Latest Breaking News On - Finrex treasury - Page 6 : comparemela.com

Indian rupee ends slightly lower on importers' dollar demand

Indian rupee eyes Asian peers, equity flows; bond yields seen in thin range

Wipro buyback, FII action among top 9 factors to dictate Dalal Street mood this week

Indian markets ended the week in the red, with the Nifty50 dropping 0.85%. Experts suggest that the futures market will provide cues for Monday s opening, with impacts from US markets over the previous week to be taken into account. Major global events next week include a Policy Panel Discussion led by Chair Jerome Powell at the European Central Bank Forum on Central Banking 2023. Technical data shows that any future corrections should be seen as a buying opportunity while, on a corporate level, technology IPOs and buybacks are also worth tracking.

Rupee ends down for week, but fares better than Asian peers

The Indian rupee closed the week lower but outperformed its Asian counterparts due to increased foreign inflows and the absence of dollar demand from oil companies. Foreign investors invested about $1.4bn in Indian equities between Monday and Wednesday. Meanwhile, the offshore Chinese yuan was down 1.3% for the week, the Korean won lost 2.5%, and the Thai baht fell 1.7%. The near-term implied volatility on the rupee remained low, with the 1-month near 3%.

Rupee ends at 1-month high on likely dollar inflows; Fed in focus

The rupee hit an intraday peak of 82.0825 per dollar, before ending at 82.0950, both of which are the highest since May 11