Indian rupee weakens to record low, hurt by sustained outflows …
1 day ago · The Indian rupee slipped to an all-time low on Friday, weighed down by persistent outflows from local equities while mild dollar sales from state-run banks, likely on behalf of the Reserve Bank of ...
Rupee pinned near record low as equities remain under pressure
1 day ago · The Indian rupee was unable to benefit from a rise in its Asian peers on Friday as likely outflows from local equities and a buoyant dollar pressured the currency, but dollar sales from state-run ...
Rupee slips to record low, cenbank intervention thwarts sharp fall
1 day ago · The rupee closed at 84.0650 against the U.S. dollar, barely changed from its close of 84.0675 in the previous session. It hit a record low of 84.0775 earlier in the session, inching past its ...
Indian Rupee May Outperform Asia FX as US Poll Brings Volatility
1 day ago · 2:12. The Indian rupee may have been Asia’s worst-performing currency last quarter, but it is poised to be the most resilient to the dollar’s strength ahead of a too-close-to-call US elections ...
Indian central bank's persistent intervention helps rupee avert …
1 day ago · The Indian central bank's persistent dollar sales on Friday have helped the rupee avert sharp losses amid sustained outflows from local equities, six traders told Reuters. State-run banks were spotted offering the dollars through most of Friday's trading session, most likely on behalf of the Reserve Bank of India ((RBI), the traders said. The RBI is "expectedly present on offer (on USD/INR ...
Indian rupee dips to lifetime low on dollar bids by foreign banks
5 days ago · The Indian rupee dropped to an all-time low on Monday, weighed down by persistent dollar demand from foreign banks, likely for their clients. The rupee dipped to a lifetime low of 84.0725 to the U.S. dollar, inching past the prior low of 84.07 hit on Friday.The local's currency drop past 84 came after it spent more than two months near to that level.
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
The Indian rupee closed higher on Friday after rising to its highest in two weeks, aided by likely intervention from the Reserve Bank of India (RBI) and broad-based interbank dollar sales in the latter half of the session.
INR USD: New Red Line for Indian Rupee After Record Lows
Aug 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.
India Rupee Falls Past 84 Per Dollar to Record Low Amid Outflows
Oct 11, 2024 · Advertisement. (Bloomberg) -- The Indian rupee fell past 84 to a dollar for the first time as foreign outflows from stocks and bonds and a less hawkish central bank piled pressure on the currency ...
Indian Rupee Hits Weakest Level Ever Against the Dollar - The …
Jul 19, 2022 · The Indian rupee touched the weakest level on record against the dollar on Tuesday, another victim of higher energy prices and a stronger greenback. The rupee has lost about 7 percent of its...