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The rupee in tandem with Asian currencies fell to its support zone of 83.97 as the Reserve Bank of India seemed to present at 83.97 to protect against any further weakness in the currency. File | Photo Credit: Venkatachalapathy C. The rupee declined 5 paise to 83.96 (provisional) against the U.S. dollar on Tuesday (September…
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Image used for representative purpose only | Photo Credit: Reuters The rupee declined 4 paise to 83.95 against the U.S. dollar in early trade on Tuesday due to a stronger greenback in global markets and weak domestic manufacturing data. A decline in the domestic equity market also contributed to the drop in the local unit,…
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A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad. | Photo Credit: REUTERS The rupee appreciated 10 paise to close at 83.87 (provisional) against the American currency on Thursday (August 29, 2024), supported by easing crude oil prices and a firm trend in domestic equities. Forex traders said the…
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A customer holds a hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi, India, May 24, 2024. | Photo Credit: REUTERS The rupee depreciated 3 paise to close at 83.96 (provisional) against the American currency on Wednesday (August 28, 2024), amidst strong dollar demand from importers, particularly oil companies. Forex…
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The Indian rupee turned flat at 83.94 against the US dollar in early trade on Friday (August 16, 2024) amid concerns over elevated crude oil prices and the outflow of foreign capital from domestic equity markets. However, a positive sentiment in the domestic as well as global equity markets and a weak American currency supported…
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The Indian rupee appreciated 7 paise to 83.90 against the US dollar in early trade on Wednesday (August 14, 2024), as the American currency retreated from its elevated levels. Forex traders said the US dollar has weakened against majors post the US Producer Price Index (PPI) print, which came in softer than anticipated, leaving the…
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Rupee notes displayed at a roadside currency exchange stall in New Delhi. File photo | Photo Credit: REUTERS The rupee witnessed range-bound trading in initial deals against the US dollar on Monday (August 12, 2024), as market participants remained on the sidelines ahead of the release of key domestic macroeconomic data. Forex traders said for…
The rupee finally settled at 83.96 (provisional) against the American currency, down 4 paise from its previous close. File | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day lower by 4 paise at 83.96 (provisional) against U.S. dollar on Wednesday (August 7, 2024), weighed down by a recovery…
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Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS Rupee opened on a muted note and fell to an all-time low of 83.80 against the U.S. dollar on August 5, as the risk off situation in world markets kept the dollar well bid. Forex…
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Image uswd for representative purpose only | Photo Credit: R. Ragu The rupee traded flat at 83.53 against the U.S. currency in early trade on July 12 amid firm crude oil prices and gains in domestic stocks. At the interbank foreign exchange market, the rupee opened flat at 83.53 against the U.S. dollar. The local…
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