At the interbank foreign exchange, the domestic unit opened at 82.74 against the dollar, then gained ground to touch 82.73, registering a rise of 7 paise over its previous close.
At the interbank foreign exchange, the domestic unit opened at 81.45 against the dollar, then touched 81.30, registering a gain of 37 paise over its previous close
Forex traders said the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off moods and firm crude oil prices weighed on the local unit
Fresh weakness in rupee came after dollar strengthened against all the major currencies of the world after inflation in United Kingdom accelerated to a 40-year high
Forex traders said escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite
At the interbank foreign exchange, the rupee opened at 79.15 against the American dollar, then touched 78.94, registering a gain of 46 paise over the last close
The local unit could track the weakness of the Asian and emerging market peers, Iyer said, adding that a delay in local bonds' inclusion for listing on a major global index this year could also cap gains
Besides, a weak greenback overseas against key rivals supported the local unit
However, higher oil prices, month-end importer demand and global recession fears could restrict the gains for the local unit, forex traders said
Rupee plunged to an all-time earlier this month and RBI announced a host of measures to arrest the rupee fall which include allowing banks to raise money...
At the interbank foreign exchange, the rupee opened at 79.83 against the US dollar, then fell to 79.88 against the greenback, registering a decline of 10 paise...
At the interbank foreign exchange, the rupee opened at 79.73 against the dollar and moved in a narrow range. It touched an early low of 79.79 in initial deals
During the session, the local unit witnessed an intra-day high of 79.70 and a low of 79.87 against the American currency
At the interbank foreign exchange, the rupee opened at 79.86 against the American dollar. In initial trade, the local currency witnessed a high of 79.81 and a...
At the interbank foreign exchange, the rupee opened at 79.90 against the US dollar, then fell to 79.92 against the greenback, registering a decline of 7 paise...
Forex traders said the rupee is hovering around 80 level as the overall gains in crude prices in the last few days, wherein Brent has risen above $106 per...
The rupee traded in a range of 79.89 to 80.05 in the day trade. It finally settled at the day's low level of 80.05, showing a loss of 13 paise over the...
The rupee for the first time touched a low level of 80 against the US dollar in intra-day spot trading at the interbank foreign exchange market on Monday
At the interbank foreign exchange, the rupee opened at 80 against the American dollar, then lost ground to quote at 80.05, registering a fall of 7 paise from...
The rupee recovered 8 paise to settle at 79.91 (provisional) against the US currency on Friday, tracking heavy buying in domestic equities and weakness in the...
The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a...
While wholesale inflation remained double-digit for 15 straight months to June, expected deterioration in the country's current account deficit and forex...
At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 paise...
The sharp revision is due to depreciation of rupee against dollar following outflow of capital caused by various external factors, including the hardening of...
There are several factors behind the free fall of the Indian currency and the government had earlier said that it is monitoring the situation closely
