Indian rupee depreciated 9 paise to 79.71 against the U.S. dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil prices. At the interbank foreign exchange, the rupee opened at 79.67 against the U.S. dollar and lost further ground to 79.71, registering a decline…
Indian rupee depreciated 22 paise to 79.46 against the U.S. dollar in early trade on Monday, tracking soften sentiment in the domestic equities. However, persistent foreign fund inflows into the capital market restricted the rupee’s fall, forex traders said. At the interbank foreign exchange, the rupee opened weak at 79.50 against the U.S. dollar and…
The Indian Rupee has been on a climb since last Thursday against the U.S. dollar. On Tuesday, the domestic currency gained 0.4 percent to close at 78.72. Thus, the year to date loss of INR versus USD is now down to 5.9 percent. The gain was largely due to the weakness in the dollar over…
Indian rupee appreciated 9 paise to 79.81 against the U.S. dollar in early trade on Monday, supported by the fall in crude oil prices. At the interbank foreign exchange, the rupee opened at 79.86 against the American dollar. In early trade, the local currency witnessed a high of 79.81 and a low of 79.87 against…
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 rupee depreciated 9 paise to 79.03 against the U.S. dollar in opening trade today, as consistent foreign funds outflows weighed on investor sentiments. Forex traders said the weakness of crude oil prices is supporting the local unit. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was at…
The rupee closed at a fresh all time low of 78.065 against U.S. dollar on Wednesday due to demand for the greenback from foreign portfolio investors, who continued to expatriate the proceeds from the sale of their Indian equity investments. Oil marketing companies also bought dollars. The Reserve Bank of India (RBI) is believed to…
Indian rupee gains 4 paise to 77.62 against the U.S. dollar in opening trade on Monday, supported by a weak American currency in the overseas markets. However, muted domestic equities, uplifted crude oil prices and persistent foreign fund outflows controlled the rupee’s rise, foreign exchange traders said. At the inter-bank foreign exchange, the rupee opened…
The rupee declined 12 paise to 77.62 against the U.S. dollar in trade on Thursday, tracking the strength of the American currency in the global market. At the inter-bank foreign exchange, the rupee opened at 77.61 against the U.S. dollar, then lost ground to priced at 77.62, registering a fall of 12 paise from the…
Indian Rupee gains 3 paise to 77.52 against the U.S. dollar in the early trade on Thursday as a positive trend in domestic equities and weak American currency overseas supported the local unit. Although, increasing crude oil prices in the global markets and continued foreign fund outflows kept the pressure on the domestic currency, Forex…
