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CNH/INR: Chinese Yuan Set To Rebound Against The Rupee
Friday, July 21, 2023 - 4:12am | 173The offshore Chinese Yuan (CNH) is showing signs of a potential comeback against the Indian Rupee (INR) as it emerges from the bottom and rises above the 20-period simple moving average (red line). Recently, it has formed higher lows, indicating increasing strength. Currently, it stands at a...
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INR/JPY: Japan's Inflation Falls Short Of Expectations
Friday, July 21, 2023 - 4:01am | 158Japan's annual inflation rate in June 2023 rose marginally to 3.3% from May's 3.2%, but fell below market forecasts of 3.5%. While costs increased for various categories such as food, housing, transport, and medical care, fuel, light, and water charges continued to decline for the fifth...
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Indian Rupee Falls Against Dollar As Trade Deficit Widens To Record High: What Next?
Thursday, August 4, 2022 - 2:14am | 354The Indian rupee fell below the 79.5 mark against the dollar on Thursday morning Asia session as the country’s trade deficit widened to a record $31 billion. The figure sparked concerns among traders about how India will fund its current account deficit (CAD). What Happened: Government...