21 Jul 2018 | 11:06 PM
Research Report

Currency Research Report: Daily Forex Report

The Indian rupee erased early losses to finish at a week’s high against the U.S. dollar, as local shares gained ground and exporters sold the greenback ahead of the Federal Reserve’s policy outcome later today. However, importers' dollar demand capped further gains. India imports about 80% of its crude oil requirement and oil companies pay for their shipments in dollars, typically stepping up payments toward the month-end.
28 Apr 2016 | 09:59 AM