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The rupee continued its downward trend for the third consecutive session to close 6 paise lower at 83.23 (provisional) against the U.S. dollar on Thursday, dragged down by massive selling in equity markets and strengthening American currency overseas. Withdrawal of foreign funds and elevated crude oil prices touching $90 a barrel also weighed on the…
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On Monday, the rupee closed 4 paise lower at 83.16 against the U.S. dollar. | Photo Credit: R. Ragu The rupee paired its early gains and settled 2 paise lower at 83.18 (provisional) against the U.S. dollar on Wednesday, tracking negative cues from domestic equity markets and a stronger American currency overseas. Softening crude oil…
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The rupee traded in a narrow range to settle 5 paise higher at 83.23 (provisional) against the U.S. dollar on Thursday, tracking softening crude prices in the international markets amid lingering geopolitical uncertainties. However, foreign fund outflows, a weak greenback overseas and a negative trend in domestic equities weighed on investor sentiments, forex traders said….
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Image used for representational purpose only. | Photo Credit: Reuters The rupee fell 2 paise to settle at 83.26 (provisional) against the U.S. dollar on surging crude oil prices overseas and a downward trend in the domestic equities. Forex traders said that positive macroeconomic data failed to rev up the local currency, which has been…
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Image used for representational purpose. | Photo Credit: Reuters The rupee pared initial gains and settled 3 paise lower at 83.27 against the U.S. dollar on October 5, following a recovery in the American currency. Forex traders said the rupee consolidated in a narrow range as investors preferred to stay on the sidelines ahead of…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee appreciated 14 paise to settle at 83.05 (provisional) against the U.S. dollar on September 29, boosted by a firm trend in equity markets and a sharp correction in the greenback against major rivals overseas. However, selling pressure from foreign equity investors and rising…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee declined by 20 paise to settle at 83.14 (provisional) against the U.S. dollar on September 25 due to rising crude oil prices and a strong American currency against major rivals overseas. Subdued equity markets and withdrawal of foreign funds also weighed on the…
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A money lender counts Indian rupee currency notes at his shop in Ahmedabad. File | Photo Credit: REUTERS The rupee appreciated 19 paise to 82.94 (provisional) against the U.S. dollar on Friday, as the inclusion of India in the JPMorgan bond index boosted investor sentiment. Forex traders said the decision of JPMorgan Chase & Co…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee appreciated by 38 paise to 82.75 against the U.S. dollar in early trade on September 22, as the inclusion of India in the JPMorgan bond index boosted investor sentiment. Forex traders said the decision of JPMorgan Chase & Co to include Indian government…
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Image used for representational purpose only. | Photo Credit: PTI The rupee consolidated in a narrow range and settled 5 paise higher at 83.06 (provisional) against the U.S. dollar on September 21 as crude oil price receded from its elevated level. The rupee was also weighed down by a rising dollar index, following hawkish comments…
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