Latest Updates Around The World
The Indian rupee ended slightly lower on Friday, posting a weekly loss, as steady demand for dollars from corporates and in the non-deliverable futures market erased gains fueled by aggressive central bank interventions.The rupee closed at 89.85 per dollar, slightly weaker than 89.7850 in the previous session. The currency fell 0.6% this week, reversing course […]
Mumbai: The Indian rupee fell on Monday after a three-day rally against the US dollar, although it did not cross the 90 mark. The decline was driven by demand for dollars from local companies and pressure from the non-deliverable futures market, which offset recent intervention-led gains. The rupee closed at 89.65 per dollar, down 0.4% […]
ERD officials said past trends suggest that net portfolio inflows during CY07-CY14 averaged $162.8 billion, while portfolio inflows from CY15 to CY25 (*year to date) were much lower at $87.7 billion. | Photo credit: iStockphoto The days of large currency flows are over as geopolitical uncertainties have taken over, according to a report by SBI’s […]
The Indian rupee soared on Wednesday, posting its best overnight gain in two months, after a crackdown by the Reserve Bank of India ended its five-day slide and eased nascent speculative pressures on the currency.The rupee closed at 90.38 per US dollar, up 0.7% from the closing rate of 91.0275 in the previous session. The […]
The Indian rupee fell to a lifetime low on Tuesday as weak risk appetite compounded ongoing pressure from hedging demand and portfolio outflows amid continued uncertainty over a US trade deal.The rupee fell to 91.0750 per dollar before ending 0.3% lower at 91.0275. The currency has fallen more than 6% against the dollar this year […]
The Indian rupee ended weaker on Monday after a decline in local stocks and a marginal decline in Asian currencies weighed on the currency, while traders remained cautious about speculative positions as the rupee settles into a new trading range.The local currency closed at 90.07 per US dollar, down 0.1% on the day. Probable outflows […]
The Indian rupee strengthened in early trading on Friday, extending its recovery above the 90 per dollar mark as traders largely steered clear of targeted bets on the currency ahead of a closely watched policy outcome from the central bank. The rupee stood at 89.7250 at 9:25 AM IST, up 0.3% from its previous close. […]
The Indian rupee fell to a record low on Tuesday, widening losses due to the lack of a trade deal between India and the United States, which has hit trade inflows and portfolios.The currency traded at 89.9475 against the US dollar before closing at 89.87, down almost 0.4% on the day and its fifth consecutive […]
The Indian rupee posted a monthly decline to close just shy of its record low on Friday, largely supported by central bank interventions that countered outflow pressures and an increased willingness to bet against the currency.The rupee closed at 89.4575 against the US dollar, down 0.6% on the month and just a fraction away from […]
