Indian Rupee expands gains for 4rth session, up 5 paise to 66.49 against USD

Reports told that, Extending its gains to the 4rth meeting, the indian rupee rose 5 paise to 66.49 against USD in early trade on today after the United States Fed chair Janet Yellen in an overnight speech questioned doubts over Fed rate lift in the near future.Click for stock option tips

The local currency had appreciated three paise to settle down at 66.54 on Tuesday on persistent dollar selling of by banks & exporters. Yellen on yesterday told that, the rate of inflation in the US has not yet proven sustainable against the backdrop of looming global risks to the economy of United States & that the US central bank should proceed carefully to policy adaptation.

Read More : stock option tips

Today's currency market tips & updates 2 Mar, 2016

The INR(rupee) rose 11 paise to 67.74 against the USD in early trade on Wednesday tracking a firm trend in most currency markets of asia.Click for Commodity tips

The domestic currency had rushed 57 paise to close at a 3-week high of 67.85 in the previous session following the FM Mr. Arun Jairtey's pledge to maintain FY16 fiscal deficit target near 3.5 per-cent of the GDP.

Provisional data available with BSE concluded foreign institutional investors were net buyers to the tune of Rs 1,761 crs on yesterday.

The index of dollar, which tracks the movement of dollar compared to basket of 6 major world currencies, rose 0.02 per-cent to 98.36 on firm data of US.

Read More : Commodity tips

Share tips: Currency market updates for 22 Feb, 2016

Today, rupee depreciated 22 paise to 68.68 as compared to the US dollar, despite positive cues from most currency markets of asia.

The local currency had settled last week at 68.46. The rupee had strike an all-time low of 68.85 on August 28, 2013.Click for Share tips

Other market indices : Most other Asian markets traded higher. Japan's Nikkei went up 0.58 per-cent while the Kospi were trading lower by 0.31 per-cent. Hong Kong's Hang Seng index went up by 0.99 per-cent. China's CSI300 index traded with gains of 2.11 per-cent.

ICA pointed concerns over the launch of Ringing Bells Freedom251 mobile

Freedom 251 : Expressing concern over the inaugration of a smartphone at price as low as 251 Rupee(INR)  mobile industry body ICA has written to Minister of Telecom Ravi Shankar Prasad to get into depth of the issue, saying the rate could not be below Rs 3,500 even after a subsidised sale.Click for Commodity tips


The Indian Cellular Association (ICA) also told in reports that it is not appropriate for the senior political & government leadership to be present at the launch till the air around this is cleared and it is not shrouded under controversies.

Noida-based Ringing Bells declared India's most affordable smartphone, priced at 251 Rupee, a move that is set to disrupt the booming Indian mobile handset market. The 3G handset, Freedom 251, features a Qualcomm 1.3-GHz quad-core processor , 4-inch display, and 1 GB RAM, according to details shared by the Organization. On yesterday, Defence Minister Manohar Parrikkar launched the smartphone Freedom 251.

Read More : Commodity tips

Share tips by Researchvia: Rupee declined by 6 paise 12 feb

Today, rupee declined by 6 paise in early trade to hit its lowest level of 68.36 against the USD since Sep 2013 amid mixed cues from Asian currency markets.Click for Share tips

The local currency ended at a 29-month closing low of 68.30 as compared to the greenback on yesterday on fresh dollar requirement from banks & importers.

Most other Asian markets traded weak as the carnage in world equity markets continued. Japan's Nikkei fell by 5.34 per-cent while the South Korean Kospi went down 2 per-cent. Hong Kong's Hang Seng index was trading lower by around 0.7 per-cent. Chinese & Taiwanese markets remain shutdown.

Currency tips : Asian currencies went high 27 Jan

Today, Most Asian currencies were trading high. Malaysian ringgit advanced 0.69 per cent against the greenback, followed by Taiwanese dollar (up 0.43 per cent), Korean won (up 0.38 per cent) and Indonesian rupiah (0.18 per cent). Japanese yen appreciated 0.14 per cent.

The rupee, with 2.48 per cent fall, has been the worst-performing Asian currency for far.

Click For Free Trial

Rupee ahead 6 paise against USD 22 Dec, 2015

 Taking its winning streak to the 6th trading session, the INR(rupee) ahead 6 paise to 66.29 against the US dollar in early trade today. The rise was largely in line with gains seen in Asian currencies.

Asian currencies which were trading high -

1. Indonesia rupiah (up 1.07 per-cent)
2. Taiwanese dollar (up 0.77 per cent)
3. Malaysian ringgit (up 0.29 per-cent)
4. Korean won (0.12 per-cent)

Singapore dollar and Thai baht contributed 0.11 per-cent each. Chinese yuan inched up 0.04 per-cent.

Dollar index, which tracks the movement of USD against a basket of 6 major world currencies, stood at 98.40.

Read More : Commodity tips