Rupee's Six-Day Winning Streak Ends Amid Strengthening Dollar and Rising Crude Prices
The rupee ended its six-day gaining streak, closing 2 paise lower at 83.54 against the US dollar on Monday, influenced by a stronger dollar in international markets and higher crude oil prices. A drop in India's Services PMI and gains in domestic equity markets also impacted investor sentiment.
Currency update: Rupee snaps 6-day gaining streak; slips 1 paisa to 83.55 against US dollar
The dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.34 per cent at 101.06.
Currency Update: Pakistani Rupee Records Minor Decline Against US Dollar
On Monday, the Pakistani rupee depreciated by 3 paisa against the US dollar in interbank trading, closing at Rs 277.86, as reported by the State Bank of Pakistan
Rupee snaps 6-day gaining streak; slips 1 paisa to 83.55 against US dollar
Mumbai: The rupee pared its early gains to close lower by 1 paisa at 83.53 (provisional) against the US currency on Monday, snapping its six-day gaining streak due to a strengthening dollar in overseas markets and an uptick in crude oil prices.
Rupee rises 6 paise to 83.46 against US dollar in early trade
The rupee continued its rally for the third week, appreciating 6 paise to 83.46 against the US dollar, supported by positive domestic equity markets and foreign fund inflows. However, rising crude oil prices and a stronger dollar limited further gains.
Rupee's upside seen largely capped at current level
The Indian rupee is expected to open little changed to slightly higher on Tuesday amid a dovish Federal Reserve outlook, ...
The Express Tribune16h
USD exchange rates today: Rupee makes modest gains
The increased supply of US dollars in the interbank market has helped strengthen the local currency, with the rupee ...
India’s Das Tames Volatile Rupee With $689 Billion Reserves
India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee ...
Rupee ends flat after hitting 3-month peak; oil firms' dollar bids weigh
The Indian rupee ended flat on Monday as dollar demand from local oil companies pulled the currency off a near three-month ...
Analysis
Investing52mAnalysis
Rupee Flat as Dollar Demand from Oil Firms Halts Gains
Rupee ended flat as dollar demand from local oil companies pulled the currency off a near three-month high. # Dollar-rupee forward premiums rose, with the 1-year implied yield touching a 17-month peak ...
The Pros and Cons of a Fully Convertible Rupee
As India gains economic power and broadens its foreign investment collaboration, there are pros and cons to making the rupee ...
Rupee rises; momentum indicator signals winning run could halt
The Indian rupee extended gains on Monday, but a key technical indicator signalled that the currency's winning run may come ...
Rupee to move in 83.20-83.90 range as Fed rate cut expected to boost inflows, say experts
The Indian rupee is expected to trade in the 83.20-8.90 range against the dollar on expectation of inflows after the Federal ...