Image for representation purpose only. | Photo Credit: Getty Images The rupee consolidated in a narrow range and settled 2 paise lower at 82.82 (provisional) against the U.S. dollar on Thursday. Traders said the domestic unit traded in a narrow range amid softening crude oil prices and weak dollar. At the interbank forex market, the […]
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Image used for representational purpose only. | Photo Credit: Reuters The rupee declined 9 paise to 82.74 against the U.S. dollar in early trade on December 27 as rising crude prices weighed on investor sentiment. Besides, foreign fund outflows put pressure on the domestic unit, forex dealers said. At the interbank foreign exchange, the domestic […]
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The Reserve Bank of India this week launched the digital rupee on a pilot basis. | Photo Credit: FRANCIS MASCARENHAS The story so far: The Reserve Bank of India this week launched the digital rupee on a pilot basis. The digital currency will be offered by a select group of public and private banks in […]
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Image for representation purpose only. | Photo Credit: Getty Images The rupee appreciated 34 paise to close at 81.38 (provisional) against the U.S. dollar on November 30 as a weak greenback in the overseas market and a rally in domestic equities boosted investor sentiment. At the interbank foreign exchange market, the local unit opened at […]
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Douglas W. Diamond, the winner of the 2022 Nobel Prize in economics. | Photo Credit: PTI Douglas W. Diamond, winner of this year’s Nobel Memorial Prize in Economic Sciences, says it is difficult to predict exchange rates but the rupee should stabilise once the U.S. “reduces the speed of its rate increases”. In an email […]
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Image used for representational purposes only. | Photo Credit: Special Arrangement The rupee appreciated 16 paise to 81.54 against the U.S. dollar in early trade on Friday on broad dollar weakness and in line with its Asian peers. At the interbank foreign exchange, the domestic unit opened at 81.69 against the dollar, then gained ground […]
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Image for representation purpose only. | Photo Credit: Reuters The rupee depreciated 7 paise to close at 81.81 (provisional) against the U.S. dollar on Monday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities. At the interbank foreign exchange market, the local unit opened at 81.84 […]
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Image used for representational purpose only. | Photo Credit: V. Sudershan The rupee appreciated 10 paise to 81.54 against the U.S. dollar in early trade on November 18 as foreign fund inflows and a weak greenback in overseas markets boosted investor sentiments. At the interbank foreign exchange, the domestic unit opened up at 81.59 against […]
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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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At the interbank foreign exchange, the domestic unit opened at 82.14 against the dollar, then gained further ground to touch 82.12 At the interbank foreign exchange, the domestic unit opened at 82.14 against the dollar, then gained further ground to touch 82.12 The rupee appreciated 23 paise to 82.12 against the U.S. dollar in early […]
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