Indian Rupee Gains Against U.S. Dollar At Open

Last Updated On August 24, 2022 10:26 AM by PIA CHAUHAN

USD/INR jumps amid tensions over Kashmir, rising US Dollar demand

The Indian rupee gained against the U.S. dollar on Wednesday. The currency appreciated 6 paise or 0.08% against the greenback to open at 79.80. In early …

Rupee has come under Intense Selling Pressure

Last Updated On August 20, 2022 10:34 PM by PIA CHAUHAN

The rupee has come under intense selling pressure in recent weeks due to a perfect storm of global headwinds, which analysts believe will continue to pummel the Indian currency in the months ahead as well. Earlier in July, rupee tested record lows and breached the Rs 80 per US dollar level at least twice, recovering only after the Reserve Bank of India (RBI) stepped in to stem the depreciation. Since then, the rupee has regained some ground and has been trading in the 78.50-79.80 range. One of the reasons behind the rupee’s fall was strong demand.

Indian Rupee Builds On Last Week’s Gains, Opens At 79.12/Dollar

Last Updated On August 1, 2022 10:26 AM by Neal Bhai

The Indian rupee strengthened against the U.S. dollar at opening of trade on Monday. The domestic currency appreciated 15 paise to 79.12 against the greenback at open. It then strengthened to 79.10, according to Bloomberg data.

Indian Rupee Opens Little Changed At 79.73 Against The U.S. Dollar

Last Updated On July 26, 2022 11:06 AM by Neal Bhai

The Indian rupee opened little changed against the U.S. dollar on Tuesday.

The domestic currency opened at 79.73 against the greenback, but soon lost 0.02% to trade at 79.75.

Rupee Down 15 Paise To All-Time Low Of 79.60 Against US Dollar

Last Updated On July 12, 2022 5:18 PM by Neal Bhai

The rupee declined 15 paise to close at a new lifetime low of 79.60 (provisional) against the US dollar on Tuesday as a strong greenback overseas and weakness in domestic equities continued to weigh on investor sentiments.

RBI Takes Steps To Liberalise Forex Flows Amid Weakening Rupee

Last Updated On July 6, 2022 5:37 PM by Ananya

The RBI (Reserve Bank of India) has announced measures to boost forex inflows, amid a weakening rupee. The steps range from liberalising limits and interest rate caps for external borrowings to encouraging debt flows and foreign currency deposits.

Current USD cycle has likely peaked

Last Updated On June 10, 2022 2:19 PM by PIA CHAUHAN

“The current USD cycle has likely peaked. The US Federal Reserve may be on track to deliver further rate hikes, but markets are now reassessing how high the fed funds rate will go, considering the sharp tightening in financial conditions.”