Rupee, dollar
Rupee posts biggest weekly gain in 2024; appreciates 9 paise to 83.56
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 per cent against the dollar during the week.
Rupee vs Dollar: Indian currency logs 10 paise gain to settle at 83.55 against US dollar
The Indian currency has been on a recovery path since September 11 when it had settled at 83.99 against the American currency, a tad higher than the lowest level of 84.09 recorded on August 5.
Rupee logs 13 paise gain to settle at 83.52 against US dollar
The rupee stayed on the upward track for the record seventh straight session and settled 13 paise higher at 83.52 against the US dollar on Friday, as robust domestic equity markets and retreating crude oil prices boosted investors’ sentiment.
Rupee gains 8 paisa against dollar
Pakistani rupee on Friday appreciated by 8 paisa against the US dollar in the interbank trading and closed at Rs 277.83 against the previous day’s closing of Rs 277.91. However, according to the Forex Association of Pakistan (FAP),
Currency Market News: Rupee rises by 9 paise to 83.56 vs dollar
Analysts said the dollar index retreated after the US Federal Reserve reduced the benchmark interest rate by 0.50 per cent, prompting investors to look towards emerging market currencies.
Indian rupee strengthens above 83.50/USD for first time in over two months
The Indian rupee rallied on Friday to climb above 83.50 per U.S. dollar for the first time since late July, boosted by dollar ...
India’s Das Tames Volatile Rupee With $689 Billion Reserves
India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee ...
The Express Tribune1h
Traders anticipate rupee appreciation
The increased supply of US dollars in the interbank market has helped strengthen the local currency, with the rupee ...
Rupee logs best week this year, aided by Fed cut, portfolio inflows
The Indian rupee rose for the fifth straight session on Friday, helped by gains in Asian peers and likely portfolio inflows, ...
Business Recorder3h
Indian rupee higher
Benchmark Indian equity indices, the BSE Sensex and the Nifty 50, rose to record highs on Friday and ended the day up about 1 ...
The Pros and Cons of a Fully Convertible Rupee
As India gains economic power and broadens its foreign investment collaboration, there are pros and cons to making the rupee ...
Rupee to take support on rising odds of large Fed rate cut
The Indian rupee is expected to receive a boost on Monday from the increasing probability that the U.S. Federal Reserve will ...