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Tag: foreign exchange reserves

Rupee falls 17 paise to close at 83.60 against U.S. dollar

Posted on June 26, 2024 By admin
Rupee falls 17 paise to close at 83.60 against U.S. dollar

On Tuesday, the Rupee appreciated four paise and settled at 83.43 against the greenback. The Rupee depreciated 17 paise against the U.S. dollar and settled at 83.60 (provisional) on June 26, weighed down by the strength of the American currency in the overseas market and elevated crude oil prices. “However, a firm trend in domestic…

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Rupee slips one paisa to settle at 83.44 against U.S. dollar

Posted on June 19, 2024 By admin
Rupee slips one paisa to settle at 83.44 against U.S. dollar

At the interbank foreign exchange market, the local unit opened strong at 83.39 and moved in the range of 83.34 and 83.48 against the greenback during the session. | Photo Credit: The Hindu The Rupee paired its initial gains and settled one paisa lower at 83.44 (provisional) against the U.S. dollar on June 19 in…

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Business

Rupee plunges 20 paise to settle at 83.49 against U.S. dollar

Posted on May 31, 2024 By admin
Rupee plunges 20 paise to settle at 83.49 against U.S. dollar

On May 30, Rupee gained 11 paise to close at 83.29 against the U.S. dollar. | Photo Credit: The Hindu The Rupee paired all its early gains and settled with a steep loss of 20 paise at 83.49 (provisional) against the U.S. dollar on May 31 amid volatile domestic equity markets and unabated outflow of…

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Business

Rupee rises six paise against U.S. dollar as crude oil prices ease

Posted on May 21, 2024 By admin
Rupee rises six paise against U.S. dollar as crude oil prices ease

On May 17, the Rupee had settled at 83.37 against the U.S. dollar. | Photo Credit: The Hindu The Rupee appreciated six paise to close at 83.31 against the U.S. dollar on May 21 following a weak greenback against major currencies overseas and softening crude oil prices in international markets. “However, a sluggish trend in…

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Business

Rupee rises 17 paise to close at 83.33 against US dollar

Posted on May 17, 2024 By admin
Rupee rises 17 paise to close at 83.33 against US dollar

At the interbank foreign exchange market, the local unit opened at 83.50 and touched an intraday high of 83.32 and a low of 83.50. | Photo Credit: The Hindu Rupee appreciated 17 paise to close at 83.33 (provisional) against the U.S. dollar on May 17, on positive domestic markets and expectations of some fresh foreign…

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Business

Rupee edges up one paisa to 83.50 against U.S. dollar

Posted on May 15, 2024 By admin
Rupee edges up one paisa to 83.50 against U.S. dollar

Rupee finally settled at 83.50 (provisional), higher by one paisa from its previous close. | Photo Credit: Reuters The Rupee inched up one paisa to settle at 83.50 (provisional) against the U.S. dollar on May 15 as the American currency retreated from its elevated level. However, sustained foreign fund outflows and a weak trend in…

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Business

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

Posted on May 13, 2024 By admin
Rupee trades in narrow range against U.S. dollar in early trade

On May 10, the Rupee closed at 83.51 against the American currency. | Photo Credit: The Hindu The Rupee was trading in a narrow range against the U.S. dollar in early trade on May 13, tracking a weak trend in domestic equities and strong American currency. Forex traders said with foreign investors buying U.S. dollars…

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Business

Rupee settles on flat note, higher by one paisa at 83.51 (provisional) against U.S. dollar

Posted on May 7, 2024 By admin
Rupee settles on flat note, higher by one paisa at 83.51 (provisional) against U.S. dollar

Rupee hit an intra-day high of 83.47 and a low of 83.52 against the greenback. | Photo Credit: The Hindu The Rupee consolidated in a narrow range and settled higher by one paisa at 83.51 against the U.S. dollar on May 7, amid a negative trend in domestic equities and strong dollar demand. Forex traders…

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Business

Rupee recovers four paise to 83.41 against U.S. dollar

Posted on April 30, 2024 By admin
Rupee recovers four paise to 83.41 against U.S. dollar

The Rupee had settled seven paise lower at 83.45 against the U.S. dollar on April 29. | Photo Credit: The Hindu The Rupee recovered four paise to 83.41 (provisional) against the U.S. dollar on April 29, tracking foreign capital inflows and a strengthening greenback against major crosses overseal. According to forex analysts, the domestic currency…

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Business

Rupee falls seven paise to settle at 83.35 against U.S. dollar

Posted on April 26, 2024 By admin
Rupee falls seven paise to settle at 83.35 against U.S. dollar

Representational image only. | Photo Credit: The Hindu The Rupee declined seven paise to close at 83.35 (provisional) against the U.S. dollar on April 26 as a strengthening American currency overseas and a selloff in domestic equities weighed on the local unit. “Besides, rising crude prices in the international market and risk-averse sentiment dragged the…

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