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Rupee rises 8 paise to 83.23 against US dollar in early trade

Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels, while the strength of the American currency in the overseas market weighed on the local unit and restricted the up move.

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Rupee trades in narrow range against US dollar

At the interbank foreign exchange, the rupee opened at 83.33 against the dollar and touched an early low of 83.34 in initial trade, registering a fall of 5 paise over its previous close. It was later trading at 83.31 against the American currency.

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Rupee falls 7 paise to close at 83.03 against US dollar

Forex traders said the Indian rupee depreciated as foreign fund outflows weighed on the rupee. However, positive domestic markets cushioned the downside.

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Rupee ends stronger on foreign banks' dollar sales, uptick in Asia FX | Business News

The dollar index hovered little changed near the 104 level, after retreating nearly 0.3% on Tuesday following a rally that lifted the index to its highest level in nearly 3 months.

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Rupee in race to become world's reserve currency; Watch US dollars dominance and decline in last 100 years

The US economy is showing signs of slowing down, with other economies - especially China and India - catching up fast. Additionally, increased trade wars and sanctions by the US have accentuated the search for a new trade mechanism other than US Dollar. Rupee is in the race to become world’s reserve currency. Watch this Visual Story to see US dollar's dominance and decline in the last 100 years.

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Rupee 2nd best-performing EM currency in April; Uday Kotak highlights rare opportunity for INR to go global

Dollar to Rupee: After the Indonesian Rupiah, the Indian rupee was among the best-performing Emerging Markets (EM) currencies in April. Watch this Visual Story to know all about rupee appreciation, and what Uday Kotak said about rupee becoming a global currency.

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Will govt remove image of Mahatma Gandhi from Indian Currency notes? Finance Ministry says THIS on Indian Rupee

Congress member Anto Antony had asked whether the government has received any request/representation to include more images (including the images of Goddess Lakshmi and Lord Ganesha) in Indian currency notes.

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Rupee free fall: Currency crashes 8 paise to 82.88 against US dollar

Rupee falls: At the interbank foreign exchange, the domestic unit opened at 82.87 against the dollar, then lost further ground to quote at 82.88, registering a loss of 8 paise over its previous close. In initial trade, the local unit also touched 82.84 against the American currency.

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