Tag: forex

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade

Posted on By admin
Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 85.10 and slid further to hit a fresh all-time low of 85.16 against the greenback, registering a loss of 5 paise from its previous closing level. Representational image | Photo Credit: Reuters The rupee fell 5 paise to hit a new all-time low of 85.16 against…

Read More “Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade” »

Business

Rupee slips 1 paisa to 84.07 against U.S. dollar in early trade

Posted on By admin
Rupee slips 1 paisa to 84.07 against U.S. dollar in early trade

The rupee slipped 1 paisa to 84.07 against the U.S. dollar in early trade on Friday, as the weakening American currency failed to support the local unit amid negative domestic equity markets and higher crude oil prices. Forex traders said the unabated outflow of foreign funds also weighed on the domestic unit. At the interbank…

Read More “Rupee slips 1 paisa to 84.07 against U.S. dollar in early trade” »

Business

India’s Forex Reserve Touches Record High Of $681 Billion

Posted on By admin
India’s Forex Reserve Touches Record High Of 1 Billion

In the calendar year 2023, India added about USD 58 billion to its foreign exchange reserves. New Delhi: India’s foreign exchange reserves increased by USD 7.023 billion, reaching a fresh record high of USD 681.688 billion, during the week that ended on August 23, according to data released by the Reserve Bank of India. The…

Read More “India’s Forex Reserve Touches Record High Of $681 Billion” »

Nation

Rupee falls 7 paise to 83.84 against U.S. dollar in early trade

Posted on By admin
Rupee falls 7 paise to 83.84 against U.S. dollar in early trade

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…

Read More “Rupee falls 7 paise to 83.84 against U.S. dollar in early trade” »

Business

Rupee rises 8 paise to 83.79 against U.S. dollar

Posted on By admin
Rupee rises 8 paise to 83.79 against U.S. dollar

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…

Read More “Rupee rises 8 paise to 83.79 against U.S. dollar” »

Business

Rupee rises 8 paise to 83.89 against U.S. dollar in early trade

Posted on By admin
Rupee rises 8 paise to 83.89 against U.S. dollar in early trade

The rupee strengthens against the dollar, supported by a positive equities trend | Photo Credit: The Hindu The Rupee appreciated 8 paise to 83.89 against the U.S. dollar in early trade on Friday (August 9, 2024), supported by a positive trend in domestic equities and a decline in the U.S. dollar index. Forex traders said…

Read More “Rupee rises 8 paise to 83.89 against U.S. dollar in early trade” »

Business

Rupee turns flat at 83.73 against U.S. dollar in early trade

Posted on By admin
Rupee turns flat at 83.73 against U.S. dollar in early trade

On August 1, the Rupee declined five paise to settle at 83.73 against the U.S. dollar. | Photo Credit: The Hindu The Rupee turned flat at 83.73 against the U.S. currency on August 2 amid weak equity markets and an upward movement in crude oil prices overseas. According to forex traders, “the Indian currency found…

Read More “Rupee turns flat at 83.73 against U.S. dollar in early trade” »

Business

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

Posted on 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…

Read More “Rupee falls one paisa to close at all-time low of 83.72 against U.S. dollar” »

Business

Rupee slips to all-time low of 83.72 against U.S. dollar in early trade

Posted on By admin
Rupee slips to all-time low of 83.72 against U.S. dollar in early trade

On July 24, the Rupee depreciated two paise to hit its all-time closing low of 83.71 against the U.S. dollar. | Photo Credit: The Hindu Rupee opened on a muted note and fell to an all-time low of 83.72 against the U.S. dollar on July 25, dragged down by the strength of the American currency…

Read More “Rupee slips to all-time low of 83.72 against U.S. dollar in early trade” »

Business