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The modest opening reflected mixed global signals and continued concerns over foreign institutional investor outflows and continued rupee weakness, even as expectations of a US Federal Reserve rate cut provided some support. The benchmark indices opened marginally higher on Thursday morning with the Sensex rising 156.04 points or 0.18 per cent to ₹85,262.85 and the […]
The rupee’s fall above 90 per dollar can be used to raise an uncomfortable question: could the Indian currency fall to 100? The decline so far has been steady, not sudden, and is rooted in a mix of weaker exports, heavy foreign outflows and a global environment that continues to favor the US dollar. The […]
The rupee started 10 paise weaker at 89.97 compared to the previous close and tested an intraday high/low of 89.9650/90.30 per dollar. | Photo credit: PTI The rupee breached the psychologically crucial 90 against the US dollar level on Wednesday to close at a new all-time low of 90.19, against the backdrop of continued FPI […]
IT stocks such as Infosys, TCS and Wipro rose up to 2% on Wednesday after the sharp fall in the rupee past the Rs 90 per dollar mark spurred renewed buying in high-export technology names. The currency’s fall to an unprecedented 90.13 against the US dollar, its weakest level ever, pushed investors towards dollar income […]
In the calendar year to date, the rupee has depreciated about 5 percent (or about 425 paise) against the US dollar The rupee came within range of the psychologically crucial 90 per dollar mark on Tuesday, testing an intraday all-time low of 89.95 and closing at a record low of 89.87. The Indian currency (INR) […]
Mumbai: The rupee hit its weakest level ever, falling past the psychologically significant 89 per dollar mark for the first time on Friday before closing at 89.49. The rupee weakened nearly 80 paise from its previous close and recorded an intraday low of 89.59 on Friday, LSEG data showed.Among the factors cited by traders were […]
During the day, the rupee witnessed a huge move of 107 paise with the high/low being 88.60/89.67. The rupee saw its biggest single-day decline in recent times on Friday, crossing the 89-to-dollar mark to close at an all-time low. The Indian currency (INR) was under pressure due to a worsening trade deficit, lack of visibility […]
During the day, the rupee witnessed a huge move of 107 paise with the high/low being 88.60/89.67. The rupee saw its biggest single-day decline in recent times on Friday, crossing the 89-to-dollar mark to close at an all-time low. The Indian currency (INR) was under pressure due to a worsening trade deficit, lack of visibility […]
The Indian rupee hit a new low of 89.48 against the US dollar on Friday, pressured by US sanctions imposed on certain Indian companies linked to Iran’s oil trade. The rate fell by 87 paise to close at an all-time low of 89.55 (provisional) against the US dollar.The coin breached the previous low of 88.80, […]
The rupee consolidated within a narrow range and settled 6 paise lower at 88.68 (provisional) against the US dollar on Thursday as foreign fund outflows and continued demand for dollars from local importers, including oil companies, put pressure on the local currency.Forex traders said the rupee is trading in a tight range as overnight decline […]
