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At the interbank foreign exchange market, the local unit opened at 83.92, then gained ground to touch 83.88, registering a rise of 9 paise from its previous close. File | Photo Credit: The Hindu The rupee appreciated 9 paise to 83.88 against the U.S. dollar in morning trade on Thursday (August 29, 2024), supported by…
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File image. | Photo Credit: Reuters Rupee depreciated 2 paise to 83.95 against the US dollar in morning trade on Wednesday (August 28, 2024), weighed down by a muted trend in domestic equities. Forex traders said from a macroeconomic standpoint, the rupee’s downside appears well-contained, with the 84-level acting as a crucial support, likely bolstered…
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File image. | Photo Credit: Reuters The rupee depreciated by 5 paise to close at 83.92 (provisional) against the American currency on Tuesday (August 27, 2024), on overnight jump in crude oil prices and a surge in commodity prices. However, positive domestic markets and a soft US dollar cushioned the downside, forex traders said. At…
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File. | Photo Credit: Reuters Rupee appreciated 10 paise to 83.80 against the U.S. dollar in morning trade on Monday (August 26, 2024), supported by the weakening of the American currency in the overseas market and foreign fund inflows. Forex traders said the dollar index lost significant ground and is hovering around the 100.60 level…
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According to RBI Governor Shaktikanta Das, the current policy rate of 6.5% is broadly balanced, and any justification for policy easing at this juncture can be misleading. File | Photo Credit: The Hindu The rupee traded in a narrow range and settled higher by 4 paise at 83.89 (provisional) against the American currency on Friday…
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Representational image. | Photo Credit: AFP Rupee traded in a narrow range and appreciated 5 paise to 83.88 against the US dollar in morning trade on Friday (August 23, 2024) supported by easing crude oil prices and fresh foreign fund inflows. Forex traders said significant correction in oil prices, which is hovering around USD 77…
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Image used for representative purpose only | Photo Credit: R. Ragu The rupee traded in a narrow range and settled lower by 4 paise at 83.94 (provisional) against the American currency on Thursday, as relentless dollar demand from importers and relentless foreign fund outflows dampened investor sentiments. However, a positive trend in domestic equities and…
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File. | Photo Credit: Reuters The Indian rupee nosedived 14 paise to 83.91 (provisional) against the U.S. dollar on Wednesday (August 21, 2024) amid unabated outflow of foreign capital and volatile domestic equity markets. Forex traders said a weak American currency and lower level of crude prices, however, cushioned the local unit at lower level….
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The rupee settled 10 paise higher at 83.77 against the American currency on Tuesday. File | Photo Credit: The Hindu The Indian rupee depreciated by 7 paise to 83.84 against the U.S. dollar in early trade on Wednesday (August 21, 2024), tracking subdued domestic equity market trend and unabated outflow of foreign capital. A weak…
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File image. | Photo Credit: Reuters The Indian rupee stayed firm for the second straight session and settled 8 paise higher at 83.79 (provisional) against the U.S. dollar on Tuesday (August 20, 2024), buoyed by positive domestic equity markets, weak American currency and lower crude oil prices. Forex traders said, foreign fund outflow, however, resisted…
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