The rupee strengthened by 10 paise to hit a two-month excessive degree of 83.66 in opposition to the US greenback on Thursday after the US Federal Reserve minimize the benchmark rate of interest by 0.50 per cent, boosting traders’ sentiment. Foreign exchange merchants stated large shopping for in home equities and influx of international funds … Read more
The rupee gained 2 paise to shut at 83.95 (provisional) towards the US greenback on Friday amid a weak buck in abroad markets. Nevertheless, damaging home markets, rise in crude oil costs, and outflow of overseas capital capped sharp positive aspects, foreign exchange merchants mentioned. On the interbank forex market, the native unit opened at … Read more
The rupee traded in a slim vary and settled for the day increased by 4 paise at 83.97 (provisional) in opposition to the US greenback on Thursday, on weakening of the American foreign money within the abroad market and an total drop in crude oil costs. Foreign exchange merchants stated the home unit witnessed a … Read more
The Indian rupee declined on Monday monitoring weak spot throughout different main Asian currencies, whereas buyers regarded for information to gauge the tempo of financial coverage easing by the Federal Reserve. The rupee settled at 83.9175 to the US greenback, in comparison with its earlier shut of 83.8625. Different Asian currencies had been down between … Read more
The rupee has been oscillating up and down in a sideways vary over the past three weeks. The home forex has been range-bound between 83.75 and 84. Inside this vary, it closed at 83.92 on Tuesday. Surprisingly, the current sharp fall within the greenback index has not aided the rupee to achieve power. The greenback … Read more
The Indian rupee closed stronger on Friday, monitoring positive aspects in most Asian currencies, as buyers awaited remarks from Federal Reserve Chair Jerome Powell, anticipated to form market expectations for charge cuts on the earth’s largest financial system. The rupee closed at 83.89 in opposition to the US greenback, increased than its shut at 83.9525 … Read more
The rupee traded in a slim vary in morning commerce on Thursday, because the help from constructive home equities was negated by relentless greenback demand from importers. On the interbank international alternate market, the native unit opened at 83.93 and fell to 83.95, registering a lack of 5 paise from its earlier shut. On Wednesday, … Read more
The rupee ended at an all-time closing low of 83.85 per greenback on Monday as FPIs offered within the Indian fairness markets amid a world sell-off, which was triggered by unwinding of carry trades, weak US financial information elevating the spectre of a slowdown, and the Fed stepping into for deeper fee cuts. Nevertheless, the … Read more
The rupee weakened to an all-time low on Monday, pressured by greenback demand from importers, together with oil corporations, at the same time as most of its Asian friends logged features. The rupee declined to 83.73 to the greenback, slipping previous the earlier all-time low of 83.7275 hit on Friday. The native foreign money hit … Read more
The rupee rose 2 paise to 83.71 in opposition to the US foreign money in early commerce on Wednesday following a marginal dip within the greenback in abroad markets. On the interbank foreign money alternate, the home foreign money opened at 83.72, 1 paisa greater than the day before today’s shut. The home unit moved … Read more