Thu, Oct 10, 2024
Currency Market Update: Rupee depreciated 2 paise to close at 83.98 against the US dollar on Thursday amid sustained foreign fund outflows and elevated crude oil prices. However, a marginal decline in the value of the greenback against overseas currencies, and rise in the domestic equity market supported the local unit and prevented further slide in the domestic unit, forex traders said.
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Wed, Sep 18, 2024
The foreign exchange (forex) market is set to resume trading on Thursday after a holiday on September 18.
Tue, Aug 27, 2024
Rupee vs Dollar: The rupee depreciated by 5 paise to close at 83.92 (provisional) against the American currency on Tuesday, on overnight jump in crude oil prices and a surge in commodity prices.
Fri, Aug 23, 2024
At the interbank foreign exchange market, the local unit opened at 83.93 and then gained ground and touched 83.88, registering a rise of 5 paise from its previous close.
Tue, Jul 30, 2024
Currency Market Update: The rupee appreciated 1 paisa to close at 83.72 (provisional) against the US dollar on Tuesday amid a positive trend in domestic markets ahead of the US Fed policy announcement.
Fri, May 24, 2024
Currency Market Update: The rupee gained by 19 paise, or 0.2 per cent, to end at 83.10 against the US dollar on Friday.
Wed, Mar 20, 2024
Currency Market Update: The rupee declined 13 paise to close at 83.16 (provisional) against the US dollar on Wednesday, weighed down by a strong American currency against major rivals overseas and elevated crude oil prices.
Thu, Feb 29, 2024
Currency Market Update: The rupee settled flat at 82.91 (provisional) against the US dollar, as the support from lower crude oil prices and a weak greenback against major crosses overseas was offset by sustained foreign capital outflows.
Wed, Feb 21, 2024
Currency Market Update: At the interbank foreign exchange, the rupee began the day at 82.90 against the dollar and fell to as low as 82.97 during the session before settling at at 82.96 (provisional) against the greenback for the day. The currency hit an intra-day high of 82.86.
Fri, Feb 09, 2024
Currency market update: The rupee depreciated by 7 paise to 83.03 (provisional) against the US dollar on Friday, tracking a strong American currency and elevated crude oil prices in the international market.
Wed, Dec 27, 2023
Currency market update: Due to the sustained outflow of foreign funds and increased demand for American currency from importers and banks, the local unit depreciated by sixteen paise for the day from its previous close.
Thu, Nov 30, 2023
Currency market update: The domestic currency declined seven paise for the day from its previous close after moving within a range of 83.29 - 83.41 throughout the session.
Tue, Nov 28, 2023
Currency market update: The domestic currency gained by 6 paise for the day from its previous close after moving within a range of 83.32 to 83.39 throughout the session amid positive sentiment in the equity markets.
Tue, Apr 25, 2023
US Fed policymakers are widely expected to raise rates by another 25 bps at next week's meeting, but they are seen pausing in June. The rate futures market has also factored in roughly 50 bps of rate cuts by the end of the year.
Thu, Apr 20, 2023
The dollar index, which tracks the currency against a basket of its peers, was up 0.206% as markets turn more skeptical that the Federal Reserve will cut rates later this year.
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.
Tue, Sep 27, 2022
On Monday, the rupee plunged 58 paise to close at an all-time low of 81.67 against the dollar.
Mon, Sep 26, 2022
What is the effect of weak Rupee? How will the falling rupee affect your pocket? Watch Zee Business special show - 'Rupee Ki Pathshala' with Anil Singhvi.
Thu, Sep 22, 2022
On Wednesday, the rupee declined 22 paise to close at 79.96 against the dollar.
Sun, Jul 24, 2022
According to Nomura, the rupee may see 82 level during the July-September quarter due to multiple headwinds including weakening India BoP dynamics and Fed hikes during the year.
Wed, Apr 13, 2022
The rupee declined 3 paise to close at 76.18 (provisional) against the US dollar on Wednesday, tracking the strength of the greenback in the overseas market and weak domestic macroeconomic data.
Tue, Nov 30, 2021
Oil prices slid and global stock benchmarks fell Tuesday after a warning from drugmaker Moderna that existing vaccines are unlikely to be effective against the new coronavirus variant pushed investors into safe havens such as Treasury bonds and the yen.
Mon, Nov 29, 2021
The rupee on Monday dived 18 paise to close at a five-week low of 75.07 against the US dollar as fresh worries over new coronavirus variant weighed on already weak investor sentiment.
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