The Indian rupee weakened on Wednesday, a day after recording its best session of the year, as crude oil prices stayed elevated despite a ceasefire between Iran and Israel. The domestic currency closed 12 paise lower at 86.09 against the US dollar, after ending at 85.97 on Tuesday. The previous session saw the steepest one-day…
The Reserve Bank of India (RBI) on Monday said that 98.26 per cent of the Rs 2,000 denomination banknotes have been returned to the banking system following their withdrawal from circulation. The Rs 2,000 notes were officially withdrawn on May 19, 2023. At that time, the total value of these notes in circulation was Rs…
Rupee gained 1 paisa to settle at 85.53 (provisional) against the US dollar on Friday, helped by strong foreign institutional investor (FII) inflows and a slight drop in the dollar index. However, the rupee’s rise was limited due to higher Brent crude prices, weak domestic equity markets, and data showing India’s trade deficit widening in…