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Rupee opened the week in green, recovering sharply in early trade after regulatory intervention aimed at curbing banks’ currency exposure. The currency climbed to 93.57 against the US dollar, on Monday, gaining 128 paise from its previous close, after opening at 93.62 in the interbank foreign exchange market. This comes days after the currency had…
US Dollar bill bearing Trump’s signature (AI-generated image) US President Donald Trump‘s administration has once again stirred controversy, this time with a proposal to include his signature on American paper currency ahead of the country’s 250th anniversary.The US Treasury Department announced on Thursday that future US dollar notes will carry Trump’s signature alongside that of…
Rupee on Wednesday took another fall towards the 94 per US dollar mark, tumbling 20 paise in early trade to reach 93.96 against the greenback. This follows a weak run for the currency this month. Earlier on Tuesday, the currency had already slipped by 23 paise to settle at 93.76, pressured by a stronger US…
The ongoing crisis in the Middle East continues to rattle financial markets worldwide, sending shockwaves to oil baskets, stock markets and currencies. Rupee is no stranger to the impact! Over the past one year, the currency has continuously slipped to its record lows, first hitting 90 and then eventually beyond the 93 per US dollar…
Rupee began the week on a red note, tumbling to its record low in early trade. The currency dropped 33 paise to hit a record low of 93.86 against the US dollar, slipping past its previous trough of 93.7350 recorded on Friday. The fall comes as boiling tensions in the Middle East have fueled fears…
The rupee weakened by 10 paise to settle at a fresh record low of Rs 92.40 (provisional) against the US dollar on Monday amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties, PTI reported.The local currency, however, resisted a sharper fall as domestic equity markets staged a significant recovery…
India’s foreign exchange reserves declined sharply in the week ended March 6, reversing the previous week’s surge that had taken the country’s forex stockpile to a record high.Data released by the Reserve Bank of India on Friday showed the reserves dropped by $11.683 billion to $716.810 billion, reported PTI. In the preceding reporting week, the…
Rupee hit an intra-day low of 92.37 against the US dollar, tumbling 12 paise in early trading on Friday. The currency was dragged down by rising global crude prices and weak domestic market sentiment amid the ongoing conflict in West Asia. At the interbank foreign exchange market, the currency opened at 92.33 per dollar before…
The rupee slumped to a record closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session amid a sharp spike in global crude oil prices and a strengthening US currency as tensions escalated in the Middle East, reported new agency PTI.Forex traders said heavy foreign fund outflows and…
Rupee came under sharp pressure in early trade on Monday, slipping close to its record intra-day low as surging crude oil prices and a stronger US dollar weighed on the domestic currency amid escalating tensions in the Middle East. The slide in the rupee followed a sharp spike in global oil prices. Brent crude, the…
