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The Indian rupee was little changed on Wednesday as generally softer dollar and greenback selling from foreign banks gave the currency some breathing space north of the psychologically important 91 per dollar mark. The rupee was at 90.92 per dollar at 10:30 am IST, slightly above Tuesday’s close of 90.95. A series of contract maturities […]
Analysts say the zone between 89.80 and 90.00 has now emerged as a strong base of support for the rupee against the US dollar. The rupee may find near-term support in the wake of reaching a framework for an interim agreement on reciprocal and mutually beneficial trade between India and the US, with market experts […]
At the interbank foreign exchange market, the rupee opened at 90.35 and touched an early high of 90.26 and a low of 90.54 against the dollar. | Photo credit: FRANCIS MASCARENHAS The rupee fell 11 paise to 90.43 (provisional) against the US dollar on Wednesday after a sharp rally in the previous trading session following […]
A customer holds Indian hundred rupee notes at a roadside exchange office in New Delhi | Photo credit: The US Fed’s dual move of cutting interest rates and announcing that it will buy US government bonds could attract FPI investments into the Indian debt and equity markets and have a positive impact on the rupee, […]
The Indian currency closed around 52 paise lower compared to the previous close of 89.9650 per US dollar. On Thursday, the INR surpassed the previous week’s record low of 90.43 per dollar The rupee closed at a record low of 90.4825 per US dollar on Thursday, weighed down by India’s delay in finalizing a tariff […]
In the current calendar year so far, the rupee has weakened about 5 percent or 426 paise against the dollar | Photo credit: LeoWolfert RBI’s plan to hold a $5 billion dollar/rupee buy/sell auction on December 16 for a three-year terme is aimed at increasing firepower to intervene in the spot market without depleting foreign […]
The rupee started 10 paise weaker at 89.97 compared to the previous close and tested an intraday high/low of 89.9650/90.30 per dollar. | Photo credit: PTI The rupee breached the psychologically crucial 90 against the US dollar level on Wednesday to close at a new all-time low of 90.19, against the backdrop of continued FPI […]
In the calendar year to date, the rupee has depreciated about 5 percent (or about 425 paise) against the US dollar The rupee came within range of the psychologically crucial 90 per dollar mark on Tuesday, testing an intraday all-time low of 89.95 and closing at a record low of 89.87. The Indian currency (INR) […]
The dollar remained just below multi-month highs on Thursday as a recovery in appetite for riskier assets lifted recent highs, while sterling was under pressure ahead of a Bank of England meeting where investors expect a dovish tone. At $1.1495 against the euro, the dollar is little changed, although it is marginally weaker than Tuesday’s […]
