Please verify your Email ID and Mobile Number today. Indian rupee opens higher at 64. Expect USD-INR to forex trading companies in bangalore in 64-64.
Rupee recovers from 1-week low, ends 7 paise higher at 64. Indian rupee slip to lowest level since Dec 18, trades at 64. Expect USD-INR to trade in range of 64-64. RBI to conduct two day variable rate Reverse Repo Auction under LAF Today for `10,000 Crore between 4. Indian rupee opens weak at 64.
While trade is international, currencies are national. What are the factors that affect the exchange rate of a currency? A country’s currency exchange rate is typically affected by the supply and demand for the country’s currency in the international foreign exchange market. The level of confidence in the economy of a particular country also influences the currency of that country.
How and why does the demand and supply of a currency increase and decrease? A rise in export earnings of a country increases foreign exchange supply. A rise in imports increases demand. These are the objective reasons, but there are many subjective reasons too. Some of the subjective reasons are: directional viewpoints of market participants, expectations of national economic performance, confidence in a country’s economy and so on. What is a currency futures contract? A currency futures contract is a standardized version of a forward contract that is traded on a regulated exchange.