In a subtle retreat, the Indian rupee edged lower against the resurgent U.S. dollar, closing at 83.20 per dollar, down 0.031% from the previous day’s close. The greenback regained strength, bolstered by robust U.S. retail sales data and a surge in Treasury yields. The dollar index, measuring the U.S. currency against six major rivals, showed […]
The Indian rupee managed to eke out a modest gain against the resurgent U.S. dollar on Wednesday, thanks to timely intervention by the Reserve Bank of India (RBI). Trading at 83.19 per dollar, the rupee showed resilience, recovering slightly from its previous close of 83.25. During the session, it grazed a low of 83.28, uncomfortably […]
The Indian rupee showcased its most remarkable single-day surge in over two months today, confounding market observers and eliciting a wave of interest. The driving forces behind this surge are attributed to a substantial influx of dollars into the equity markets and strategic sales of the greenback orchestrated by state-run banks. Indian Rupee Jumps to […]
The Indian rupee concluded the week on a positive note, bolstered by the retreat in U.S. Treasury yields and a slight easing in the dollar’s strength. This respite follows a period of concern earlier in the week when fears of prolonged elevated U.S. interest rates had driven the rupee perilously close to an all-time low. […]
The Indian rupee is gearing up for a notable surge as market optimism grows with expectations of a potential pause in interest rate hikes by the US Federal Reserve. Traders and investors are closely monitoring the trajectory of inflation in the United States, as it could influence the Fed’s monetary policy decisions in the near […]
On Friday, the Indian rupee lost a little bit of ground against the US dollar. The currency ended the week practically flat thanks to the Reserve Bank of India’s (RBI) expected intervention, and forward premiums reached their highest level in a month as a result. The rupee fell from 82.7625 to 82.8575 per dollar during […]
The Indian rupee recorded a mild recovery against the dollar through the Asian session on Tuesday after the USD/INR tapped a lifetime high. The goodish bounce came after the central bank intervened in the weakening currency status, and bond yields climbed higher amid an uptick in crude oil prices. At the time of writing, the […]
