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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…
Rupee made a comback in the green territory on Thursday as it recovered 51 paise to trade at 91.54 against the US dollar in early trade, after slumping to record low a day earlier. The domestic currency had plunged 56 paise on Wednesday to settle at an all-time low of 92.05 against the dollar, dragged…
Rupee tumbled 66 paise on Wednesday, sliding to a record low of 92.15 against the US dollar amid surging oil prices and a pullback from riskier assets. Analysts caution that the currency could remain under strain until tensions in the Middle East subside. The ongoing war in the Middle East has sent shockwaves through global…
Rupee slipped past the 91 mark against the US dollar on Monday, tumbling to 91.32, as escalating tensions in the Middle East and heightened volatility in global markets unsettled investors. Forex traders said that the currency came under added pressure from negative equity market sentiment and significant foreign fund outflows. Rupee opened at 91.23 and…
Patna: An NIA team arrested Noor Mohammed, a Nepal national from Bara district, who had been absconding since 2014 in connection with a major fake Indian currency notes (FICN) racket. The arrest was made on Sunday in the Shahpur Patori area of Samastipur district.He was wanted under a non-bailable warrant in a case registered by…
Mumbai: Foreign exchange reserves rose by $8.66 billion to a record $725.73 billion in the week ended Feb 13, reflecting valuation gains in gold and non-dollar foreign currency assets amid global market volatility and a softer US dollar.Gold reserves rose by $4.99 billion to $128.47 billion following a surge in international gold prices. The increase…
Rupee opened weak on Wednesday, falling 6 paise to 90.62 against the US dollar amid ongoing geopolitical worries and steady demand for the greenback from importers.Trading at the interbank foreign exchange market began with the rupee at 90.56 per dollar. As the session progressed, the local unit weakened to 90.62, lower than its previous finish….
Rupee opened weaker on Tuesday, falling 11 paise to 90.77 against the US dollar in early trade. The currency continued in red as traders opted a cautious stance after the announcement of the interim trade framework between New Delhi and Washington. At the interbank forex market, the currency at was at 90.63 levels against the…
Rupee edged up in early trade on Monday, rising 21 paise from its previous close to 90.44 against the US dollar. The upward momentum comes as upbeat global cues and optimism surrounding the newly announced India–US trade framework helped the domestic unit recover initial losses.The currency had opened weaker at 90.66 in the interbank market…
NEW DELHI: PM Narendra Modi said on Saturday that the interim trade agreement with the US is yet more evidence of the international community’s growing trust in India and said the series of recent trade deals marks country’s transformation from just a huge market to a hub of investment and trade. While addressing a community…
