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 […]
To protect the rupee, the RBI may be cautious about spending FX reserves
Analysts expect it to launch a more limited defense this time, geared at fighting off the worst of speculative attacks rather than drawing a line in the sand when global capital flows are shifting and the Fed is expected to increase throughout the year To save ammunition amid a broad dollar surge spurred by expectations […]
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 then gained further ground to quote at 77.17, up 17 paise from the previous close. The rupee also hit a […]
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 marke 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 […]
IN EARLY TRADE, THE RUPEE JUMPED 8 PAISE TO 76.40 AGAINST THE US DOLLAR
In early trade on Wednesday, the rupee rose 8 paise to 76.40 against the US dollar in anticipation of foreign fund inflows through the LIC IPO The rupee began at 76.46 against the dollar on the interbank foreign exchange, then gained ground to quote at 76.40, an increase of 8 paise from the previous close. […]
In early trade, the rupee rose 6 paise to 76.44 against the US dollar
In early trade on Monday, the rupee rose 6 paise to 76.44 against the US dollar, owing to a drop in global petroleum prices. However, currency traders claimed that the rupee’s advances were restrained by a sluggish trend in domestic equities and a strong dollar in the overseas market The rupee opened strong at 76.48 […]
As the yen falls on the dovish BOJ, the dollar reaches a 20-year high and the euro a 5-year low
The dollar rose to a 20-year high against its peers on Thursday as the Bank of Japan maintained its dovish stance, sending the yen to its lowest level since 2002 and the euro to a five-year low amid concerns about the region’s economic growth The dollar soared beyond 130 yen as the Bank of Japan […]
In Early Trade, The Rupee Fell 16 Paise To 76.72 Against The US Dollar.
In early trade on Wednesday, the rupee fell 16 paise to 76.72 against the US dollar, driven down by the greenback’s strength and continuous foreign fund outflows The rupee opened at 76.69 versus the dollar on the interbank foreign exchange, before losing ground to quote at 76.72, a drop of 16 paise from the previous […]
Sri Lanka’s forex crisis leads to a tourism crisis
With Sri Lanka going through an ongoing foreign exchange criss, governments of the United Kingdom, and Canada have warned their travellers about the economic situation. The UK government has warned its travellers that Sri Lanka is reeling under a crisis with shortages of medicines, food, and fuel, as there is now a shortage of hard […]
