Latest Updates Around The World
The Indian rupee posted its best one-day gain in more than a month on Monday, boosted by likely central bank dollar sales and modest inflows that eased spillovers from volatility in global markets.The central bank supplemented its interventions with dollar-rupee buy/sell swaps, which, traders said, were aimed at offsetting the liquidity impact of its spot […]
The Indian rupee rose slightly on Tuesday, helped by a generally weaker dollar and the boost from a landmark trade deal between India and the European Union that is expected to cut tariffs on almost all Indian exports.The rupee closed at 91.72 per dollar, up 0.2% from Friday’s closing level. Indian financial markets were closed […]
Benchmark indices Nifty and Sensex ended the first session of the holiday-shortened week on a strong note on Tuesday after the trade deal between India and the European Union lifted sentiments.Sensex ended Tuesday’s session 319.78 points or 0.39% higher at 81,857.48, while the Nifty50 rose 126.75 points or 0.51% to 25,175.40. Prime Minister Narendra Modi […]
The Indian rupee’s sharp decline towards the 92 per dollar mark reflects mounting pressure in the short term, but according to Abhishek Goenka, founder of IFA Global and Billionz, the currency is likely to stabilize and strengthen in the medium term.Speaking to ET Now, Goenka said that current fundamentals are working against the rupee, making […]
The rupee breached the 91-per-dollar mark for the second time in a month before closing down 14 paise at 90.92 (provisional) against the dollar on Monday as renewed concerns over global trade uncertainties accelerated the withdrawal of foreign funds.Despite the weak US currency and lower crude oil prices, selling pressure on domestic equities pushed the […]
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 Indian rupee closed modestly weaker on Tuesday, pressured by a decline in local stocks and regional currencies, while central bank intervention likely limited the currency’s decline.The rupee fell to 90.19 per dollar, slightly weaker than the close of 90.1625 in the previous session. Asian currencies fell between 0.1% and 0.8%, while India’s stock indices, […]
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 finished lower on Thursday after a choppy session as the Reserve Bank of India’s new surprise intervention was offset by concerns over rates and an outflow from equities.The currency, which opened at 89.95, recovered to 89.75 after the RBI intervened for the second day in a row, bankers said. The price eventually […]
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 […]
