22 Jul 2018 | 4:28 AM
Research Report

Currency Research Report: Daily Forex and IRF Report

The Indian rupee finished higher against the U.S. dollar, in line with other Asian peers, tracking broad weakness in the greenback, after the Federal Reserve’s March meeting minutes hurt expectations of an early interest rate hike. Since the rate cut, the rally in the rupee is taking a breather and we are seeing profit booking. Banks have stepped up dollar purchases for importers, which weighed on the rupee.
11 Apr 2016 | 09:47 AM