Tag Archives: forex market

The Indian rupee appreciated by 9 paise to settle at 85.57 against the US dollar on Monday, buoyed by strong foreign institutional investor (FII) inflows. Further gains were capped by rising global crude oil prices, a stronger US dollar, and mixed cues from domestic equities, forex traders said.At the interbank foreign exchange, the local currency opened at 85.62, hit an …

The Indian rupee broke a three-day losing streak on Friday, appreciating by 50 paise to settle at Rs 85.45 against the US dollar, buoyed by a sharp decline in the dollar index and strong performance in domestic equities.A rise in global risk appetite also supported the local currency, despite lingering pressure from crude oil prices and foreign fund outflows.The rupee, …

The Indian rupee declined by 22 paise to close at 85.54 against the US dollar on Thursday, pressured by strong demand for the greenback from importers and continued foreign fund outflows. However, gains in domestic equities and a fall in crude oil prices helped limit the currency’s losses, according to forex traders.At the interbank foreign exchange market, the rupee opened …

MUMBAI: Central bank intervention may have helped the rupee strengthen by 71 paise on Tuesday – its biggest single session gain in over two years – to close below the 87-to-the-dollar mark for the first time since February 3. After sliding for days, RBI reportedly intervened in the forex market late on Monday and also through the day on Tuesday. …