Amid a global risk-off mood, the rupee tracked the broad strength of the US currency and sank 5 paise to 88.77 against the dollar in early Monday’s trading. The rupee is hovering close to its all-time closing low level, according to forex dealers, as the RBI keeps an eye on the dollar-rupee pair’s decline towards…
Due to a sharp increase in the cost of the US H-1B visa, which is predicted to have a significant negative impact on Indian IT services exports, the rupee fell 47 paise to reach an all-time low of 88.75 (provisional) against the US dollar on Tuesday. Forex dealers reported that as market participants examined the…
Currency experts noted that on the afternoon of May 8, when tensions between India and Pakistan increased, the Indian rupee sank past the 85-mark. At the close of business, the local currency was trading at 85.3850 against the US dollar, down from 84.6387 at the open and 84.8325 at the close of business. Following rumors…
The rupee is doing well. The currency has broken over the psychologically significant 84/$ levels and is up almost 1% daily. These levels were last observed in June 2024. With Donald Trump’s victory in the November 2024 US presidential election, the currency has now erased all losses. Strong dollar inflows and short-covering are being cited…
The rupee has reached a peak of 84.78 to the dollar. New geopolitical concerns and rising demand for the US dollar combined to put pressure on the local currency, causing it to reach its highest level since the start of 2025. According to forex traders, the rupee’s decline is the result of a risk-off mentality…
Foreign investors made a big return to the Indian equities markets last week, contributing close to Rs 8,500 crore, following a period of prolonged withdrawals earlier this month. Because of India’s robust internal economy and relative protection from interruptions in international commerce, investor mood has strengthened, as evidenced by the inflows. Foreign portfolio investors (FPIs)…
As foreign portfolio inflows into Indian stocks increased and the dollar continued to be defensive due to worries about the impact of tariffs on the largest economy in the world, the Indian rupee strengthened on Thursday to record its best weekly performance in a month. The rupee climbed from its previous session’s close of 85.6775…
Early Friday trading saw the rupee jump 51 paise versus the US dollar to 86.17 amid a fall in oil prices, a weakening greenback, and a robust start to domestic share markets. The local unit increased one day after US President Donald Trump halted the further 26% tariffs on India until July 9. The local…
On Monday, the rupee saw its biggest one-day drop since January 12, plunging 61 paise, or 0.71%, to settle at 85.8425 versus the dollar. The decline occurred when US President Donald Trump’s expansive tariff proposals rocked the world’s financial markets, sending Asian stocks and currencies down. The rupee is affected by a growing trade war…
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…
