Rupee gains 46 paise to 78.94 per US dollar ahead of RBI policy outcome
2 years, 5 months ago

Rupee gains 46 paise to 78.94 per US dollar ahead of RBI policy outcome

Firstpost  

The RBI’s rate-setting panel - the Monetary Policy Committee - will announce its bi-monthly review later in the day. Persistent foreign fund inflows into capital markets and softening crude oil prices boosted the local currency Mumbai: The rupee appreciated 46 paise to 78.94 against the US dollar in early trade on Friday ahead of the Reserve Bank of India’s policy meeting outcome. Persistent foreign fund inflows into capital markets and softening crude oil prices boosted the local currency. Global oil benchmark Brent crude futures rose 0.22 per cent to USD 94.33 per barrel. On the domestic equity front, the 30-share Sensex was trading 220.47 points or 0.38 per cent higher at 58,519.27, while the broader NSE Nifty advanced 59.25 points or 0.34 per cent to 17,441.25.

Policy Rbi Rupee Dollar 46 Paise  points  gains  ahead  46  outcome  foreign  crude  dollar  oil  policy  7894  cent  monetary  rbi  paise  rupee

History of this topic

Rupee recovers from all-time low of 86.64 to settle eight paise higher against the US dollar
Trending News
1 day ago

Rupee recovers from all-time low of 86.64 to settle eight paise higher against the US dollar

Live Mint  

Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it remained under pressure due to elevated crude oil prices and continuous outflow of foreign funds. On Monday, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of …

Rupee unlikely to find support in Asia FX’s slight recovery
1 day, 7 hours ago

Rupee unlikely to find support in Asia FX’s slight recovery

Live Mint  

By Nimesh Vora MUMBAI, Jan 14 - The Indian rupee's spiral is likely to persist on Tuesday despite the mild recovery in its Asian peers and a pause in the dollar index's rally. The 1-month non-deliverable forward indicated that the rupee will open at 86.60 to the U.S. dollar, marking a new lifetime low and down from 86.5750 in the …

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade
Trending News
1 day, 10 hours ago

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade

New Indian Express  

MUMBAI: The rupee rebounded from its lowest-ever level and appreciated 21 paise to 86.49 against the US dollar in early trade on Tuesday on the back of retreating American currency and easing crude oil prices. According to forex traders, the Indian currency found support from positive inflation numbers and some recovery in domestic equity markets even though the outflow of …

Rupee’s fall sparks a war of words between the ruling party, Opposition
1 day, 19 hours ago

Rupee’s fall sparks a war of words between the ruling party, Opposition

Live Mint  

The Indian rupee's depreciation beyond ₹86 against the US dollar on Monday sparked a war of words between the ruling Bharatiya Janata Party and the opposition Congress party over the currency's economic performance during their respective terms. Congress leader Jairam Ramesh took a dig at Prime Minister Narendra Modi on social media platform X over the currency's depreciation, questioning Modi's …

Rupee dives 55 paise, deepest in nearly two years, to hit record low of 86.59 against US dollar
2 days, 1 hour ago

Rupee dives 55 paise, deepest in nearly two years, to hit record low of 86.59 against US dollar

Live Mint  

Mumbai, The rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the US dollar during mid-session on Monday due to strengthening of the American currency and surging crude oil prices. The fall of 55 paise, or 0.65 per cent, in one session was the steepest since February 6, 2023 …

Rupee falls 27 paise to record low of 86.31 against USD.
Top News
2 days, 3 hours ago

Rupee falls 27 paise to record low of 86.31 against USD.

Deccan Chronicle  

The rupee's slide show went on for the second straight session on Monday as it crashed 27 paise to hit a new lifetime low of 86.31 against the US dollar, dragged down by a robust American currency amid volatile global cues.A record surge in crude oil prices, sustained outflow of foreign capital, and a negative trend in domestic equity markets …

Rupee crashes 27 paise to hit all-time low of 86. 31 against US dollar in early trade
2 days, 10 hours ago

Rupee crashes 27 paise to hit all-time low of 86. 31 against US dollar in early trade

New Indian Express  

MUMBAI: The rupee has made one of its worst opening sessions on Monday, plumbing past the 86 level, losing as many as 27 paise to touch 86.31, after a blowout US jobs report has left the market believing that the likelihood of the Federal Reserve leaving the rates high for longer than expected. Forex traders told the TNIE that a …

Rupee sinks 58 paise to 86.62-mark in worst fall in 2 yrs
2 days, 10 hours ago

Rupee sinks 58 paise to 86.62-mark in worst fall in 2 yrs

New Indian Express  

The rupee logged its steepest single-day plunge in nearly two years ending the session sinking 58 paise on Monday to a historic low of 86.62 to the dollar that has been on a song since October, weighed down by a stronger greenback, surging crude prices and the continuing mayhem in the equity markets. X users to remind Prime Minister Narendra …

Rupee falls 1 paisa to 85.87 against U.S. dollar in early trade
Trending News
5 days, 5 hours ago

Rupee falls 1 paisa to 85.87 against U.S. dollar in early trade

The Hindu  

The rupee dipped 1 paisa to 85.87 against the U.S. dollar in early trade on Friday due to a firm American currency and massive outflow of foreign capital. Higher crude oil prices overseas also weighed on the Indian currency though it found some support tracking positive cues from domestic equity markets, forex traders said. At the same time, they said, …

Rupee recovers from record low to settle 4 paise higher at 85.87 against U.S. dollar
Trending News
5 days, 23 hours ago

Rupee recovers from record low to settle 4 paise higher at 85.87 against U.S. dollar

The Hindu  

The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 against the U.S. dollar on Thursday amid firm American currency and elevated level of crude oil prices. They said, uncertainties related to trade restrictions ahead of the change in US administration under President Donald Trump continued to fuel dollar demand, while concerns …

Rupee falls 1 paisa to record low of 85.92 against U.S. dollar in early trade
Trending News
6 days, 6 hours ago

Rupee falls 1 paisa to record low of 85.92 against U.S. dollar in early trade

The Hindu  

The rupee slipped 1 paisa to its record low of 85.92 against the U.S. dollar in early trade on Thursday, the third straight session of downfall, weighed down by a stronger American currency and higher crude oil prices. Forex traders said the relentless outflow of foreign funds amid soaring U.S. bond yields boosted the American currency, while subdued domestic equity …

Rupee falls 9 paise to hit record low of 85.83 against U.S. dollar in early trade
Trending News
1 week ago

Rupee falls 9 paise to hit record low of 85.83 against U.S. dollar in early trade

The Hindu  

The rupee depreciated 9 paise to hit its record low of 85.83 against the U.S. dollar in early trade on Wednesday as strengthening American currency and higher crude oil prices continued to play spoilsports even as the government lowered the country's economic growth projection. According to analysts, subdued domestic equity markets also weighed on the Indian currency even as better …

Rupee to face pressure as upbeat US data reignites dollar uptrend
1 week ago

Rupee to face pressure as upbeat US data reignites dollar uptrend

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 8 - The Indian rupee is likely to open weaker on Wednesday after upbeat U.S. economic data lifted U.S. bond yields, prompting the dollar to resume its uptrend. The dollar index dipped during Asia trade to 108.5 after rising 0.3% on Tuesday as data showed that job openings in the U.S. grew to 8.098 million, …

Rupee gains as dollar rally takes a breather amid tariff back and forth
1 week, 1 day ago

Rupee gains as dollar rally takes a breather amid tariff back and forth

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 7 - The Indian rupee strengthened in early trading on Tuesday, after U.S. President-elect Donald Trump denied a media report that suggested his trade tariffs might not be as stringent as feared. The rupee was at 85.6750 against the U.S. dollar as of 10:10 a.m. IST, up from its close at 85.8275 in the previous …

Rupee falls 4 paise to close at new record low of 85.83 against U.S. dollar
1 week, 1 day ago

Rupee falls 4 paise to close at new record low of 85.83 against U.S. dollar

The Hindu  

The rupee declined 4 paise to settle at a fresh record low of 85.83 against the U.S. dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital. Forex traders said the surging U.S. bond yields and concern over HMPV virus outbreak triggered a U.S. dollar chase due to its safe-haven appeal. Anuj Choudhary, …

Rupee falls 9 paise to close at 85.73 against US dollar
Trending News
1 week, 6 days ago

Rupee falls 9 paise to close at 85.73 against US dollar

Live Mint  

Mumbai, The rupee depreciated 9 paise to close at 85.73 against the US dollar on Thursday, as strong dollar demand from importers and foreign fund outflows dented investor sentiments. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent lower at 108.46. Meanwhile, India's manufacturing sector growth fell to a …

Rupee ends at record closing low for seventh straight session
Trending News
2 weeks ago

Rupee ends at record closing low for seventh straight session

Live Mint  

By Jaspreet Kalra MUMBAI - The Indian rupee weakened slightly on Wednesday, pressured by dollar bids from importers, which pushed the currency to a record closing low for the seventh consecutive session and affirmed the depreciation bias on the local unit. While the first trading session of 2025 was relatively lacklustre, traders expect the rupee to remain under pressure in …

Rupee falls 5 paise to 85.69 against US dollar in early trade
Trending News
2 weeks ago

Rupee falls 5 paise to 85.69 against US dollar in early trade

Deccan Chronicle  

The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit.Forex traders said the dollar index and US 10-year bond yields have been on an uptrend largely owing to …

Currency concerns: on the rupee
2 weeks, 1 day ago

Currency concerns: on the rupee

The Hindu  

It has been a tumultuous time for the Indian rupee even as the Reserve Bank of India has been actively stepping into the foreign exchange market to stem its free fall in pursuit of what it calls an ‘orderly’ exchange movement. The Donald Trump factor added a fresh headwind with the dollar strengthening since his U.S. presidential electoral victory, and …

Rupee set to extend recovery on RBI-motivated dollar-long liquidation
2 weeks, 2 days ago

Rupee set to extend recovery on RBI-motivated dollar-long liquidation

Live Mint  

By Nimesh Vora MUMBAI, Dec 30 - The Indian rupee is poised to rise on Monday, building on the momentum from the previous session in which the central banks' interventions prompted the exit of speculative dollar-long positions. The one-month non-deliverable forward indicated the rupee will open at 85.40-85.42 to the U.S. dollar, compared with its close of 85.5325 in the …

Indian rupee hits record lifetime intra-day low on Friday
2 weeks, 4 days ago

Indian rupee hits record lifetime intra-day low on Friday

Deccan Chronicle  

New Delhi: For a consecutive ninth day in a row, the Indian rupee on Friday hit a record lifetime intra-day low of 85.80 before a possibly central bank’s intervention that helped recover some of its losses and settled 23 paise lower at a record low of 85.50 against the US dollar, weighing down a strong month-end demand for dollar. “Rupee …

Rupee sinks 53 paise to hit new all-time low of 85.80 in mid session
2 weeks, 5 days ago

Rupee sinks 53 paise to hit new all-time low of 85.80 in mid session

Live Mint  

Mumbai, Dec 27 The rupee recorded its steepest single-day fall in past six months, sinking 53 paise to hit a new all-time intraday low of 85.80 against the US dollar during mid session on Friday as the unabated rise in the American bond yields boosted the greenback's appeal. At the interbank foreign exchange, the rupee opened weak at 85.31 and …

Rupee breaches 85.70 against US dollar, sees steepest single-day loss since February 2023
2 weeks, 5 days ago

Rupee breaches 85.70 against US dollar, sees steepest single-day loss since February 2023

Live Mint  

The Indian rupee depreciated to a fresh record low on Friday, amid strong dollar demand in the non-deliverable forwards market. The rupee dropped 0.6% to a fresh record low of 85.7437 per dollar, registering its steepest single-day fall since February 2023, according to Bloomberg. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading …

Rupee falls to hit all-time low of 85.16 against US dollar in early trade
3 weeks, 1 day ago

Rupee falls to hit all-time low of 85.16 against US dollar in early trade

Deccan Chronicle  

The rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday, amid strengthening American currency and sustained outflow of foreign capital. Forex traders said higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed the local unit further downward even …

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade
3 weeks, 1 day ago

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade

The Hindu  

The rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday, amid strengthening American currency and sustained outflow of foreign capital. Forex traders said higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed the local unit further downward even …

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar
3 weeks, 4 days ago

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar

The Hindu  

The rupee saw some recovery from its all-time low level and appreciated 10 paise to close at 85.03 against the U.S. dollar on Friday, on softening of the U.S. dollar index and a potential intervention by the Reserve Bank of India. On Thursday, the rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time …

Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade
3 weeks, 5 days ago

Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade

Deccan Chronicle  

Mumbai: The rupee saw some recovery from its all-time low level and appreciated 6 paise to 85.07 against the US dollar in early trade on Friday. The Dollar Index is expected to remain elevated, with resistance near the 110 level in the near term amid a reduced likelihood of significant Fed rate cuts in 2025. On Thursday, the rupee depreciated …

Rupee falls 14 paise to close at all-time low of 85.08 against U.S. dollar
3 weeks, 5 days ago

Rupee falls 14 paise to close at all-time low of 85.08 against U.S. dollar

The Hindu  

The rupee dropped 14 paise and breached the crucial 85 level to close at an all-time low of 85.08 against the U.S. dollar on Thursday, as a hawkish stance from the U.S. Federal Reserve sparked a broad dollar rally. Forex traders said the Indian rupee breached the 85-mark for the first time and fell to a new record low on …

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025
3 weeks, 6 days ago

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025

Live Mint  

The Indian rupee fell to a record low, slipping past 85 to the US dollar for the first time on Thursday, after the Federal Reserve signalled fewer rate cuts next year. Other Asian currencies also depreciated as the Korean won, the Malaysian ringgit, and the Indonesian rupiah were down 0.8%-1.2% on the day, after the Fed dot plot indicated two …

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade
3 weeks, 6 days ago

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade

The Hindu  

The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday, as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally. Forex traders said the US Federal Reserve has adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the …

Rupee falls 3 paise to close at all-time low of 84.94 against U.S. dollar
3 weeks, 6 days ago

Rupee falls 3 paise to close at all-time low of 84.94 against U.S. dollar

The Hindu  

The rupee dropped 3 paise to close at an all-time low of 84.94 against the U.S. dollar on Wednesday, as traders await cues from the US Fed on the interest rate front. The unit finally ended the session lower by 3 paise at an all-time low closing level of 84.94 against the dollar. On Tuesday, the rupee revisited its all-time …

Rupee falls 1 paisa against US dollar in early trade
4 weeks ago

Rupee falls 1 paisa against US dollar in early trade

The Hindu  

The rupee dropped 1 paisa to 84.92 against the US dollar in early trade on Wednesday and hovered around its all-time low level, as traders await more cues from the US FED on the interest rate front. Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-board selloff amid cautious investors' approach …

Rupee settles on flat note, up 1 paisa at 84.90 against U.S. dollar
4 weeks ago

Rupee settles on flat note, up 1 paisa at 84.90 against U.S. dollar

The Hindu  

The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 against the U.S. dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets. A strong US dollar and FII outflows may further weigh on the rupee," said Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas. On the …

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar
4 weeks, 1 day ago

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar

The Hindu  

The rupee dropped 1 paisa to hit a new lifetime low of 84.92 against the U.S. dollar in early trade on Tuesday, weighed down by foreign fund outflows and a muted trend in domestic equities. “The Indian rupee is expected to open at its lowest after a record number in respect of imports and a record trade deficit for November …

Rupee falls 9 paise to all-time low of 84.89 against U.S. dollar
4 weeks, 1 day ago

Rupee falls 9 paise to all-time low of 84.89 against U.S. dollar

The Hindu  

The rupee depreciated by 9 paise to close at an all-time low level of 84.89 against the U.S. dollar on Monday, dragged down by a negative trend in domestic equities. Forex traders said the Indian rupee declined on weak domestic markets and rising U.S. bond yields. On Friday, the rupee rebounded from its all-time low level and settled with a …

Rupee falls 3 paise to 84.83 against U.S. dollar in early trade
Trending News
4 weeks, 2 days ago

Rupee falls 3 paise to 84.83 against U.S. dollar in early trade

The Hindu  

The rupee fell 3 paise to 84.83 against the U.S. dollar in early trade on Monday, dragged down by a muted trend in domestic equities and elevated crude oil prices. On Friday, the rupee rebounded from its all-time low level and settled with a gain of 8 paise at 84.80 against the U.S. dollar. Additionally, Foreign Institutional Investors turning net …

Indian rupee to face renewed pressure as US yields climb
4 weeks, 2 days ago

Indian rupee to face renewed pressure as US yields climb

Live Mint  

By Nimesh Vora MUMBAI, Dec 16 - The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. "With inflation remaining sticky, and President-elect Trump looking to strengthen the U.S. growth performance, the Fed is set to signal a more cautious …

Rupee recovers 10 paise to end at 84.78 against U.S. dollar
Trending News
1 month ago

Rupee recovers 10 paise to end at 84.78 against U.S. dollar

The Hindu  

The rupee rebounded from its all-time low level and settled with a gain of 10 paise at 84.78 against the U.S. dollar on Friday, buoyed by a strong recovery in domestic equity markets and easing inflation data. The latest official data released on Thursday showed India’s retail inflation eased in November to 5.48% and came within the Reserve Bank’s comfort …

Inflows help rupee end higher on day but weekly losing streak persists
1 month ago

Inflows help rupee end higher on day but weekly losing streak persists

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 13 - The Indian rupee logged its the sixth consecutive weekly decline on Friday as pressure remained on account of heightened dollar demand in the non-deliverable forwards market and a weaker yuan while mild inflows helped the currency on the day. U.S. producer price inflation data released on Thursday reaffirmed investor expectations of a 25-basis …

Rupee holds up in face of broad dollar rally thanks to central bank
1 month ago

Rupee holds up in face of broad dollar rally thanks to central bank

Live Mint  

By Nimesh Vora MUMBAI, Dec 13 - The Reserve Bank of India's intervention on Friday helped the rupee avoid the losses that other Asian currencies had to endure in the wake of higher U.S. yields. The rupee was at 84.8300 to the U.S. dollar at 10:42 a.m. IST, marginally up from 84.8575 in the previous session. The RBI likely sold …

Rupee recovers from all-time low, gains 5 paise to 84.83 against U.S. dollar in early trade
1 month ago

Rupee recovers from all-time low, gains 5 paise to 84.83 against U.S. dollar in early trade

The Hindu  

The rupee saw some recovery from its all-time low level and appreciated 5 paise to 84.83 against the U.S. dollar in early trade on Friday on the back of favourable domestic inflation data. However, a strengthening American currency and volatile domestic equity markets amid foreign fund outflows capped the recovery in the local unit, forex traders said. The latest official …

Rupee hits new low of 84.88 against USD
1 month ago

Rupee hits new low of 84.88 against USD

New Indian Express  

The rupee is expected to trade near 84.5 against the dollar by end December. A strong dollar continues to create a depreciating bias for currencies globally and is likely to sustain FPI outflows from Indian markets in the near term. As a result, the 10Y UST yield has surged by 71bps between October and November, while the dollar index has …

Forex reserves fall by $3.23 billion; Rupee gains 10 paise
1 month ago

Forex reserves fall by $3.23 billion; Rupee gains 10 paise

New Indian Express  

MUMBAI: With the rupee hitting a new low of 84.88 to the dollar last week, the Reserve Bank of India continued selling the greenback, resulting in a further decline in forex reserves by $3.23 billion, bringing them to $654.86 billion for the week ending December 6. According to the weekly statistical supplement released by the central bank on Friday, foreign …

Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar
1 month ago

Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar

The Hindu  

The rupee depreciated by 4 paise to settle at an all-time low of 84.87 against the U.S. dollar on Thursday, dragged down by negative domestic equity markets, outflow of foreign funds and rise in crude oil prices. The unit finally ended the session 4 paise down at a fresh all-time low closing level of 84.87 against the dollar. Rupee's previous …

Rupee hits record low, RBI intervention counters bearish tilt
1 month ago

Rupee hits record low, RBI intervention counters bearish tilt

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 12 - The Indian rupee fell to an all-time low on Thursday, pressured by a lingering depreciation bias and heightened demand for the U.S. dollar in the non-deliverable forwards market, while the central bank's intervention helped prevent sharp losses. The dollar index was little changed at 106.5, unfazed by the elevated odds of a December …

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade
1 month ago

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade

The Hindu  

The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the new RBI Governor. At the interbank foreign exchange, the rupee opened at 84.87, its all-time low against the greenback, registering …

Rupee settles on a flat note near all-time low at 84.85 against U.S. dollar
1 month ago

Rupee settles on a flat note near all-time low at 84.85 against U.S. dollar

The Hindu  

The rupee settled for the day on a flat note higher by just 1 paisa at 84.85 against the U.S. dollar on Tuesday, a tad above its all-time low level, as change of guard at the Reserve Bank of India raised expectations of a shift in the central bank's monetary policy. On Monday, the rupee saw its steepest fall in …

Rupee drops 8 paise to close at 84.74 against U.S. dollar
1 month ago

Rupee drops 8 paise to close at 84.74 against U.S. dollar

The Hindu  

The rupee depreciated 8 paise to close at 84.74 against the U.S. dollar on Monday, dragged down by fresh foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. The Reserve Bank of India on Friday kept its key interest rate …

Rupee ends marginally lower, near-term bearish bias tipped to persist
1 month ago

Rupee ends marginally lower, near-term bearish bias tipped to persist

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 9 - The Indian rupee closed slightly weaker on Monday, weighed down by a decline in its Asian peers with analysts expecting the local currency to continue facing headwinds amid persistent strength in the U.S. dollar. While U.S. labour market data released on Friday drove U.S. bond yields lower on heightened expectations of a Federal …

Rupee falls 7 paise to 84.73 against US dollar in early trade
1 month ago

Rupee falls 7 paise to 84.73 against US dollar in early trade

The Hindu  

The rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous …

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