Rupee fell 15 paise to 86.10 against the US dollar in early trade on Friday, hit by sustained foreign institutional investor (FII) selling and narrowing bond yield differentials. At the interbank foreign exchange, the domestic unit opened at 85.95 and slipped to 86.10, down from its previous close of 85.95. Forex traders noted that while…
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…
Rupee fell sharply by 84 paise to close at 85.61 (provisional) against the US dollar on Thursday, as escalating geopolitical tensions between India and Pakistan triggered risk aversion among investors. Forex traders said the domestic currency came under pressure after Pakistan attempted to target several Indian military sites using drones and missiles—a move thwarted by…