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,…
Rupee traded in a narrow range against the US dollar in early trade on Wednesday, pressured by rising crude oil prices and continued risk-off sentiment due to geopolitical tensions. At the interbank foreign exchange, the rupee opened at 86.42 against the dollar and briefly strengthened to 86.25 in early deals. On Tuesday, it had declined…
Rupee weakened by 19 paise to settle at 86.23 (provisional) against the US dollar on Tuesday, dragged down by rising global crude oil prices, the ongoing Israel-Iran conflict, and a stronger greenback. Forex traders said weak cues from domestic equities and sustained foreign institutional investor (FII) outflows further dented market sentiment. Jateen Trivedi, VP Research…
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…
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…