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Traders may take cues from speeches by Federal Open Market Committee (FOMC) members. file | Photo Credit: Reuters The rupee depreciated 16 paise to close at 86.87 (provisional) against the U.S. dollar on Monday (February 17, 2025), weighed down by significant foreign fund outflows and a recovery in the U.S. dollar index from intraday lows. …
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At the interbank foreign exchange market, the local unit opened at 83.56 and gained further ground to trade at 83.49 against the greenback in initial deals, registering an increase of 8 paise from its previous closing level. File | Photo Credit: V.V. Krishnan The rupee appreciated 8 paise to 83.49 against the U.S. dollar in…
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The rupee strengthened by 6 paise to 83.26 against the U.S. dollar in early trade on September 20 on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee’s rise, traders said. At the…
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