Rupee plunged by 55 paise to close at 86.07 (provisional) against the US dollar on Friday, as rising geopolitical tensions in the Middle East and a spike in global crude oil prices weighed heavily on investor sentiment. The volatility followed Israel’s reported strikes on Iran’s nuclear sites. Brent crude, the international oil benchmark, surged by…
Rupee appreciated by 6 paise to 85.51 against the US dollar in early trade on Wednesday, supported by strong foreign institutional investor (FII) inflows and a dip in global crude oil prices. According to forex traders, the rupee is expected to trade within a range of 85.40 to 90 during the day, with mid-month demand…
Rupee snapped its two-day losing streak and ended 7 paise higher at 85.80 (provisional) against the US dollar on Thursday, supported by strong domestic equities and gains in Asian currencies. According to forex traders, a drop in global crude oil prices overnight lent support to the local unit, although a strong US dollar index capped…