India Rupee – Asia FX: Most down on globally firm dlr, weak equity
NEW DELHI – Most Asian currencies were down against the dollar in early trade today, as the greenback remains firm globally and the local equities fell on renewed concerned about the pace of global economic recovery.
The US dollar surged to its highest in more than 10 months on Tuesday and yields on the 10-year benchmark US Treasury note reached a near three-month high.
At 0903 IST, the dollar index was at 93.70 compared with 93.45 on Tuesday. It was 93.25 on Monday.
Elevated crude oil prices also weighed on Asian currencies, with Brent crude oil futures hitting their highest level since October 2018. Investors were worried about tighter crude oil supply due to rising demand in parts of the world.
Taiwan dollar and Indonesian rupiah fell most among Asian currencies both down nearly over 0.2%. (Shubham Rana and Pratiksha)
India Rupee: Expected range for rupee – Sep 29
MUMBAI – The following are the expected support and resistance levels for the rupee, as forecast by leading banks and brokerages in an Informist poll:
(Arushi Jain)
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Michael Correya
Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to [email protected]
© Informist Media Pvt. Ltd. 2021. All rights reserved.
India Rupee: Expected range for rupee – Sep 29
MUMBAI – The following are the expected support and resistance levels for the rupee, as forecast by leading banks and brokerages in an Informist poll:
(Arushi Jain)
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Michael Correya
Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to [email protected]
© Informist Media Pvt. Ltd. 2021. All rights reserved.
Source: Cogencis
