The Indian Rupee continued to strengthen against the US Dollar on Monday, supported by foreign buying in the world’s fifth largest stock market. The rupee has fallen 5.3% against the US dollar so far this year, putting it on track for its steepest annual decline since 2022. (Reuters) What’s the rupee rate today? The rupee […]
The Indian Rupee declined to a record low on Friday, as investor sentiment on the currency remained bogged down by the absence of an India-US trade deal while likely portfolio outflows added to the pressure. The rupee weakened to 90.5175 against the US dollar, slipping past its previous all-time low of 90.4675 hit on December […]
Hedging against the Indian Rupee’s weakness became costlier on Tuesday with the currency nearing the 90 mark, reflecting heightened concerns about further depreciation and expectations that the central bank may allow more exchange-rate adjustment. A man walks past a logo of the Reserve Bank of India (RBI) and the Indian Rupee inside the RBI headquarters […]
The Indian rupee dropped to a lifetime low on Monday, with unfavourable trade and portfolio flows and the lack of a U.S.-India trade deal overshadowing the boost from stellar growth. The rupee declined to 89.59 against the U.S. dollar, dipping past its previous record low of 89.49 hit about two weeks ago. (Bloomberg) The rupee […]
