Tag Archives: Rupee

MUMBAI: The rupee bucked the trend among Asian peers on Friday, slipping to a record low even as most emerging market currencies strengthened against the dollar. It closed at 88.27 after touching an intra-day low of 88.36, weaker than Thursday’s close of 88.15.The fall came amid concerns over US tariffs, while intervention by Reserve Bank of India through state-run banks …

The rupee opened on a weak note at 85.69 on Wednesday and slipped further by 25 paise to hit 85.86 against the US dollar during early trading hours. The fall follows a 22 paise drop on Tuesday, when the domestic currency settled at 85.61. Currency traders attributed the rupee’s decline to ongoing outflows of foreign funds. On Tuesday, Foreign Institutional …

The rupee experienced its strongest weekly gain in a month, closing at 85.37 against the dollar, driven by increased foreign portfolio inflows into Indian equities. A persistently weak dollar and bullish sentiment towards emerging Asian currencies, including the rupee, further contributed to the currency’s rise. Markets were closed on Friday for Good Friday. MUMBAI: The rupee rose on Thursday to …

MUMBAI: The rupee closed at 86.95 against the US dollar on Tuesday, slipping 8 paise as demand for dollars linked to maturing non-deliverable forward (NDF) contracts and weakness among regional peers weighed on the currency. The benchmark 10-year bond was quoted at Rs.100.7, with the yield at 6.7%, as investors awaited a debt purchase scheduled for later this week.Last week, …

MUMBAI: Rupee hit a record low of 87.28 on Monday, following US President Donald Trump’s announcement of tariffs on imports from major trade partners that has sparked fears of a trade war. It closed at 87.19, down 58 paise from its previous close, marking its largest single-day drop in two weeks.Rupee might have weakened further had RBI not intervened through …