Currency Market News: Rupee depreciated by 21 paise to close at 85.63 (provisional) against the US dollar on Tuesday, weighed down by weak domestic equity markets and a rebound in US Treasury yields. According to forex traders, the recent surge in the US 10-year yield reflects growing concerns over fiscal and monetary policies, pushing borrowing…
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…