Rupee Gaining Strength Against USD – Greatandhra.com
On Friday, the Indian rupee strengthened against the US dollar, buoyed by robust domestic stock market performance, a wave of global optimism, and expectations around a potential trade deal between the US and India. A noteworthy boost to confidence came from record GST collections in April, totaling Rs 2.37 crore, which marked a 12.6% increase […]
Rupee to weaken past 86/USD on hawkish Fed outlook – The Economic Times
The Indian rupee fell above $86 to the dollar for the first time on Monday after strong U.S. jobs data reaffirmed expectations that the Federal Reserve will not cut interest rates significantly this year. The rupee opened at a record low of 86.2050 rupees, falling from Friday's 85.9650 rupees. U.S. employers added 256,000 jobs last […]
Why is the rupee weakening against the dollar?: Explained – The Hindu
The current weakening of the rupee is believed to be mainly due to the exodus of foreign investors from India, which is putting pressure on the rupee. |Photo provided by: Reuters Story so far: In the last week of December 2024, the rupee crossed the $85 mark against the US dollar and hit an all-time […]
Indian Rupee Posts Steepest Single-Day Loss Since February 2023 – Yahoo Finance
(Bloomberg) — Follow Bloomberg India on WhatsApp for exclusive content and analysis on billionaires, companies and market trends. Sign up here. Most Read Articles on Bloomberg The Indian rupee suffered its biggest fall in about two years, weighed down by importers' demand for dollars at the end of the month. The rupee fell 0.6% on […]
USD/INR rises as renewed US Dollar demand drags Indian Rupee lower to near record low – FXStreet
The Indian rupee fell in early European trading on Monday. The strong US dollar is weighing on the Indian rupee, but periodic intervention by the central bank could limit the rupee's downside. Investors are awaiting the release of the December US Consumer Confidence Index later on Monday. The Indian rupee (INR) remained weak near record […]
Rupee falls to all-time low of 85.12 against US dollar – Greatandhra
The Indian rupee fell by 18 paise against the US dollar to a record low of 85.12 on the National Stock Exchange (NSE) over the US Federal Reserve's (Fed)'s hawkish comments on the prospect of interest rate cuts. At Wednesday's Federal Reserve meeting, the focus shifted to maximum employment and price stability, with the FOMC […]
USD/INR gains momentum as month-end US Dollar demand drags Indian Rupee lower – FXStreet
The Indian rupee came under selling pressure in early European markets on Wednesday. Weakness in Asian currencies and weakening demand for US Dollar at the end of the month will weigh on the INR. Investors are waiting to hear from Fed Governors Waller and Bostic on Wednesday for fresh impetus. The Indian Rupee (INR) extended […]
Rupee poised for further consolidation amid IMF loan agreement – Geo News
Tresmark said he expects the rupee to hover around Rs 278 and the market is not expecting any significant appreciation. A trader counts Pakistani rupee notes at a currency exchange in Peshawar, Pakistan, on December 3, 2018. — Reuters The rupee is likely to remain stable in the short to medium term. The […]
Rupee expected to depreciate by end of 2024 despite IMF bailout hopes – Geo News
A foreign currency dealer counts US dollars at a store in Karachi on March 2, 2023. — Online The rupee is expected to trade at Rs 325 against the dollar by June 2025. It is likely to fall to Rs 295 by the end of December 2024. The policy rate will remain in the 17% […]
India Stocks Hit Record, Rupee Gains as Polls Predict Modi Win (Bloomberg) – Yahoo Finance
(Bloomberg) — In India, exit polls showing a landslide victory for Prime Minister Narendra Modi’s ruling party sent a wave of enthusiasm across markets, sending stocks soaring to record highs and boosting the rupee and government bonds. Most read articles on Bloomberg The NSE Nifty 50 index rose 3.6% after most polls showed the Bharatiya […]