Rupee sinks 82 paise to all-time low of 93.71 vs US dollar as crude oil surge, FII outflows rattle sentiment

[ad_1] 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 […]

Rupee continues to rise! Currency recovers 17 paise to reach 91.41 against US dollar

[ad_1] Rupee continued its upward rally on Friday, rising 17 paise to 91.41 against the US dollar in early trade. This comes after US President Donald Trump softened his stance on tariff threats against Europe over Greenland, easing fears of another trade war. Forex traders said that the US President’s change in stance lowered near-term […]

Record low! Rupee falls by 23 paise against US dollar; reaches 91.01

[ad_1] The rupee on Tuesday depreciated to another record low, by 23 paise against the US dollar, reaching 91.01 (provisional) . This decline was attributed to continuous foreign fund outflows, stalled India-US trade negotiations, and sustained US dollar purchases.The domestic currency initially dropped 36 paise to touch 91.14, its lowest point ever, before recovering slightly. […]

Rupee breaches 90-mark for first time: Currency hits all-time low of 90.21 against dollar; FIIs outflow and crude weigh on sentiment

[ad_1] The rupee plunged to a historic low on Wednesday, slipping past the 90-per-dollar threshold for the first time amid foreign fund outflows, firm crude oil prices and uncertainty around the India–US trade deal, according to PTI. The lack of visible RBI intervention through most of the session added to market pressure, forex traders said.At […]