A cashier checks Indian rupee notes. File | Photo Credit: Reuters The rupee depreciated by 10 paise to settle at 82.89 (provisional) against the U.S. dollar on Wednesday, as intense selling pressure in domestic equities and a strong greenback overseas dented the sentiment. However, a sharp decline in crude oil prices in the international market […]
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File image. | Photo Credit: PTI The Reserve Bank of India (RBI) net sold $33.42 billion in the foreign exchange market in the first six months of current fiscal to defend the rupee from excessive volatility. The Central Bank closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing […]
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Image used for representational purpose only. | Photo Credit: Reuters The rupee witnessed heavy volatility in early trade on November 14 and depreciated 15 paise to 80.93 against the U.S. dollar in line with a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened on a strong note at 80.53 […]
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The rupee appreciated 5 paise to 79.82 against the U.S. dollar in early trade on September 5 in line with a positive trend in domestic equities. Forex traders said the rupee is trading in a narrow range as the strengthening of the American currency in the overseas market and rising crude oil prices are weighing […]
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Country’s June trade deficit widened to a record high of $25.63 billion from $9.61 billion a year earlier Country’s June trade deficit widened to a record high of $25.63 billion from $9.61 billion a year earlier The Indian rupee hit a record low against the U.S. dollar on Tuesday as concerns of a wider current […]
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