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Stock image of US dollars. (Image by Brett Hondow from Pixabay) MUMBAI — The Indian rupee could find some relief on Thursday as most of its Asian peers ticked higher and with the currency near levels at which the central bank had intervened aggressively. The 1-month non-deliverable forward indicated that the rupee INR=IN will open flat-to-slightly higher from its […]
MUMBAI, Dec 13 (Reuters) – The Reserve Bank of India’s intervention on Friday helped the rupee avoid the losses that other Asian currencies had to endure in the wake of higher U.S. yields. The rupee was at 84.8300 to the U.S. dollar at 10:42 a.m. IST, marginally up from 84.8575 in the previous session. Other […]
MUMBAI, Dec 3 (Reuters) – The Indian rupee will likely hit a fresh all-time low at the open on Tuesday, following the offshore Chinese yuan’s dip past a key level to the lowest in over a year. The 1-month non-deliverable forward indicated that the rupee would open at near 84.78 to the U.S. dollar, dropping […]
The rupee settled flat at 84.07 (provisional) against the US dollar on Tuesday, as the support from positive domestic markets and a softening crude oil prices was negated by persistent foreign fund outflows. Forex traders said the rupee is hovering around record low levels as the strong dollar weighed on the local unit, while positive […]