Rupee hits record low on strong NDF dollar bids; RBI likely steps in
1 day ago · The rupee declined to 85.3950 to the dollar, eclipsing its previous all-time low of 85.2825 hit on Thursday. The currency was last quoted at 85.39 as of 09:40 a.m. IST.
Rupee slumps to record low, logs worst day in nearly 7 months as …
1 day ago · The Indian rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying by importers.
Wider trade deficit, tepid capital flows push rupee to all-time low
2 days ago · The Indian rupee hit a lifetime low for the seventh straight session on Thursday, adding to its losses in the current quarter on the back of a combination of a wider trade deficit and anaemic ...
Indian Rupee Posts Steepest Single-Day Loss Since February 2023
1 day ago · The rupee dropped 0.6% to a fresh record low of 85.7437 per dollar on Friday, marking its largest single-day loss since February 2023. Concern over the nation’s trade deficit and slower economic ...
Rupee ends at record closing low for 3rd straight session as dollar …
2 days ago · MUMBAI (Reuters) - The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a firm dollar and importers' month-end dollar demand. The rupee ended ...
Rupee falls 23 paise to hit fresh record low of 85.50 against U.S ...
1 day ago · The Rupee fell steepest in almost two years to hit its lifetime intraday low of 85.80 before a suspected Central bank intervention helped recover some of its losses and settled 23 paise lower at a ...
Daily Briefing: Where the rupee stands | Live News - The Indian …
2 days ago · Big Story. Is the rupee weakening or strengthening? Well, both. Let me explain. The rupee has been nosediving against the US dollar each day. However, its real effective exchange rate (REER) index is at an all-time high, per the latest Reserve Bank of India (RBI) data. For context: The REER is the value of the currency compared to a …
Indian Rupee Declines Most Since February 2023 - Bloomberg
1 day ago · Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
The Indian rupee gained ground against the US dollar, rising to 84.6550 ahead of the Reserve Bank of India's (RBI) monetary policy decision. Analysts predict potential easing measures like a CRR reduction, but a surprise rate cut could weaken the rupee further.
Rupee Hits Fresh All-Time Low Of 85.80: Why Is Indian Currency
1 day ago · The rupee plunged 12 paise to its record low closing mark of 85.27 against the dollar on Thursday, after declining 13 paise in the previous two sessions. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading higher by 0.04 per cent at 107.93 amid soaring US Treasury yields with 10 ...