Due in part to a minor increase in the offshore Chinese yuan and a decline in the dollar index, the Indian rupee ended the day on Wednesday slightly higher. After closing at 83.15 in the previous session, the rupee closed at 83.1225 versus the US dollar. The dollar index fell 0.4% to 103.07, and the…
Amidst persistent outflows of foreign funds and a downward trend in domestic stocks, the rupee remained range-bound and ended the day 1 paisa higher at 83.29 vs the US dollar on Thursday. The rupee began trading at 83.25 versus the US dollar at the interbank foreign exchange and ended at 83.29, up 1 paisa from…
In response to lower trade deficit figures for the month of January, the rupee partially recovered from its initial losses on Wednesday to settle lower by 4 paise at 82.82 (provisional). Forex traders claimed that the appreciating bias was curbed by a stronger American dollar in foreign exchange markets. The rupee opened lower at 82.90…
