The Indian rupee weakened to around 88.25 per dollar on Friday, hitting an all-time low, pressured by ongoing concerns over steep US tariffs on Indian exports.
Indian Rupee
Rupee on a weak pitch; prices inching close to 84.75 against dollar
The Indian rupee was down by 7 paise and touched Rs 84.73 against US dollar in early trade on December 9. The decline can be attributed to the outflow of foreign money and less activity in the Indian equity market.
Rupee to receive boost as chances of significant Fed rate cut rise
The Indian rupee is expected to receive a boost on Monday from the increasing probability that the US Federal Reserve will deliver a 50-basis-point rate cut in the week.
Rupee Hits Lifetime Low, May Slip to 81 on Strong Dollar
Rupee Hits Lifetime Low: The Indian Rupee hit a lifetime low level of 80.43 on Thursday after US Fed’s decision to hike interest rate by 75 basis points yet again. The domestic currency opened at a record low of 80.2850 per US dollar, down from the previous close of 79.97.
Indian Rupee Gains Against U.S. Dollar At Open
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 trade, it fell as much as 0.01% to 79.87, before paring some losses to trade at 79.84. The rupee closed at 79.86 on Tuesday. …
Indian Rupee Builds On Last Week’s Gains, Opens At 79.12/Dollar
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.
Rupee to Appreciate on Weak Dollar
The Indian rupee snapped its four-day losing streak to close 29 paise higher against the US dollar on Tuesday, tracking a recovery in domestic equities and weakness in American currency overseas.