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Mumbai: The rupee ended Thursday at 91.96 to the dollar, down 18 paise from its previous close of 91.78, after slipping to a record low near the 92 level before recovering marginally on dollar sales by public sector banks on behalf of RBI. The dollar index edged up about 0.12% to around 96.27, adding to…
The rupee opened lower on Friday, slipping seven paise to 89.97 against the US dollar amid continued foreign investor selling and a rise in global crude oil prices. Furthermore, US tariffs and muted domestic equity market sentiment drove foreign institutional investors to sell, placing additional pressure on the local currency. The rupee had opened at…
NEW DELHI/ MUMBAI: Indian stock market indices were in the red on Monday, while the rupee extended its weakness against the US dollar, amid concerns over American President Donald Trump’s fresh comments over tariffs.The bellwether BSE sensex closed 0.4% or 332 points lower at 85,440 points, while NSE closed 0.3% lower at 26,250. The sensex…
Rupee strengthened in early trade on Monday, rising 22 paise to 89.45 against the US dollar, extending its recovery after hitting record lows in recent weeks.Earlier this month, rupee slid to a series of lifetime lows, even weakening beyond the 91-per-US-dollar mark. The currency, however, later healed in recovery attributed to likely intervention by the…
Rupee on Thursday opened 6 paise up to 90.32 against the US dollar in early trade, continuing its tentative recovery after hitting historic lows earlier this week. The uptick comes a day after the currency staged a sharp rebound on Wednesday, when it snapped a five-day losing streak to recover from the losses, rising 55…
Rupee depreciation: Experts are of the view that this weakness may persist in the near term. (AI image) The rupee has been in a downward spiral versus the US dollar – hitting new historical lows and even crossing the 90 mark. The depreciation has been steep, and even more on a real effective basis. In…
Market experts anticipate a period of sideways movement. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade ahead of the RBI policy. While Nifty50 was above 26,000, BSE Sensex was around 85,250. At 9:18 AM, Nifty50 was trading at 26,037.90, up 4 points or 0.016%. BSE…
The rupee plunged to a historic low on Wednesday, slipping past the 90-per-dollar threshold for the first time amid foreign fund outflows, firm crude oil prices and uncertainty around the India–US trade deal, according to PTI. The lack of visible RBI intervention through most of the session added to market pressure, forex traders said.At the…
