The Indian rupee rose marginally in early buying and selling on Thursday, aided by positive aspects in most Asian currencies, with dollar-rupee ahead premiums additionally ticking up forward of the Reserve Financial institution of India’s (RBI) financial coverage resolution. Additionally learn: RBI to carry charges, might sound extra assured of reaching inflation goal: Report The … Read more
The rupee recovered from its all-time low degree and opened 25 paise greater at 83.84 in opposition to the US greenback in morning commerce on Tuesday, mirroring the rebound within the home fairness market, whilst aggressive greenback bids from overseas banks exerted strain on the native unit. Foreign exchange merchants mentioned threat aversion within the … Read more
The rupee appreciated 1 paisa to shut at 83.72 (provisional) towards the US greenback on Tuesday amid a constructive pattern in home markets forward of the US Fed coverage announcement. The home foreign money was buying and selling in a good vary of 83.72-83.74 all through the session. On the interbank international alternate market, it … Read more
The rupee moved in a slim vary earlier than settling flat at 83.73 (provisional) towards US greenback on Monday as a agency American forex in abroad markets offset the positive factors from weak crude oil costs. Foreign exchange merchants stated a restoration within the US greenback and greenback demand from importers restricted positive factors for … 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
Rupee opened on a muted word and fell to an all-time low of 83.72 in opposition to the US greenback on Thursday, dragged down by the power of the American forex within the abroad market and vital overseas fund outflows. Foreign exchange merchants stated the autumn within the home unit got here on the heels … Read more
The rupee recovered from its all-time low stage and appreciated by 5 paise to ₹83.65 towards the US greenback in early commerce on Monday, because the American forex retreated from its elevated stage. Foreign exchange merchants stated overseas fund inflows and doable intervention by the Reserve Financial institution of India (RBI) supported the rupee at … Read more
India’s overseas alternate reserves have surged to a file excessive, reaching a brand new peak of $666.85 billion, in line with knowledge from the Reserve Financial institution of India (RBI). The information highlights a rise of $9.69 billion in only one week, as of 12 July, surpassing the earlier excessive of $657.2 billion. The reserves … Read more
Rupee depreciated 6 paise and settled at its all-time low of 83.64 (provisional) towards the US greenback on Thursday, because the energy of the American forex within the abroad market and in a single day surge in crude oil costs weighed on investor sentiments. Foreign exchange merchants anticipate the rupee to commerce with a slight … Read more
The rupee traded flat at 83.49 towards the US foreign money within the early session on Wednesday amid losses in home equities and easing crude oil costs. On the interbank international alternate market, the rupee opened flat at 83.49 towards the US greenback. The native foreign money moved in a restricted vary of 83.49 to … Read more