rupee depreciation Archives - Page 2 of 2

Currency Market News: Rupee gains 7 paise to 85.46 vs US dollar

Topnewsplus6 months ago03 mins

Rupee appreciated by 7 paise to 85.46 against the US dollar in early trade on Thursday, supported by a weaker American currency, a decline in global crude oil prices, and a positive start in domestic equities. At the interbank foreign exchange market, the rupee opened at 85.43 and later slipped slightly to 85.46, still 7…

Currency Market News: Rupee slips 18 paise to 85.50 vs US dollar

Topnewsplus7 months ago04 mins

Rupee depreciated by 18 paise to close at 85.50 (provisional) against the US dollar on Thursday, pressured by increased demand for the American currency from importers and foreign fund outflows. Forex traders attributed the rupee’s decline to strong dollar demand. However, gains in domestic markets and a drop in crude oil prices helped limit the…