Rupee near record low, far forward premiums slump on Fed …
WEB1 day ago · The rupee was at 83.9675 against the U.S. dollar as of 10:20 a.m. IST, nearly unchanged from its close at 83.9725 on Friday and just shy of its all-time low of 83.9850.
Exclusive: India cenbank asks banks to avoid large shorts as rupee ...
WEB1 day ago · The RBI has asked banks to avoid large bets against the rupee and the instructions are a form of "oral intervention" by the central bank, a senior banker at a private bank said. The news has not ...
Rupee to remain moored at 84/USD after 50 bps Fed rate cut …
WEB1 day ago · The 1-month non-deliverable forward indicated that the rupee will open at 83.97-83.98 to the U.S. dollar compared with 83.9725 in the previous session and just shy of the lifetime low of 83.9850 ...
Piyush Goyal says time for Indian rupee to appreciate
WEB1 day ago · Piyush Goyal. Commerce Minister Piyush Goyal said on Monday it is time for the Indian rupee to appreciate on the back of inflows in debt and equity markets. "I believe India's currency should appreciate now. What else will we do with $700 billion (forex reserves)," Goyal said at an event in Mumbai. India now has the world's fourth largest ...
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
WEBThe Indian rupee rose by 0.05% to 83.9250 on Friday, supported by hopes of a significant rate cut by the Federal Reserve next week. This development also boosted most Asian currencies and dollar-rupee forward premiums. Traders expect the rupee to remain rangebound due to continued demand for dollars from importers.
A New Red Line for India’s Rupee Is Forming as Pressure Mounts
WEBAug 9, 2024 · India’s central bank looks to have drawn a new line in the sand for the rupee at the 84-per-dollar level, according to analysts. The Indian currency tested a series of record lows in recent days...
How India’s Rupee Went From Most to Least Volatile in Asia
WEBJun 26, 2024 · The Indian rupee has gone from being one of Asia’s most volatile currencies to among its most stable in the span of a decade. The turnaround reflects India’s growing economic heft and the ...
USD/INR Currency Exchange Rate & News - Google Finance
WEBGet the latest United States Dollar to Indian Rupee (USD / INR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and ...
Rupee’s Brief Dalliance With Record Low Yet to Crack Tight Range
WEBNov 2, 2023 · The Indian rupee saw a record low close of 83.29 per dollar Wednesday before pulling back Thursday, but strategists say a sustained break of its recent trading range is needed before momentum ...
Rupee settles at record closing low as equity tax hikes hurt …
WEBJul 23, 2024 · The Indian rupee slipped to record lows on Tuesday as the government raising tax rates for capital gains from equity investments and on equity derivative trades hurt market sentiment.