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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 shocked markets on Wednesday after the Reserve Bank of India (RBI) intervened aggressively to halt a one-way decline, leading to a sharp intraday reversal that reflected how fragile sentiment has become.The rupee rose from near 91 to an intraday high of 89.75 per dollar before falling to around 90.28 even as foreign […]
