The record
Written by software from the 3 reports below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- The Indian rupee declined 12 paise to close at 95.74 against the US dollar on Wednesday.
- Strengthening of the American currency and higher crude oil prices weighed on the domestic unit.
- Positive domestic equity market performance provided partial support against further losses.
- Investors are currently monitoring US Federal Reserve commentary and potential developments in US-Iran geopolitical tensions.
What to watch next
- Future US Federal Reserve interest rate policy decisions
- Developments regarding US and Iran diplomatic relations
- Movement in Brent crude oil prices and global risk sentiment
What changed3
Every report on this story, newest first. Times are when each outlet published.
Telangana Today[1]
Rupee falls 12 paise to close at 95.74 against US dollarTelangana Today[2]
Rupee gains 13 paise to 95.65 against US dollar in early tradeTelangana Today[3]
Rupee rises 15 paise to 95.81 against US dollar as crude prices fall
Who said what7
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Anuj Choudhary
Research Analyst
4 quotes · 1 outlet
“We expect the rupee to trade with a positive bias as hopes of a diplomatic solution between the US and Iran amid indirect talks at the UNGA may improve global risk sentiment. Overall weakness in crude oil prices may also support the rupee”
In the article
…ended the trading session on Wednesday at 95.74 (provisional) against the American currency, down 12 paise from its previous close. On Tuesday, the rupee appreciated 16 paise to close at 95.62 against the US dollar. “ We expect the rupee to trade with a positive bias as hopes of a diplomatic solution between the US and Iran amid indirect talks at the UNGA may improve global risk sentiment. Overall weakness in crude oil prices may also support the rupee ,” said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan. “However, a strong dollar and any fresh tensions between the US and Iran may cap sharp upside. Traders may take cues from flash manufacturing and services…
“However, a strong dollar and any fresh tensions between the US and Iran may cap sharp upside. Traders may take cues from flash manufacturing and services PMI data from the US. USD-INR spot price is expected to trade in a range of 95.50 to 95.95”
In the article
…the US and Iran amid indirect talks at the UNGA may improve global risk sentiment. Overall weakness in crude oil prices may also support the rupee,” said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan. “ However, a strong dollar and any fresh tensions between the US and Iran may cap sharp upside. Traders may take cues from flash manufacturing and services PMI data from the US. USD-INR spot price is expected to trade in a range of 95.50 to 95.95 ,” Choudhary added. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.87, up 0.27 per cent. Brent crude, the global oil benchmark, was trading 0.26…
Anindya Banerjee
Head of Commodity and Currency Research, Kotak Securities
3 quotes · 1 outlet
“The rupee remains range-bound. Softer crude is its main support, offset by a firm dollar after the Fed’s hike and continued foreign portfolio outflows”
In the article
…the rupee opened at 95.75, then touched 95.65 against the American currency, registering a gain of 13 paise from its previous close. On Monday, the rupee appreciated 18 paise to close at 95.78 against the US dollar. “ The rupee remains range-bound. Softer crude is its main support, offset by a firm dollar after the Fed’s hike and continued foreign portfolio outflows ,” said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities. Banerjee further said: “We see 96.30 as the upper cap, with strong Reserve Bank intervention expected as the pair approaches…
“We see 96.30 as the upper cap, with strong Reserve Bank intervention expected as the pair approaches 96.30–96.50, and support at 95.50 and then 95.”
In the article
…is its main support, offset by a firm dollar after the Fed’s hike and continued foreign portfolio outflows,” said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities. Banerjee further said: “ We see 96.30 as the upper cap, with strong Reserve Bank intervention expected as the pair approaches 96.30–96.50, and support at 95.50 and then 95. ” “The central bank has also been actively draining the surplus liquidity created by the special deposit inflows through bond sales and reverse-repo auctions, which is keeping the adjustment orderly,” he added.…
Coverage1
All filed from IndiaSingle origin
Named India · United States · Iran · Nifty · Sensex · Anindya Banerjee · Anuj Choudhary · Kotak Securities · Mirae Asset Sharekhan · Saudi Arabia · United Nations General Assembly · US Federal Reserve
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