In early trade, the rupee fell to an all-time low of 78.29 versus the US dollar

In early trade on Monday, the rupee fell 36 paise to an all-time low of 78.29 versus the US dollar, reflecting the strength of the US currency outside as investors rushed to the safe-haven currency amid an overall risk-averse mood. Investor morale was pulled down by weak Asian currencies, a lacklustre trend in local stocks, […]

Rupee falls 8 paise versus the dollar, reaching a new low of 77.82.

In early trading on Friday, the rupee fell 8 paise to a new low of 77.82 versus the US dollar, reflecting the greenback’s rise in the international market. At the interbank foreign exchange, the rupee began weakly versus the dollar at 77.81, before losing momentum to quote at 77.82, an all-time low, a drop of […]

The rupee falls to an all-time low of 77.74 per dollar

The rupee fell to a new all-time low against the US dollar on Wednesday, ending at 77.74, slightly lower than its previous close of 77.71. Despite continued foreign capital outflows and higher global crude oil prices, the local currency traded in a limited range. The previous low was set on May 19, when it closed […]

Dollar continues 20-year high vs yen amid inflation fears; Aussie falls

The dollar extended its overnight run into Asian trading hours on Tuesday, reaching new two-decade highs against the yen as concerns over continuing inflation drove up US bond rates. The dollar gained ground against the euro, pound, and Swiss franc. It also rose against the Australian dollar, with the market divided on whether the country’s […]

The rupee begins the day with a gain against the US Dollar

In early trade on Thursday, the rupee was trading higher versus the US dollar. However, due to a stronger dollar in outside markets, the immediate gain was limited. On the interbank forex market on Thursday, the rupee rose 3 paise to 77.52 against the US dollar. Meanwhile, in early morning activity on Thursday, stock markets […]

The Sensex drops 236 points in turbulent trade, reversing early gains

On Tuesday, equity indices failed to hold onto their morning gains, with the Sensex dropping 236 points due to a sell-off in information technology firms and negative global market trends. The 30-share BSE benchmark opened higher but was unable to maintain its gains, falling 236 points, or 0.43 percent, to 54,052.61. It traded between 53,886.28 […]

The dollar takes a break as US yields drop ahead of CPI

The US dollar’s rally came to a halt as the DXY index dropped to 103.5 before the release of April’s US Consumer Price Index (CPI) numbers, while Treasury yields fell as investors switched away from a turbulent stock market amid fears about global growth and a potential inflation peak. The Japanese yen (JPY) and Swiss […]