The Indian rupee closed modestly weaker on Tuesday, pressured by a decline in local stocks and regional currencies, while central bank intervention likely limited the currency’s decline.The rupee fell to 90.19 per dollar, slightly weaker than the close of 90.1625 in the previous session. Asian currencies fell between 0.1% and 0.8%, while India’s stock indices, […]
The rupee weakened further past the 90 per dollar mark to a record low for the third straight session on Monday, driven by concerns over a prolonged deadlock in US-India trade talks and continued portfolio outflows. The rupee fell to 90.7850, extending this year’s decline to around 6%, before ending the session slightly higher at […]
The rupee weakened further past the 90 per dollar mark to a record low for the third straight session on Monday, driven by concerns over a prolonged deadlock in US-India trade talks and continued portfolio outflows.The rupee fell to 90.7850, extending this year’s decline to around 6%, before ending the session slightly higher at 90.73 […]
The Indian rupee ended weaker on Monday after a decline in local stocks and a marginal decline in Asian currencies weighed on the currency, while traders remained cautious about speculative positions as the rupee settles into a new trading range.The local currency closed at 90.07 per US dollar, down 0.1% on the day. Probable outflows […]