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Upgrade of India’s rating by S&P Global Ratings last week has whetted FPIs’ investment appetite for Indian equities. | Photo Credit: REUTERS The rupee recorded its biggest single-day gain in over a month, strengthening below the 87 mark on Tuesday, as foreign portfolio investors (FPIs) stepped up buying in the Indian equity market amid expectation that the US may have a re-think on additional levies on India’s exports to that country. The rupee appreciated 40 paise to close at 86.95 per dollar against the previous close of 87.35.The FPI buying action in the equity market came on the hopes that…
The rupee appreciated 40 paise to close at 86.99 (provisional) against the US dollar on Tuesday, supported by optimism over GST restructuring and positive domestic equity markets. Forex traders said rupee is expected to trade with a positive bias as easing worries over additional tariffs by the US boosted market sentiments after the meeting between US President Donald Trump and Russian President Vladimir Putin. At the interbank foreign exchange market, the rupee opened at 87.24 against the US dollar, touched an intraday low of 87.31 and a high of 86.92, and settled at 86.99 (provisional), registering a gain of 40…
The USD/CAD outlook shows the Canadian dollar weakening ahead of crucial inflation figures. Traders are anticipating policy clues at the Jackson Hole symposium. The US will guarantee the country’s safety in the event of a peace deal. The USD/CAD outlook deteriorates as the Canadian dollar weakens ahead of crucial inflation figures from Canada. Meanwhile, the dollar remained strong as traders watched developments in peace talks to end the war in Ukraine. –Are you interested to learn more about forex options trading? Check our detailed guide- Canada is set to release pivotal inflation figures that will shape the outlook for Bank of…
US Dollar (USD) is likely to trade in a range between 7.1780 and 7.1950. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD is expected to trade in a range24-HOUR VIEW: “We noted yesterday that ‘there has been a slight increase in upward momentum.’ However, we were of the view that ‘this is likely to lead to a higher range of 7.1800/7.1950 instead of a continued advance.’ Our view did not materialise, as USD traded in a tight range of 7.1792/7.1884, closing largely…
As the figures for the 10 non-ferrous metals already indicated, refined Copper production in China continued to rise in July, Commerzbank’s FX analyst Volkmar Baur notes. China produces 50% of the world’s refined Copper “At 1.27 million tons, monthly production was – in non-seasonally adjusted terms – slightly below the previous month’s record. Nevertheless, the July figure is still the second highest ever reported for a single month. Looking at the past twelve months (from August 2024 to July 2025 inclusive), 14.38 million tons of refined Copper were produced, more than in any previous 12-month period.””The production figures for refined…
The Pound bounces at 1.3585, and returns to 1.3525 but remains within a bearish channel from Last Friday’s highs.Investors are dialing down GBP short bets with July’s UK CPI data in focus.UK inflation is expected to have accelerated to a 3.7% yearly rate, the highest reading in almost two years.The Pound is retracing some losses on Tuesday with the US Dollar pulling back from recent highs amid a moderately positive market sentiment, and investors looking at Wednesday’s UK CPI reading that might give further reasons to BoE hawks.The GBP/USD pair has bounced up from intra-day lows at 1.3485 to reach…
The sharp rise in US Dollar (USD) has scope to extend to 148.30; the major resistance at 148.80 is unlikely to be tested. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Major resistance at 148.80 is unlikely to be tested24-HOUR VIEW: “When USD was at 147.20 in the early Asian session yesterday, we were of the view that it ‘is likely to trade in a range between 146.80 and 147.85.’ USD subsequently dipped to 147.02 before rising sharply, reaching a…
The price of Gold reacted inconclusively yesterday to Friday’s summit meeting between the US and Russian presidents in Alaska. The results of the talks that were made public remained too vague to indicate any progress in efforts to end the war in Ukraine. However, there were also no signs of an escalation, which Trump had threatened in the event of the talks failing, Commerzbank’s commodity analyst Carsten Fritsch notes. Powell has to sound very dovish for Gold to benefit”Following yesterday’s talks between Trump, Ukrainian President Zelensky, and European heads of state and government, the chances of a solution to end…
The rupee appreciated 19 paise to 87.20 against the US dollar in early trade on Tuesday, reflecting the optimism around domestic reforms and equities, though external risks remain elevated. Forex traders said the rupee is holding firm at current levels, tracking the recent rally in domestic equities after sweeping tax reforms announced by PM Narendra Modi. Moreover, suspected RBI intervention and cautious optimism around the Ukraine-Russia conflict supported investors’ sentiments. At the interbank foreign exchange market, the rupee opened at 87.24 against the US dollar, then touched 87.20, registering a gain of 19 paise over its previous close. On Monday,…
The USD/JPY outlook points to a stronger dollar as traders await the outcome of a meeting between Trump and Zelensky. Traders are preparing for the Jackson Hole symposium. Powell might not give a clear rate cut signal. The USD/JPY outlook points to a stronger dollar as traders await the outcome of a meeting between Trump and Zelensky. At the same time, market participants were gearing up for the Jackson Hole symposium. –Are you interested to learn more about forex options trading? Check our detailed guide- Market participants are anticipating a crucial meeting between Trump and Zelensky that could mean progress…