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Rupee vs Dollar: Domestic Currency hits record low against US Dollar in afternoon trade

Rupee vs Dollar: Domestic Currency hits record low against US Dollar in afternoon trade

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.

Rupee gains 1 paisa to 84.06 against US dollar in early trade

Rupee gains 1 paisa to 84.06 against US dollar in early trade

Mon, Oct 21, 2024

The rupee showed a recovery from its lower level and gained marginally by 1 paisa to 84.06 against the US dollar in early trade on Monday, tracking positive cues from domestic equity markets and a soft American currency.

Currency Market News, October 17: Rupee trades in narrow range vs dollar

Currency Market News, October 17: Rupee trades in narrow range vs dollar

Thu, Oct 17, 2024

The rupee opened at 84.01 against the greenback at the interbank foreign exchange.

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RBI rolls out new SAARC currency swap framework for 2024 to 2027

RBI rolls out new SAARC currency swap framework for 2024 to 2027

Thu, Jun 27, 2024

Under this Framework, the Reserve Bank of India would enter bilateral swap agreements with the central banks of SAARC countries, who want to avail of the swap facility.

Currency Market Update: Rupee rises by 13 paise to close at 83.44 vs dollar

Currency Market Update: Rupee rises by 13 paise to close at 83.44 vs dollar

Thu, Jun 27, 2024

Forex traders said the strength of the American currency in the overseas market and US dollar demand from oil marketing companies capped sharp gains for the local unit.

Rupee appreciates by 8 Paise to 83.49 against Dollar in early trade

Rupee appreciates by 8 Paise to 83.49 against Dollar in early trade

Thu, Jun 27, 2024

The indian Rupee appreciates by 8 paise to 83.49 against the US dollar in early trade, driven by retreating crude oil prices and stable economic fundamentals.

Rupee drops 17 paise to close at 83.60 against US dollar

Rupee drops 17 paise to close at 83.60 against US dollar

Wed, Jun 26, 2024

The rupee fell 17 paise to 83.60 against the US dollar due to strong overseas currency and high crude oil prices, despite support from rising domestic equities.

Rupee rises 11 paise to close at 83.46 against US dollar

Rupee rises 11 paise to close at 83.46 against US dollar

Mon, Jun 24, 2024

At the interbank foreign exchange market, the local unit opened at 83.52 and hit the intraday high of 83.44 against the greenback during the session.

Rupee plunges 17 paise to settle at over two-month low of 83.61 against US dollar

Rupee plunges 17 paise to settle at over two-month low of 83.61 against US dollar

Thu, Jun 20, 2024

According to forex traders, inflow of foreign capital and positive momentum in domestic equity markets failed to support the local unit which gave in to the pressure due to a firm American currency against major rivals overseas.

Rupee Vs Dollar: Domestic currency falls 9 paise to close at 83.59 against American dollar

Rupee Vs Dollar: Domestic currency falls 9 paise to close at 83.59 against American dollar

Tue, Jun 11, 2024

The rupee settled for the day lower by 9 paise at 83.59 against the US dollar on Tuesday, weighed down by a muted trend in domestic equities and the strength of the American currency in overseas markets.

Rupee falls 5 paise to 83.49 against US dollar

Rupee falls 5 paise to 83.49 against US dollar

Thu, Jun 06, 2024

Forex traders said a weak American currency and firm trend in the equity markets supported the local currency even as investors remained concerned ahead of the RBI's monetary policy decision to be announced on Friday.

Rupee surges 38 paise to 83.04 against US dollar in early trade

Rupee surges 38 paise to 83.04 against US dollar in early trade

Mon, Jun 03, 2024

At the interbank foreign exchange market, the local unit opened at 83.09 and gained further to trade at 83.04 against the greenback in initial deals, registering an increase of 38 paise from its previous close. The rupee had breached the 83.00 level on March 18 this year.

Dollar drifts as traders eye US inflation data; frail yen in focus

Dollar drifts as traders eye US inflation data; frail yen in focus

Tue, May 14, 2024

US dollar rate index news: The dollar was steady on Tuesday as investors awaited an inflation report this week that will likely shape the U.S. rates outlook, while the yen was hovering near a two-week low, stoking intervention worries.

Currency market calm as US inflation data holds focus this week

Currency market calm as US inflation data holds focus this week

Mon, May 13, 2024

Major currencies were steady on Monday with the dollar consolidating against peers, as market participants awaited US inflation data to assess the prospects of interest rate cuts this year.

Dollar nurses losses after another set of soft jobs data

Dollar nurses losses after another set of soft jobs data

Fri, May 10, 2024

US dollar rate index news: The US dollar had a soft tone in early Asian trading on Friday after losing ground overnight to the euro and sterling on the back of US data showing further signs of a cooling labour market and hence higher odds of Fed rate cuts this year.

Dollar holds its ground as key inflation data looms

Dollar holds its ground as key inflation data looms

Thu, May 09, 2024

US dollar rate index news: The dollar held tight ranges against most peers on Thursday as traders awaited key US inflation data for cues on Federal Reserve policy, while the focus on the massive interest rate gap between Japan and the US helped it make some gains on the yen.

Dollar regains momentum as yen struggles

Dollar regains momentum as yen struggles

Wed, May 08, 2024

US dollar rate index news: The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept intervention risks from Tokyo high.

Yen eases despite intervention threat, Aussie steady before RBA

Yen eases despite intervention threat, Aussie steady before RBA

Tue, May 07, 2024

The yen continued to drift lower against the dollar on Tuesday as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week.

Yen clings to sharp gains after suspected intervention, Fed in focus

Yen clings to sharp gains after suspected intervention, Fed in focus

Tue, Apr 30, 2024

The yen held its line against the dollar on Tuesday after making sharp gains the previous day in moves that traders said were sparked by suspected intervention by Japanese authorities.

Dollar a tad softer as markets wait for Fed

Dollar a tad softer as markets wait for Fed

Mon, Apr 29, 2024

US dollar rate index news: The US dollar was a shade softer in early deals on Monday, thinned by a holiday in Japan, though the yen, euro and sterling stayed near the bottom of the ranges hit during Friday's volatile session.

Dollar shaky after euro rebound; yen mired at 34-year low

Dollar shaky after euro rebound; yen mired at 34-year low

Wed, Apr 24, 2024

US dollar rate index news: The dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling, hurt by a combination of surprisingly robust European activity data and cooling U.S. business growth.

Firm dollar drags yen down closer to intervention range

Firm dollar drags yen down closer to intervention range

Tue, Apr 23, 2024

US dollar rate index news: A firm US dollar had the yen locked near a fresh 34-year low on Tuesday, keeping investors on heightened intervention watch as they looked ahead to key US inflation report and the Bank of Japan's rate decision this week.

Surging dollar set for weekly gain as US data, Fed push back on rate cuts

Surging dollar set for weekly gain as US data, Fed push back on rate cuts

Fri, Apr 19, 2024

US dollar rate index news: The resurgent dollar headed towards a second straight week of gains on Friday as a hotter-than-expected US economy has pushed back investors' and policymakers' expectations of the trajectory of Federal Reserve rate cuts this year.

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