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Searched Tag: indian rupee

Rupee recovers 6 paise against dollar

June 21, 2024, 05:49 PM - 2 min read

The local unit, however, faced resistance due to strengthening American currency and subdued sentiment in the domestic equity markets, forex traders said.

Traders are closely watching the Reserve Bank of India (RBI) as the Indian rupee is expected to gain ground at the start of trading on Monday, coupled with the maturity of a $5 billion swap, indicating potential liquidity adjustments.

Indian rupee's rise and $5 billion swap maturity put spotlight on RBI

March 11, 2024, 01:00 PM - 2 min read

The rupee's ascent is expected to be bolstered by a predominantly weak dollar. The dollar index stood at 102.70, following a dip to nearly a two-month low on Friday, prompted by a decline in U.S. Treasury yields that diminished demand for the dollar.

Finance Minister Nirmala Sitharaman. Image X.

Finance Minister Sitharaman champions Rupee trade Revolution at JNU lecture

March 1, 2024, 09:32 PM - 2 min read

Finance Minister Nirmala Sitharaman delivered significant insights during the Pandit Hriday Nath Kunzru Memorial Lectures 2024 at JNU, shedding light on India's robust economic fundamentals and the evolving global trade scenario.

The rupee appreciated 13 paise to close at 82.83 (provisional) against the US dollar on Thursday, tracking the weakness of the American currency in the overseas market and positive domestic equities.

Rupee rises 13 paise to close at 82.83 against US dollar

February 22, 2024, 06:48 PM - 2 min read

At the interbank foreign exchange, the local unit opened at 82.94 against the greenback. It hit an intraday high of 82.83 during the day. The domestic unit finally settled at 82.83 (provisional) against the dollar, higher by 13 paise from its previous close of 82.96.

Rupee rises by 1 paise in comparison to dollar

Rupee rises 1 paisa to close at 82.96 against US dollar

February 21, 2024, 04:29 PM - 2 min read

At the interbank foreign exchange, the local unit opened at 82.90 against the greenback. It hit an intra-day high of 82.86 and a low of 82.97.

Rupee recovers 6 paise against dollar

Indian rupee's rise and $5 billion swap maturity put spotlight on RBI

Finance Minister Sitharaman champions Rupee trade Revolution at JNU lecture

Rupee rises 13 paise to close at 82.83 against US dollar

Rupee rises 1 paisa to close at 82.96 against US dollar

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