Rupee hits record low for sixth straight session as broad dollar ...
19 hours ago · MUMBAI, Dec 24 (Reuters) - The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for ...
Rupee slips to all-time low pressured by weak yuan, importer …
1 day ago · The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state ...
Rupee hits record low for sixth straight session as broad dollar ...
19 hours ago · The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency. The rupee declined to 85.2075 against the U.S. dollar, eclipsing its previous record low of …
Rupee hits all-time low against US dollar. Why is it ... - India Today
5 days ago · The Indian rupee weakened to a record low of 85.10 against the US dollar on Friday, weighed down by persistent dollar strength following robust US economic data that reinforced the Federal Reserve's hawkish stance. The rupee surpassed its previous low of 85.0850 reached on Thursday and settled at 85.10 by 10:00 am.
Rupee falls 5 paise to hit all-time low of 85.16 ... - The Indian …
1 day ago · On Monday, the rupee settled 7 paise lower at 85.11 against the US dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading higher by 0.10 per cent at 107.92, amid soaring US Treasury yields and the fear of delayed interest rate cuts by the US Federal Reserve.. Brent crude, the global oil benchmark, rose 0.30 per cent to USD ...
Rupee slips to all-time low pressured by weak yuan, importer …
1 day ago · The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state-run banks' dollar sales capped the decline. ... For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to ...
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
The Indian rupee gained ground against the US dollar, rising to 84.6550 ahead of the Reserve Bank of India's (RBI) monetary policy decision. Analysts predict potential easing measures like a CRR reduction, but a surprise rate cut could weaken the rupee further.
Indian rupee slips to lifetime low on dollar bids as Fed policy …
Dec 18, 2024 · The Indian rupee dropped to a record low on Wednesday, weighed by persistent demand for U.S. dollars from importers and speculators ahead of the Federal Reserve's policy decision.
USD/INR: Indian Rupee Breaching 85 Has Traders Watching New …
6 days ago · The rupee breaching 85 per dollar has traders speculating about the next line in the sand under the new central bank governor.
Why is the Indian rupee falling against the US dollar?
4 days ago · The Indian rupee’s exchange rate against the US dollar has breached the 85 mark. In other words, one would have to pay Rs 85 to buy $1. In April, this “exchange rate” was around 83 and a decade ago, when Prime Minister Narendra Modi took charge, it was around 61. As such, the rupee has been weakening in value relative to the dollar.