Rupee started the day higher versus the dollar at 82.58, up 13 paisas from its previous close of 82.72 on Tuesday as the value of the dollar against a basket of six peers remained stable. Tuesday saw a decline in the price of crude oil, helping the currency. A weaker dollar and upbeat global market…
On Monday, the Indian rupee is anticipated to weaken due to a strong dollar and an increase in crude oil prices. The dollar is trading close to its five-week high as expectations for continued Fed policy tightening rise in the wake of the Labor Department’s revision of the CPI data upward for the previous three…
The recovery in local markets helped the rupee trim its initial losses and end the day unchanged at 82.54 (provisional) vs the US dollar. The local currency started the day at 82.59 versus the dollar on the interbank foreign exchange market and fluctuated during the day between a low of 82.66 and a high of…
On Thursday, the Indian rupee depreciated by 10 paise to open at 82.59 against the dollar, down from the previous close of 82.49. Due to the strengthening dollar and growing price of crude oil, the local currency is anticipated to decline today. Additionally, a consistent FII exodus from domestic equity markets could put pressure on…
On Monday, the rupee opened about 60 paise down at 82.41 per dollar as the dollar’s value increased versus a basket of six peers and against international crude oil benchmarks. At the interbank foreign exchange, the local unit started out weakly versus the dollar at 82.35 before dropping to 82.50 and losing 42 paise from…
On Tuesday, the Indian rupee depreciated against the dollar, opening at 81.59 against the previous close of 81.50. The local currency is probably going to lose value today due to a strong dollar and further FII withdrawals. Investors will also pay special attention to important US macroeconomic data, such as the CB consumer confidence index,…
Early on Wednesday, the rupee lost 13 paise to reach 81.82 against the U.S. dollar as investor sentiment was dampened by the strengthening of the US dollar and high crude oil prices. At the interbank foreign exchange, the local unit started out weakly versus the dollar at 81.80, then dropped to 81.82, losing 13 paise…
The assumption that the US Federal Reserve may be more cautious in raising interest rates, the decline in the price of crude oil, and banks selling dollars on behalf of exporters and foreign portfolio investors all helped the Rupee close at a five-week high on Tuesday. The Indian rupee (INR) increased 58 Paise from the…
Tuesday’s opening rate for the Indian rupee was slightly lower than the previous day’s close of 82.65 to the dollar. Due to a rise in risk appetite on international markets and the depreciation of the dollar, the local currency is anticipated to increase in value. Market confidence increased on expectations of more gradual Fed rate…
The rupee saw a high-voltage week in the domestic currency market, falling from 81.21 to 82.77 before ending at 82.28, losing more than a percentage point. Better global cues, lower crude oil prices, the central bank buying dollars, and inflows of foreign funds all weighed on the rupee, making it difficult for it to advance….
