Forex Market
The rupee depreciated 12 paise to 83.56 towards the US greenback in early commerce on Tuesday, weighed down by the strengthening of the American foreign money within the abroad markets and elevated crude oil costs. Foreign exchange merchants mentioned oil importers and overseas portfolio buyers (FPIs) purchased US {dollars} amid rising US yields, and this … Read more
The rupee plunged 17 paise to settle at over two-month low degree of 83.61 (provisional) towards the US greenback on Thursday amid surging crude oil costs because of renewed geopolitical tensions within the Center East, despite the fact that the home fairness markets hit recent peaks. Based on foreign exchange merchants, influx of international capital … Read more
India’s overseas alternate reserves jumped $4.307 billion to the touch a brand new lifetime excessive of $655.817 billion throughout the week that ended June 7, official information from the Reserve Financial institution of India (RBI) confirmed. The reserves have been rising on and off for a very long time now. Up to now in 2024, … Read more
The rupee settled for the day decrease by 6 paise at 83.56 (provisional) towards the US greenback on Tuesday, weighed down by a muted pattern in home equities and the energy of the American foreign money in abroad markets. Foreign exchange merchants mentioned the US greenback strengthened resulting from elevated demand from oil importers and … Read more
The rupee slipped 2 paise to 83.42 in opposition to the US greenback in early commerce on Thursday, monitoring the outflow of international capital amid unstable home fairness markets. Foreign exchange merchants mentioned a powerful American foreign money additionally weighed on the native unit at the same time as retreating crude oil costs capped the … Read more
The rupee rallied for the fourth consecutive buying and selling session on Friday and appreciated by 18 paise to settle at 83.11 (provisional) towards the US greenback on recent overseas fund inflows and suspected intervention by the RBI. Foreign exchange merchants attributed the rally to the ₹2.11 lakh crore file dividend by the RBI to … Read more
The rupee settled at an over two-month excessive of 83.10 in opposition to the greenback on Friday, its highest degree since March 19, largely led by sustained greenback gross sales on the again of heavy FPI inflows. After opening at a six-week excessive of 83.26, FPI greenback gross sales led to sustained momentum within the rupee … Read more
The rupee stayed range-bound and closed 3 paise decrease at 83.46 (provisional) towards the US greenback on Thursday amid a powerful American forex and rising crude oil costs in world markets. Foreign exchange merchants stated optimistic sentiment within the home fairness markets and the influx of overseas capital capped a pointy fall within the home forex. On … Read more
The rupee on Tuesday sank to a report closing low, weighed down by a robust greenback, rising geo-political tensions and sell-off by international portfolio buyers. The rupee closed 9 paise weaker at 83.54 per greenback towards the earlier shut of 83.45. The rupee breached its earlier intra-day low of ₹83.49 hit on November 10, 2023. … Read more
The rupee depreciated 8 paise to settle at 83.06 (provisional) in opposition to the US greenback on Monday, as strengthening American forex abroad and unfavorable sentiment within the home fairness markets weighed on the native unit. Nevertheless, the downward pattern within the world crude oil costs supported the home unit and restricted its decline, foreign … Read more