After opening at 90.42 per US dollar, the Indian rupee continues its downward trend, reaching a new, historic low of 90.55. As a result, the currency has dropped by more than 6% during the past year. In relation to the US dollar, the domestic currency’s opening was 0.06% lower than its previous close of 90.36….
After opening flat, the Indian rupee fell to yet another record low of 90.46 versus the US dollar. The domestic currency was severely impacted by the uncertainty surrounding the finalization of the stalled trade agreement with the US, and persistent dollar outflows exacerbated the downward pressure. One of the worst-performing Asian currencies is the Indian…
The Indian rupee lost around 9 paise to the US dollar on Wednesday, closing at 89.96. After opening at a low of 90.03, the currency experienced a slight rebound by the afternoon, reaching 89.88, and then increased slightly, closing at 89.87 against the US dollar. But compared to yesterday’s close of 89.87, today’s end was…
Today, the Indian rupee ended its ongoing downward trend and ended the day at 89.87, up 0.2% versus the US dollar. At 90.12, the local currency had opened on a weak note. The currency reached a peak of 89.84 during trading sessions, according to a Reuters report, although importers intervened to limit more advances. One…
The Indian rupee extended its losing trend, following cues from the equity market. At 90.07, it finished the day down 0.1%. The currency fell 0.2% from its opening level of 90.06 to 90.17 against the US dollar. The US Federal Reserve’s impending policy decision on Wednesday, which is expected to impact the currency’s future course,…
The Indian rupee closes at 90.19 versus the US dollar, down 0.36% from the previous close, setting yet another record low. The currency has declined by over 5% on a cumulative basis this year against the greenback. A stalled trade agreement between the US and India, persistent equity sales by foreign portfolio investors, and a…
The Indian rupee opened at 89.40, down 0.1% from the previous closing of 89.30 per US dollar. Due to the imbalance between strong importer hedging and cautious exporter flows, the rupee began lower on Friday, keeping it dependent on central bank support and susceptible to a lifetime low. After closing at 89.3050 on Thursday and…
In early trading on Wednesday, the rupee recovered its early losses and gained 2 paise to 89.20 against the US dollar, following a weak US dollar and positive sentiment in the domestic share market. Forex traders claim that, despite the Indian currency being under pressure due to increased crude oil prices, there was a foreign…
Due to a sharp rise in the value of gold reserves, India’s foreign exchange reserves increased $5.543 billion to $692.576 billion during the week ending November 14, the RBI reported on Friday. In the previous reporting week, the total reserves had decreased by $2.699 billion to $687.034 billion. According to figures issued on Friday, foreign…
The presence of state-run banks curbed weakening in the local currency. Still, consistent interbank dollar bids dampened positive signals from increased risk appetite worldwide, causing the Indian rupee to move in a narrow band on Monday. The rupee was almost steady from its finish of 88.66 in the previous session, closing at 88.6750 against the…
