Tag: U.S. dollar

Rupee falls 1 paisa to record low of 85.92 against U.S. dollar in early trade

Posted on By admin
Rupee falls 1 paisa to record low of 85.92 against U.S. dollar in early trade

Photo used for representation purpose only. | Photo Credit: Reuters The rupee slipped 1 paisa to its record low of 85.92 against the U.S. dollar in early trade on Thursday (January 9, 2025), the third straight session of downfall, weighed down by a stronger American currency and higher crude oil prices. Forex traders said the…

Read More “Rupee falls 1 paisa to record low of 85.92 against U.S. dollar in early trade” »

Business

Rupee rises 5 paise to 83.92 against U.S. dollar in early trade

Posted on By admin
Rupee rises 5 paise to 83.92 against U.S. dollar in early trade

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…

Read More “Rupee rises 5 paise to 83.92 against U.S. dollar in early trade” »

Business

Rupee falls 19 paise to 82.85 against U.S. dollar amid losses in local equities

Posted on By admin
Rupee falls 19 paise to 82.85 against U.S. dollar amid losses in local equities

The rupee depreciated by 19 paise to settle at 82.85 (provisional) against the U.S. dollar on Friday amid weak sentiment in the equity markets and a strong dollar against major rivals overseas. Foreign fund inflows and softening crude prices, however, supported the Indian currency even as investors were awaiting India’s industrial output number, to be…

Read More “Rupee falls 19 paise to 82.85 against U.S. dollar amid losses in local equities” »

Business