Following the US dollar’s strength versus key international rivals and persistent outflows of foreign money, the rupee fell 9 paise to settle at an all-time low of 83.33 (provisional) against the US dollar on Wednesday. Furthermore, rising crude oil prices and a downward trend in US stocks combined with geopolitical unpredictability in the Middle East…
On Tuesday, the rupee lost 15 paisa to settle at 83.21 (provisional) against the US dollar as poor domestic equities and a strong US dollar dampened investor optimism. Forex traders claimed that the rupee was under pressure to fall due to subdued domestic macroeconomic indicators and ongoing FII withdrawals. The local currency started out at…
According to a report released on Friday by the Reserve Bank of India, India’s foreign exchange holdings decreased by USD 4.992 billion to USD 593.904 billion for the week ending September 8. The pot had increased by USD 4.039 billion to USD 598.897 billion over the previous reporting week. The nation’s foreign exchange reserves hit…
In the week ending July 28, foreign exchange reserves decreased by $3.2 billion to $603.9 billion, according to the most recent information from the Reserve Bank of India (RBI). After reaching their greatest level in more than a year during the week ending July 14, reserves have decreased for the second consecutive week. In an…
Along with the decline in Asian currencies, the rupee slightly declined versus the dollar. In the morning session, the local currency was trading at 82.03 per dollar, down 0.11 percent from its previous close of 81.94. The dollar index, which gauges how well the US dollar performs versus a basket of other currencies, was down…
In spite of a sluggish trend in domestic stocks, the rupee steadied in a small range on Tuesday to conclude the day barely 1 paisa higher at 82.62 (provisional). In anticipation of the RBI’s monetary policy announcement later this week, market participants are alert and the rupee is trading in a limited range. There is…
On Friday, the rupee strengthened versus the US dollar by 14 paise to 82.58 (provisional), helped by foreign capital inflows and an uptick in domestic markets. However, the strong US dollar relative to important foreign currencies restrained the home currency’s upward trend, according to FX traders. Since US President Joe Biden and Republican House Speaker…
In response to a recovery in the value of the dollar relative to other major currencies, the Indian rupee had its largest weekly loss in two months. As Treasury yields increased amid an increase in expectations that the Federal Reserve will intensify its fight against inflation, a measure of the dollar experienced its best weekly…
Foreign exchange reserves decreased by $4.5 billion after barely increasing the week before. For the week ending October 14, according to information issued by the Reserve Bank of India, the reserves were $528.4 billion. Due to foreign currency assets and gold reserves, the reserves decreased. Since July 29, forex reserves have been falling, with the…
Oil prices fell for the third day in a row on Wednesday, as investors worried about the impact on fuel demand from rising global economic threats and increasing COVID-19 regulations in China. Brent crude futures had fallen 51 cents, or 0.5%, to $93.78 per barrel. West Texas Intermediate crude in the United States was trading…
