FX Rates and USD INR Forward Rate July 10, 2024 Major developments: USD is now at 83.49. USDINR opened at 83.49. Fwd premia – 1 year fwd premia is at 1.66% p.a. -Fed Chairman hinted that rate cuts are nearing as balance of risks is even. He implied that economic slow down due to restrictive monetary policy is as […]
Budget 2024 Expectations Budget 2024 Expectations Live Updates: PM Modi to convene top economists for Budget 2024-25 insights Finance Minister Nirmala Sitharaman will present the 2024-25 Union Budget on July 23. With rumors swirling about potential tax reliefs, an increase in the standard deduction cap is anticipated. Prime Minister Narendra Modi to Meet Leadin
FX Morning Update USD INR July 10, 2024 USDINR opened at 83.49 y’day and the pair traded in the 83.47-83.51 range. Spot USDINR closed at 83.50, loss of 1 ps for USD as against prior close of 83.51. RBI reference rate was fixed at 83.48 on 09/07. July USD/INR closed at 83.55, unchanged for USD as compared […]
Best Green Hydrogen Stocks in India India is charting a bold course towards energy independence and aims for net-zero emissions by 2070. Amidst this transformative journey, green hydrogen is emerging as a game-changer, offering a zero-emission solution with the potential to revolutionize industries and transportation. In this guide, we’ll explore the top green
FX Rates and USD INR Forward Rate July 9, 2024 Major developments: USD is now at 83.49. USDINR opened at 83.49. Fwd premia – 1 year fwd premia is at 1.66% p.a. -Focus is on Indian and US CPI data. RBI rates Trade Date 1 USD 1 GBP 1 EURO 100 YEN 8-Jul-24 83.47 106.9 90.3 51.97 […]
FX Morning Update USD INR July 9, 2024 USDINR opened at 83.45 y’day and the pair traded in the 83.44-83.51 range. Spot USDINR closed at 83.51, gain of 4 ps for USD as against prior close of 83.47. RBI reference rate was fixed at 83.47 on 08/07. July USD/INR closed at 83.55, unchanged for USD as compared […]
Best Cement Stocks in India When considering India’s rapid growth, images of soaring skyscrapers and expansive highways likely come to mind. Central to this development is the cement industry, a key player in the nation’s infrastructure boom. With ongoing urbanization, ambitious government projects like “Housing for All,” and a surge in co
Currency Market Overview July 08, 2024 Market cap of 5 railway PSUs including RVNL, IRFC surges over ₹2 lakh crore in 2024 so far – here’s why….. The market cap of IRFC has soared by ₹1,15,388 crore to ₹2,45,988 crore, while RVNL added ₹64,549 crore, bringing its market cap to ₹1,02,384 crore. Ircon saw an increase of ₹12,758 crore, rea
FX Morning Update USD INR July 8, 2024 USDINR opened at 83.48 on Friday and the pair traded in the 83.46-83.53 range. Spot USDINR closed at 83.47, loss of 5 ps for USD as against prior close of 83.52. RBI reference rate was fixed at 83.50 on 05/07. July USD/INR closed at 83.55, loss of 2 ps […]
FX Weekly Currency Score Week 27 Weekly SYNOPSIS: 05/07/2024 Currency Map: Currency Pairs WEEK CLOSE PRIOR WEEK CLOSE % change USD/INR 83.47 83.38 0.10 EUR/INR 90.37 89.25 1.25 GBP/INR 106.65 105.46 1.12 JPY/INR 51.97 51.86 0.21 Brent Crude closed at USD 87 VS previous month close of USD 85. Gold closed at USD 2391. Nifty […]