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Indian markets broke their losing streak on Monday, supported by gains in the financial sector and energy stocks, with added strength from the pharmaceutical and healthcare sectors. The Nifty ended a two-session decline to close at 25,682.75, up 211.65 points or 0.83%, while the 30-share BSE Sensex recovered after three straight declines to end at […]
At the interbank foreign exchange market, the rupee opened at 90.35 and touched an early high of 90.26 and a low of 90.54 against the dollar. | Photo credit: FRANCIS MASCARENHAS The rupee fell 11 paise to 90.43 (provisional) against the US dollar on Wednesday after a sharp rally in the previous trading session following […]
The rupee recovered on Wednesday to close 65 paisa stronger at 90.38 per dollar, reversing a five-day freefall period after the central bank was likely to intervene in the foreign exchange market.The currency gained 0.7% from the previous close of 91.03, making it the best single-day performance in two months. “The correction can be attributed […]
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 […]
At the interbank foreign exchange market, the rupee opened at 88.70 against the US dollar. During the day, the domestic unit witnessed an intra-day low of 88.75 against the dollar. | Photo credit: istock.com The rupee fell by three paise to 88.73 (provisional) against the US dollar on Friday, pressured by the strength of the […]
The rupee fell 2 paise to 88.65 (provisional) against the US dollar on Friday, amid strong US currency against major foreign currencies and rising crude oil prices.A weak trend in domestic stock markets also weighed on the domestic currency, forex traders said. At the interbank forex market, the rupee opened at 88.61 and fell to […]
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 […]
