Rupee plummets 60 paise to close at all-time low of 77.50 against dollar; all you need to know
Rupee plummets 60 paise to close at all-time low of 77.50 against dollar; all you need to know
Source: freepressjournal.in
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Trends on SGX Nifty indicate a negative opening for Indian indices
Trends on SGX Nifty indicate a negative opening for Indian indices
Source: freepressjournal.in
Benchmark indices open flat: Sensex down, Nifty holds above 18,000
Benchmark indices open flat: Sensex down, Nifty holds above 18,000
Source: freepressjournal.in
Is The Rupee Set For Prolonged Weakness?
The Indian rupee fell to a near six-month low this week, dropping below 75 against the US dollar. The move reflected a perfect storm of factors — higher oil, a stronger dollar, higher US bond yields, which could collectively mean that the rupee remains weak in the near term, said analysts.
Source: bloombergquint.com
Rupee view: INR positive as Fed maintains status quo - The Hindu BusinessLine
Akhil Nallamuthu BL Research Bureau | Updated on April 29, 2021 Rupee could touch 73.50 in the near term As the dollar (USD) declined, the rupee (INR) made considerable gains over the past week. The weakness in the greenback could persist and so, the local currency could retain the positive bias in the short term. The year-to-date loss of INR against USD recovered over the past few sessions and it now stands at nearly 1.4 per cent. Fed retains stance The Federal Open Market Committee (FOMC) of the Federal Reserves of the US released statement yesterday which says the committee has decided t...
Source: thehindubusinessline.com