Thu, Apr 25, 2024
Currency Market Update: The rupee inched up 1 paisa to close at 83.32 (provisional) against the US dollar as the support from positive domestic equities was negated by continued selling pressure from foreign funds.
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Tue, Apr 23, 2024
Currency Market Update: The rupee appreciated by 5 paise to close at 83.31 against the US dollar on Tuesday on positive domestic markets and a soft American currency. At the interbank foreign exchange market, the local unit opened at 83.37 against the greenback.
Fri, Apr 19, 2024
Currency Market Update: The rupee pared initial losses to finally settle 4 paise higher at 83.48 against the US dollar on Friday, tracking a strong rebound in domestic equities. Forex traders said the domestic currency fell in early trade on risk aversion in global markets amid geopolitical tensions in the Middle East.
Mon, Oct 03, 2022
Rupee vs Dollar Today: Brent crude futures, the global oil benchmark, surged 2.77 per cent to USD 87.50 per barrel.
Fri, Sep 30, 2022
Motilal Oswal's Amit Sajeja said that there will be consolidation in the near term and by the end of this year, Rupee could test levels of 83.20 against the Dollar
Thu, Sep 29, 2022
The Indian rupee depreciated by 2.4 per cent last week, making it one of the worst performing emerging market currencies, a report said on Thursday.
On Wednesday, rupee hit a fresh record low as it breached the 82-mark for the first time
Wed, Sep 28, 2022
Stock Market Today 28th Sep 2022: Market Expert Siddharth Sedani that correction is a buying opportunity in good stocks and investors can buy in a staggered manner. He said that RBI commentary and road map on economy will be crucial. Buy on dips, he said
Tue, Sep 27, 2022
RBI Monetary Policy: The all important Reserve Bank of India Monetary Policy Committee meeting begins tomorrow. The three-day meeting will be followed by the announcements by Governor Shaktikanta Das on Friday. The Central Bank is expected to increase rates by 50 bps
“A REEL on ₹ depreciation. See chart below. where ALL currencies have depreciated more year-to-date against the USD than ₹. While ₹ has depreciated 8% year-to-date, $ index has appreciated 18.8% over the same period,” the Subramanian tweeted
On Monday, the rupee plunged 58 paise to close at an all-time low of 81.67 against the dollar.
Mon, Sep 26, 2022
Rupee Vs Dollar: Rupee has dropped nearly 10 per cent in 2022 against the US Dollar. Since the announcement of the interest rate hike by the US Federal Reserve, it has seen a sharp decline against the green back. On Monday, the INR ended at a record low against the US dollar for the third straight session on Monday
Escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said.
Rupee Explainer: Hitting yet another low, the Indian rupee fell by 46 paise to 81.55 in early trade on Monday.
The pressure on the domestic currency, which is mainly due to repeated hikes in interest rate by the US Fed, is likely to continue with rise in trade deficit and gradual withdrawal of funds by institutional investors.
Sun, Sep 25, 2022
FM also asked a reporter to do a study on how the other currencies are behaving against the US dollar in the latest round of depreciation.
Thu, Sep 22, 2022
Today the Indian Rupee closed at 80.86 against the Dollar. Whereas, the Dollar Index reached its highest level at 111.80. The Yen tumbled to the lower 144 range and hit a new 24-year low against the U.S. Dollar. Experts say that, "The rupee is likely to continue depreciating further. Rupee may fall further to 81 or 81.50. After US Fed, RBI will also increase interest rates. Why Rupee declined? What will happen next in Rupee? Watch India 30 to know the opinion of Global Market Expert Ajay Bagga.
Rupee hits record low against dollar. The price of the dollar has crossed ₹80.85. In this year, the rupee fell by 7.5% and the dollar index jumped 17%.
At the interbank foreign exchange market at 12.30 p.m., rupee was trading at 80.71 against the dollar, which was sharply lower than its previous close
Rupee Vs Dollar: Expert Anuj Gupta of IIFL Securities has recommended a buy strategy on 28 September USDINR Futures on NSE. Buy USDINR at 80 with as stop loss of 79.40 and price target of 80.80
On Wednesday, the rupee declined 22 paise to close at 79.96 against the dollar.
Wed, Sep 21, 2022
Most of the analysts estimated that the domestic currency may move beyond the 80-mark post the US Fed decision, which is scheduled on September 21, 2022.
Fri, Sep 16, 2022
Zee Business Top Picks 16th Sep'22: From SEBI's new guidelines on settlement of running account for brokers to Prime Minister Narendra Modi in SCO Summit to Rupee fairing against the US Dollar, here is a list of top stories that featured on zeebiz.com. Take a look to know more
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