The rupee traded in a slender vary to settle 2 paise increased at 83.95 (provisional) towards the American forex on Wednesday, helped by a pointy decline within the US Greenback towards main currencies abroad. Foreign exchange merchants stated a mixed-to-positive tone within the home market additionally supported the rupee. Nonetheless, international fund outflows and geopolitical … Read more
Rupee declined to its weakest degree on document on Friday, pressured by greenback demand from native oil firms, custodial banks and tepid danger sentiment. The rupee was at 83.7175 towards the US greenback as of 10:35 am, having slipped to a document low of 83.7250 in early commerce. The forex had closed at 83.6975 within … 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
The rupee tumbled 45 paise to shut at 83.59 (provisional) in opposition to the US greenback on Tuesday because the ruling BJP is unlikely to muster an absolute majority within the Lok Sabha elections. Apart from, a large sell-off in home equities and a robust dollar in opposition to main currencies abroad added to the … 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