The rupee plunged 61 paise to decline below the 83-mark for the first time against the U.S. dollar on October 19 amid unabated foreign capital outflows and a strong dollar in the overseas markets. Besides, rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local currency, traders said. At […]
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The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the U.S. dollar on September 27 as the American currency retreated from its elevated levels. At the interbank Forex market, the local unit opened at 81.45 against the greenback. It witnessed an intra-day high of 81.30 and a low […]
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Yes Securities cites faster U.S. inflation to contend ‘worst for the rupee is behind us’ Yes Securities cites faster U.S. inflation to contend ‘worst for the rupee is behind us’ The inflation rate differentials between the U.S. and India suggest that the worst of the rupee’s decline may be over, an analyst at Yes Securities […]
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