2024-04-19 Indian Rupee News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend Analysis

Judging from the dataset, the exchange rates have a tendency to remain relatively stable. The data ranges from 0.01645 to 0.01651, which is a very small range, indicating that the rates did not significantly fluctuate on the date given. There is no clear evidence of either a general advancement or decline in the rates.

Seasonality or Recurring Patterns

A deep analysis of the data reveals no noticeable seasonality or recurring patterns. The rate of exchange does not show any apparent cyclical changes during different times of the day. While there are slight rate fluctuations, these changes do not appear to be regular or recurring.

Outliers in the Data

Two instances where the rate reached a high of 0.01651 could be considered outliers in this dataset as they deviate from the consistent range observed in this time period. However, given the diminutive range of exchange rates presented in the data, it's important to note that the term 'outlier' is somewhat relative in this case.

In summary, this time-series dataset reveals a stable exchange rate with very minor fluctuations. There is no detectable trend of increase or decrease, nor is there a discernable pattern of seasonality or repeated changes. Despite minor variances, the exchange rate detailed in this dataset demonstrates significant steadiness.

4 Hours It was a relatively calm day for the Indian Rupee (INR) on the exchange market as data from April 18, 2024 showed only minor fluctuations. The day saw a slight wavering between the decimal ranges, an insignificant but noteworthy subconscious financial dance of here now, gone tomorrow. The opening rate began at 0.01647 INR at the stroke of midnight on April 18, 2024, maintaining remarkable consistency until around 01:45, when a slight dip to 0.01645 was registered. However, this minor dip didn''t last long as the rate quickly bounced back to 0.01647 by 02:10 and mostly held steady for the subsequent few hours. There was a minor stir around 09:10 when the exchange rate hit 0.01648, marking the first significant rise of the day. This was followed by a soothing stabilization period, with the INR remaining in the bracket of 0.01647 and 0.01648 for several hours. A few intermittent drops to 0.01646 did occur but proved fleeting. The apex of the day came much later around 21:15, touching 0.0165. Interestingly, the upward trajectory was maintained for the rest of the day, only experiencing a slight dip to 0.01649 twice before regaining its previous high. While these fluctuations may seem marginal, they underline the fact that the foreign exchange market is a living entity, reacting to a myriad of macroeconomic factors that can initiate significant alterations. Stability observed in the INR over this period might indicate a strong economic setting or effective forex management from Indian financial institutions. However, it''s important to interpret these figures in context – caution should be exercised as the foreign exchange market is notoriously volatile, and past performance isn''t indicative of future results. Even minor adjustments in exchange rates can impact importers, exporters, and investors dealing with significant sums of money, and even tourists planning their next holidays. Looking forward, it would be interesting to observe if the INR can maintain its stability or if significant fluctuations are lurking around the corner. Factors to keep an eye on would be the ongoing economic conditions in India, expected policy changes, and international economic news. In conclusion, vigilance is the key when navigating the vast and unpredictable ocean of forex trading. Indeed, as this day of trading shows, sometimes the calmest waters can hide the most intriguing depths. Investors and traders should stay tuned for further updates to make informed decisions. In the whirlwind world of foreign exchange, nothing remains static.Minor Fluctuations Observed in INR Exchange Rates Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.