INR-USD | Rupee slides to fresh all-time low of 90.82/Dollar in absence of India-US trade deal

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 […]

Rupee slips to new record low of 90.56/dollar as India-US trade talks drag on| Business News

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 […]

A India-US trade deal, not Fed rate cut, matters more for India’s stock market, rupee| Business News

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 […]

Hedging against Indian Rupee weakness turns costlier as 90/US Dollar looms| Business News

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 […]