Stock Markets
Investors Predict Indian Rupee to be on the Rise in 2024
Mumbai: Investors are betting that India’s rupee will break out of its narrow range and rally this year, and are expressing that view via currency options.
Volumes in the dollar-rupee options market have surged in the first few trading days of 2024, and the direction of these trades shows market participants expect the rupee to rise, escaping the central bank-induced narrow range of last year.
The rupee, on Monday, climbed to 82.7800 to the U.S. dollar, its highest in more than four months. It has gained 0.4% so far in January, while other major Asian currencies have fallen 1% to 1.5%.
Source – Reuters
Continue Reading
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, October 24
-
OER Magazines2 months ago
Signature, October 24
-
Magazines1 month ago
OER, October 24
-
Oman3 weeks ago
Shell Oman Partners with Oneroad Automotive Gives Away 2 Forthing Cars as Part of its ‘Win Big’ Campaign
-
Energy6 days ago
OUTLOOK: Emerging Markets and Renewables – The Twin Engines of Energy Growth for 2025
-
News2 weeks ago
Mitsubishi X-force Joins Sayarti’s Fleet: A New Era of Elegance and Performance
-
Local Events1 month ago
HH Sayyid Theyazin Opens 16th Meeting of International Forum of Sovereign Wealth Funds
-
Auto1 month ago
Moosa Abdul Rahman Hassan & Co. Celebrates Launch of 2025 Suzuki Swift and Opening of New Suzuki Showroom in Azaiba