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At the interbank foreign exchange, the rupee opened at 84.08 against the greenback. In the initial trade, it touched 84.07, registering a rise of 1 paisa over its previous close. File | Photo Credit: The Hindu The rupee witnessed range-bound trade and appreciated by just 1 paisa to 84.07 against the U.S. dollar in initial…
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Representational image | Photo Credit: REUTERS The rupee stayed in a straightjacket for yet another week, trading at its near all-time low of 84.07 against the US dollar on Friday (October 25, 2024) amid firm American currency and unprecedented foreign fund outflow. Forex traders said, the indication of some recovery in domestic equity markets prevented…
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At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and slipped 1 paisa to trade at the previous day’s closing level in initial deals. File | Photo Credit: The Hindu The rupee stayed flat at 84.07 against the U.S. dollar in early trade on Thursday (October 24, 2024) amid elevated crude…
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Representative image | Photo Credit: Reuters The rupee stayed flat at 84.07 against the U.S. dollar in early trade on Tuesday (October 22, 2024) as positive sentiment in domestic equity markets was negated by the unabated outflow of foreign funds. The local unit resisted the fall on the back of the retreating dollar and a…
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The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 103.59. | Photo Credit: The Hindu The rupee witnessed range-bound trade and appreciated 3 paise to 83.99 against the U.S. dollar in initial deals on Thursday (October 17, 2024), as suspected RBI intervention coupled with softer oil prices…
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Image used for representation purposes The rupee recovered from its all-time low levels and appreciated 4 paise to close at 84.06 (provisional) against the U.S. dollar on Monday (October 14, 2024) supported by strong domestic equity markets. Forex traders said the rupee was weighed down by the strong U.S. dollar and elevated crude oil prices….
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Image for representational purposes only. | Photo Credit: Getty Images The rupee appreciated 5 paise to 83.92 against the U.S. dollar in early trade on Wednesday (October 9, 2024), ahead of the Reserve Bank of India’s monetary policy announcement. Most major central banks have pivoted toward rate cuts, with the U.S. Fed being the latest…
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The dollar index, which measures the dollar’s strength against a basket of six currencies, increased by 0.27% to reach 100.79. File | Photo Credit: Nagara Gopal The rupee stayed in a narrow range and settled 3 paise lower at 83.82 (provisional) against the U.S. dollar on Tuesday (October 1, 2024) amid subdued equity markets, unabated…
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Image used for representative purpose only. File | Photo Credit: REUTERS Rupee depreciated 11 paise to settle at 83.80 (provisional) against the U.S. dollar on Monday (September 30, 2024) taking cues from equity markets that saw a steep fall of over 1% amid volatile crude oil prices and outflow of foreign funds. However, a weak greenback…
Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS The rupee appreciated 10 paise to 83.53 against the U.S. dollar in early trade on Wednesday (September 25, 2024), on the overall dollar weakness in the overseas market. Forex traders said the U.S. dollar has…
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