rupee

Mumbai, April 2 The rupee logged one of its steepest single-day gains in many years and closed 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets.The domestic unit, however...

Mumbai, April 2 – Stock markets staged a strong recovery on Thursday, erasing early losses to close higher, with the benchmark Sensex rising by 185 points and the broader Nifty settling above 22,700, driven by strong value buying in IT and banking shares and a sharp rebound in the rupee.After...

Mumbai, April 2 The rupee registered one of its largest single-day gains in many years and closed 156 paise higher at 93.14 (provisional) against the US dollar on Thursday after the Reserve Bank intervened with a series of measures to restrict banks from trading in the onshore forward markets...

Mumbai, April 2 The rupee recovered 151 paise from its record low level to trade at 93.19 against the US dollar in early deals on Thursday, supported by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market.However, the domestic unit faced pressure...

Mumbai, April 1 The rupee gained 15 paise to 94.70 against the US dollar in early trade on Wednesday, tracking positive cues from domestic equity markets and the retreat of the US dollar overseas.However, the local currency remained under pressure due to higher crude oil prices and sustained...

Lucknow, March 31 Samajwadi Party president Akhilesh Yadav said on Monday that there is a fierce competition between the rupee and the BJP's image to fall lower.The leader of the third-largest party in the Lok Sabha also said that as cases of alleged corruption and misconduct involving BJP...

New Delhi, March 30 The Reserve Bank should use foreign exchange reserves to stabilize the rupee, which has been affected by the ongoing crisis in the Middle East, according to a research report by SBI on Monday.The rupee breached the 95/USD mark on Monday and closed 7 paise higher at 94.78...

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 trimmed its initial gains and hit a historic low of 95.22 in intra-day trading on Monday, as rising oil prices, ongoing geopolitical tensions, and a strong dollar continued to put pressure on the currency.The rupee, which opened on a strong note after the Reserve...

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...

Mumbai, March 27 The rupee plunged by a massive 89 paise to close at a historic low of 94.85 against the US dollar on Friday, as concerns over higher crude oil prices weighed heavily on the currency and the overall macroeconomic outlook.Forex traders said the rupee is succumbing to the...

Mumbai, March 27 – The Sensex and Nifty benchmark indices plunged by over 2% on Friday after a two-day rally, in line with a global sell-off, as investor sentiment weakened due to uncertainties surrounding geopolitical tensions.The sustained prices of crude oil above USD 100 per barrel, the...

Mumbai, March 27 The benchmark indices Sensex and Nifty fell by over 2% on Friday, following a two-day rally, in line with a weak trend in global peers, as the US-Iran conflict remained the key factor weighing on markets, raising doubts about a de-escalation of the war.The persistently high...

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 Ratings agency ICRA on Friday revised its outlook on the Indian aviation industry to negative from stable, citing disruptions in international airspace following the escalation of geopolitical tensions in West Asia.The revision in outlook is also due to a sharp depreciation of...

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 breached the 94.50-mark for the first time against the US dollar during intra-day trading on Friday, hitting a record low of 94.56, due to high oil prices and a stronger dollar, amid no breakthrough in the West Asia conflict.A sharp decline in domestic equity markets...

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...