Latest Updates Around The World
The rupee traded within a narrow range against the US dollar in early trade on Wednesday after support from positive domestic equities was offset by month-end dollar demand. Forex traders said the major factors affecting the rupee are geopolitical developments. Moreover, the Reserve Bank of India has also intervened on both the buying and selling […]
RBI last bought government bonds in May and bought debt worth ₹5.2 lakh crore in the five months to May 2025. | Photo credit: FRANCIS MASCARENHAS The Reserve Bank of India is likely to resume bond purchases early next year as signs of liquidity problems emerge among lenders, analysts said. The central bank could buy […]
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 […]
The rupee struggled to hold course on Thursday, stuck in a narrow range before ending marginally higher as inflows into local equities and selling of dollars by state-owned banks offset importers’ demand for the US currency for hedging. The rupee had opened higher at 87.8325 per US dollar, supported by a media report that Washington […]
The rupee rose 9 paise to 87.93 (provisional) against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices. Positive sentiments in domestic stock markets lent further support to local unity, according to forex traders. At the interbank forex market, the rupee opened at 87.94 against the US dollar and […]
The rupee closed at 87.975 per US dollar on October 17 (Friday), compared to last Friday’s close of 88.6850, amid dollar weakness, softer crude oil prices and hopes of a positive outcome from US-India tariff talks. The rupee, which gained 71 paise last week, could get further support on potential inflows of $3 billion from […]
The rupee pared initial gains to close 7 paise lower at 88.03 (provisional) against the US dollar on Friday, weighed down by trade tensions and global uncertainties. Forex traders said renewed foreign fund inflows and lower crude oil prices further boosted investor sentiment and limited the downside. At the interbank forex market, the rupee opened […]
The rupee appreciated 10 paise to close at 88.69 (provisional) against the US dollar on Friday, thanks to strength in domestic markets and general weakness in crude oil prices. Forex traders said the rupee rose on strong domestic markets and a decline in commodity prices. Central bank intervention also supported the domestic currency. However, a […]
The Indian rupid ended higher on Wednesday, even when most Asian currencies fell, in which market participants gambled on the unit that organized a recovery in the short term, while the weakness in the dollar index and strong local shares also helped the sentiment. The currency ended at 88,0700, an increase of 0.1% compared to […]
