Rupee closed unchanged at 85.1700 per Dollar on Monday (23 December 2024), versus its previous close at the same level on Friday.Powered by Capital Market - Live News

The Indian rupee stayed weak, adding to latest losses. INR is quoting at 85.13, down 9 paise on the day and testing fresh record low. India`s foreign exchange reserves dipped by $1.98 billion to $652.87 billion as of December 13, according to data shared by the Reserve Bank of India (RBI) on Friday. The Weekly Statistical Supplement released by the RBI showed that the primary contributor to this decline was the drop in Foreign Currency Assets (FCAs), which fell by $3 billion to $562.58 billion. The US dollar index stayed well supported, zooming up near 108 mark and holding just under two year highs as a recent uptick in treasury yields and steady economic trends kept sentiments positive for the US currency. Powered by Capital Market - Live News

Large currency speculators marginally reduce net long position in the Pound futures, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 21647 contracts in the data reported through December 17, 2024. This was a weekly fall of 5478 net contracts.Powered by Capital Market - Live News

Large currency speculators in the Euro futures market slightly reduced their net short position, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 65895 contracts in the data reported through December 17, 2024. This was a weekly fall of 9678 net short contracts.Powered by Capital Market - Live News

US dollar index speculators turn net long, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net long position of 5641 contracts in the data reported through December 17, 2024, showing an increase of 8865 net long contracts compared to the previous week.Powered by Capital Market - Live News