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The rupee dived 104 paise to settle at 73.47 (provisional) against the US dollar on Friday, following a heavy selloff in domestic equities and strong American currency in the overseas market.At the in
Long bets on Indian rupee hit over three-year high An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo (REUTERS)Premium Anushka Trivedi , Reuters The dollar has hit multi-year lows this week, despite a jump in US yields, on the Federal Reserve's dovish tone and as risk appetite improved due to vaccination efforts, with investors now looking to high-growth economies that will benefit from a pick-up in global trade Share Via Read Full Story Bullish positions on the Indian rupee climbed to a more than three-year high on optimism ove...
The rupee (INR) retained its positive bias on Wednesday after a gap-up open, where it ended the day with a gain of 0.2 per cent versus the dollar (USD). That is, after opening at 72.37 versus the prev
The Indian rupee ended 8 paise lower at 72.43 (provisional) against the US dollar on Thursday, weighed down by the spike in global crude oil prices.At the interbank forex market, the local unit opened
× Although the rupee (INR) gained in the first half of the last session, it gave up all its gains in the latter half and ended the day flat against the dollar (USD). That is, the INR marked an intra-day high of 72.30, before losing ground and closed at 72.46 versus Monday’s close of 72.50. Nevertheless, the domestic currency seems to retain the positive bias as it opened today’s session with a gap-up at 72.37. If the rally gets extended, it might face resistance at 72.15 and then at 72.00, which can be a considerable roadblock for the bulls. However, if INR weakens from here, the neares...