Wed, Jan 17, 2024
Currency market update: Amid massive selling in domestic equity markets and a strong greenback overseas, the local currency registered a slip of 1 paisa for the day from its previous close.
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Tue, Jan 16, 2024
Currency market update: At the interbank foreign exchange, the rupee began the day at 82.95 against the dollar and fell to as low as 83.12 during the session and settled against the greenback for the day.
Thu, Jan 11, 2024
Currency market Update: The rupee settled on a flat note with a loss of just 1 paisa at 83.04 (provisional) against the dollar on Thursday on the back of strengthening American currency and sharp rise in crude oil prices.
Mon, Sep 26, 2022
Escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said.
Rupee Explainer: Hitting yet another low, the Indian rupee fell by 46 paise to 81.55 in early trade on Monday.
The pressure on the domestic currency, which is mainly due to repeated hikes in interest rate by the US Fed, is likely to continue with rise in trade deficit and gradual withdrawal of funds by institutional investors.
Sun, Sep 25, 2022
FM also asked a reporter to do a study on how the other currencies are behaving against the US dollar in the latest round of depreciation.
Thu, Sep 22, 2022
Today the Indian Rupee closed at 80.86 against the Dollar. Whereas, the Dollar Index reached its highest level at 111.80. The Yen tumbled to the lower 144 range and hit a new 24-year low against the U.S. Dollar. Experts say that, "The rupee is likely to continue depreciating further. Rupee may fall further to 81 or 81.50. After US Fed, RBI will also increase interest rates. Why Rupee declined? What will happen next in Rupee? Watch India 30 to know the opinion of Global Market Expert Ajay Bagga.
Rupee hits record low against dollar. The price of the dollar has crossed ₹80.85. In this year, the rupee fell by 7.5% and the dollar index jumped 17%.
At the interbank foreign exchange market at 12.30 p.m., rupee was trading at 80.71 against the dollar, which was sharply lower than its previous close
Rupee Vs Dollar: Expert Anuj Gupta of IIFL Securities has recommended a buy strategy on 28 September USDINR Futures on NSE. Buy USDINR at 80 with as stop loss of 79.40 and price target of 80.80
On Wednesday, the rupee declined 22 paise to close at 79.96 against the dollar.
Wed, Sep 21, 2022
Most of the analysts estimated that the domestic currency may move beyond the 80-mark post the US Fed decision, which is scheduled on September 21, 2022.
Fri, Sep 16, 2022
Zee Business Top Picks 16th Sep'22: From SEBI's new guidelines on settlement of running account for brokers to Prime Minister Narendra Modi in SCO Summit to Rupee fairing against the US Dollar, here is a list of top stories that featured on zeebiz.com. Take a look to know more
Wed, Sep 14, 2022
At the interbank foreign exchange market, the rupee opened at 79.58 against the greenback, then fell to 79.60, registering a decline of 43 paise over its last close. In initial deals, the local unit also touched 79.54 against the dollar.
Tue, Sep 13, 2022
Rupee opened at 79.30 against the greenback and witnessed an intra-day high of 79.03 and a low of 79.33 during the session, eventually to end at 79.17, up 36 paise from its previous close of 79.53 today.
Thu, Sep 01, 2022
Zee Business Managing Editor said that the domestic markets opened today with weakness taking cues from the US markets which have been on a falling spree for over four trading sessions. There were no signs of relief from anywhere, he said
Mon, Aug 29, 2022
Rupee outook: After slipping by 26 paise against the US dollar in early trade, the rupee further depreciated and opened 31 paise lower to an all-time low of Rs 80.15 on Monday
Tue, Aug 23, 2022
Moreover, worries about inflation could also keep the local unit under pressure. However, the presence of the Reserve Bank of India (RBI) could cap losses in the domestic unit.
Fri, Jul 29, 2022
Rupee strengthens against dollar. The price of one dollar reached below 79.40. Rupee touches 3-week high. What is the reason for recovery in rupee? Will the rupee strengthen further? Watch Commodity Superfast to know the expert's opinion.
Thu, Jul 28, 2022
Upside potential for demand can come from expectations of a normal monsoon, higher inflation and the possibility for range-bound prices, Somasundaram PR, WGC Regional CEO, India, told PTI.
Sun, Jul 24, 2022
According to Nomura, the rupee may see 82 level during the July-September quarter due to multiple headwinds including weakening India BoP dynamics and Fed hikes during the year.
Thu, Jul 21, 2022
India rupee has weakened significantly in the last one year, especially post Russia-Ukraine war.
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