Indian rupee

The offshore Chinese Yuan (CNH) is showing signs of a potential comeback against the Indian Rupee (INR) as it emerges from the bottom and rises above the 20-period simple moving average (red line). Recently, it has formed higher lows, indicating increasing strength. Currently, it stands at a...

Japan's annual inflation rate in June 2023 rose marginally to 3.3% from May's 3.2%, but fell below market forecasts of 3.5%. While costs increased for various categories such as food, housing, transport, and medical care, fuel, light, and water charges continued to decline for the fifth...

Consumer spending in Europe is experiencing a significant decline, as a combination of inflation andeconomic recession puts pressure on households to cut back on both essential food items anddiscretionary purchases. Europe’s economic recovery is facing challenges due to China’s...

India’s rupee is on the rise, tracking further losses in the U.S. dollar as the Federal Reserve’s outlook remains uncertain, Reuters reports. Why It Matters: The rupee has been strengthening against the dollar, a trend that could continue if the U.S. Federal Reserve maintains its dovish...

The Indian rupee is set to rise, with expectations that the Federal Reserve will soon halt interest rate hikes due to cooling inflation in the United States, Reuters reports. Non-Deliverable Forwards Non-deliverable forwards suggest the rupee will open at around 82-82.05 to the U.S. dollar,...

Investment banking firm Goldman Sachs Group Inc (NYSE: GS) is recommending shorting the U.S. dollar on the odds of Democrat Joe Biden winning the November election and a coronavirus vaccine materializing soon. Both factors are negative for the greenback in Goldman Sachs' view, according to...

The cascading value of the Indian rupee against the U.S. dollar and the free fall of fuel prices in the country has put the Indian transportation sector in a spot. Over the last few months, the ruling BJP government has strangely been silent about the disproportionate increase in fuel prices which...

Demonetization. That is what the Indian government is calling the almost complete, overnight elimination of cash in one of the world’s top 10 economies and most populated countries. But Why? On November 8, Prime Minister Narendra Modi surprised a huge part India’s population when he...

Emerging markets currencies and equities are struggling once again this year, but the WisdomTree Indian Rupee Strategy Fund (NYSE: ICN) continues to be relatively sturdy compared to broader baskets of developing world currencies. ICN “seeks to achieve total returns reflective of both money...

Exchange traded funds devoted India, Asia's third-largest economy and the "I" in the famous BRIC acronym, have come to life in recent weeks. That assertion is fortified by an 8.3 percent gain for the WisdomTree India Earnings ETF (NYSE: EPI) over the past month. However, it is not just equity-...