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Image used for representational purposes. File | Photo Credit: Reuters Foreign exchange reserves in India can be used to cool down the volatility in the rupee as it is episodic and not structural, said experts while speaking at a panel at the Debt Market Summit 2025. “We earn foreign exchange reserves from excess FPI that…
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Image for representative purposes only | Photo Credit: Reuters The rupee depreciated 16 paise to close at 86.56 (provisional) against the U.S. dollar on Thursday (January 16, 2025), dragged down by a strong American currency overseas, elevated crude oil prices and foreign fund outflows. “However, positive domestic equity markets provided some cushion at the lower…
Read More “Rupee declines 16 paise to settle at 86.56 against U.S. dollar” »
Image for representational purposes only | Photo Credit: Reuters The rupee depreciated by 4 paise to settle at an all-time low of 84.87 (provisional) against the U.S. dollar on Thursday (December 12, 2024), dragged down by negative domestic equity markets, outflow of foreign funds and rise in crude oil prices. Forex traders said investors were…
Read More “Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar” »
Image for representative purposes only | Photo Credit: The Hindu The rupee settled for the day on a flat note higher by just 1 paisa at 84.85 (provisional) against the U.S. dollar on Tuesday (December 10, 2024), a tad above its all-time low level, as change of guard at the Reserve Bank of India raised…
Read More “Rupee settles on a flat note near all-time low at 84.85 against U.S. dollar” »
Image used for representational purpose. | Photo Credit: Reuters The rupee turned flat at 84.42 against the U.S. dollar in early trade on Thursday (November 21, 2024) amid volatile crude oil prices and lackluster sentiment in the domestic equity markets. A weaker American currency supported the local unit, but it was weighed down by the…
Read More “Rupee turns flat at 84.42 against U.S. dollar in early trade” »
The rupee recovered from its lowest level of 84.46 to settle 4 paise higher at 84.42 against the U.S. dollar | Photo Credit: Getty Images/iStockphoto The rupee traded in an almost flat note and settled 1 paisa lower at 84.43 (provisional) against the U.S. dollar on Tuesday (November 19, 2024), as support from positive domestic…
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Image for representative purposes only | Photo Credit: Reuters The rupee recovered from its all-time low level and settled with a gain of 6 paise at 84.40 (provisional) against the U.S. dollar on Monday (November 18, 2024), backed by a retreating American currency. Forex traders said, the recovery in the local unit was capped by…
Read More “Rupee recovers from all-time low to settle 6 paise higher at 84.40 against U.S. dollar” »
Image for representative purposes only | Photo Credit: Reuters The rupee declined 6 paise to close at a fresh lifetime low of 84.37 (provisional) against the U.S. dollar on Thursday (November 7, 2024), as weak domestic equities and sustained foreign fund outflows dented market sentiment. Forex traders said investors were also cautious ahead of the…
Read More “Rupee falls 6 paise to fresh all-time low of 84.37 against US dollar” »
Image used for representational purpose. | Photo Credit: Reuters Rupee depreciated 4 paise to close at 84.09 (provisional) against U.S. dollar on Wednesday (October 30, 2024), weighed down by weak domestic markets and month-end dollar demand from importers. Forex traders said suspected intervention by the Reserve Bank of India (RBI) supported the local currency at…
Read More “Rupee falls 4 paise to close at 84.09 against U.S. dollar” »
The rupee witnessed range-bound trade and depreciated 3 paise to 84.07 against the U.S. dollar in initial deals. FIle | Photo Credit: Reuters The rupee witnessed range-bound trade and depreciated 3 paise to 84.07 against the U.S. dollar in initial deals on Wednesday (October 16, 2024), weighed down by significant foreign fund outflows and the…
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