Rupee falls to a new intraday low, but recovers when RBI intervenes
The rupee struck a new intra-day low on Thursday, breaching the 77.5/$ barrier, as the US dollar strengthened, before the Reserve Bank of India (RBI) intervened to aid minimise its losses.The rupee finished the day at 77.43 per dollar, down 18 paise or 0.24 percent from its previous close of 77.24 per dollar. “As the […]
Rupee falls to a new low of 77.58 against the US dollar
The Indian rupee fell to a new record low against the US dollar on Thursday, echoing losses across Asian rivals. The drop in global and local shares following the US inflation report pointed to more aggressive Fed tightening amid deteriorating investor confidence hit down by the global economic slowdown. The currency began trading at 77.56 […]
In early trade, the rupee rose 17 paise to 77.17 against the US dollar
In early trade on Wednesday, the rupee rose 17 paise to 77.17 against the US dollar, as the American currency fell from its recent highs. The rupee began at 77.24 versus the dollar on the interbank foreign exchange, then gained further ground to quote at 77.17, up 17 paise from the previous close. The rupee […]
As crude oil prices rise, the rupee falls to an all-time low of 77.42 per dollar
The Indian rupee has broken over the 77-per-dollar barrier for the first time, owing to rising crude oil prices and a growing trade deficit.The rupee was trading at 77.32 per dollar, 41 paise lower than its previous close.The US Federal Reserve’s hawkish posture has resulted in higher US bond yields, with the dollar index reaching […]
In early trade, the rupee climbs 29 paise to 76.11 against the US dollar
The rupee rose 29 paise to 76.11 against the US dollar in early trade on Thursday, as the US currency fell in the international market. The rupee began at 76.17 against the US dollar on the interbank foreign exchange, then gained ground to quote at 76.11, a 29-paise increase from the previous day. The rupee […]
Rupee advances 23 paise to 75.93 against US dollar in early trade
The rupee appreciated 23 paise to 75.93 against the US dollar in the opening trade on Tuesday, following a positive trend in domestic equities amid softening global crude oil prices. A weak American currency in the overseas market also helped the domestic unit, forex traders said. At the interbank foreign exchange, the rupee opened strong at 75.97 […]
