The Indian rupee fell to a fresh all-time low of 77.43 against the U.S. dollar on Monday as raised crude oil prices, inflation fears, interest rate hikes and weak domestic equities weighed on investor sentiments. Risk aversion in international markets, dollar strength reduced demand for riskier assets, pull the local unit lower. The rupee decreased as much…
The rupee was down on Friday by the U.S dollar earning strength globally and the sustained greenback purchases by foreign investors, who continued to sell the shares in the Indian equity market in the wake of the U.S. Fed rate hike. The Indian unit decreased about 66 paise to close at 76.9150 per dollar against…
The rupee gained 8 paise to 76.40 against the U.S. dollar in early trade on Wednesday in expectation of foreign fund inflows through LIC IPO. At the interbank foreign exchange, the rupee opened at 76.46 against the U.S. dollar, then gained further ground to price at 76.40, registering a rise of 8 paise from the…
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…
The Indian rupee USD/INR opened slightly higher at 76.26 and moved towards 76.36 against the US dollar on Thursday morning, after that the rupee fallen towards 76.06. As the session started, the domestic currency down amid U.S. dollar strengthening in the international market on coming aggressive interest rate hike by the U.S. Fed in the upcoming months…
