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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 slumped to an all-time low of 54.56 against the dollar in afternoon trade on May 16, 2012, even as the Reserve Bank of India broke its silence over the falling rupee, saying it would do its “best possible to curb volatility” in New Delhi, on May 16, 2012. Photo: | Photo Credit: V.V….
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Image for representational purpose only. | Photo Credit: V.V. Krishnan The rupee stayed firm and rose 9 paise to 82.74 against the U.S. dollar in early trade on March 7 on the back of a weak American currency overseas and sustained inflow of foreign funds in the domestic capital markets. The local currency also found…
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The rupee continued its gaining momentum for the second consecutive day and appreciated 7 paise to settle at 83.18 (provisional) against the U.S. dollar on October 11 amid robust buying in domestic equities and a weak American currency overseas. However, unabated withdrawal of funds by foreign institutional investors weighed on the domestic currency, Forex analysts…
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Image for representational purpose only. | Photo Credit: V.V. Krishnan The rupee edged up 1 paisa to 83.21 against the U.S. currency in a restricted trade on September 28 amid gains in domestic equities. The Indian currency was almost trading flat in the early session as gains from firm domestic stocks were offset by a…
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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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The rupee rose by 7 paise to 82.73 against the U.S. dollar on August 30 amid a positive sentiment in equity markets. Rising crude oil prices and strengthening dollar, however, weighed on the Indian currency, according to Forex traders. At the interbank foreign exchange, the domestic unit opened stronger at 82.67 and hit the level…
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