Daily Dollar Dose | 2nd Aug ’20

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USD/INR opened higher as dollar caught a slight bid into the fresh week. Spot USD/INR opened around 74.85 and moved higher in initial trading to climb above 74.90. It is likely to face stiff resistance in the 74.95 (23.6% retracement of the move from 68.8 to 77.0) – 75.00 zone in any attempt of further

Daily Dollar Rupee | 6th Aug ’20

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The Dollar lost its ground further, and risk assets rallied, as markets absorbed patchy US economic data as an indication of further stimulus to be announced even as US lawmakers negotiate over the finer details of the new stimulus package. The dollar’s brief respite from continued selloff in past few weeks was short lived, as

Daily Digest – 7th of August

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The US Dollar has decisively fell out of favor and appears to have lost its ‘safe haven’ appeal, as investors dump it for other alternatives, particularly Gold, which continues on an amazing bull run after climbing previous all-time high of 1920 $/oz. Surging coronavirus cases in the US, flattening out labor market recovery numbers, inconclusive

Daily Dollar Dose | 7th Aug ’20

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The US Dollar has decisively fell out of favor and appears to have lost its ‘safe haven’ appeal, as investors dump it for other alternatives, particularly Gold, which continues on an amazing bull run after climbing previous all-time high of 1920 $/oz. Surging coronavirus cases in the US, flattening out labor market recovery numbers, inconclusive

India: RBI on hold, cautious guidance for the near-term

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Key summary points The monetary policy committee left the repo rate unchanged at 4% For the financial sector, a debt recast window will be introduced An expert committee will arrive at the nuances Real rates have slipped into red The Reserve Bank of India monetary policy committee (MPC) left the benchmark repo rate unchanged at
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