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New Delhi: The rupee pared its initial losses and settled for the day on a positive note, higher by 2 paise to close at 86.55 against the US dollar on Wednesday, supported by positive domestic markets, while a strong US dollar and a recovery in crude oil prices capped sharp gains. Forex traders said the…
Last Updated:December 27, 2024, 1:41 PM IST The rupee fell to its fresh all-time low level on Friday on the back of dollar buying related to the expiry of the December currency futures contract and maturing NDF (non-deliverable forward) positions as well as month-end dollar demand. At the interbank foreign exchange, the rupee opened weak…
Last Updated:December 02, 2024, 3:32 PM IST At the interbank foreign exchange, the rupee opened at 84.59 and moved in a tight range before slipping to its fresh all-time low of 84 against the US dollar. The rupee has hit a fresh record low of 84.70 per US dollar, on disappointing macroeconomic data and FPI…
Last Updated:November 28, 2024, 12:18 IST At the interbank foreign exchange, the rupee opened at 84.45 and moved in a tight range and touched 84.47 against the greenback, registering a fall of 7 paise over its previous close. The 84.50 level remains a strong support for the USD/INR pair. The rupee fell 7 paise to…
Mumbai: India’s strong macroeconomic fundamentals — robust GDP growth, controlled inflation, managed twin deficits and record foreign reserves — have kept the rupee resilient despite foreign institutional investor (FII) outflows, a report showed on Wednesday. Most of the emerging markets have experienced FII outflows during October amid uncertainty around US election, geopolitical tensions in middle…
Last Updated:November 11, 2024, 5:07 pm IST The rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows, according to forex traders. The rupee continues its downward trajectory. Declining for the fourth straight session, the rupee dropped 2 paise to hit a…
Last Updated:November 06, 2024, 1:42 PM IST Rupee At All-Time Low: Analysts say Donald Trump’s win in the US presidential elections is likely to affect the rupee adversely as his inflationary policies might push up the dollar. Though Donald Trump’s victory could affect the rupee adversely, analysts say currency adjustments can well be managed with…
Mumbai: Rupee appreciated 7 paise to 83.82 against the US dollar in morning trade on Friday, supported by significant foreign fund inflows and a positive trend in domestic equities. Forex traders said a rise in global risk sentiments supported the rupee, while recovery in the US dollar and month-end dollar demand from importers and oil…
Mumbai: The rupee pared its initial gains and settled for the day 3 paise higher at 83.87 against the American currency on Monday, weighed down by a surge in crude oil prices. Forex traders said the Indian rupee gained in morning trade on rise in domestic markets and a weak US dollar. However, a surge…