India – Alarabia Forex

USD/INR to hover around 78 as rupee remains under pressure – Commerzbank

June 10, 2022 by 7kphj

USD/INR held at the upper end of the 77-78 range in the past month. Economists at Commerzbank expect the Indian rupee to remain under pressure. Reserve Bank of India to hike further “RBI has a real battle on its hands and has hiked rates by 90bp to 4.90% in just the past one month. However, … Read more

Mixed on positive DXY, RBI raises repo rate by 50 bps, China Inflation eyed

June 8, 2022 by 7kphj

A positive DXY has offset the optimism of bullish US indices. The RBI has elevated its repo rate by 50 bps to 4.90%, inflation is seen stable at above 6%. Chinese equities are subdued as investors await China’s CPI. Markets in the Asian domain are trading mixed amid different respective fundamentals. A recovery in Wall … Read more