"indian-rupee"

Forex traders say higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed local unit further downward

Forex traders noted that the rupee remains stable within a narrow range due to active intervention by the Reserve Bank of India (RBI). In the interbank foreign exchange market, the rupee opened at 83.97 against the US dollar, up by 2 paise from its previous close.

Forex traders noted that positive sentiment in both domestic and global equity markets, coupled with a weak American currency, supported the rupee. On the interbank foreign exchange, the rupee opened at 83.93 and traded at its previous session's closing level of 83.94 against the dollar.

“Although the societal structure is very similar to our country, it is better in some ways. And there are a lot of foreign students, so we get to interact with different cultures,” says Shalini Divya, a third-year medico.

The rupee dropped 6 paise to 83.18 (provisional) against the US dollar on Monday due to sharp losses in local stocks and US bond yields surging to 5 per cent

Forex traders said positive macroeconomic data supported the rupee, while geopolitical tensions, particularly the Israel-Hamas conflict, dented investor sentiments

Sri Lanka's Central Bank said that even though the Indian Rupee has been endorsed as a designated foreign currency, it is not a legal tender in Sri Lanka for domestic payments

For Indian travellers, discovering places where the Indian rupee gains significant purchasing power can unlock a world of possibilities.

New Delhi: In the wake of rising prices of jet fuel and the depreciation of the Indian Rupee, India’s low-cost airline SpiceJet on Thursday called for 10-15 per cent hikes in airfares to sustain the operation. SpiceJet Chairman and Managing Director (CMD) Ajay Singh on Thursday said there is no option left other than to […]

Mumbai: India’s foreign exchange (forex) reserves declined by $9.646 billion to $622.275 billion in the week ended March 11, the sharpest decline in nearly two years, as the Reserve Bank of India (RBI) heavily sold dollars to prevent the slide in the value of rupee. According to the RBI’s weekly statistical supplement, the foreign currency […]

At the interbank foreign exchange, the domestic unit opened at 74.32 against the dollar, then inched higher to 74.25, registering a gain of 13 paise over its previous close.

On the domestic equity market front, BSE Sensex was trading 40.01 points or 0.08 per cent lower at 52,442.70, while the broader NSE Nifty declined 6 points or 0.04 per cent to 15,715.50.

Forex traders cautioned that the coronavirus risk still persists and a lot will depend on aggressive rollouts of the vaccination programme.

At the interbank forex market, the local unit opened at 73.34 against the US dollar, then inched higher to 73.33, reflecting a rise of 18 paise over its last close.

On April 27, 2021, the Indian rupee closed around 74.66 against the US dollar, or about 3 per cent lower than levels in mid-March.

The agency cited that low prices may be unfavourable for domestic producers, it will benefit gas consumers.

At the interbank forex market, the domestic unit opened at 72.85 against the US dollar, registering a decline of 34 paise over its previous close.

The financial year 2020-21 has been a roller-coaster ride for the rupee due to Covid-19. The pandemic-induced massive sell-off in the equity market led the rupee breach record low of 76.90.

At the interbank forex market, the local unit opened at 72.43 against the greenback, then lost further ground to touch an intra-day low of 73.51

On the other hand, India's forex reserves continued to rise, indicating, an active Reserve Bank which has kept rupee in a check, to make exports competitive.