The Indian rupee closed modestly weaker on Tuesday, pressured by a decline in local stocks and regional currencies, while central bank intervention likely limited the currency’s decline.The rupee fell to 90.19 per dollar, slightly weaker than the close of 90.1625 in the previous session. Asian currencies fell between 0.1% and 0.8%, while India’s stock indices, […]
The rupee gained a solid 97 paise to close at 89.27 against the US dollar on the last day of the week as the currency fell above 91 for the first time ever.This was the third straight day of appreciation, recovering from an all-time low of 91.08 on Tuesday. This is also the strongest closing […]
The Indian rupee ended weaker on Monday after a decline in local stocks and a marginal decline in Asian currencies weighed on the currency, while traders remained cautious about speculative positions as the rupee settles into a new trading range.The local currency closed at 90.07 per US dollar, down 0.1% on the day. Probable outflows […]
The Indian rupid closed on 88.10/$ 1 after recently appreciated on Tuesday, versus the previous closure of 88.27/$ 1, was shown from LSEG data. It was opened at 88/$ 1, or 27 Paise stronger than his previous closure in the midst of a slightly weaker dollar index. The local currency was reinforced to 87.95/$ 1 […]