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India’s central bank will allow the rupee to weaken as the country’s external position comes under strain from slowing dollar inflows, widening trade pressures and heavy foreign selling in domestic markets, according to sources cited by news agency Reuters. The Reserve Bank of India (RBI), which had been actively supporting the currency until last month…
The rupee pulled back from its weakest-ever level on Thursday, ending the day at 89.96 against the US dollar, a gain of 19 paise, as a softer dollar index and reports of the Reserve Bank of India’s intervention helped steady the currency. Traders said the US dollar lost ground after ADP non-farm payroll numbers came…
Since April 2, following Trump’s reciprocal tariff announcement, the currency has depreciated by 5.5%. (AI image) The rupee continued its downward journey against the US dollar on Thursday, slumping to a record low of 90.43 in early trade. The Indian rupee crossed the significant 90-level barrier against the US dollar on Wednesday, reaching an intra-day…
The rupee plunged to a historic low on Wednesday, slipping past the 90-per-dollar threshold for the first time amid foreign fund outflows, firm crude oil prices and uncertainty around the India–US trade deal, according to PTI. The lack of visible RBI intervention through most of the session added to market pressure, forex traders said.At the…
RAIPUR: At 23, pacer Harshit Rana has already experienced criticism and heavy social media trolling. He has even been branded as Gautam Gambhir’s blue-eyed boy. Ahead of the third ODI between India and South Africa, Rana, while addressing the media, said he did not care about social media criticism and wanted to focus solely on…
Rupee has extended its downward momentum on Wednesday, falling 9 paise to hit its lowest level of 90.05 against US dollar in early trade. This comes after the currency had already recorded a dip of 42 paise to close at 89.95 against the US dollar, on Tuesday.According to VK Vijayakumar, chief investment strategist at Geojit…
Rupee on Tuesday tumbled 42 paise to close at an all-time low of 89.95 against the US dollar, extending its depreciation streak and edging closer to the crucial 90-per-dollar mark.So far, the rupee has depreciated by over 4% this year, falling 0.8% in November alone.This slump was mainly driven by speculators covering their short positions…
Indian rupee declined by 8 paise to end at 89.53 against the US dollar on Monday, weighed down by heightened demand for the dollar and concerns over the widening trade deficit. Forex traders said limited intervention by the central bank and delays in the India–US trade deal have also contributed to the rupee’s ongoing weakness.At…
Representative image (AI-image) NEW DELHI: The Indian rupee opened at 89.45 against the US dollar on Monday. It traded in a narrow range as gains from strong domestic equities were offset by rising crude oil prices, persistent foreign fund outflows and robust dollar demand from importers.The dollar index, which measures the greenback’s strength against a…
If India’s currency could speak, 2025 would probably be the year it asked for a vacation. A dollar that once cost less than four rupees at independence now buys more than 89, and is flirting with the dreaded 90 mark.“When the rupee slides it does affect the broader economy,” said Economist Arun Kumar, retired professor…
