Monday, 31 December 2018

Rupee Opens Higher At 69.78 Per US Dollar; 10-Year Bond Yield Falls To 7.37%

The rupee gained further strength and opened 15 paise higher at 69.78 per US dollar from the previous close. On the other hand, in the bond markets, the 10-year government yield started at 7.37% against a previous close of 7.39%. The rupee rose 40 paise to finish at an over one-week high of 69.95 per US dollar on strong dollar buying by exporters and banks amid weakness of US currency overseas. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Friday, 28 December 2018

Rupee Rebounds To Open 30 Paise Higher At 70.05 Per US Dollar

The Indian rupee opened higher at 70.05 against the US dollar, an appreciation of 30 paise in the currency market from its previous close of 70.35 per US dollar. On Thursday, the domestic currency plunged 29 paise to close at 70.35 against the US dollar amid strengthening of the US currency despite crude oil prices easing. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Thursday, 27 December 2018

Rupee Weakens 16 Paise To 70.24 Per US Dollar In Early Morning Trade

The Indian rupee on Thursday weakened marginally against the US dollar and opened 13 paise lower to 70.20 per dollar, due to an overnight surge of about 8% in the crude oil prices and strengthened dollar against major global currencies. The domestic currency was trading at 70.24 per US dollar, down 16 paise after touching a low of 70.31 per US dollar and a low of 70.20 per US dollar from the Wednesday’s close of 70.08 per US dollar, according to data available with Bloomberg. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Wednesday, 26 December 2018

US Dollar Slips To 4-Month Low Vs Yen Amid Turmoil In Washington

The dollar fell against the safe-haven yen and Swiss franc on Tuesday as investors cut their exposure to riskier assets amid the partial U.S. government shutdown and signs of confrontation between the White House and the Federal Reserve.
The yen also hit a 16-month high against the British pound, trading at 139.90 yen and a four-month high against the euro, at 125.60 yen. The Swiss franc rose 0.2 percent against the dollar to a 12-week high of 0.98355 to the dollar, extending its 0.9 percent rise on Monday, its biggest daily gain in 11 months. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Monday, 24 December 2018

Rupee Opens Flat At 70.18 Per Dollar

The Indian rupee opened flat at 70.18 per dollar on Monday against Friday's close 70.15. 
Rupee in the last few sessions has been strengthening against the US dollar but as the holiday week starts volatility in case of the rupee could start to move lower. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Thursday, 20 December 2018

Asian Shares Pull Back After Fed’s Signals For More Rate Hikes

Asian shares retreated on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next year, dashing investor hopes for a more dovish policy outlook. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.34 percent, with Australian shares dropping as much as 0.65 percent to two-year lows. Japan’s Nikkei shed 0.8 percent to nine-month lows. In New York, U.S. S&P 500 Index lost 1.54 percent to hit its lowest level since September 2017.
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 19 December 2018

After A Solid Opening, Rupee Extends Gains Past 70/$

The Indian rupee, on Wednesday, opened over 34 paise higher against the US dollar at 70.10 per US dollar. Falling crude oil prices is aiding the rally on the Indian currency.
The currency further gained strength as it passed 70 per US dollar mark. It touched an intraday low of 69.89 per US dollar. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 18 December 2018

Rupee Opens 22 Paise Up Ahead Of Fed Monetary Policy Decision

Rupee opened 22 paise higher against the US dollar in the early trade on Tuesday ahead of Federal Reserve monetary policy decision. The domestic currency opened at 71.33 a dollar versus the previous close of 71.55 versus the greenback. The 10-year government bond yield stood at 7.426 per cent from the last close of 7.46 per cent. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 17 December 2018

Rupee Rises Marginally Against Dollar

The Indian rupee on Monday strengthened marginally against the US dollar after India’s trade deficit narrowed from a month ago due to sharp fall in gold imports. The home currency was trading at 71.84 a dollar, up 0.08% from its Friday’s close of 71.90. The currency opened at 71.85 a dollar. The benchmark Sensex Index rose 0.34% or 120.79 points to 36,083.72 points. Year to date, it has rose 5.6%. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 12 December 2018

Rupee Falls 32 Paise To 72.17 Against US Dollar In Early Trade

The Indian rupee Wednesday plunged 32 paise to 72.17 per US dollar in early trade on the forex market after the appointment of former bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India. Das Tuesday was named the new governor of the Reserve Bank of India after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 11 December 2018

Rupee Nosedives After Urjit Patel’s Resignation As RBI Governor

The Indian rupee registered a huge loss as it slumped nearly Rs 1.10 paise against the US dollar in the early morning trade today, following the RBI Governor Urjit Patel’s shocking exit on Monday evening. The rupee on Tuesday opened at Rs 72.43 per US dollar and was trading at Rs 72.25 against the US dollar, after falling to Rs 72.44 at day’s low. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 10 December 2018

Sensex Slumps 650 Points, Nifty Breaches 10,500 As Exit Polls Predict Close Race

Weak global markets and uncertainty over the outcome of state election results sent Indian markets sharply lower today. The Sensex slumped 650 points to 35,016 while Nifty breached 10,500 levels, down 1.7%. Exit poll results indicate a tight race between BJP and Congress in Madhya Pradesh and Chhattisgarh and an edge for the Congress in Rajasthan. The election results for five states Rajasthan, Telangana, Madhya Pradesh, Mizoram and Chhattisgarh will be announced tomorrow. The rupee fell sharply today to 71.23 a dollar as compared to Friday’s close of 70.82. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 27 November 2018

WallStreet Rallies As Cyber Monday Shoppers Log On

The Dow Jones Industrial Average rose 354.29 points, or 1.46 percent, to 24,640.24, the S&P 500 gained 40.89 points, or 1.55 percent, to 2,673.45 and the Nasdaq Composite added 142.87 points, or 2.06 percent, to 7,081.85.
Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 26 November 2018

Rupee Opens Higher By 21 Paise At 70.46 Per Dollar

The Indian rupee gained in the early trade on Monday. It opened higher by 21 paise at 70.46 per dollar versus 70.67 Thursday. There is a major support of USDINR at 69.40 and it will respect this level and bounce back to the levels of 71.80 and 72.56. INR has under performed most of its EM peers in the last six months. This underperformance can be attributed to a concoction of worsening global and domestic factors. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 21 November 2018

Asia Stocks Drop, Oil Stymied As Growth Woes Grip Global Markets

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.55 percent. Australian stocks lost 1 percent and Japan’s Nikkei fell 1.3 percent. Asian stocks fell on Wednesday, weighed by a renewed bout of selling on wallstreet, and crude oil struggled after a sharp slide as economic growth concerns gripped global markets. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 20 November 2018

Nifty Slips Below 10,700, Sensex Falls Over 200 Pts

Benchmark indices are under pressure in the afternoon trade as Nifty slipped below 10,700 level and Sensex shed more than 200 points.
The Sensex is down 232.98 points at 35541.90, while Nifty is down 81.40 points at 10,682. About 826 shares have advanced, 1505 shares declined, and 129 shares are unchanged. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 19 November 2018

Rupee Trades Lower Against Dollar

The Indian rupee was trading marginally weaker against US dollar as traders avoided taking long positions ahead of Reserve Bank of India’s key board meeting due later on Monday. The rupee was trading at 72 a dollar, down 0.11% from its Friday’s close of 71.93. The currency opened at 71.93 a dollar. The 10-year government bond yield stood at 7.82% from its previous close of 7.816%. So far this year, the rupee has declined 11.2%, while foreign investors have sold $5.30 billion and $7.72 billion in the equity and debt markets, respectively. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 16 November 2018

Nifty, Sensex Hit More Than Four-Week High On Energy, Bank Boost

Indian shares rose to their highest in over four weeks on Friday and were headed for their third straight weekly gain, boosted by a surge in top financial and energy stocks. The broader NSE Nifty rose as much as 0.7 percent, and the benchmark BSE Sensex climbed 0.8 percent, their highest level since Oct. 17. The NSE Nifty was up 0.35 percent at 10,653.85 by 0607 GMT, while the BSE Sensex rose 0.36 percent to 35,388.33. The indexes are set to finish the week about 0.8 percent higher. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wall Street Climbs On Hopes Of Easing Trade Tensions

The Dow Jones Industrial Average rose 208.77 points, or 0.83 percent, to 25,289.27 and the Nasdaq Composite added 122.64 points, or 1.72 percent, to 7,259.03. US stocks rose on Thursday on optimism the United States and China could resolve their trade dispute, after a news report said Washington would pause further tariffs on Chinese imports. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 15 November 2018

Asia Edges Up As Oil Slide Slows; Pound, Euro Firm On Brexit Optimism

Australian stocks rose 0.15 percent while Japan’s Nikkei shed 0.5 percent. Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Br exit deal. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 14 November 2018

Wall Street Gives Up Early Gains As Energy Weighs On Stocks

Wall Street struggled for momentum on Tuesday, giving up early gains as a rebound in technology stocks and renewed hope for progress in trade talks were offset by drops in Boeing and energy stocks. Boeing Co reported a 37 percent increase in 737 deliveries in October but shares fell on concerns related to last month’s deadly crash of a 737 operated by Indonesia’s Lion Air. The stock was last down 2.6 percent, providing the biggest drag on the Dow.
Energy stocks weighed heaviest on the S&P 500, driven down after crude prices fell 7.2 percent. Technology bounced back from recent losses, edging the Nasdaq into positive territory. U.S.-China trade tensions enjoyed a reprieve as negotiations between the world’s two largest economies appeared to be making headway. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 13 November 2018

Rupee, Bond Prices Gains As Retail Inflation Eases To 13-Month Low

Indian rupee and bond prices gained on Tuesday after consumer price inflation slowed to a 13 month low which eased fears of expected rate hike in the near term. The home currency was trading at 72.72 a dollar, up 0.24% from its Monday’s close of 72.89. The currency opened at 72.79 a dollar. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 12 November 2018

Rupee Falls 26 Paise Ahead Of CPI, IIP Data; Opens At 72.76 Per US Dollar

Rupee opened on a weak note in the morning trade falling 26 paise to 72.76 per US dollar ahead of CPI and IIP data due today.  The domestic currency opened lower at 72.74 and plunged further to 72.76 against the greenback, down 26 paise over its previous close, at the Interbank forex market. The rupee climbed 50 paise to end Friday at 72.50 per US dollar as crude oil prices slipped below the USD 70 per barrel mark. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 2 November 2018

Rupee Gains Past 73 Against Dollar, Trades At One-Month High As Crude Oil Prices Continue To Fall

The rupee traded below the 73 per dollar mark today for the first time since October 1, rising over 70 paise to an intra-day high of 72.86 against the US dollar. The rupee started on a strong note today, rising nearly 30 paise against the US dollar from its previous close, after crude prices fell to seven-month lows in the global market and foreign institutional investors infused fresh capital into the domestic markets. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 1 November 2018

Sensex Down Over 100 Points, Nifty Around 10,350

Equity benchmarks are trading lower, with the Sensex down over 100 points. The Nifty is around 10,350-mark. The Sensex is down 105.55 points or 0.31% at 34336.50, and the Nifty down 36.80 points or 0.35% at 10349.80. The market breadth is positive as 1,440 shares advanced, against a decline of 768 shares, while 1,449 shares were unchanged. Yes Bank and Larsen & Toubro were the top gainers, while Infosys, Wipro, HCL Tech and Tech Mahindra lost the most.  For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 31 October 2018

Rupee Drops Below 74 A Dollar Amid Growing RBI-Government Rift

The Indian rupee slid on speculation that the rift between the government and the Reserve Bank of India is widening. The currency fell as much as 0.5 percent to 74.0575 per dollar on Wednesday, after the Economic Times reported that the government invoked a rarely-used power to direct the central bank on matters of public interest. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 30 October 2018

Sensex Off Low Points, Nifty Around 10,250

The Sensex is up 87.41 points or 0.26% at 34154.81, and the Nifty up 25.80 points or 0.25% at 10276.70. The market breadth is positive as 1,357 shares advanced, against a decline of 575 shares, while 1,699 shares were unchanged.
Tata Motors, Infosys, and Tech Mahindra are the top gainers, while RIL, Coal India, BPCL and HPCL have lost the most. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 29 October 2018

Sensex Rises 200 Points, Nifty Above 10,050

The BSE Sensex and NSE’s Nifty 50 rose on Monday led by gains in healthcare and banking stocks. ICICI Bank shares rose over 8% after the company’s September-quarter results. Asian shares bounced from last week’s steep declines on Monday, though sentiment remained fragile amid heightened worries about corporate earnings and a slowdown in global economic growth. 
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 26 October 2018

Rupee Opens At 73.42, Slips 15 Paise Against US Dollar

The Indian rupee slipped 15 paise in opening trade against the US dollar on strong demand for the American currency on Friday. It opened at 73.42 per dollar against previous day's closing of 73.27. The rupee weakened mildly in previous session amidst selling in domestic equities as well as cautiousness ahead of ECB monetary policy meeting. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 25 October 2018

Rupee Opens 19 Paise Weak At 73.34 Against US Dollar

Rupee opened weak in the early trade Thursday, losing 19 paise at 73.34 per US dollar versus 73.15 yesterday as a global equity rout is set to hurt domestic equities. On Wednesday, plunge in global crude oil prices supported the rupee as it ended 41 paise higher against Tuesday’s close of 73.56. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 24 October 2018

Asian Stocks Edge Up On China Stimulus Hopes, Oil Near Two-Month Lows

Asian stocks turned up on Wednesday as fresh signs of stimulus from China propped up sentiment despite Wall Street’s overnight losses, while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.
Wall Street’s three major indexes slumped early on Tuesday but ended well off the day’s lows as investors snapped up beaten-down shares late in the session. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 23 October 2018

Rupee Trades Lower Against US Dollar

Indian rupee on Tuesday traded lower against US dollar tracking losses in its local equity and Asian currencies market. The home currency was trading at 73.73 a dollar, down 0.23% from its Monday’s close of 73.56. The currency opened at 73.70 a dollar. The 10-year gilt yield stood at 7.935% from its previous close of 7.93%. Bond yields and prices move in opposite directions. Benchmark Sensex fell 0.12% or 40.84 points to 34,093.54 points. Year to date, it has risen 0.23%. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 22 October 2018

Nifty Around 10,350; Midcap Stocks Take A Hit

Equity benchmarks are trading higher, with the Sensex rising over 100 points. The Nifty is trading around 10,350. Selling is visible among energy and IT names, along with broader markets. The Nifty Midcap is down one-third of a percent. 
The Sensex is up 126.56 points or 0.37% at 34442.19, while the Nifty is higher by 32.80 points or 0.32% at 10336.30. The market breadth is negative as 940 shares advanced, against a decline of 1,331 shares, while 1,291 shares were unchanged. ICICI Bank, NTPC, and Indiabulls Housing are the top gainers, while Yes Bank, IndusInd Bank, and BPCL have lost the most. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Asian Shares Slip Amid Anxiety On Earnings

Asian share markets fell anew on Monday as investors braced for the peak of the US earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and center. 
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.25 percent. Japan’s Nikkei slipped 1.0 percent and South Korea stocks lost 0.7 percent. The euro started the week steady at $1.1511 having bounced from support at $1.1431 on Friday. The dollar was a shade softer on the yen at 112.41 yen and little changed against a basket of currencies at 95.683. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 19 October 2018

Rupee Trades Higher At 73.48 Per Dollar

The Indian rupee is trading higher by 12 paise at 73.48 per dollar on Friday after a flat opening versus Wednesday's close of 73.60. Rupee rose against the US dollar for the second successive session and one of the major trigger that led to the appreciation has been fall in global crude oil prices and weakness in the dollar against its major crosses. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 17 October 2018

Rupee Trades Flat Against Dollar

The rupee opened marginally higher against the US dollar amid continued recovery in global equities. The rupee was trading at 73.47 a dollar, down 0.1% from its Monday’s close of 73.47. The currency opened at 73.34 a dollar. The 10-year gilt yield stood at 7.885% from its previous close of 7.873%. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 16 October 2018

Indian Rupee Opens Marginally Higher At 73.80 Per Dollar

The Indian rupee opened marginally higher at 73.80 per dollar on Tuesday versus previous close 73.83. Yesterday, rupee consolidated in the first half of the sessions but rose in the latter half after data showed India’s trade deficit for September narrowed to USD 13.98 billion compared to USD 17.39 billion in the previous month. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 15 October 2018

Indian Rupee Opens Weak By 24 Paise At 73.80 Per Dollar

The Indian rupee slipped in the early trade on Monday. It has opened lower by 24 paise at 73.80 per dollar on Monday versus Friday's close 73.56. On the domestic front, data released by CSO showed India’s inflation in September rose to 3.77% compared from 3.69% in the previous month. USD-INR pair is expected to quote in the range of 73.50 and 74.05. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 12 October 2018

Sensex Up 700 Points, TCS Shares Down 3%

Benchmark indices BSE Sensex and NSE’s Nifty 50 gained over 1% on Friday as the global stock slump showed signs of easing. Asian stocks traded mixed with Japan marginally lower, China little changed and Hang Seng and Kospi indices trading higher. Oil prices steadied on Friday after a market rout driven by sharp falls in equity markets. The rupee rose against the dollar, tracking gains in local markets and Asian currencies, and ahead key inflation data due later in the day. BSE Sensex surged 701.77 points, or 2.06%, to 34,702.92, while the Nifty 50 plunged 213.70 points, or 2.09%, to 10,448.35. The BSE MidCap and SmallCap indices were up 2.37% and 2.38%, respectively. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 11 October 2018

Rupee Hits Record Low, Nears 74.50 Against US Dollar

The Indian rupee on Thursday weakened to a fresh low against US dollar after government cut excise duty second time in a week and tracking sell-off in global markets. At 9.15 am, the home currency was trading at 74.41 a dollar, down 0.26% from its Wednesday’s close of 74.22. The currency opened at 74.31 and touched a fresh low of 74.46 a dollar. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 10 October 2018

Rupee Recovers From Record Low; Opens 23 Paise Higher Against USD At 74.16

The domestic currency rupee opened higher on Wednesday, zooming 23 paise to 74.16 against the US dollar after the US Dollar weakened amid increased selling by exporters. Besides, RBI’s decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet the festival season demand for funds also supported the recovery in rupee. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 9 October 2018

Sensex Down 100 Points; Nifty Below 10,300

Benchmark indices BSE Sensex and NSE’s Nifty 50 traded cautious on Tuesday amid negative cues from the global markets. The IMF on Tuesday maintained India’s growth forecast for 2018-19 unchanged and called for further tightening of monetary policy. The rupee opened marginally higher against the US dollar, tracking mixed Asian currencies market. Asian shares hit 17-month lows as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets. On Wall Street, the tech-heavy Nasdaq had fallen for the third straight day on Monday. Oil prices were little changed as more evidence emerged that crude exports from Iran are declining in the run-up to the re imposition of US sanctions. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 8 October 2018

Sensex, Nifty Open In The Red Amid Negative Global Cues

Market benchmarks Sensex and Nifty opened in the red on Monday amid weak Asian cues hit market sentiment. The 30-share Sensex was 55 points, or 0.16 per cent, down at 34,321. The NSE Nifty50 was 20 points, or 0.19 per cent, down at 10,296. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Indian Rupee Recovers, Trades Lower At 73.85 Per Dollar

The Indian rupee recovered a bit from the day low point. It is trading lower by 8 paise at 73.85 per dollar. It has opened lower by 18 paise at 73.95 per dollar versus Friday's close 73.77. Rupee touched a record low of 74.22 per dollar on Friday after central bank kept the repo rate unchanged at 6.50 percent but changed the stance from Neutral to Calibrated Tightening. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 5 October 2018

Gold, Silver Down In Morning Deals

Gold and silver prices were trading in red following some profit booking at higher levels as investors will eye the outcome of US non-farm payroll data later today. 
MCX Gold futures were down 0.26 per cent at Rs 31,050 per 10 gram, while MCX Silver futures were down 0.32 per cent at Rs 38,848 at around the same time. According to SMC Global Securities, gold (Dec) can take support near Rs 31,250 and can face resistance near Rs 31,550 in MCX. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Rupee Recovers 6 Paise Against US Dollar Ahead Of RBI Policy

The Indian rupee opened slightly lower on Friday at 73.64 per US dollar against its Thursday’s close at 73.58/$, but shortly made a recovery and was trading at 73.52 in morning trading, 6 paise higher from the previous close, ahead of the Reserve Bank of India’s policy decision, which is due today. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 4 October 2018

Rupee Hits New Low Of 73.76, Falls 43 Paise Against USD

The rupee plunged to a fresh low on Thursday hitting 73.76 per dollar in the early trade as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows. The partially convertible rupee closed at 73.33 on Wednesday. Amid fall in domestic currency, benchmark 10-year bond yields hit 8.20 percent in opening trade as against previous close of 8.11 percent. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 3 October 2018

Rupee Hits New Low Of 73.34, Plunges 43 Paise Against USD

The Indian rupee Wednesday crashed below the 73 mark against the dollar for the first time ever on strong demand for the American currency from importers amid rising global oil prices and unabated capital outflows. At the Interbank Foreign Exchange (forex) market, the domestic currency dropped 43 paise to 73.34 against the US dollar in the early trade. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 1 October 2018

Sensex Down 100 Points, Nifty Below 10900, Bandhan Bank Crashes 20%

The BSE Sensex and NSE’s Nifty 50 fell for the fourth straight session on Monday as shares of Bandhan Bank and Kotak Bank declined after RBI punished Bandhan Bank for failing to meet shareholding rules. Shares of Bandhan Bank and Kotak Bank slumped as much as 20% and 12%, respectively. FIIs sold a net of Rs 1,699.94 crore of shares on Friday, while DIIs purchased shares worth Rs 3,256.34 crore, provisional data showed. Brent crude oil prices hit their highest level since November 2014 on Monday ahead of US sanctions against Iran that kick in next month. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961