Rupee weakens against dollar as govt measures disappoint
6 years, 6 months ago

Rupee weakens against dollar as govt measures disappoint

Live Mint  

Mumbai: The Indian rupee on Monday weakened against the US dollar as investors were disappointed with the latest measures taken by the government to halt the continued fall in currency. Government on Friday unveiled series of steps to support the currency including relaxing overseas borrowing restrictions on manufacturers and easing the cap that limits foreign ownership of individual company bonds. However, given the build-up of expectations into the weekend meeting, the policy response will likely disappoint market expectations”, said Nomura Research in a note to its investors. “In our view, the announcements may fall short of bringing in the USD8bn-10bn estimated by the government because most capital inflows are driven by global push factors rather than domestic pull factors.

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History of this topic

Rupee rises 25 paise to close at 85.49 against U.S. dollar
6 days, 5 hours ago

Rupee rises 25 paise to close at 85.49 against U.S. dollar

The Hindu  

The Rupee appreciated 25 paise to close at 85.49 against the U.S. dollar on Friday logging the best monthly gain in more than six years, supported by a resurgence of foreign fund inflows. However, sharp upside for the local unit was restricted by weak domestic markets and rising U.S. dollar. However, month-end dollar demand from importers and oil marketing companies …

Rupee rises 18 paise to 85.56 against U.S. dollar in early trade
6 days, 9 hours ago

Rupee rises 18 paise to 85.56 against U.S. dollar in early trade

The Hindu  

The rupee appreciated 18 paise to 85.56 against the U.S. dollar in early trade on Friday, as sustained foreign fund inflows provided support to the local unit. According to Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP, the USD/INR pair is expected to trade in a range of 85.60/86 as today's session will be the …

Rupee falls 8 paise to settle at 85.77 against U.S. dollar
1 week ago

Rupee falls 8 paise to settle at 85.77 against U.S. dollar

The Hindu  

The rupee weakened by 8 paise to close at 85.77 against the U.S. dollar on Thursday, as month-end dollar demand from importers, coupled with the greenback's recovery against major currencies, weighed on the rupee. The U.S. dollar strengthened after U.S. president Donald Trump late on Wednesday announced long-promised 25% tariffs on automotive imports, set to take effect on April 2. …

Rupee falls 24 paise to 85.93 against U.S. dollar in early trade
Trending News
1 week ago

Rupee falls 24 paise to 85.93 against U.S. dollar in early trade

The Hindu  

The rupee depreciated 24 paise to 85.93 against the U.S. dollar in early trade on Thursday, as U.S. President Donald Trump's tariff policies reignited fears of a global trade war, fuelling inflation concerns and causing ripple effects across currency markets. The U.S. dollar strengthened after Mr. Trump on late Wednesday announced long-promised 25% tariffs on automotive imports, set to take …

Rupee rises 3 paise to close at 85.69 against U.S. dollar
1 week, 1 day ago

Rupee rises 3 paise to close at 85.69 against U.S. dollar

The Hindu  

The rupee pared its initial losses and settled for the day higher by 3 paise at 85.69 against the U.S. dollar on Wednesday, supported by a resurgence of foreign fund inflows. Forex dealers said the rupee faces renewed pressure on liquidity constraints, concerns over reciprocal tariff implementations and month-end demand for the U.S. currency from importers. On Tuesday, the rupee …

Rupee falls 6 paise to 85.78 against U.S. dollar in early trade
1 week, 1 day ago

Rupee falls 6 paise to 85.78 against U.S. dollar in early trade

The Hindu  

The rupee weakened by 6 paise to 85.78 against the U.S. dollar in early trade on Wednesday, weighed down by a negative trend in domestic equities and the recovery of the American currency in the overseas market. Forex dealers said the rupee faced renewed pressure on liquidity constraints, concerns over reciprocal tariff implementations and month-end demand for the U.S. currency …

Rupee halts nine-day rally, settles at 85.75 vs US dollar as importers step in, Asian peers slip
1 week, 2 days ago

Rupee halts nine-day rally, settles at 85.75 vs US dollar as importers step in, Asian peers slip

Live Mint  

The Indian rupee closed lower to halt a nine-day winning run on Tuesday as importers stepped in to hedge liabilities at favourable levels, dollar inflows moderated and the local currency's regional peers slipped. Intermittent inflows from overseas portfolio investors and the repatriation of corporate dollar-based earnings ahead of the fiscal year ending March 31 have helped the rupee outpace its …

Rupee halts nine-day rally, settles at 85.75 vs US dollar as importers step in, Asian peers slip
1 week, 2 days ago

Rupee halts nine-day rally, settles at 85.75 vs US dollar as importers step in, Asian peers slip

Live Mint  

The Indian rupee closed lower to halt a nine-day winning run on Tuesday as importers stepped in to hedge liabilities at favourable levels, dollar inflows moderated and the local currency's regional peers slipped. Intermittent inflows from overseas portfolio investors and the repatriation of corporate dollar-based earnings ahead of the fiscal year ending March 31 have helped the rupee outpace its …

Rupee falls 13 paise to settle at 85.74 against U.S. dollar
1 week, 2 days ago

Rupee falls 13 paise to settle at 85.74 against U.S. dollar

The Hindu  

The rupee snapped its seven-session rally and settled with a loss of 13 paise at 85.74 against the U.S. dollar on Tuesday, as increased demand for dollars from importers, coupled with the greenback's recovery against major currencies, weighed on the rupee. Forex traders said the Indian rupee halted its seven-day winning streak, reflecting a shift in market sentiment towards risk …

Rupee hits two-month high of 85.93 against US dollar on fresh inflows, logs biggest weekly gain in over two years
Trending News
1 week, 6 days ago

Rupee hits two-month high of 85.93 against US dollar on fresh inflows, logs biggest weekly gain in over two years

Live Mint  

INR vs USD Rate Today: The Indian rupee posted its best day against the US dollar in two months after rising for the sixth straight session on Friday, March 21. INR vs USD Rate Outlook “Rupee strengthened with a sharp rise of ₹0.40 or 0.46 per cent at 85.94, as foreign inflows surged with strong buying figures. The US Fed's …

Rupee hits 2-month peak as US dollar sales, seasonal inflows support currency
2 weeks ago

Rupee hits 2-month peak as US dollar sales, seasonal inflows support currency

Live Mint  

The Indian rupee hit a near two-month high on Thursday, boosted by dollar sales by foreign banks and the culling of bearish wagers as seasonal inflows propped up the currency. Traders have attributed the rupee's recent rally primarily to dollar sales by foreign banks, likely on behalf of their clients. The recent inflows likely triggered the unwinding of 'structural' long …

Bears bail as inflows boost Indian rupee to near two-month high
2 weeks ago

Bears bail as inflows boost Indian rupee to near two-month high

Live Mint  

By Jaspreet Kalra and Nimesh Vora MUMBAI, March 20 - The Indian rupee hit a near two-month high on Thursday, boosted by dollar sales by foreign banks and the culling of bearish wagers as seasonal inflows propped up the currency. Traders have attributed the rupee's recent rally primarily to dollar sales by foreign banks, likely on behalf of their clients. …

Rupee rises 12 paise to 86.25 against U.S. dollar in early trade
Top News
2 weeks ago

Rupee rises 12 paise to 86.25 against U.S. dollar in early trade

The Hindu  

The Rupee appreciated 12 paise to 86.25 against the U.S. dollar in early trade on Thursday, tracking positive domestic equities and the weakness of the American currency in the overseas market. However, risks remain owing to unabated Foreign Institutional Investor sell-off and uncertainty surrounding U.S. President Donald Trump's tariff stance could pose challenges to the Rupee's upward momentum. Meanwhile, the …

Rupee hits nearly two-month high of 86.54 on softer US dollar: Is the domestic currency poised for further gains?
2 weeks, 2 days ago

Rupee hits nearly two-month high of 86.54 on softer US dollar: Is the domestic currency poised for further gains?

Live Mint  

INR vs USD Today: The rupee appreciated for the third consecutive session to hit a nearly two-month high mark during the session and registered gains of 25 paise to close at 86.56 against the US dollar on Tuesday, March 18, amid positive domestic equity market sentiments and a weak American currency. -The rupee has strengthened for four consecutive sessions and …

Rupee gains 1 paisa to 87.30 against U.S. dollar in early trade
3 weeks, 2 days ago

Rupee gains 1 paisa to 87.30 against U.S. dollar in early trade

The Hindu  

The rupee turned almost flat and gained 1 paisa to 87.30 against the U.S. dollar in early trade on Tuesday on the back of weaker American currency and lower level of crude oil prices. However, volatile domestic equity markets amid fear of recession in the U.S. and trade-related uncertainties impacted investor sentiment adversely, forex traders said. At the interbank foreign …

Rupee Falls 41 Paise Against USD, Worst Single Day Drop in a Month
3 weeks, 3 days ago

Rupee Falls 41 Paise Against USD, Worst Single Day Drop in a Month

Deccan Chronicle  

Mumbai: The Indian rupee fell by 41 paise to close at 87.36 against the US dollar on Monday, marking its steepest single-day drop in over a month since February 5 amid worries about the United States' statements on tariffs on Indian exports to the US. Market participations are now closely monitoring consumer inflation data from both India and the US, …

Rupee sinks 38 paise to 87.33 against U.S. dollar; logs worst single-day fall in a month
3 weeks, 3 days ago

Rupee sinks 38 paise to 87.33 against U.S. dollar; logs worst single-day fall in a month

The Hindu  

The rupee depreciated by 38 paise, its steepest fall in over a month, to close at 87.33 against the U.S. dollar on Monday due to volatile crude oil prices amid tariff uncertainties worldwide and unabated outflow of foreign funds. Domestic equity markets closed lower with the 30-share BSE Sensex falling by 217.41 points, or 0.29%, to 74,115.17, and the Nifty …

Weaker dollar unlikely to help rupee amid tariff worries, importer hedging
Trending News
3 weeks, 3 days ago

Weaker dollar unlikely to help rupee amid tariff worries, importer hedging

Live Mint  

By Jaspreet Kalra MUMBAI, March 10 - The Indian rupee is likely to open lower on Monday despite weakness in the U.S. dollar as concerns over global trade tensions continue to dampen risk appetite, while importers' hedging requirements may also weigh on the currency. U.S. President Donald Trump's tariff policies are also likely to stay in focus amid concerns about …

Govt wants rupee stability; RBI may again aggressively defend the currency
3 weeks, 3 days ago

Govt wants rupee stability; RBI may again aggressively defend the currency

Live Mint  

Mumbai/New Delhi: The Reserve Bank of India is expected to continue defending the rupee, with the government expressing confidence that the central bank's strategic interventions would stagger the pace of slide, according to a senior official. There is no change in the forex policy of the central bank despite several quarters believing that under the new governor Sanjay Malhotra, RBI …

Rupee falls 6 paise to settle at 87.12 against U.S. dollar
4 weeks ago

Rupee falls 6 paise to settle at 87.12 against U.S. dollar

The Hindu  

The rupee snapped its three-day rally and settled with a loss of 6 paise at 87.12 against the U.S. dollar on Thursday amid uncertainty over trade tariffs and persistent foreign fund outflows. In initial trade, the local currency gained momentum after the U.S. delayed implementation of higher tariffs on Canada and Mexico, and RBI's decision to infuse ₹1.9 trillion liquidity …

Rupee falls 5 paise to 87.11 against US dollar in early trade
4 weeks ago

Rupee falls 5 paise to 87.11 against US dollar in early trade

The Hindu  

The rupee failed to sustain its gaining momentum and fell 5 paise to 87.11 against the US dollar in early trade on Thursday as a lower American currency and crude oil prices failed to boost sentiment amid volatile equity markets and foreign funds outflow. In the domestic equity market, the 30-share BSE Sensex was trading 20.53 points, or 0.03 per …

Dollar vs rupee: How currency fluctuations impact Indian investments in US markets
4 weeks, 1 day ago

Dollar vs rupee: How currency fluctuations impact Indian investments in US markets

Firstpost  

Returns for Indian investors in US stocks are a combination of two factors: market performance and currency depreciation The Indian rupee’s steady decline against the US dollar has been a subject of concern for policymakers, businesses and consumers alike. Historically, the rupee has depreciated at an average rate of 3-4 per cent per year, effectively offering Indian investors an additional …

Rupee falls 8 paise to 87.40 against U.S. dollar in early trade
4 weeks, 2 days ago

Rupee falls 8 paise to 87.40 against U.S. dollar in early trade

The Hindu  

The rupee declined 8 paise to 87.40 against the U.S. dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and a prevailing liquidity deficit. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was at 106.61, lower by 0.12%, amid escalating trade tensions, which have been triggered by US. “With …

Rupee settles 3 paise higher at 87.34 against U.S. dollar
1 month ago

Rupee settles 3 paise higher at 87.34 against U.S. dollar

The Hindu  

The rupee settled with a gain of 3 paise at 87.34 against the U.S. dollar on Monday amid weakness of the American currency in the overseas market and lower crude oil prices. “Going further, Mr. Choudhary said, “traders may take cues from ISM manufacturing PMI data from the U.S., while the USD-INR spot price is expected to stay in a …

Rupee rises 9 paise to 87.28 against U.S. dollar in early trade
1 month ago

Rupee rises 9 paise to 87.28 against U.S. dollar in early trade

The Hindu  

The rupee appreciated 9 paise to 87.28 against the U.S. dollar in early trade on Monday as the American currency index retreated from elevated level and domestic equity markets indicated some recovery after firm macroeconomic data. The Reserve Bank on Friday conducted U.S. dollar-rupee swap worth $10 billion for injecting long-term liquidity in the system, with the auction eliciting robust …

Rupee falls 19 paise to 87.37 against U.S. dollar in early trade
1 month ago

Rupee falls 19 paise to 87.37 against U.S. dollar in early trade

The Hindu  

The rupee declined 19 paise to 87.37 against the U.S. dollar in early trade on Friday, as the strength of the American currency and a negative trend in domestic equities dented investor sentiments. At the interbank foreign exchange, the rupee opened at 87.32, then fell to 87.37 against the American currency, registering a decline of 19 paise over its previous …

Rupee falls 22 paise to 87.41 against U.S. dollar in early trade
1 month, 1 week ago

Rupee falls 22 paise to 87.41 against U.S. dollar in early trade

The Hindu  

The rupee declined 22 paise to 87.41 against the US dollar in early trade on Thursday after the latest tariff announcements from the US weighed on emerging currencies, including the rupee. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar. Global financial markets experienced renewed volatility as US President Donald …

Rupee logs biggest single-day drop in 3 weeks: Is the domestic currency poised for further weakness? Experts weigh in
1 month, 1 week ago

Rupee logs biggest single-day drop in 3 weeks: Is the domestic currency poised for further weakness? Experts weigh in

Live Mint  

INR vs USD Today: The Indian rupee logged its worst day in three weeks on Tuesday, February 25, 2025, dragged by weakness in regional peer currencies, importer hedging and US dollar demand related to the expiry of the non-deliverable forward contracts causing month-end interest among importers. According to forex traders, elevated greenback against major crosses and sustained foreign institutional outflows …

Rupee crash casts shadow over US-bound Indian students’ dreams; total cost may go up by ₹3.7 lakh a year
1 month, 1 week ago

Rupee crash casts shadow over US-bound Indian students’ dreams; total cost may go up by ₹3.7 lakh a year

Live Mint  

As the Indian rupee continues to fall against the US dollar, students from India who plan to travel abroad for higher studies stare at a tough road ahead. Although the banking regulator’s intervention strengthened the rupee by nearly one per cent against the US dollar, the rupee still trades nearly five per cent lower than its level one year ago. …

Rupee Falls 51 Paise to 87.23, Worst Drop in 3 Weeks
1 month, 1 week ago

Rupee Falls 51 Paise to 87.23, Worst Drop in 3 Weeks

Deccan Chronicle  

Mumbai: The Indian rupee fell sharply by 51 paise on Tuesday to settle at 87.23 against the US dollar due to month-end dollar demand by importers and oil marketing companies, covering of short positions due to the expiry of the futures contract, uncertainty over US trade tariffs, and outflows from foreign portfolio investors. Over the past six months, the Indian …

Rupee plummets 51 paise to end at 87.23 against U.S. dollar
1 month, 1 week ago

Rupee plummets 51 paise to end at 87.23 against U.S. dollar

The Hindu  

The rupee fell sharply by 51 paise to settle at 87.23 against the U.S. dollar on Tuesday due to month-end dollar demand by importers amid uncertainty over U.S. trade tariffs. "The rupee fell sharply against the U.S. dollar amid uncertainty over U.S. trade tariffs and demand from importers towards the end of the month. However, any intervention by the RBI …

Rupee falls 7 paise to close at 86.71 against U.S. dollar
1 month, 1 week ago

Rupee falls 7 paise to close at 86.71 against U.S. dollar

The Hindu  

The rupee pared initial gains and settled 7 paise lower at 86.71 against the U.S. dollar on Friday, weighed down by sustained foreign fund outflows and a recovery in the American currency index. Forex traders said the Indian rupee declined on Friday on weak domestic markets and a recovery in the U.S. dollar index. However, any fresh intervention by the …

Rupee rises 14 paise to 86.50 against U.S. dollar in early trade
1 month, 1 week ago

Rupee rises 14 paise to 86.50 against U.S. dollar in early trade

The Hindu  

The rupee appreciated 14 paise to 86.50 against the U.S. dollar in early trade on Friday, fuelled by the broad weakening of the US dollar, which faced downward pressure from lackluster economic data. "The dollar's weakness created a favourable environment for the Indian rupee," CR Forex Advisors MD - Amit Pabari said, adding that "India's robust real yield of 2.39% …

Rupee Rises 33 Paise on Strong Dollar Inflows
1 month, 2 weeks ago

Rupee Rises 33 Paise on Strong Dollar Inflows

Deccan Chronicle  

Mumbai: The Indian rupee saw a relief rally, settling at a one-week high on Thursday, tracking the Chinese yuan and dollar sales from foreign banks. Adding to the positive sentiment was data showing that the rupee’s 40-currency Real Effective Exchange Rate eased to 104.83 in January 2025, down from a high of 108.30 in November and 107.20 in December 2024. …

Rupee rises 33 paise to close at 86.65 against U.S. dollar
1 month, 2 weeks ago

Rupee rises 33 paise to close at 86.65 against U.S. dollar

The Hindu  

The rupee appreciated 33 paise to close at 86.65 against the U.S. dollar on Thursday, supported by the weakening of the American currency in the overseas market. Forex traders said on the domestic front, India's economy is expected to demonstrate a strong momentum in the second half of the year but the rupee is battling global headwinds. According to an …

Weak rupee could pave the way for a long-awaited IT recovery
1 month, 2 weeks ago

Weak rupee could pave the way for a long-awaited IT recovery

Live Mint  

The Indian information technology sector has been trying to make a meaningful comeback for a while. From a macro perspective, a sinking rupee spells trouble, mainly for importers, but India’s IT firms are exporters of services and a large part of their revenue is denominated in these currencies. Pole position LTIMindtree Ltd, Wipro Ltd, Sagility India Ltd and Coforge Ltd …

Rupee to gauge fresh round of tariff threats, cautious Fed outlook
1 month, 2 weeks ago

Rupee to gauge fresh round of tariff threats, cautious Fed outlook

Live Mint  

By Jaspreet Kalra MUMBAI, Feb 20 - The Indian rupee is likely to open little changed on Thursday as traders assess fresh U.S. tariff threats and a cautious rate outlook from the Federal Reserve after its latest policy meeting minutes highlighted upside risks to inflation. Indian pharmaceutical stocks declined on Wednesday following Trump's tariff threat as the U.S. accounts for …

Rupee falls 8 paise to close at 86.96 against U.S. dollar
1 month, 2 weeks ago

Rupee falls 8 paise to close at 86.96 against U.S. dollar

The Hindu  

Rupee depreciated 8 paise to close at 86.96 against U.S. dollar weighed down by sustained foreign fund outflows and an uptick in the U.S. Dollar index. Forex traders said there is a negative bias for the USD/INR pair as foreign investors continue to sell domestic equities and the RBI support is tapering off slowly. "We expect the rupee to trade …

Rupee falls 8 paise to close at 86.96 against US dollar
1 month, 2 weeks ago

Rupee falls 8 paise to close at 86.96 against US dollar

Live Mint  

Mumbai, Rupee depreciated 8 paise to close at 86.96 against US dollar weighed down by sustained foreign fund outflows and an uptick in the US Dollar index. India's exports declined for the third month in a row in January, falling by 2.38 per cent year-on-year to USD 36.43 billion, while the trade deficit widened to USD 22.99 billion in the …

Rupee falls 8 paise to 86.96 against U.S. dollar in early trade
1 month, 2 weeks ago

Rupee falls 8 paise to 86.96 against U.S. dollar in early trade

The Hindu  

The rupee depreciated 8 paise to 86.96 against the U.S. dollar in early trade on Tuesday, weighed down by sustained foreign fund outflows and a negative trend in domestic equities. Forex traders said there is a negative bias for the USD/INR pair as foreign investors continue to sell domestic equities and the RBI support is tapering off slowly. A decisive …

Rupee falls 16 paise to close at 86.87 against U.S. dollar
1 month, 2 weeks ago

Rupee falls 16 paise to close at 86.87 against U.S. dollar

The Hindu  

The rupee depreciated 16 paise to close at 86.87 against the U.S. dollar on Monday, weighed down by significant foreign fund outflows and a recovery in the U.S. dollar index from intraday lows. Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree and importers scrambled to secure dollars, as …

Rupee trades in narrow range against U.S. dollar in early trade
1 month, 2 weeks ago

Rupee trades in narrow range against U.S. dollar in early trade

The Hindu  

The rupee witnessed a range-bound trade and depreciated 5 paise to 86.76 against the U.S. dollar in initial deals on Monday, weighed down by significant foreign fund outflows and a negative trend in domestic equities. Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree and importers scrambled to secure …

Rupee trades in narrow range against US dollar in early trade
1 month, 2 weeks ago

Rupee trades in narrow range against US dollar in early trade

Live Mint  

Mumbai, The rupee witnessed a range-bound trade and depreciated 5 paise to 86.76 against the US dollar in initial deals on Monday, weighed down by significant foreign fund outflows and a negative trend in domestic equities. Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree and importers scrambled to …

Rupee falls 8 paise to 86.87 against U.S. dollar
1 month, 3 weeks ago

Rupee falls 8 paise to 86.87 against U.S. dollar

The Hindu  

The rupee failed to sustain its recovery and depreciated 8 paise to close at 86.87 against the U.S. dollar on Wednesday due to a firm American currency and an unending outflow of foreign funds. According to forex traders, rupee stayed firm initially but lost grounds amid volatile domestic equity markets that also added to the trend of withdrawal by foreign …

RBI’s aggressive dollar sales helps rupee recover
1 month, 3 weeks ago

RBI’s aggressive dollar sales helps rupee recover

Deccan Chronicle  

Mumbai: The Reserve Bank of India’s aggressive intervention in the forex market over the last two days helped the rupee record its steepest single-day recovery in nearly two years despite a rising dollar index. The central bank has been aggressively intervening in the foreign exchange market over last two days by selling dollars in the spot and the forward markets …

RBI intervenes to stop rupee’s fall to 88 to a dollar
1 month, 3 weeks ago

RBI intervenes to stop rupee’s fall to 88 to a dollar

Live Mint  

The rupee recovered from its all-time low on Monday after the Reserve Bank of India likely intervened by selling dollars in the wake of US President Donald Trump’s announcement of fresh tariff plans. According to traders, the rupee was supported by the central bank’s strong intervention since the start of trade. The rupee’s real effective exchange rate was at an …

Rupee settles flat at 87.50 against U.S. dollar after inching close to 88-level in intra-day trade
1 month, 3 weeks ago

Rupee settles flat at 87.50 against U.S. dollar after inching close to 88-level in intra-day trade

The Hindu  

The rupee on Monday plunged 45 paise and moved closer to the 88 per U.S. dollar-level, weighed down by the strength of the American currency tariff concerns, but settled on a flat note at 87.50 on suspected RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25% tariffs on steel and …

Rupee settles flat at 87.50 against USD after inching close to 88-level in intra-day trade
1 month, 3 weeks ago

Rupee settles flat at 87.50 against USD after inching close to 88-level in intra-day trade

Live Mint  

Mumbai, Feb 10 The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but settled on a flat note at 87.50 on suspected RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per …

Rupee plunges 45 paise to hit record low of 87.95 against U.S. dollar in early trade
1 month, 3 weeks ago

Rupee plunges 45 paise to hit record low of 87.95 against U.S. dollar in early trade

The Hindu  

The rupee depreciated 45 paise to hit a record low of 87.95 against the U.S. dollar in early trade on Monday weighed down by the strength of the American currency in the overseas market and a negative trend in domestic equities. Rupee was expected to open weaker after RBI cut rates on Friday by 25 bps and was expected to …

Rupee opens at record low of 87.92 against US dollar as Asian currencies slip on Donald Trump’s new tariff plan
1 month, 3 weeks ago

Rupee opens at record low of 87.92 against US dollar as Asian currencies slip on Donald Trump’s new tariff plan

Live Mint  

The Indian rupee opened at a record low on Monday, tracking losses in Asian currencies after US President Donald Trump said he will introduce more tariffs. The rupee slipped 49 paise to open at an all-time low of 87.92 against the US dollar as against its Friday’s close of 87.43 per USD. “The rupee is expected to trade at elevated …

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