Latest Updates Around The World
The Indian rupee fell on Friday under dollar demand pressure linked to maturing non-deliverable forward positions and corporate hedging, as global markets awaited a major US Supreme Court ruling on trade tariffs. The currency closed at 90.1625 against the US dollar, down 0.1% on the day, but little changed from week to week. Weakness in […]
The Indian rupee ended slightly higher on Tuesday, breaking its four-day losing streak as state-owned banks and foreign lenders sold dollars.However, importers took advantage of this move to increase hedging, which bankers said dampened profits. The local currency opened at 90.2150 and rose to an intraday high of 90.09, supported by dollar offers from state-owned […]
The Indian rupee fell on Monday, following Asian peers, under pressure from demand for dollars around the Reserve Bank of India’s benchmark interest rate.The rupee ended at 90.2775 per dollar on Friday, down from 90.1975. The currency traded in a narrow range of 10 paisa and witnessed its fourth consecutive decline. Dollar and rupee forward […]
The Indian rupee weakened for a third straight time on Monday as demand for corporate dollars through private banks put pressure on the currency, with bids at the central bank’s reference rate adding to resistance, traders said. The rupee closed at 89.9750 per US dollar, softer than Friday’s close of 89.85. ‌It opened at 89.88 […]
The Indian rupee ended slightly lower on Friday, posting a weekly loss, as steady demand for dollars from corporates and in the non-deliverable futures market erased gains fueled by aggressive central bank interventions.The rupee closed at 89.85 per dollar, slightly weaker than 89.7850 in the previous session. The currency fell 0.6% this week, reversing course […]
The Indian rupee ended slightly lower on Friday, posting a weekly loss, as steady demand for dollars from corporates and in the non-deliverable futures market erased gains fueled by aggressive central bank interventions.The rupee closed at 89.85 per dollar, slightly weaker than 89.7850 in the previous session. The currency fell 0.6% this week, reversing course […]
Mumbai: The Indian rupee fell on Monday after a three-day rally against the US dollar, although it did not cross the 90 mark. The decline was driven by demand for dollars from local companies and pressure from the non-deliverable futures market, which offset recent intervention-led gains. The rupee closed at 89.65 per dollar, down 0.4% […]
