Rupee tasted yet another lifetime low on Friday morning after the US dollar index strengthened to a two-decade high this week, on hopes that demand for safe-haven currency such as the dollar would pick up. This morning, the Rupee opened 25 paise lower from the previous session to touch a […]
Rupee hits a new record low of 77.81 against US dollar
The Indian rupee slumped to a new record low of 77.81 against the US dollar on Thursday on persistent selling by foreign institutional investors in the equities markets amid a surge in crude oil prices and rising inflationary pressure. At the interbank foreign exchange market, the partially convertible rupee slumped […]
Rupee slips 15 paise to 70.84 against USD in early trade
The Indian rupee opened on a cautious note and fell 15 paise to 70.84 against the US dollar in early trade on Wednesday tracking subdued opening in domestic equities. However, weakening of the US dollar vis-a-vis other currencies overseas and easing crude oil prices supported the domestic unit and restricted […]
Rupee opens on a flat note at 71.06 against US dollar
The Indian rupee on Friday opened on a flat note at 71.06 against the US dollar, tracking volatility in domestic equities and unabated foreign fund outflows. At the interbank foreign exchange, the rupee opened at 71.06, showing a decline of 4 paise over its previous closing. The Indian rupee on […]