Strong inflows of foreign funds helped the rupee rise 33 paise to 85.4625 vs. the US dollar on Friday, its highest level in three months. In addition, the domestic currency saw its largest monthly increase in more than six years in March, rising 2.17%, the most since November 2018. During the week, foreign portfolio investors…
The key market indices continued their gains from March 5th and ended the session on a high note. While the BSE Sensex experienced a 610-point rally to end at 74,340, the NSE Nifty 50 increased by more than 200 points to land at 22,545. Because Brent crude oil prices dropped below $70 a barrel, commodities…
The steep decline in the dollar index and the price of Brent crude oil caused the Indian rupee to open 8 paise higher on March 6. After closing at 86.97 against the US dollar, the local currency opened at 86.89 against the US dollar. Early trading saw the dollar index, which compares the value of…
Oil prices fell on Friday, heading for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region. Brent crude futures settled at $73.18 a barrel, down 86 cents, or 1.16%, while U.S….
US President Donald Trump’s aggressive tariff measures against China, Mexico, and Canada, along with the recent threat against Europe, sparked worries of a global trade war, sending the rupee plunging to a new record low and the benchmark indices closing down on Monday. The rupee made its first foray below the 87/$ threshold. At 87.195/$,…
The rupee fell 13 paise versus the dollar to 86.46 on Thursday, according to currency traders, due to a drop in the majority of regional currencies and demand for dollars from overseas banks. Experts predict that the currency’s decline will continue, but at a slower rate now that the pessimistic outlook around the rupee has…
Due to the Chinese yuan’s decline and importers’ aggressive dollar buys, which were probably connected to month-end payments, the rupee fell to yet another all-time low on Monday, according to FX traders. The decrease was, however, restrained by dollar sales made by the state-owned banks acting on behalf of the Reserve Bank of India. After…
The rupee’s ongoing depreciation is mainly due to a strengthening dollar and selling by foreign investors. As the currency continued to decline, it reached a fresh closing low of 84.40 against the US dollar. The rupee settled at 84.40 after ranging from a high of 84.38 to a low of 84.41 during the day. According…
After rising more than 2% the previous day as OPEC+ postponed plans to increase production in December, oil prices moved in a narrow range on Tuesday amid what is predicted to be an unusually close US presidential election. U.S. West Texas Intermediate crude added 13 cents, or 0.18%, to $71.6 a barrel, while Brent crude…
Oil prices rose on Friday on concerns that Middle East conflict could disrupt supplies of this key export, Crude. U.S. crude futures rose 0.8% to $78.24 a barrel, while the Brent contract rose 0.8% to $74.35. Brent crude futures are set to gain around 8% for the week – their steepest since February 2023, while…
