Latest Updates Around The World
The rupee pared initial gains to end day 6 lower at 90.29 (provisional) against the US dollar on Wednesday after likely central bank intervention was offset by a strong dollar, foreign outflows from capital markets and higher crude oil prices.Forex traders said the rupee is likely to trade with a negative impact on risk aversion […]
The rupee devalued by 12 paise to hit an all-time low of 88.80 (provisional) against the US dollar again on Tuesday, pressured by negative domestic equities and overnight gains in the US currency. Forex traders said the outflow of foreign funds in a risk-avoidance situation has further dented investor sentiment globally. However, a decline in […]
The rupee witnessed intra-band trading on Wednesday and settled three paise lower for the day at 88.80 (provisional) against the US dollar. This followed a negative trend in domestic equities amid a rise in risk sentiment. Forex traders said the US dollar is holding steady, but beneath the greenback’s steady façade lies growing tension. The […]
The rupid traded in a tight reach and dropped 5 Paise to 87.63 against the US dollar with depreciation pressure that is still hanging in the midst of persistent commercial uncertainty and a solid background of the US. Forex traders said the rupid acts in a narrow range, because the reserve Bank of India protects […]
