Rupee logs best week this year, aided by Fed cut, portfolio inflows
WEB1 day ago · The rupee closed at 83.5625 against the U.S. dollar, up from its close at 83.68 in the previous session. The Indian currency jumped to an more than two-month high of 83.4850 earlier in the session ...
Rupee faces resistance on dollar buying by state-run banks
WEB4 days ago · The Indian rupee faced resistance on Tuesday following a rise driven by the U.S. dollar's struggles a day ahead of the Federal Reserve's highly anticipated interest rate decision. ... the news and ...
Rupee rises to two-month peak boosted by yuan rally, likely inflows
WEB3 days ago · The Indian rupee hit a two-month high on Thursday, aided by likely portfolio inflows and a rally in the Chinese yuan after the Federal Reserve delivered a 50 basis points interest rate cut. Asian ...
Rupee posts biggest weekly gain in 2024; appreciates 9 paise to …
WEB1 day ago · The Indian rupee on Friday strengthened further against the US dollar to appreciate up to Rs 83.48 per dollar during the day, before settling at 83.57 per dollar—a two-month high. The local currency witnessed its highest weekly gain in the current calendar year. The domestic unit appreciated by 0.4 …
India’s Das Tames Volatile Rupee With $689 Billion Reserves
WEB2 days ago · Thu, Sep 19, 2024, 9:19 PM5 min read. 0. (Bloomberg) -- India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing it ...
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
WEBThe Indian rupee closed higher on Friday after rising to its highest in two weeks, aided by likely intervention from the Reserve Bank of India (RBI) and broad-based interbank dollar sales in the latter half of the session.
Rare balancing act: How RBI chief Shaktikanta Das tamed volatile rupee …
WEB1 day ago · Reserve Bank of India chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing it to drift lower to aid Prime Minister Narendra Modi’s export ambitions. The RBI’s foreign-exchange reserves have swelled to almost $700 billion in a move reminiscent of China’s accumulation two …
INR USD: New Red Line for Indian Rupee After Record Lows
WEBAug 9, 2024 · India’s central bank looks to have drawn a new line in the sand for the rupee at the 84-per-dollar level, according to analysts. The Indian currency tested a series of record lows in recent...
Rupee logs 10 paise gain to settle at 83.55 against U.S. dollar
WEB1 day ago · Rupee logs 10 paise gain to settle at 83.55 against U.S. dollar At the interbank foreign exchange market, the Indian currency opened at 83.63 and hit the intra-day high of 83.48 against the greenback
How India’s Rupee Went From Most to Least Volatile in Asia
WEBJun 26, 2024 · With Indian bonds set to join an important global index this week, the currency’s stability couldn’t have come at a better time, burnishing the appeal of Indian assets for investors.