Rupee touches three-week high aided by foreign banks’ dollar offers
1 week ago

Rupee touches three-week high aided by foreign banks’ dollar offers

Live Mint  

By Jaspreet Kalra MUMBAI, March 17 - The Indian rupee strengthened on Monday, boosted by dollar sales from foreign banks and as the greenback lingered near a 5-month low against major peers on worries about a slowdown in the world's largest economy. Foreign banks were spotted offering dollars in early trading, which helped the rupee, a trader at a state-run bank said. Broad weakness in the dollar has allowed the rupee to find some breathing room with the local unit up 0.6% over March so far, even as foreign selling of Indian stocks continued to exert pressure. The rupee benefits from a softer dollar, lower oil prices and carry flows alongside a seasonally favourable current account, the note said.

History of this topic

Rupee hits two-month high of 85.93 against US dollar on fresh inflows, logs biggest weekly gain in over two years
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3 days, 6 hours ago
Indian bonds rally on demand boost; 10-year yield’s weekly fall most in 4 months
3 days, 7 hours ago
Indian rupee set to post best weekly performance in two years on US dollar inflows
3 days, 10 hours ago
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3 days, 15 hours ago
Rupee heads for best week in 2 years as dollar inflows rise
3 days, 18 hours ago
Rupee rises 12 paise to 86.25 against U.S. dollar in early trade
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4 days, 13 hours ago
Rupee rises 10 paise to 86.71 against U.S. dollar in early trade
6 days, 13 hours ago
Rupee gains 1 paisa to 87.30 against U.S. dollar in early trade
1 week, 6 days ago
Rupee falls 6 paise to settle at 87.12 against U.S. dollar
2 weeks, 4 days ago
Rupee falls 5 paise to 87.11 against US dollar in early trade
2 weeks, 4 days ago
Broad dollar weakness helps rupee post best day in over three weeks
2 weeks, 5 days ago
Rupee rises 9 paise to 87.10 against US dollar in early trade
2 weeks, 5 days ago
Rupee falls 8 paise to 87.40 against U.S. dollar in early trade
2 weeks, 6 days ago
Rupee rises 9 paise to 87.28 against U.S. dollar in early trade
3 weeks ago
Rupee falls 19 paise to 87.37 against U.S. dollar in early trade
3 weeks, 3 days ago
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3 weeks, 6 days ago
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1 month, 2 weeks ago
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1 month, 2 weeks ago
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1 month, 2 weeks ago
Rupee falls 9 paise to 87.16 against US dollar in early trade
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1 month, 2 weeks ago
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