Fri, Nov 10, 2023
Rupee hits record low of Rs.83.42/$. Why was there a sudden decline in the rupee?
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Thu, May 04, 2023
Forex traders said significant foreign fund inflows and crude oil prices below USD 75 a barrel also supported the local unit.
Tue, Apr 04, 2023
The Indian Rupee has been accepted by 18 countries from across the globe for transactions. Malaysia is the latest to join the list of countries that have agreed to trade in Indian Currency. About 30 banks from overseas countries have signed up with Indian banks so far.
Fri, Sep 23, 2022
The rupee is under pressure after the US Federal Reserve hiked benchmark interest rates by 75bps on Wednesday.
Wed, Sep 21, 2022
Forex traders said investors are awaiting the US Fed's policy decision on interest rates for further cues. Moreover, risk-off mood and firm crude oil prices weighed on the local unit.
Tue, Sep 20, 2022
RBI has recently allowed international trade in rupees. For this, changes have been made in the foreign trade policy. Under this, Billing, Payment and Export-Import settlement will be done in rupees. India is trading in local currency with Bangladesh. There is also a consideration to transact with Saudi Arabia in rupees. The Government of India has proposed to transact in rupees in front of Saudi Arabia. Both countries are emphasizing on increasing bilateral cooperation. The demand for De-Dollarization has also increased in global trade. Russia-China wants to reduce the dominance of the dollar. Watch this special report on India 360.
At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.65, registering a gain of 16 paise over its previous close.
Fri, Sep 16, 2022
At the interbank foreign exchange market, the domestic currency opened at 79.80 per dollar. It hovered in a range of 79.71 to 79.85 during the session.
It is worth mentioning that several major currencies have been struggling against the dollar in recent months.
Mon, Aug 08, 2022
The rupee rose 16 paise to close at 79.24 against the dollar in the previous session.
Sun, Aug 07, 2022
In the coming time, unemployment will surge, Basant said.
Tue, Jul 19, 2022
Why Rupee is falling? In a first, the Indian rupee hit the psychological mark of Rs 80 per dollar in the early trade on Tuesday
Fri, Jul 08, 2022
The rupee declined by 10 paise to close at 79.23 (provisional) against the US dollar on Friday, tracking the strength of the American currency in the overseas market.
Tue, Jul 05, 2022
The rupee depreciated 9 paise to 79.04 against the US dollar in opening trade on Tuesday, weighed down by persistent foreign funds outflows.
Mon, Jun 13, 2022
Dollar Vs Rupee: The Indian rupee fell to a new record low beyond 78 against the US dollar today after red-hot US inflation data raised the prospects of aggressive Fed tightening later this week. The dollar was stronger on haven demand amid rising costs and slower growth. The Indian rupee touched a lifetime low of 78.28 to the dollar.
Wed, May 11, 2022
The rupee appreciated 17 paise to 77.17 against the US dollar in opening trade on Wednesday as the American currency retreated from its elevated levels.
Mon, Apr 18, 2022
The rupee declined 6 paise to close at 76.25 (provisional) against the US dollar on Monday, tracking the strength of the greenback overseas and elevated crude oil prices.
Thu, Mar 24, 2022
The rupee was trading in a narrow range in morning trade on Thursday as elevated crude oil prices negated the impact of positive domestic equities.
Wed, Mar 23, 2022
The rupee pared initial gains to settle 14 paise lower at 76.32 (provisional) against the US dollar on Wednesday due to month-end dollar demand from importers and rising crude prices amid geopolitical uncertainties.
Thu, Mar 17, 2022
The rupee advanced 32 paise to 75.89 against the US dollar in the opening trade on Thursday, supported by positive domestic equities, broad dollar weakness and softening crude oil prices.
Wed, Mar 16, 2022
The rupee appreciated 30 paise to 76.32 against the US dollar in opening trade on Wednesday, tracking positive domestic equities and a pullback in crude oil prices.
Mon, Mar 14, 2022
The rupee declined 18 paise to 76.62 against the US dollar in the opening trade on Monday as intensifying geopolitical risks due to the Russia-Ukraine conflict pushed investors towards safe-haven assets.
Fri, Mar 04, 2022
Meanwhile, the US dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.27 per cent to 98.05.
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