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Rupee continued its upward rally on Friday, rising 17 paise to 91.41 against the US dollar in early trade. This comes after US President Donald Trump softened his stance on tariff threats against Europe over Greenland, easing fears of another trade war. Forex traders said that the US President’s change in stance lowered near-term geopolitical…
Rupee began the week in red, falling 5 paise to 90.23 against the US dollar in early Monday trade, weighed down by rising crude oil prices and persistent outflows from foreign investors. Traders said that ongoing geopolitical tensions and worries over potential US tariffs on Indian exports led foreign institutional investors to offload domestic equities….
The rupee showed slight improvement against the US dollar on Wednesday, surging 26 paise to reach 89.92 in early trading. This came due to a weaker dollar globally and falling crude oil prices. The currency had already shown positive movement on Tuesday, ending its four-day decline.Starting the day at 90.20, the rupee kept getting stronger…
Rupee continued its upward rally against the US dollar on Friday, strengthening past its 90 mark to reach 89.96 against US dollar in early trade. The currency opened at 90.1325 per dollar, up about 0.1% from its previous close of 90.20 against US dollar. This comes after Rupee made a tentative recovery after sliding to…
The rupee closed at a new all-time low of 90.32 against the US dollar on Thursday, sinking 38 paise, as uncertainty around the India-US trade deal and continued foreign fund outflows pressured the currency, PTI reported.The local unit opened at 89.95, weakened further through the session and hit a record intra-day low of 90.48, before…
Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…
On Wednesday, the rupee reached a historic low of 90.30 against the US dollar during intra-day trading. (AI image) Rupee has breached the 90 mark versus the US dollar for the first time ever, but the currency’s depreciation is not troubling the government. Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the government…
Rupee has extended its downward momentum on Wednesday, falling 9 paise to hit its lowest level of 90.05 against US dollar in early trade. This comes after the currency had already recorded a dip of 42 paise to close at 89.95 against the US dollar, on Tuesday.According to VK Vijayakumar, chief investment strategist at Geojit…
Rupee on Tuesday tumbled 42 paise to close at an all-time low of 89.95 against the US dollar, extending its depreciation streak and edging closer to the crucial 90-per-dollar mark.So far, the rupee has depreciated by over 4% this year, falling 0.8% in November alone.This slump was mainly driven by speculators covering their short positions…
