foreign exchange

Mumbai, March 30 The rupee breached the 95/USD mark on Monday before regaining some ground to settle at 94.70 against the US dollar, up 15 paise, after the escalation of the Iran war jolted global markets, fueling rupee volatility and risk-off sentiment.Forex traders said the USD/INR pair...

Mumbai, March 30 The rupee breached the 95/USD mark on Monday in intra-day trading and settled at 94.78 (provisional) against the American currency after the escalation of the Iran war jolted global markets, fueling rupee volatility and risk-off sentiment.Forex traders said the USD/INR pair...

Mumbai, March 30 The rupee recovered 128 paise from its all-time low of 93.57 against the US dollar in early trade on Monday, after the Reserve Bank reduced the net open position that banks can hold overnight to USD 100 million.Forex traders said the rupee opened stronger as banks, who...

Islamabad, March 29 Amidst a struggling economy with loose ends in energy, logistics, digital infrastructure, education, poverty, and employment, the Pakistani government aims to establish itself as a major exporter of fighter jets, according to a report."To be clear, an economy struggling to...

Mumbai, March 27 The rupee plunged by 86 paise to close at another all-time low of 94.82 (provisional) against the US dollar on Friday, weighed down by high oil prices and a stronger dollar amid uncertainty over the West Asia conflict.A sharp decline in the domestic equity markets and...

Mumbai, March 27 The rupee plunged by 74 paise to hit a fresh all-time low of 94.70 against the US dollar during intra-day trading on Friday, weighed down by high oil prices and a stronger dollar, amid no breakthrough in the West Asia conflict.A sharp decline in the domestic equity markets and...

Mumbai, March 27 The rupee fell by 33 paise to a fresh all-time low of 94.24 against the US dollar in early trading on Friday, weighed down by high oil prices and a stronger dollar, amid no breakthrough in the West Asia conflict.Heavy selling in domestic equity markets and sustained outflows...

Mumbai, March 25 The rupee plunged by 29 paise to close at a record low of 94.05 (provisional) against the US dollar on Wednesday, as heavy outflows by foreign investors and rising tensions in the Middle East kept investors on edge.Even a drop in global crude oil prices, a weaker US dollar...

Mumbai, March 25 The rupee plunged by 20 paise to close at a fresh record low of 93.96 against the US dollar on Wednesday as heavy outflows from foreign investors and rising tensions in the Middle East kept investors on edge.Even a decline in global crude oil prices, a weaker US dollar, and...

Mumbai, March 25 The rupee fell 18 paise to 93.94 against the US dollar in early trading on Wednesday as sustained foreign fund outflows kept investors on edge.However, a drop in global crude oil prices, a weaker dollar, and a strong opening in the domestic equity markets prevented sharper...

Mumbai, March 24 The rupee fell by 23 paise to close at 93.76 against the US dollar on Tuesday as a stronger dollar against major currencies and high global crude prices spooked investors.Further outflows of foreign funds amid uncertainty over the West Asia crisis also weighed on the local...

Mumbai, March 24 The rupee fell by 35 paise to 93.88 (provisional) against the US dollar on Tuesday as a strengthening dollar against major currencies and high global crude prices spooked investors.Further outflows of foreign funds amid uncertainty over the West Asia crisis also weighed on the...

Mumbai, March 24 The rupee fell by 20 paise to 93.73 against the US dollar in early trading on Tuesday as the greenback strengthened and global crude oil prices continued to rise even after US President Donald Trump signaled that negotiations were underway with Iran.Trump said on Monday that...

Mumbai, March 23 The rupee breached the 94-level against the US dollar for the first time on Monday, closing flat at 93.53, amid a correction in global crude prices.At the interbank foreign exchange market, the local currency opened at 93.84 and breached the 94-mark against the US dollar for...

Mumbai, March 23 The Reserve Bank of India (RBI) purchased a net of USD 2.526 billion of foreign exchange from the spot currency market in January, according to the central bank's monthly bulletin released on Monday.The central bank's purchase of US dollars came in January, following seven...

Mumbai, March 23 The rupee breached the 94/dollar barrier for the first time, falling by 50 paise to a new record low of 94.03 (provisional) against the US dollar on Monday, as soaring global crude prices and continued foreign fund outflows unnerved investors.A strengthening US dollar and a...

Mumbai, March 23 The rupee continued its downward trend on Monday, losing 41 paise to fall to a record low of 93.94 against the US dollar, as the ongoing war in West Asia kept global crude oil prices high, and the US dollar remained strong.Sustained outflows of foreign funds and a crash in the...

New Delhi, March 20 As the rupee fell to an all-time low against the US dollar amid mounting geopolitical tensions, senior Congress leader Shashi Tharoor said on Friday that the BJP-led Centre should have the "grace" to withdraw its earlier claim that the Indian currency's decline under the UPA...

Mumbai, March 20 The rupee crashed 64 paise to settle at an all-time low of 93.53 against the US dollar on Friday, weighed down by persistent foreign fund outflows and a steep rise in crude oil prices amid mounting geopolitical tensions.Forex traders said the Indian rupee is under tremendous...

Mumbai, March 20 The rupee fell by 82 paise, or nearly 1%, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent outflows of foreign funds and a sharp rise in crude oil prices amid mounting geopolitical tensions.Forex traders said the...