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Image for representational purposes only | Photo Credit: Reuters The rupee slumped to its all-time low of 84.76 (provisional) against the U.S. dollar after dropping 8 paise on Wednesday (December 4, 2024) amid a strengthening greenback and increase in crude prices. Forex traders said a positive trend in domestic equity markets and foreign fund inflows…
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On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the U.S. dollar. File. | Photo Credit: Reuters The rupee moved in a narrow range and appreciated 1 paisa to close at 84.38 (provisional) against the U.S. dollar on Wednesday (November 13, 2024), as persistent foreign fund outflows and a…
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The rupee witnessed range-bound trade and settled for the day on a flat note at 83.98 (provisional) against U.S. dollar on Wednesday (September 11, 2024) as the support from the lower level of crude oil prices and soft US dollar was negated by a weak trend in domestic equities. Forex traders said significant corrections in…
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File. | Photo Credit: Reuters The rupee gained 2 paise to close at 83.95 (provisional) against the US dollar on Friday (September 6, 2024) amid a weak greenback in overseas markets. However, negative domestic markets, rise in crude oil prices, and outflow of foreign capital capped sharp gains, forex traders said. At the interbank currency…
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File. | Photo Credit: Reuters Rupee declined 3 paise to hit 83.88 against the U.S. dollar in early trade on Monday (September 2, 2024) amid fluctuating crude oil prices. Forex traders said volatility in the international dollar trade and limited movement in the Brent crude rates contributed to the decline in the domestic currency in…
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File image. | Photo Credit: Reuters Rupee depreciated 2 paise to 83.95 against the US dollar in morning trade on Wednesday (August 28, 2024), weighed down by a muted trend in domestic equities. Forex traders said from a macroeconomic standpoint, the rupee’s downside appears well-contained, with the 84-level acting as a crucial support, likely bolstered…
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File image. | Photo Credit: Reuters The rupee depreciated by 5 paise to close at 83.92 (provisional) against the American currency on Tuesday (August 27, 2024), on overnight jump in crude oil prices and a surge in commodity prices. However, positive domestic markets and a soft US dollar cushioned the downside, forex traders said. At…
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File. | Photo Credit: Reuters The Indian rupee nosedived 14 paise to 83.91 (provisional) against the U.S. dollar on Wednesday (August 21, 2024) amid unabated outflow of foreign capital and volatile domestic equity markets. Forex traders said a weak American currency and lower level of crude prices, however, cushioned the local unit at lower level….
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The rupee settled 10 paise higher at 83.77 against the American currency on Tuesday. File | Photo Credit: The Hindu The Indian rupee depreciated by 7 paise to 83.84 against the U.S. dollar in early trade on Wednesday (August 21, 2024), tracking subdued domestic equity market trend and unabated outflow of foreign capital. A weak…
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File image. | Photo Credit: Reuters The Indian rupee stayed firm for the second straight session and settled 8 paise higher at 83.79 (provisional) against the U.S. dollar on Tuesday (August 20, 2024), buoyed by positive domestic equity markets, weak American currency and lower crude oil prices. Forex traders said, foreign fund outflow, however, resisted…
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