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 rupee breached the psychologically significant 90 mark against the US dollar for the first time on Wednesday as India’s trade gap, continued exits by foreign investors and a delay in the much-awaited trade deal with Washington weighed on the local currency, experts said.The rupee was trading at a low of 90.29 against a dollar […]
The Indian rupid dropped this tax year to the lowest against the dollar on Tuesday at an over-de-board reinforcement in the Greenback in the midst of uncertainty with regard to the approaching trade agreement with the US, dealers said. Monthly dollar question from importers also put pressure on the rupid. The local currency fell to […]