A weaker dollar and a lower-than-expected trade deficit figure helped the rupee, which had been declining for the previous five trading days, recover 28 paise, or 0.33%, against the dollar on Wednesday. This was the biggest rise in almost seven months. The rupee’s stability was also aided by the Reserve Bank of India’s intervention. After…
Following a lifetime low of 85.94 versus the dollar during intraday trading, the rupee finished Thursday down. The rupee kept falling while the dollar index kept rising. The US Fed is expected to slow down interest rate cuts this year due to persistently high inflation, the threat of widespread tariffs, and other possible policy changes,…
In early January 8 trading, the Indian rupee fell 9 paise to a record low of Rs 85.83 versus the US dollar, which is 0.069 percent less than the all-time low of Rs 85.77 reached on January 4. The strengthening of the US dollar and the increase in the price of crude oil caused the…
In early trading on Wednesday, the Indian rupee marginally declined in value relative to the US dollar, closing at 85.6725 against the US dollar, down from 85.6150 at the close of the previous session. A major factor in the depreciation is the demand for dollars, primarily from importers. The Indian rupee has been steadily declining…
Gold prices in Asian trade remained unchanged, despite the US Federal Reserve’s interest rate cuts this year. Spot Gold was at $2,607.65 per ounce, while Gold Futures expiring in February edged 0.2% lower to $2,620.22 an ounce. Gold prices have risen more than 26% in 2024 due to the Fed’s outsized rate cuts earlier this…
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…
As the US Federal Reserve’s hawkish stance triggered a broad dollar rally, the rupee fell 12 paise to its lowest point ever, 85.06, against the US dollar in early trading on Thursday. Forex dealers reported that the US Federal Reserve had changed its 2025 forecasts, indicating a more cautious approach to monetary policy and putting…
As worries about the nation’s economic future grew and other Asian currencies began to fall, the Indian rupee fell to a record low against the US dollar on Wednesday. By the end of trading, the rupee made a slight rebound, closing at 84.83 after plunging to its lowest point ever, 84.8650. The Chinese yuan pushed…
Against the US dollar, the rupee fell 7 paise to Rs 84.73 in early trading on December 9. Foreign money leaving the country and a decrease in activity in the Indian stock market are the reasons for the dip. The strong demand for dollars from importers and international banks is the reason why the Indian…
According to currency analysts, the rupee, which has been under pressure for the past several months, is predicted to weaken due to a strong dollar and slower-than-expected economic development. Given a stronger US economy and an underlying bullish tendency in the dollar, the USD INR is predicted to move higher. Over the next few months,…
