Image for representation. | Photo Credit: Reuters The rupee gained 13 paise to 81.82 against the U.S. dollar in early trade on Thursday, boosted by foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 81.93 against the dollar, then climbed to 81.82, registering a rise of 13 paise over its previous […]
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The rupee depreciated 9 paise to 82.73 against the U.S. dollar in early trade on February 24, 2023. | Photo Credit: The Hindu The rupee depreciated 9 paise to 82.73 against the U.S. dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market. Sustained foreign fund […]
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Image for representational purposes only. | Photo Credit: The Hindu The rupee declined 24 paise to 82.09 against the U.S. dollar in early trade on Tuesday as heavy selling pressure in domestic equities and rising crude prices overseas weighed on investor sentiment. Besides, foreign fund outflows put pressure on the domestic unit, forex dealers said. […]
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Photo used for representational purpose only. File | Photo Credit: Reuters The rupee appreciated 26 paise to 81.67 against the U.S. dollar in early trade on Thursday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 81.72 against the dollar, then gained ground to touch […]
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A sell-off in domestic equities and risk-averse sentiments weighed on the local unit, traders said A sell-off in domestic equities and risk-averse sentiments weighed on the local unit, traders said The rupee depreciated 6 paise to a record low of 83.06 against the U.S. dollar in opening trade on Thursday due to a stronger greenback […]
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While the fall of the rupee has been relatively moderate, the pace at which India’s foreign exchange reserves are dwindling is a cause for concern While the fall of the rupee has been relatively moderate, the pace at which India’s foreign exchange reserves are dwindling is a cause for concern The rupee’s weakening exchange rate […]
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The dollar index, which measures the greenback’s strength against a basket of six currencies, was down 0.52% at 105.34. The dollar index, which measures the greenback’s strength against a basket of six currencies, was down 0.52% at 105.34. The rupee appreciated by 22 paise to close at ₹79.02 (provisional) against the U.S. dollar on Monday […]
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Amid the geopolitical tensions and increases by the Fed to combat U.S. inflation, the rupee has been on a downward spiral. Slowing exports and an inflated import bill have also weighed down the local currency. In order to iron out sharp volatility in the rupee, the RBI has dipped into its reserves, which however has […]
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Amid the geopolitical tensions and increases by the Fed to combat U.S. inflation, the rupee has been on a downward spiral. Slowing exports and an inflated import bill have also weighed down the local currency. In order to iron out sharp volatility in the rupee, the RBI has dipped into its reserves, which however has […]
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At the interbank forex market, rupee opened lower at ₹80.00 against the greenback and fell further to an intra-day low of ₹80.05 At the interbank forex market, rupee opened lower at ₹80.00 against the greenback and fell further to an intra-day low of ₹80.05 The rupee recovered from its all-time low of ₹80.05 to close […]
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