Latest Updates Around The World
The Indian rupee, already Asia’s worst performing currency in FY26, lost 50 paise on Monday as Iranian attacks on major West Asian energy assets caused crude oil prices to rise by around 10% despite pledges from major global exporters to modestly increase production.The rupee closed below 91 to the dollar for the first time in […]
The Indian rupee finished almost flat on Wednesday as demand for the dollar, fueled by expiring contracts in the non-deliverable futures market, blunted the positive boost from modest inflows and gains among Asian peers.Despite expectations of increased dollar demand linked to NDF maturities this week, willingness to bet against the currency has also dulled on […]
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 […]
The Indian rupee ended little changed on Tuesday as periodic interventions by the Reserve Bank of India slowed the currency’s rate towards the psychologically important level of 91 per dollar.Tepid global risk sentiment and steady demand for hedging from importers have kept the currency lower even after it recovered from near record lows around 92 […]
The Indian rupee’s rate was little changed on Monday as usual dollar demand offset inflows, keeping the currency largely within range at the start of the week.The rupee moved in a narrow band of 10 paise to end at 90.65 against the previous close of 90.6350. The rupee had risen earlier this month, supported by […]
The Indian rupee was little changed on Friday as pressure from weak local stocks and increased interbank demand for dollars accompanied a likely central bank intervention to defend the currency, traders said.The rupee closed at 90.6350 per dollar, down marginally from the closing rate of 90.59 in the previous session. The currency changed little week […]
The Indian rupee closed slightly weaker on Monday, unable to benefit from a broadly weaker dollar due to corporate demand for the dollar, in a trading session that was also marked by technical difficulties.The rupee closed at 90.7575 per dollar, down 0.1% from its close of 90.6550 on Friday. Market participants had noticed trade execution […]
The Indian rupee fell on Friday, scorched by likely dollar outflows and traders cutting long bets, but posted its best gain in more than three years after New Delhi and Washington announced a long-awaited trade deal.The rupee closed at 90.6550 per dollar, down 0.3% on the day but up 1.4% on a weekly basis, the […]
The Indian rupee finished modestly weaker on Wednesday as companies hedged their exposure to the dollar and traders assessed a stronger outlook for the Asian currency, a day after a trade deal with the US sparked the sharpest rally in more than seven years.The rupee fell at 90.4350 per dollar, down 0.2% from the close […]
The Indian rupee rose 125 paise on Tuesday after the announcement of the US-India trade deal lifted sentiment on the currency and recorded its best day in seven years, LSEG data said. The rupee closed at 90.26/$, compared to the previous close of 91.51/$1, unable to move above 90/$1 due to the presence of the […]
