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The Indian rupee fell to its lowest level in two weeks on Thursday as the outflows compounded the blow of an hawkish stance in Federal Reserve policy that pushed dollar and U.S. Treasury yields higher. The rupee closed at 88.6950 against the US dollar, down 0.6% on the day after hitting a two-week low of […]
The rupee devalued by 21 paise to 88.40 against the US dollar in early trade on Tuesday, pressured by month-end dollar demand from importers and a rise in global crude oil prices. Forex traders said investors are watching Wednesday’s Federal Reserve policy decision for further clues. Markets assign a 97.8 percent probability of a 25 […]
The Indian rupee hovered near all-time lows on Thursday as a likely intervention from the Reserve Bank of India helped stave off continued pressure on the South Asian currency. The rupee closed at 88.7825 against the US dollar, almost flat on the day but within reach of last week’s low of 88.80. Sustained dollar selling […]
