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Tag: Forex traders

Rupee plunges 45 paise to hit record low of 87.95 against U.S. dollar in early trade

Posted on February 10, 2025 By admin
Rupee plunges 45 paise to hit record low of 87.95 against U.S. dollar in early trade

Image used for representational purpose. | Photo Credit: Reuters The rupee depreciated 45 paise to hit a record low of 87.95 against the U.S. dollar in early trade on Monday (February 10, 2025) weighed down by the strength of the American currency in the overseas market and a negative trend in domestic equities. Forex traders…

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Business

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

Posted on December 17, 2024 By admin
Rupee settles on flat note, up 1 paisa at 84.90 against U.S. dollar

Image used for representational purpose only. | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the U.S. dollar on Tuesday (December 17, 2024), weighed down by disappointing trade balance data and weak domestic markets. Forex traders said the rupee is…

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Business

Rupee turns flat at 84.42 against U.S. dollar in early trade

Posted on November 21, 2024 By admin
Rupee turns flat at 84.42 against U.S. dollar in early trade

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…

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Business

Rupee rises 9 paise to 83.88 against U.S. dollar in early trade

Posted on August 29, 2024 By admin
Rupee rises 9 paise to 83.88 against U.S. dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.92, then gained ground to touch 83.88, registering a rise of 9 paise from its previous close. File | Photo Credit: The Hindu The rupee appreciated 9 paise to 83.88 against the U.S. dollar in morning trade on Thursday (August 29, 2024), supported by…

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Business

Rupee falls one paisa to close at all-time low of 83.72 against U.S. dollar

Posted on July 25, 2024 By admin
Rupee falls one paisa to close at all-time low of 83.72 against U.S. dollar

On July 24, the Rupee depreciated two paise to hit its all-time closing low of 83.71 against the U.S. dollar. File | Photo Credit: The Hindu The Rupee fell one paisa to close at an all-time low of 83.72 (provisional) against the U.S. dollar on July 25, dragged down by demand for the American currency…

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Business

Rupee falls 11 paise to close at all-time low of 83.62 against U.S. dollar

Posted on July 15, 2024 By admin
Rupee falls 11 paise to close at all-time low of 83.62 against U.S. dollar

On July 12, the Rupee settled at 83.51 against the U.S. dollar. | Photo Credit: The Hindu Rupee depreciated 11 paise and settled for the day at an all-time low of 83.62 (provisional) against the U.S. dollar on July 15, weighed down by the overall strength of the American currency in the overseas market. Forex…

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Business

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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Business

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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