader NSE Nifty index also recovered from an early slide to end up 32.35 points, or 0.15 percent, higher at 22,055.70. The local unit opened firm at 82.84 to a dollar at the interbank foreign exchange market and inched up to the day`s high of 82.83 in early deals. Dollar index holding firmly above 103 mark ahead of FOMC outcome this week following sticky US inflation levels as shown by recent data. Powered by Capital Market - Live News
Speculative Net Longs In Euro Edge Higher,
Large currency speculators net long positions in the Euro futures market edged slightly higher, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 74407 contracts in the data reported through March 12, 2024. This was a weekly rise of 8096 net contracts with net long position coming off its lowest level in over 16 months.Powered by Capital Market - Live News
Pound Speculative Net Longs Jump To Highest Level In 17 Years,
Large currency speculators in the Pound futures sharply increased their net long positions, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 70451 contracts in the data reported through March 12 2024. This was a weekly gain of 12156 net contracts and net position climbed to its highest level in 17 years.Powered by Capital Market - Live News
INR weakens near 82.90 per US dollar mark,
The Indian rupee is tilting slightly lower today against the US dollar but holds in an overall narrow band. Local equities are witnessing volatile moves and the US dollar index is holding just above 103 mark. Elevated international crude oil prices are also weighing on the local unit. The INR currently quotes at 82.89 per US dollar, down 3 paise on the day. INR has slipped after testing six month high recently but the losses have been limited. Rising forex reserves are likely to cap the weakness in INR. India`s foreign exchange reserves soared by $10.47 billion to $636.1 billion for the week ending on March 8, latest data by the Reserve Bank of India (RBI) showed on Friday. This is the biggest surge since the week ended July 14, 2023. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) increased by $8.12 billion to $562.35 billion.Powered by Capital Market - Live News
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