Indian rupee strengthens above 83.50/USD for first time in over …
WEB1 day ago · The Indian rupee rallied on Friday to climb above 83.50 per U.S. dollar for the first time since late July, boosted by dollar sales by foreign banks and a rise in most of its Asian peers.
Rupee rises to two-month peak boosted by yuan rally, likely inflows
WEB2 days ago · The Indian rupee hit a two-month high on Thursday, aided by likely portfolio inflows and a rally in the Chinese yuan after the Federal Reserve delivered a 50 basis points interest rate cut.
Rupee logs best week this year, aided by Fed cut, portfolio inflows
WEB1 day ago · The rupee closed at 83.5625 against the U.S. dollar, up from its close at 83.68 in the previous session. The Indian currency jumped to an more than two-month high of 83.4850 earlier in the session ...
India’s Das Tames Volatile Rupee With $689 Billion Reserves
WEB1 day ago · Thu, Sep 19, 2024, 9:19 PM5 min read. 0. (Bloomberg) -- India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing it ...
Rupee logs 10 paise gain to settle at 83.55 against U.S. dollar
WEB1 day ago · The rupee stayed on the upward track for a record seventh straight session and settled 10 paise higher at 83.55 (provisional) against the dollar on Friday (September 20, 2024), as robust domestic ...
How India’s Rupee Went From Most to Least Volatile in Asia
WEBJun 26, 2024 · The Indian rupee has gone from being one of Asia’s most volatile currencies to among its most stable in the span of a decade. The turnaround reflects India’s growing economic heft and the ...
A New Red Line for India’s Rupee Is Forming as Pressure Mounts
WEBAug 9, 2024 · India’s central bank looks to have drawn a new line in the sand for the rupee at the 84-per-dollar level, according to analysts. The Indian currency tested a series of record lows in recent days...
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
WEBThe Indian rupee rose by 0.05% to 83.9250 on Friday, supported by hopes of a significant rate cut by the Federal Reserve next week. This development also boosted most Asian currencies and dollar-rupee forward premiums. Traders expect the rupee to remain rangebound due to continued demand for dollars from importers.
Rupee faces challenge as US dollar surges after Fed's large rate …
WEBThe 1-month dollar/rupee non-deliverable forward (NDF) declined to 83.66 following the Fed rate cut. Economists had expected a smaller 25-bp rate cut, per a Reuters poll. The 1-month NDF of 83.66 ...
Rupee settles at record closing low as equity tax hikes hurt …
WEBJul 23, 2024 · The Indian rupee slipped to record lows on Tuesday as the government raising tax rates for capital gains from equity investments and on equity derivative trades hurt market sentiment.
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