Rupee extended its fall on Monday, opening at an all-time low of 96.20 against the US dollar, slipping 0.2% from its previous close. This comes as the ongoing Middle East conflict continues to cloud sentiments and unsettle markets. With this fall the currency has trimmed 5.5% since the crisis began. Last week, the currency crossed […]
The rupee plunged by 82 paise, or nearly 1 per cent, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a sharp rise in global crude oil prices amid mounting geopolitical tensions, PTI reported.Forex traders said the domestic currency remained under […]
Iran intensified its attacks on oil and natural gas facilities around the Gulf Thursday, raising the stakes in a war that is sending shock waves through the global economy.The strikes, in retaliation for an Israeli attack on a key Iranian gas field, sent fuel prices soaring and risked drawing Iran’s Arab neighbours directly into the […]
The rupee showed slight improvement against the US dollar on Wednesday, surging 26 paise to reach 89.92 in early trading. This came due to a weaker dollar globally and falling crude oil prices. The currency had already shown positive movement on Tuesday, ending its four-day decline.Starting the day at 90.20, the rupee kept getting stronger […]
