Tag: Rupee

New Delhi, April 07, 2025.The rupee declined 38 paise -- steepest in more than five weeks -- to settle at 85.82 (provisional) against the US dollar on Monday amid the wide-spread global turbulence over escalated tariff war and fear of a global economic slowdown.A steep decline in crude prices and a weaker American currency failed to arrest the fall in domestic currency due to the withdrawal rush by foreign as well as domestic equity investors, forex traders said.They said the currency exchange markets globally faced extreme volatility as investors tried to escape risks, following the US administration's sweeping reciprocal tariffs on multiple countries and China's retaliatory move on the American imports

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.

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.

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.

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.