Thu, Nov 21, 2024
Rupee Vs Dollar: The rupee hit a record low against the US dollar in the second half of trading. The domestic currency opened at 84.42 against the US dollar and later plunged to a record low of 84.46 per dollar, marking a significant decline.
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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.
Mon, Oct 07, 2024
At the interbank foreign exchange, the rupee opened at 83.96 against the US dollar and touched an intra-day high of 83.95 and a low of 83.99.
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
Wed, Sep 14, 2022
At the interbank foreign exchange market, the rupee opened at 79.58 against the greenback, then fell to 79.60, registering a decline of 43 paise over its last close. In initial deals, the local unit also touched 79.54 against the dollar.
Tue, Sep 13, 2022
Rupee opened at 79.30 against the greenback and witnessed an intra-day high of 79.03 and a low of 79.33 during the session, eventually to end at 79.17, up 36 paise from its previous close of 79.53 today.
Thu, Sep 01, 2022
Zee Business Managing Editor said that the domestic markets opened today with weakness taking cues from the US markets which have been on a falling spree for over four trading sessions. There were no signs of relief from anywhere, he said
Mon, Aug 29, 2022
Rupee outook: After slipping by 26 paise against the US dollar in early trade, the rupee further depreciated and opened 31 paise lower to an all-time low of Rs 80.15 on Monday
Tue, Aug 23, 2022
Moreover, worries about inflation could also keep the local unit under pressure. However, the presence of the Reserve Bank of India (RBI) could cap losses in the domestic unit.
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