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,…
The bulls recovered well in the week ending November 22. Indian benchmarks halted a two-week losing skid and closed the week with a gain of about 2 percent, despite ongoing FII selling and worries about new geopolitical tensions. The BSE Sensex increased 1,536.8 points, or 1.98 percent, to settle at 1,536.8 this week, while the…
Because the Reserve Bank of India (RBI) is expected to intervene, market participants anticipate a slight devaluation of the rupee, which will prevent the FX market from experiencing extreme volatility. By the end of December, the rupee should be trading around 84.50 to the US dollar. Tuesday saw it fall to a new low of…
The rupee’s ongoing depreciation is mainly due to a strengthening dollar and selling by foreign investors. As the currency continued to decline, it reached a fresh closing low of 84.40 against the US dollar. The rupee settled at 84.40 after ranging from a high of 84.38 to a low of 84.41 during the day. According…
As the greenback remained strong, the rupee declined and ended Monday at a new record low. The pressure on the rupee is expected to persist until the markets gain clarification on the policies that the Trump administration will implement, as the dollar index remains close to its four-month high of 105.05 and US Treasury yields…
On Friday, the rupee dropped 5 paise to an all-time low of 84.37 against the US dollar, fueled by ongoing outflows of foreign funds and a weak trend in domestic stocks. According to Forex dealers who spoke to PTI, the US Federal Reserve’s recent move to lower interest rates implies a change in the global…
As the dollar is expected to strengthen in the upcoming months due to Donald Trump’s election, the rupee fell to a record low on Thursday. The rupee fell to 84.2950, inching past the previous all-time low of 84.28, which was reached on Wednesday. Analysts predicted that the fear of tariffs would weaken the euro and…
As the U.S. dollar surged due to the early results of the presidential election, the Indian rupee fell to its lowest level ever on Wednesday, forcing the central bank to step in. The rupee dropped almost 0.1% from Tuesday’s closing to 84.1950 versus the US dollar. However, other Asian currencies did far worse, falling 1%…
