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 strengthened to under 90/Dollar for the first time in nearly a week, on likely interventions by the Reserve Bank of India in the forex market. The rupee is heading towards its sharpest yearly fall since 2022. (AFP) At the interbank foreign exchange market, the rupee opened at 90.19 against the US dollar, […]
The Indian rupee strengthened the most in seven months on Wednesday after the Reserve Bank of India aggressively sold dollars to support the currency. Stocks also gained. The RBI likely intervened at the 91/dollar level, buying $5 billion of dollars via a foreign-exchange swap on Tuesday. (Reuters) The rupee rose as much as 1%, the […]
India’s stock market fell in early trade today as investors navigated persistent foreign outflows and a depreciating rupee, while an India-US trade deal was elusive. The Sensex and Nifty 50, which hit record highs on 1 December, have been on shaky ground since then. (HT) At 10:15 am, the 30-share BSE Sensex was down 0.55% […]
The Indian Rupee slipped to an all-time low for the fourth consecutive session on Tuesday, as an India-US trade deal remained elusive. The rupee slipped to an all-time low of 90.82, eclipsing its previous record low of 90.7875 hit on Monday. (Reuters) The rupee slipped to an all-time low of 90.82, eclipsing its previous record […]
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 […]
India’s stock markets are trading mixed after the US Federal Reserve delivered a third straight interest-rate cut, as investors tracked cues on progress of a India-US trade deal that’s been a WIP for months. The Bombay Stock Exchange building on Dalal Street in Mumbai. (Bloomberg) On Thursday, the 30-share BSE Sensex opened 0.17% higher only […]
The Indian Rupee fell past 90 per US dollar for the first time on Wednesday, as traders bet that the lack of a India-US trade deal and exodus of foreign monies from the stock market will keep Asia’s worst performing currency under pressure without central bank intervention. The rupee has fallen 5.3% against the US […]
The Indian Rupee weakened past the psychologically crucial 90 per US dollar mark on Wednesday, extending its rough patch as the weakness in trade and portfolio flows alongside worries over a missing trade deal with Washington kept the currency under pressure. FILE PHOTO: A customer holds hundred rupees Indian currency notes near a roadside currency […]
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 […]
