Early Friday trading saw the rupee jump 51 paise versus the US dollar to 86.17 amid a fall in oil prices, a weakening greenback, and a robust start to domestic share markets. The local unit increased one day after US President Donald Trump halted the further 26% tariffs on India until July 9. The local…
In the afternoon of February 25, the rupee dropped 55 paise as the dollar gained strength due to safe-haven movements following US President Donald Trump’s announcement that tariffs on Canada and Mexico will proceed as planned. The rupee dropped from 86.85 to 87.25 due to changes in the RBI’s stance and month-end dollar demand over…
Due to U.S. President Donald Trump’s implementation of fresh tariff measures, the Indian rupee fell to a new record low of 87.9563 against the US dollar on February 10. Compared to the previous trading session, when it opened at 87.4275 vs the US dollar, the local currency was significantly weaker at 87.9175. On February 9,…
In early trading on Wednesday, the Indian rupee marginally declined in value relative to the US dollar, closing at 85.6725 against the US dollar, down from 85.6150 at the close of the previous session. A major factor in the depreciation is the demand for dollars, primarily from importers. The Indian rupee has been steadily declining…
Early on December 30, the rupee fell 5 paise versus the US dollar, reaching Rs 85.53. Increased demand from importers, withdrawals of foreign investment, and a decline in activity in the Indian equities market are the factors for the decrease in investor mood. The rupee opened worse at the interbank foreign exchange, falling 5 paise…
As the US Federal Reserve’s hawkish stance triggered a broad dollar rally, the rupee fell 12 paise to its lowest point ever, 85.06, against the US dollar in early trading on Thursday. Forex dealers reported that the US Federal Reserve had changed its 2025 forecasts, indicating a more cautious approach to monetary policy and putting…
The Reserve Bank of India (RBI) reported on Friday that India’s foreign exchange reserves fell by $6.78 billion to $675.65 billion for the week ending November 8. Following its peak of $704.89 billion at the end of September, the foreign exchange basket has declined for several weeks. Over the last six weeks, their total decline…
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…
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…
The Federal Reserve Chairman stated that lowering interest rates will be the central bank’s top priority in the upcoming months, which caused U.S. Crude prices to rise by more than 1% on Friday. West Texas Intermediate (WTI) crude futures increased by $1.33, or 1.81%, to $74.34, while Brent crude futures gained $1.27, or 1.63%, to…
