Fri, Aug 30, 2024
Rupee appreciated 7 paise to 83.82 against the US dollar in morning trade on Friday, supported by significant foreign fund inflows and a positive trend in domestic equities.Forex traders said a rise in global risk sentiments supported the rupee, while recovery in the US dollar and month-end dollar demand from importers and oil marketing companies (OMCs) weighed on investor sentiments.At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close.
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Thu, Aug 22, 2024
Why is the rupee not able to recover? No support even from fall in dollar index. What is the reason for the fall in rupee?
Wed, Aug 07, 2024
On Wednesday, the Indian rupee closed lower by 4 paise at 83.96 against the US dollar, impacted by a stronger greenback and Middle East tensions. Despite this, domestic market strength and rising crude oil prices provided some support. The rupee traded within a narrow range, while global equities and anticipated RBI policy decisions could influence future movements. The dollar index rose, and Brent crude saw a 1.22% increase
Fri, Sep 30, 2022
The fourth straight rate hike comes amid growing concerns about a global recession, increasing inflation, and a fall in the Indian rupee.
What is special about RBI Governor's commentary? How much interest rates will increase further? What is the outlook on inflation? What is the concern about wheat? Will the Indian rupee fall further? Know the opinion of Atul Joshi, Oyster capital on RBI's monetary policy.
The movement of the Indian Rupee (INR) has been orderly compared to most other countries and faring much better than several reserve currencies as well as many of its emerging market economies and Asian peers, Das said.
How is the position of Rupee against Dollar Index? How is the condition of the currency market? Why is the position of the rupee better than the currency of other countries? Know from RBI Governor in this video.
Thu, Sep 29, 2022
There has been a strong rise in pharma stocks since the past days. Weak rupee supported drug exports. Diagnostics shares have also risen along with Pharma. Know full details from Nupur.
Wed, Sep 28, 2022
On Sep 28, the rupee plunged 37 paise to close at an all-time low of 81.90 (provisional) against the US dollar. So far in the calendar year 2022, the Indian rupee has lost about 9% of its value against the greenback.
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.
Rupee Explainer: Hitting yet another low, the Indian rupee fell by 46 paise to 81.55 in early trade on Monday.
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.
Fri, Sep 23, 2022
The rupee is under pressure after the US Federal Reserve hiked benchmark interest rates by 75bps on Wednesday.
Strong dollar put pressure on rupee. The Indian rupee weakened to a fresh record low against the U.S. dollar. How will be the movement of the rupee? What Lakshmi Iyer, CIO (DEBT) and Head - Products, Kotak AMC said on the Rupee Fall? Watch in this video.
Rupee declined by more than 80 paise in 1 day. Why did the rupee depreciate? What will RBI do to stop the fall of rupee? Must watch this video of Anil Singhvi.
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%.
The Indian rupee plunged to its all-time low against the US dollar and traded at a record low of 80.67. FED has indicated to increase rates even further. Know full details from Neha Anand.
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.
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.
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