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The Indian rupee was little changed on Friday as pressure from weak local stocks and increased interbank demand for dollars accompanied a likely central bank intervention to defend the currency, traders said.The rupee closed at 90.6350 per dollar, down marginally from the closing rate of 90.59 in the previous session. The currency changed little week […]
The Indian rupee rose 125 paise on Tuesday after the announcement of the US-India trade deal lifted sentiment on the currency and recorded its best day in seven years, LSEG data said. The rupee closed at 90.26/$, compared to the previous close of 91.51/$1, unable to move above 90/$1 due to the presence of the […]
The rupee breached the 91-per-dollar mark for the second time in a month before closing down 14 paise at 90.92 (provisional) against the dollar on Monday as renewed concerns over global trade uncertainties accelerated the withdrawal of foreign funds.Despite the weak US currency and lower crude oil prices, selling pressure on domestic equities pushed the […]
The Indian rupee posted a monthly decline to close just shy of its record low on Friday, largely supported by central bank interventions that countered outflow pressures and an increased willingness to bet against the currency.The rupee closed at 89.4575 against the US dollar, down 0.6% on the month and just a fraction away from […]
