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The dollar index was up 0.2% at 109.9 while most Asian currencies weakened. Representational file image. | Photo Credit: Reuters The Reserve Bank of India (RBI) was likely selling dollars to support the rupee on Monday (January 12, 2025), after the currency slumped to its all-time low as the dollar surged on expectations that the…
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At the interbank foreign exchange, the rupee opened at 85.77, touched the day’s peak of 85.65 and hit an intraday low of 85.80 against the greenback | Photo Credit: Reuters The rupee fell 5 paise to settle at 85.73 (provisional) against the U.S. dollar on Tuesday (January 7, 2025), as higher crude oil prices and…
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The current bout of rupee depreciation is seen as driven primarily by the exit of foreign investors from India, which has put pressure on the rupee. | Photo Credit: Reuters The story so far: In the last week of December, 2024, the rupee breached the 85 mark against the U.S. dollar, touching an all-time low…
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At the interbank foreign exchange, the rupee opened at 84.92 against the greenback, and touched 84.95 during intra-day trade. File. | Photo Credit: Reuters The rupee dropped 3 paise to close at an all-time low of 84.94 (provisional) against the U.S. dollar on Wednesday (December 18, 2024), as traders await cues from the US Fed…
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On Friday, the rupee rebounded from its all-time low level and settled with a gain of 8 paise at 84.80 against the U.S. dollar. File. | Photo Credit: Reuters The rupee depreciated by 9 paise to close at an all-time low level of 84.89 (provisional) against the U.S. dollar on Monday (December 16, 2024), dragged…
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File image. | Photo Credit: Reuters The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from…
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The rupee traded in a tight range and fell 4 paise to close at an all-time low of 84.43 (provisional) against the U.S. dollar. File | Photo Credit: Reuters The rupee traded in a tight range and fell 4 paise to close at an all-time low of 84.43 (provisional) against the U.S. dollar on Thursday…
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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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Representative image | Photo Credit: Reuters The rupee stayed flat at 84.07 against the U.S. dollar in early trade on Tuesday (October 22, 2024) as positive sentiment in domestic equity markets was negated by the unabated outflow of foreign funds. The local unit resisted the fall on the back of the retreating dollar and a…
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File. | Photo Credit: C. Venkatachalapathy The rupee showed a recovery from its lower level and gained marginally by 1 paisa to 84.06 against the U.S. dollar in early trade on Monday (October 21, 2024), tracking positive cues from domestic equity markets and a soft American currency. However, sustained outflow of foreign funds and an…
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