Currency Mantra Pvt Ltd.

18/10/2025

On this auspicious occasion of Dhanteras,
May your wealth multiply like foreign exchange rates in your favor,
And your prosperity convert into every currency of happiness and success!

At Currency Mantra, we believe in the value of every rupee, dollar, euro, and more –
And this Dhanteras, we wish your life is enriched, exchanged, and elevated
with peace, prosperity, and positive returns!

01/04/2024

We express our sincere appreciation for your continued trust and support throughout the financial year 2023-24. Your confidence in our currency exchange services has been instrumental to our success. As we enter the new financial year 2024-25, we kindly request your ongoing support and partnership, and we pledge to uphold the highest standards of service excellence. Thank you for choosing us as your preferred forex partner.

01/04/2022

10/12/2021

Market Update:
The rupee dropped by 18 paise to an over 17-month low of 75.78 against the US dollar on Friday amid consistent foreign fund outflows and growing concerns about inflation. the local unit opened lower at 75.65 a dollar and later tanked to the day's low of 75.85 in line with a lacklustre trend in equity markets. INR pared some of the losses in the closing session to end at lowest closing level since June 22, 2020. The rupee also declined for the third straight week with a weekly loss of 66 paise or 0.88 per cent against the greenback. The US consumer inflation data for November would be released later on Friday with experts expecting the consumer price index (CPI) to rise further. US inflation is expected to have risen 6.8 per cent year-on-year in November, overtaking a 6.2 per cent increase in October, which was the quickest increase in 31 years. Any hike in inflation would be seen as a case for tightening of monetary policy by the US Federal Reserve, which could lead to outflows of funds from emerging markets and riskier assets.

08/12/2021

Currency Markets Today

The USD/INR spot closed flat near 75.45 levels as RBI policy had little impact on USD/INR. “A bit of wobble was noticed post-policy as traders went long on policy divergence between dovish RBI and hawkish Fed, but thanks to lumpy corporate dollar flows, it returned to unchanged by the close.

Over the near term, the focus will shift to global markets, and there the risk-on mood in equity markets and strength in Chinese currency may rub against the strength in the US Dollar Index. This could result in a range-bound market over the near term. “We expect a range of 75.20 and 75.65 over the near term”.

The focus now is on this Friday’s US CPI data. A better than expected CPI print should increase further bets for the hawkish Fed and send the US Dollar higher once again. “The USD/INR spot has been trading above 75 zone all throughout this week and today’s dovish than expected RBI policy kept the uptrend in USDINR spot intact”.

Also, the divergence between Fed and RBI policies will keep the USD/INR spot afloat. “But this week we expect 75.70 to act as a strong resistance, as a slew of IPO-related flows can keep a check on the upside in spot, with 75 acting as strong support. Only a break of 75.70 will push prices towards 76 zone”.
Source MoneyControl

10/09/2021

Michhami Dukkadam.

03/09/2021