Image for representational purposes only. | Photo Credit: Reuters The rupee depreciated 25 paise to 85.86 against the U.S. dollar in early trade on Wednesday (June 4, 2025) amid outflows of foreign funds. Forex traders said the decline was limited by a positive domestic equity market, softer global crude oil prices and a weak American […]
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Forex traders said that a steady inflow of foreign funds supported the domestic unit even as investors stayed cautious, awaiting domestic GDP data to be released later in the day. Representational file image. | Photo Credit: Reuters The rupee pared its initial gains to settle 8 paise lower at 85.56 (provisional) against the U.S. dollar […]
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Image for representational purposes only. The rupee declined 10 paise to close at 85.48 (provisional) against the U.S. dollar on Thursday (May 29, 2025) due to a strong American currency against major crosses overseas and rising global crude oil prices. However, positive domestic equity market and foreign fund inflows supported the local currency and restricted […]
Continue ReadingAt the interbank foreign exchange, the domestic unit opened at 85.59 and fell further to 85.71 before trading again at 85.63 against the greenback, registering a fall of 23 paise from its previous close. Representational file image. | Photo Credit: The Hindu The rupee fell 23 paise to 85.63 against the U.S. dollar in early […]
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 […]
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Image for representational purposes only. | Photo Credit: REUTERS The rupee traded in a narrow range in morning trade on Thursday (May 22, 2025), as the support from weak dollar index was negated by elevated crude oil prices and persistent dollar demand from importers and foreign banks. Forex traders said broad-based dollar weakness, with DXY […]
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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Image used for representative purpose only. | Photo Credit: REUTERS The rupee appreciated 16 paise to 85.41 against the U.S. dollar in early trade on Monday, supported by a weak American currency in the overseas market and strong foreign fund inflows. Forex traders said the rupee is expected to trade in a narrow range as […]
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Image used for representative purpose only. | Photo Credit: Reuters Rupee depreciated sharply by 84 paise to close at 85.61 (provisional) against the U.S. dollar on Thursday, weighed down by heightened geopolitical tensions between India and Pakistan. Forex traders said investors resorted to risk aversion in the domestic markets after the Pakistani military attempted a […]
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Image used for representational purpose only. | Photo Credit: V. Sudershan The rupee depreciated 10 paise to close at 82.31 (provisional) against the U.S. currency on Monday as a strong American currency in the overseas market and firm crude oil prices weighed on investor sentiments. At the interbank foreign exchange market, the rupee opened at […]
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