Latest Updates Around The World
The Indian rupee on Wednesday plunged past the psychologically crucial ₹90 mark against the US dollar, its weakest level ever, making it the worst-performing currency in Asia. This sharp decline underlines mounting pressure from continued foreign portfolio outflows, a record trade deficit and stalled trade negotiations between India and the US. This persistent weakness raises […]
The rupee recovered from its all-time low to rise 19 paise to 89.96 against the US dollar on Thursday, following weakness in the US dollar index and reports of the Reserve Bank of India’s supposed intervention.Forex traders said the dollar fell after ADP non-farm payrolls data came in sharply below expectations, and softness in the […]
The rupee fell to an all-time low of 89.79/$1 intraday before being pulled out of the depths following reported central bank interventions, but still recorded an all-time low of 89.55/$1 as unwinding of short positions by the Reserve Bank of India (RBI) had led to stop losses in the market in the morning, traders said.The […]
Indian government bonds fell in early trading on Monday as a weaker rupee and tight liquidity curbed demand, halting a rally fueled by the central bank’s decision to cancel some bond sales, which was seen as a signal of discomfort with rising yields. The yield on the benchmark 10-year bond stood at 6.5415% at 10:40 […]
The Indian rupid hit a new record on Tuesday with 88,7975 per dollar, making it the worst performing currency among his Asian colleagues. The rupid is under pressure due to a sharp rise in American visa costs, which is seen that threatens the IT sector and transfers of the country, the pressure of high rates […]
The Indian rupid dropped this tax year to the lowest against the dollar on Tuesday at an over-de-board reinforcement in the Greenback in the midst of uncertainty with regard to the approaching trade agreement with the US, dealers said. Monthly dollar question from importers also put pressure on the rupid. The local currency fell to […]
The Indian currency closes at 86.08, 48 Paise against the previous closure of 85.60. | Photocredit: Baris-Ozer The rupid came under pressure on Friday and placed his largest valley in more than month to close under 86 to the dollar, because the prices of crude oil enriched in the aftermath of Israel who launched a […]
