The rupee benefitted from the initial reaction to the RBI rate cut, but the aggressive rate cut narrows the interest rate differential with global peers. Representational file image. | Photo Credit: Reuters The rupee appreciated 4 paise to close at 85.64 (provisional) against the U.S. dollar on Monday (June 9, 2025), supported by a firm […]
Continue ReadingForex traders said surging U.S. bond yields are rattling global investors. Moreover, the narrowing yield differential between India and the U.S., is making Indian assets less attractive. Representational file image. | Photo Credit: The Hindu Rupee depreciated 37 paise to close at 85.96 (provisional) against the U.S. dollar on Thursday (May 22, 2025), on dollar […]
Continue ReadingAt the interbank foreign exchange, the domestic unit opened at 85.65 and fell to 85.67 against the greenback, registering a loss of 9 paise over its previous close. Representational file image. | Photo Credit: The Hindu The rupee depreciated 9 paise to 85.67 against the American currency in early trade on Wednesday (May 21, 2025), […]
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