Tag: Rupee falls

Mumbai, November 21, 2024. The rupee depreciated 8 paise to settle at an all-time low of 84.50 (provisional) against the US dollar on Thursday, dragged down by massive sell-off in domestic equity markets and surging crude oil prices amid a volatile geopolitical situation. According to forex traders, the American currency strengthened due to safe-haven appeal amid escalating tension between Russia and Ukraine, while the continuous outflow of foreign funds also put pressure on the domestic unit. At the interbank foreign exchange, the rupee opened at 84.41 and touched the lowest-ever level of 84.51 against the greenback during intra-day. The unit ended the session at 84.50 (provisional) against the dollar, surpassing its previous all-time low closing level of 84.46 recorded on Novemb...

New Delhi, June 13, 2024. The rupee consolidated in a narrow range and settled for the day lower by 7 paise at 83.55 (provisional) against the US dollar on Thursday even as both the domestic equity benchmark indices touched all-time high levels. Forex traders said rupee was seen resilient against the dollar, even after volatility witnessed in the dollar index, due to CPI data and US Fed's policy decision. At the interbank foreign exchange, the local unit opened at 83.52 and finally settled for the day lower by 7 paise at 83.55 (provisional) against the American currency.

New Delhi, July 31, 2023. The rupee depreciated 7 paise to 82.25 against the US dollar in early trade on Monday, tracking a strong American currency and outflow of foreign funds from domestic equity markets. Elevated level of crude prices crossing USD 84 a barrel and subdued sentiment in the domestic equity markets also weighed on the Indian currency, forex traders said. At the interbank foreign exchange, the domestic unit opened at 82.23, then touched a high of 82.21 against the American currency. It later traded at 82.25, registering a fall of 7 paise over its previous close.