Rupee rebounds! Currency rises 18 paise after 4-day losses; reaches 90.12 against US dollar

Rupee rebounds! Currency rises 18 paise after 4-day losses; reaches 90.12 against US dollar

Rupee began strong on Tuesday, strengthening by 18 paise to 90.12 against the US dollar, snapping its four-day losing streak.The currency’s rebound comes a day after it ended lower on Monday, closing at 90.30 against the greenback amid ongoing geopolitical uncertainty and weak domestic equities. According to traders, after the American military operation in Venezuela,…

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Rupee sinks further: Rupee hits new all-time low of 90.74 vs dollar; trade deal uncertainty, FII outflows weigh

Rupee sinks further: Rupee hits new all-time low of 90.74 vs dollar; trade deal uncertainty, FII outflows weigh

The rupee on Monday weakened further to close at a fresh all-time low of 90.74 against the US dollar, after slipping as much as 90.80 during intra-day trade, amid lingering uncertainty over an India–US trade deal and continued foreign fund outflows, according to market participants.At the interbank foreign exchange market, the local currency opened at…

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