The International Monetary Fund is expected to soon announce a change in how it classifies India’s exchange rate regime, according to people familiar with the matter, two years after the Washington-based lender upset the local central bank by suggesting it was intervening too heavily in the currency market. The new description of the country’s de…
The Indian rupee closed at 88.78 against the US dollar today, October 3, 2025, down marginally on the week but steady just above its all-time low of 88.80, hit on Tuesday. The rupee has been weakening due to the US-India trade frictions and portfolio outflows, with foreign investors net selling over USD 2.5 billion of local…
Rupee at all-time low: Rupee weakened further on Tuesday, hitting an all-time intraday low of Rs 88.53 against the US dollar, as global uncertainties and policy shocks rattled investor confidence. The domestic currency opened at Rs 88.41 and quickly ceded ground, following a 12-paise loss on Monday. H-1B visa hike and trade tensions weigh Traders…
Stock Market Closing Bell: The benchmark Indian equity indices gave up most of their earlier gains towards the end of Monday’s trading session but still managed to close in positive territory amid mixed market sentiments. The BSE Sensex, which scaled an intra-day high of 81,171.38, ended the day at 80,787.30, up 76.54 points or 0.09 per…
Rupee hits 88.36 against the dollar amid fears of U.S. tariffs; RBI steps in with dollar sales to limit losses as foreign investors pull out $1.4 billion in September. Source link
Rupee appreciated by 21 paise to open at 85.87 against the US dollar in early trade on Thursday, buoyed by weakness in the greenback across global markets. However, gains were capped due to firm crude oil prices and continued outflows by foreign institutional investors (FIIs), according to forex dealers. At the interbank foreign exchange market,…