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The rupee plunged by 82 paise, or nearly 1 per cent, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a sharp rise in global crude oil prices amid mounting geopolitical tensions, PTI reported.Forex traders said the domestic currency remained under…
The rupee fell to a record low of 93.12 against the US dollar on Friday, pressured by rising global uncertainty and higher crude oil prices amid the ongoing Iran war.The domestic currency declined 0.55% to breach its previous low of 92.63 recorded yesterday, extending losses to nearly 2% since tensions in the Middle East escalated….
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…
NEW DELHI: Precious metal prices declined up to 4% on Friday, with silver tumbling to Rs 2.7 lakh per kg and gold sliding to Rs 1.6 lakh per 10 grams amid a strong US dollar and uncertainty over global monetary policy. According to the All India Sarafa Association, the white metal slumped by Rs 11,000,…
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…
MUMBAI: The rupee fell 23 paise to close at 92.04 against the US dollar on Wednesday, down 0.2%, as volatile oil prices and a sharp fall in domestic equities weighed on the currency. Intermittent dollar sales by state run banks on behalf of RBI limited the losses.Oil prices firmed above $90 per barrel after the…
he US Dollar stands to gain on surging oil prices as the US is energy dependent. (AI image) Gold price prediction today: Gold prices are competing with the strength in dollar amidst the Middle East crisis, says Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan:Gold Performance: In the week ending…
MUMBAI: The rupee fell to a record low on Monday and closed at 92.33, down 58 paise from Friday’s close of 91.75, as escalating conflict in West Asia pushed crude oil prices to around $119 a barrel and triggered foreign capital outflows from oil-importing markets seeking safer assets. The currency touched a record low of…
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…
