Stay Connected. Stay Informed.
On July 24, the Rupee depreciated two paise to hit its all-time closing low of 83.71 against the U.S. dollar. | Photo Credit: The Hindu Rupee opened on a muted note and fell to an all-time low of 83.72 against the U.S. dollar on July 25, dragged down by the strength of the American currency…
Read More “Rupee slips to all-time low of 83.72 against U.S. dollar in early trade” »
File. | Photo Credit: Reuters The rupee was trading in a narrow range and fell 1 paisa to 83.70 against the U.S. dollar in early trade on July 24, weighed down by a weak risk appetite and dollar demand from importers. Forex traders said the increase in capital gains tax and removal of indexation benefits…
Read More “Rupee trades in narrow range against U.S. dollar in early trade” »
The Indian rupee, teetering at an all-time low, slipped further against the US dollar on Tuesday, pressured by the drop in local equities after the government in the Budget proposed raising the tax rate on capital gains. Finance Minister Nirmala Sitharaman on Tuesday said the government plans to raise capital gains exemption limit on certain…
Read More “Rupee Slips To Record Low After Government Raises Tax On Capital Gains” »
Image used for representational purpose. | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 (provisional) against the U.S. dollar on July 16, on firm domestic markets and sustained inflow of foreign capital. Forex traders said a decline in crude oil prices favoured the…
Read More “Rupee rises 3 paise to close at 83.58 against U.S. dollar” »
On July 12, the Rupee settled at 83.51 against the U.S. dollar. | Photo Credit: The Hindu Rupee depreciated 11 paise and settled for the day at an all-time low of 83.62 (provisional) against the U.S. dollar on July 15, weighed down by the overall strength of the American currency in the overseas market. Forex…
Read More “Rupee falls 11 paise to close at all-time low of 83.62 against U.S. dollar” »
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…
Read More “Rupee trades flat at 83.53 against U.S. dollar in early trade” »
The rupee had edged up 1 paisa to close at 83.49 against the U.S. dollar on Tuesday ahead of the key testimony of US Federal Reserve Chair Jerome Powell in front of Congress. File. | Photo Credit: Reuters The rupee traded flat at 83.49 against the U.S. currency in the early session on July 10…
Read More “Rupee trades flat 83.49 against U.S. dollar in early session” »
The rupee appreciated 5 paise to 83.45 against the US dollar in early trade on Friday, July 5, 2024, as the American currency retreated from its elevated levels and was supported by significant foreign fund inflows. At the interbank foreign exchange market, the local unit opened at 83.48 and gained further to 83.45 against the…
Read More “Rupee rises 5 paise to 83.45 against US dollar in early trade” »
The rupee depreciated 4 paise to settle at 83.52 (provisional) against the U.S. dollar on Wednesday, weighed down by elevated crude oil prices. Forex traders said the Indian rupee depreciated on strength in crude oil prices, which touched a two-week high on Tuesday. However, a firm tone in domestic markets and favourable macroeconomic data cushioned…
Read More “Rupee falls 4 paise to close at 83.52 against U.S. dollar” »
The rupee depreciated 5 paise to 83.53 against the US dollar in early trade on Wednesday, July 3, 2024, weighed down by the strong American currency and elevated crude oil prices. Forex traders said the rupee is trading in a narrow range as US dollar buying by oil companies and Foreign Portfolio Investors (FPIs) further…
Read More “Rupee falls 5 paise to 83.53 against US dollar in early trade” »