Indian Rupee closes at 81.53 against US dollar amid heavy selling pressure
NEW DELHI: The rupee appreciated 8 paise to close at 81.53 (provisional) against the US dollar on Friday amid a firm American currency against major rivals overseas. However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said. At the interbank foreign […]
Indian Rupee settles 70 paise lower at 75.59 against US dollar
NEW DELHI: The rupee settled 70 paise lower at 75.59 (provisional) against the US dollar on Monday amid rise in coronavirus cases in the country and weak domestic equities. Forex traders said heavy selling in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown. Moreover, strengthening of the American currency […]
Indian rupee jumps 41 paise to 3-week high of 73.16 against dollar as crude falls
NEW DELHI: The Indian rupee strengthened by 41 paise to close at more than three-week high of 73.16 against the US currency Wednesday as global crude oil prices eased and domestic equity markets staged a smart rebound. Forex dealers said softening crude oil prices supported the rupee’s upward movement. On Tuesday, Saudi Arabia pledged to […]
Indian Rupee recovers 6 paise against US dollar ahead of RBI policy outcome
NEW DELHI: The Indian rupee recovered 6 paise to 73.52 against the US dollar at the forex market on Friday ahead of the RBI’s monetary policy outcome amid fresh selling by exporters as the government stepped in to reduce oil prices. Dealers said besides fresh selling of the US dollar by exporters, the greenback’s weakness […]
Indian Rupee slides 47 paise to close at record low of 72.98 against US dollar
NEW DELHI: The Indian rupee on Tuesday dropped further by 47 paise to close at a historic low of 72.98/99 against the US dollar due to trade war concerns. The pound sterling also ended strong firm at Rs 95.84/86 per pound at the close of the Interbank Foreign Exchange (forex) market here. Following are the […]