Latest Updates Around The World
The rupee devalued by 6 paise to 90.62 against the US dollar in early trade on Wednesday as geopolitical tensions and demand for the dollar from importers weighed on investor sentiment. At the interbank forex market, the rupee opened at 90.56 against the US dollar but subsequently lost some ground to settle at 90.62, posting […]
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 […]
Indian shares closed lower on Wednesday, with the Sensex and Nifty extending their declines to a third straight session, as investors grappled with uncertainty over the US Federal Reserve’s interest rate outlook following mixed signals from US jobs data. Sentiment was further dampened by the lack of progress on a future US-India trade deal, keeping […]
The rupee devalued by 12 paise to hit an all-time low of 88.80 (provisional) against the US dollar again on Tuesday, pressured by negative domestic equities and overnight gains in the US currency. Forex traders said the outflow of foreign funds in a risk-avoidance situation has further dented investor sentiment globally. However, a decline in […]
