The Indian rupee hits a fresh record low against the U.S. dollar on July 11 amid weakness in the domestic stock market and as concerns about global economic growth continued to support the safe-haven greenback. The partially convertible rupee was trading at 79.41 per dollar compared to its previous close of 79.25 on Friday. The unit had hit…
The rupee depreciated 9 paise to 79.03 against the U.S. dollar in opening trade today, as consistent foreign funds outflows weighed on investor sentiments. Forex traders said the weakness of crude oil prices is supporting the local unit. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was at…
The rupee depreciated 22 paise to a record low of 78.59 against the U.S. dollar in early trade on Tuesday as continuing foreign funds outflows weighed on investor sentiments. At the interbank foreign exchange, the rupee opened on a weak note at 78.53 against the American dollar, then lost ground to quote at 78.59 its…
The rupee increased by 12 paise to 77.93 against the U.S. dollar in opening trade on Monday as soften crude oil prices supported the local unit. However, unabated foreign fund outflows, a dull trend in domestic equities and strong American dollar overseas restricted the gain, forex dealers said. At the inter-bank foreign exchange, the rupee…
The rupee closed at a fresh all time low of 78.065 against U.S. dollar on Wednesday due to demand for the greenback from foreign portfolio investors, who continued to expatriate the proceeds from the sale of their Indian equity investments. Oil marketing companies also bought dollars. The Reserve Bank of India (RBI) is believed to…
Indian rupee weakened to a fresh all-time low against U.S. dollar ahead of the release of U.S. inflation data, which is seen influencing the pace of future rate hikes by the Federal Reserve. Constantly raised crude oil prices also hurt sentiment for the domestic currency, with market participants fearing a fresh time of FII outflows,…
Indian rupee gains 4 paise to 77.62 against the U.S. dollar in opening trade on Monday, supported by a weak American currency in the overseas markets. However, muted domestic equities, uplifted crude oil prices and persistent foreign fund outflows controlled the rupee’s rise, foreign exchange traders said. At the inter-bank foreign exchange, the rupee opened…
The rupee fall 13 paise to 77.67 against the U.S. dollar in early trade on Tuesday, weighed down by the rush in crude oil prices. At the inter-bank foreign exchange, the rupee opened at 77.65 against the U.S. dollar, then lost ground to price at 77.67, registering a fall of 13 paise from the last…
Indian Rupee gains 3 paise to 77.52 against the U.S. dollar in the early trade on Thursday as a positive trend in domestic equities and weak American currency overseas supported the local unit. Although, increasing crude oil prices in the global markets and continued foreign fund outflows kept the pressure on the domestic currency, Forex…
The rupee increased 4 paise to 77.66 against the U.S. dollar in the early trade on Monday as a positive trend in domestic equities and weak American currency overseas supported the local unit. However, unrestricted foreign fund outflows and increasing crude prices in the global markets restricted the rupee’s gain, forex dealers said. Moreover, U.S….
