The rupee settled 10 paise higher at 83.77 against the American currency on Tuesday. File | Photo Credit: The Hindu The Indian rupee depreciated by 7 paise to 83.84 against the U.S. dollar in early trade on Wednesday (August 21, 2024), tracking subdued domestic equity market trend and unabated outflow of foreign capital. A weak … Read more
File image. | Photo Credit: Reuters The Indian rupee stayed firm for the second straight session and settled 8 paise higher at 83.79 (provisional) against the U.S. dollar on Tuesday (August 20, 2024), buoyed by positive domestic equity markets, weak American currency and lower crude oil prices. Forex traders said, foreign fund outflow, however, resisted … Read more
On August 1, the Rupee declined five paise to settle at 83.73 against the U.S. dollar. | Photo Credit: The Hindu The Rupee turned flat at 83.73 against the U.S. currency on August 2 amid weak equity markets and an upward movement in crude oil prices overseas. According to forex traders, “the Indian currency found … Read more
Rupee finally settled at 83.50 (provisional), higher by one paisa from its previous close. | Photo Credit: Reuters The Rupee inched up one paisa to settle at 83.50 (provisional) against the U.S. dollar on May 15 as the American currency retreated from its elevated level. However, sustained foreign fund outflows and a weak trend in … Read more
Rupee hit an intra-day high of 83.47 and a low of 83.52 against the greenback. | Photo Credit: The Hindu The Rupee consolidated in a narrow range and settled higher by one paisa at 83.51 against the U.S. dollar on May 7, amid a negative trend in domestic equities and strong dollar demand. Forex traders … Read more
At the interbank foreign exchange market, the local unit opened at 83.29, registering a gain of two paise from its previous close. | Photo Credit: The Hindu The Rupee was trading in a narrow range against the U.S. dollar in early trade on April 24, as the support from positive domestic equities was negated by … Read more
BUSINESSES WANT STABLE CURRENCY For now, some businesses told CNA the weaker rupiah is less of a concern than a stable currency, which would make planning easier. “If the rupiah is weak, for example 16,000 (against US$1), it is not a problem to us as long as it remains 16,000, (not 14,000 tomorrow and 17,000 … Read more
On April 15, the Rupee declined six paise to settle at 83.44 against the U.S. dollar. | Photo Credit: The Hindu The Rupee depreciated nine paise to 83.53 against the U.S. dollar in early trade on April 16, weighed down by a strong American currency and elevated crude oil prices. Forex traders said a negative … Read more
India’s forex reserves had reached an all-time high of $645 billion in October 2021. Gold reserves increase $425 million to $51.14 billion during the week ended March 15, special drawing rights rise $65 million to $18.276 billion India’s foreign exchange (forex) reserves increased $6.396 billion to $642.492 billion for the week ended March 15, according … Read more
IANS Mumbai: India’s foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI on Friday showed. This is the biggest jump in the country’s forex kitty since the week ended July 14, 2023. In the … Read more
