The Indian rupee touched a new record low mark of 80 against the U.S. dollar today. Sentiment has been hit hard for the rupee as an unusual surge in U.S. inflation secured expectations that the Federal Reserve would hike policy rates by a record margin later this month and make the dollar the highest returning…
The Indian rupee (INR) decreased further on Tuesday against the U.S. dollar and hit a new low of 79.66 before closing the day at 79.60. The Indian rupee has lost a little over 7% for the year. On the one hand, the rising dollar is weighing on the rupee, and on the other, the continuous…
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 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 Indian rupee hits a fresh record low against the U.S. dollar on Wednesday amidst growing concerns over global growth expectations and investors awaiting U.S. Federal Reserve Chair Jerome Powell’s twoday testimony before Congress. The weak global cues also hit benchmark equity indices as they closed over one percent lower on Wednesday. The rupee closed…
Indian markets ended lower for the second consecutive week of June and also posted their biggest weekly fall since May 2020 as global inflation pressure worries lead to monetary policy tightening by central banks. For the week, Nifty fell 908.3 points (5.6€%) to end at 15,293.5, while Sensex fell 2,943.02 points (5.41%) to close at…
The rupee decreased 30 paise to 77.55 against the U.S. dollar in opening trade on Thursday as a dark trend in the domestic equity markets and a solid American currency weighed on investor sentiment. Apart from, persistent foreign fund outflows and raised crude oil prices impacted the domestic unit, Forex traders said. The dollar index,…
The dollar was down on Tuesday morning in Asian markets but was near to its two-year high against the euro and an 18-month high against the pound. Concerns about the economic effect of China’s COVID-19 lockdowns and the aggressive pace of U.S. interest rate hikes gave the safe-haven dollar a raise. The U.S. Dollar Index that…
Friday, Indian rupee raised 13 paise to 75.90 against the US dollar. It was opened at 75.99 against the US dollar and touched an intraday high of 75.70, finally closed at 75.90, registered a rise of 13 paise over its previous close. On Thursday, the rupee had declined 19 paise, closed at 76.03. “Indian economy…
