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Rupee ends flat at 90.95 amid US dollar demand and NDF maturities

Buzz line2 months ago03 mins

The Indian rupee ended nearly flat on Wednesday as dollar demand spurred by maturing contracts in the non-deliverable forwards market blunted positive impulses from modest inflows and gains in Asian peers. Despite expectations of elevated dollar demand related to NDF maturities this week, appetite to wager against the currency has also dulled due to expectations…

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Strong comeback of rupee after India-US trade deal, biggest one day jump since 2018 – Market

Buzz line2 months ago01 mins

India US trade deal: After the announcement of India-US trade deal on Tuesday, the Indian rupee showed such strength which was not seen for the last several years. The rupee strengthened by 1.36% to close at 90.26 against the dollar. This is considered to be the biggest single-day strengthening of the rupee since December 2018….

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