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Rupee falls 10 paise to hit new record low of 85.25 against US dollar in early trade

26Dec

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Business News, Feature

Rupee falls 10 paise to hit new record low of 85.25 against US dollar in early trade

New Delhi, December 26, 2024. The rupee depreciated 10 paise to hit a new all-time low of 85.25 against the US dollar in early trade on Thursday, dragged down by the unabated outflow of foreign capital amid increased month-end demand of the American currency. Positive sentiment in domestic equity markets failed to support the Indian currency as the greenback index remained elevated while crude oil prices were on upward move, forex traders said. At the interbank foreign exchange, the rupee opened weak at 85.23 and slipped further to hit a life-time low of 85.25 against the greenback in initial deals, registering a loss of 10 paise against its previous closing level.

Rupee falls 11 paise to close at all-time low of 83.62 against US dollar

15Jul

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Feature, National News

Rupee falls 11 paise to close at all-time low of 83.62 against US dollar

New Delhi, July 15, 2024. Rupee depreciated 11 paise and settled for the day at an all-time low of 83.62 (provisional) against the US dollar on Monday, weighed down by the overall strength of the American currency in the overseas market. Forex traders said a positive trend in domestic equities, wherein benchmark indices touched all-time high levels and significant foreign fund inflows supported the rupee at lower levels. At the interbank foreign exchange market, the local unit opened at 83.53, but lost ground and finally settled at an all-time low of 83.62 (provisional) against the dollar, 11 paise lower than its previous close.

Rupee settles 4 paise lower against US dollar

16May

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Feature, National News

Rupee settles 4 paise lower against US dollar

Jaipur, May 16, 2024. The rupee stayed range-bound and settled 4 paise lower at 83.50 against the US dollar on Thursday, weighed down by unabated foreign fund outflows amid investors' weak appetite for riskier assets. However, a firm trend in domestic equities supported the local unit and restricted its losses, forex traders said. At the interbank foreign exchange market, the local unit traded in a narrow range. It opened at 83.45 and touched an intraday high of 83.44 and a low of 83.50.

Rupee declines 5 paise to 83.33 against US dollar

26Apr

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Feature, National News

Rupee declines 5 paise to 83.33 against US dollar

New Delhi, April 26, 2024. The rupee depreciated 5 paise to 83.33 against the US dollar in early trade on Friday, tracking a strong greenback overseas and a positive trend in domestic equities. However, elevated crude prices in international markets and unabated foreign capital outflows capped the gains in domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 83.30 against the dollar and then further slipped to 83.33, registering a fall of 5 paise over its previous close.

Rupee falls 6 paise to settle at 83.44 against US dollar

15Apr

By editor3No Comments

Feature, National News

Rupee falls 6 paise to settle at 83.44 against US dollar

Mumbai, April 15, 2024. The rupee declined 6 paise to settle at 83.44 (provisional) against the US dollar on Monday, in line with deep losses in equity markets and an elevated dollar against major rivals overseas amid geopolitical tensions. However, weakening crude oil prices in the international markets and positive domestic macroeconomic data restricted the rupee's fall, forex traders said. At the interbank foreign exchange market, the local unit opened at 83.46 and traded between 83.42 and 83.47 against the greenback. The local unit finally settled at 83.44 (provisional), registering a loss of 6 paise from its previous close.