April 09, 2025 2:15 pm
At the interbank foreign exchange, the rupee opened at 86.52 and hit the low of 86.60 before strengthening a tad to 86.56 against the greenback in early deals, still sharply lower by 30 paise from the previous closing level.
February 26, 2025 10:35 pm
With continued capital outflows and rising crude prices, rupee weakness is likely to persist despite intervention by the RBI
February 09, 2025 12:22 pm
The depreciation of the Indian rupee has a dual impact on the economy, presenting both advantages and disadvantages. On the downside, a weaker rupee increases the cost of imports, particularly crude oil, leading to higher production costs and inflationary pressures.
January 19, 2025 10:24 pm
Since December 10, rupee has depreciated 2.12% against US dollar to touch 86.62
January 18, 2025 6:26 pm
Bessent’s statements at the hearing, during which he spoke on a range of issues, constituted a comprehensive presentation of the incoming administration’s plans for the US economy.
January 16, 2025 3:57 am
The local currency closed at 86.36 against the greenback, witnessing the biggest single-day gain since June 3, 2024, compared to the previous close of 86.64, a lifetime low. The rupee touched a high 86.30 during intraday trades on Wednesday.
August 06, 2024 10:56 pm
The dollar index was up 0.2% at 103.1, while most Asian currencies weakened, led by the Malaysian ringgit's over 1% drop.
August 06, 2024 11:46 am
Rupee recovers: On Monday, the rupee slumped 37 paise to settle at an all-time low of 84.09 against the US dollar.
July 23, 2024 4:31 pm
Brent crude futures, the global oil benchmark, were trading higher by 0.24 per cent at USD 82.60 per barrel.
June 12, 2024 7:26 am
Forex market participants said that the pressure on rupee is on account of strong dollar against major currencies and as the market is getting a bit nervous going into the Fed meeting.