ICICI Bank launches new online remittances facilities
... enter a one-time instruction to schedule recurring payments through iMobile Pay Users of Money 2 World. It also allows them to send money overseas for a host of purposes including education, the maintenance of close relatives, gift and travel. Mr. Sriram H. Iyer , Head , International Banking Group Banking Group, said that we at ICICI Bank believe in leveraging the latest technology to bring new and improved digital banking solutions to users of our products and services. Customers and customers of other ...
Updated: 06/02/2022
Indian rupee recovers 8 paise against US dollar in early trade
... per forex traders, the Indian rupee could see range-bound trade against the US dollar as broad dollar strength could offset losses from a rate hike by the RBI next month on rising domestic inflation. Senior Research Analyst at Reliance Securities Sriram Iyer told PTI that the RBI and expectations of RBI intervention would possibly support the rupee this Friday.
Updated: 05/13/2022
Rupee drops 51 paise to record low against US dollar
... who dump domestic stocks could be the reason behind the drop in value of the Rupee . Investors are worried that the broader Asian stocks could decline further due to the tighter COVID lockdown in Shanghai, which could affect global economic growth. Sriram Iyer , Senior Research Analyst at Reliance Securities said that the Indian rupee opened against the dollar on Monday, as weakness in global equities weighed on sentiments due to concerns over the outlook and rising bond yields. Risk appetite has weakened ...
Updated: 05/09/2022
Rupee falls 23 paise to 76.65 against US dollar in early trade
... opened on a muted note at 76.58 against the American dollar, but fell to an early low of 76.65 in initial deals, registering a fall of 23 paise over its previous close. The rupee declined by 25 paise to close at 76.42 against the US currency on Friday. Sriram Iyer , Senior Research Analyst at Reliance Securities , said the rupee opened weaker against the US dollar weighed by hawkish comments from Federal Reserve Chair Jerome Powell last week. Most of the Asian and emerging market peers are trading weaker ...
Updated: 04/25/2022
Indian rupee falls 26 paise to new low against US dollar
... the last close. The rupee increased by 37 paise to close at 75.84 against the US dollar on Thursday. The forex market was closed on Friday on Holi's account. The global oil benchmark Brent crude futures rose by 3.10 per cent to USD 111.28 per barrel. Sriram Iyer , senior research analyst at Reliance Securities said the Indian rupee opened weak against the US dollar as crude oil prices and the dollar reversed some of their recent declines. Iyer noted that most of the Asian currencies have started to weaker ...
Updated: 03/21/2022
Rupee dips 41 paise to 75.19 against US dollar in early trade
... this Thursday morning as the dollar and Treasury yields bounced after US Federal Reserve Chairman Jerome Powell signalled a shift away from pandemic-era economic support measures, with the central bank on course for a March interest rate hike, said Sriram Iyer , Senior Research Analyst at Reliance Securities. Iyer said that the Reserve Bank of India could be present to curb volatility as Asian currencies were weak this Thursday morning, and uncertainty over Ukraine will also weigh on sentiments. On the ...
Updated: 03/17/2022
Rupee falls 49 paise to 75.82 against dollar
... The rupee opened at 75.78 against the US dollar, then fell further to 75.82, registering a decline of 49 paise from the last close. The rupee had settled at 75.33 against the dollar on Monday. The market was closed on Tuesday because of Mahashivratri. Sriram Iyer , Senior Research Analyst at Reliance Securities said the rupee opened a gap that was not touched on Wednesday, tracking a rebound in the dollar index after ceasefire negotiations between Russian and Ukraine forces failed. The dollar index, which ...
Updated: 03/02/2022
Rupee gains 27 paise to close above 75.33 against US dollar
... will be on the core PCE index number from the US. The USD-INR Spot is expected to trade sideways with a positive bias and quote in the range of 75.40 and 76.05, said Gaurang Somaiya , Forex and Bullion Analyst , Motilal Oswal Financial Services. Sriram Iyer , Senior Research Analyst at Reliance Securities , said that the rupee appreciated against the strength of regional currencies and equity. On a weekly basis, the rupee has depreciated 67 paise against the American currency, as oil prices spiked ...
Updated: 02/27/2022
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