Latest Updates Around The World
The Indian rupee, which had fallen dangerously close to $91.1 after five consecutive sessions of losses, made a sharp turnaround on Wednesday after decisive intervention by the Reserve Bank of India. This halted a one-way decline and gave the currency its strongest daily gain in two months.The rupee closed at 90.38 per US dollar, up […]
The rupee closed at a new low of 90.73 against the dollar on Monday as foreign institutional investors continued to reduce their exposure to Indian equities.The currency devalued 32 paise from Friday’s closing level of 90.41 after hitting an intraday low of 90.80, which is its all-time low. The impasse over the India-US trade deal, […]
The rupee hit a new all-time low of 90.41 against the dollar on Friday, reflecting strong demand for dollars from importers amid rising global precious metals prices. The currency hit an intraday record low of 90.56 against the dollar.The lack of an India-US trade deal and Mexico’s imposition of protectionist tariffs on India and other […]
The rupee breached the psychologically significant 90 mark against the US dollar for the first time on Wednesday as India’s trade gap, continued exits by foreign investors and a delay in the much-awaited trade deal with Washington weighed on the local currency, experts said.The rupee was trading at a low of 90.29 against a dollar […]
Analysts said the market is positioning for a stronger dollar as the RBI remains heavily short forwards and adopts a “soft-touch” intervention strategy. The rupee hit a record low on Monday, pressured by factors such as the RBI’s decaying positions in the non-deliverable forward (NDF) market, FIIs continuing to sell in the domestic equity markets […]
The Indian rupid hit a new record on Tuesday with 88,7975 per dollar, making it the worst performing currency among his Asian colleagues. The rupid is under pressure due to a sharp rise in American visa costs, which is seen that threatens the IT sector and transfers of the country, the pressure of high rates […]
The Indian rupid rose higher for the third consecutive day and closed 16 Paise on Tuesday due to a wider dollar weakening prior to the start of the two -day policy meeting of the American Federal Reserve, dealers said. The local currency closed at 88,0525 per dollar towards the end of Monday of 88.21/1 $, […]
The Indian rupid dropped this tax year to the lowest against the dollar on Tuesday at an over-de-board reinforcement in the Greenback in the midst of uncertainty with regard to the approaching trade agreement with the US, dealers said. Monthly dollar question from importers also put pressure on the rupid. The local currency fell to […]
