Rupee will need support from central bank amid possible outflows
1 day ago · In the week through Oct. 11 when the rupee weakened past 84 for the first time ever, India's forex reserves fell by $10.75 billion, data released by the central bank showed. The central bank had ...
Rupee slips to record low pressured by decline in Asian peers
Oct 14, 2024 · The rupee , which weakened below the key support level of 84 for the first time on Friday, ended unchanged at 84.06 on Monday after dipping to a record low of 84.0750 earlier in the session ...
Rupee ends at record closing low, pressured by outflows, weak …
4 days ago · The rupee closed at 84.0675 against the dollar, down about 0.1% from its closing level of 83.9950 in the previous session. The currency is just shy of its all-time low of 84.0750 hit on Monday ...
Indian Rupee May Outperform Asia FX as US Poll Brings Volatility
3 days ago · 2:24. The Indian rupee may have been Asia’s worst-performing currency last quarter, but it is poised to be the most resilient to the dollar’s strength ahead of too-close-to-call US elections ...
A New Red Line for India’s Rupee Is Forming as Pressure Mounts
Aug 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.
How India’s Rupee Went From Most to Least Volatile in Asia
Jun 26, 2024 · The Indian rupee has gone from being one of Asia’s most volatile currencies to among its most stable in the span of a decade. The turnaround reflects India’s growing economic heft and the ...
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
The Indian rupee remained steady at 83.962 per US dollar on Tuesday due to likely Reserve Bank of India interventions, despite pressures from rising dollar index, oil prices, and local equity outflows. Risks of breaching the 84/$1 mark are high amid ongoing economic pressures.
Rupee settles at record closing low as equity tax hikes hurt …
Jul 23, 2024 · The Indian rupee slipped to record lows on Tuesday as the government raising tax rates for capital gains from equity investments and on equity derivative trades hurt market sentiment.
Rupee slips to record low, cenbank intervention thwarts sharp fall
3 days ago · The rupee closed at 84.0650 against the U.S. dollar, barely changed from its close of 84.0675 in the previous session. It hit a record low of 84.0775 earlier in the session, inching past its ...
The Indian rupee touched record lows, but not everyone is worried
Jul 25, 2022 · The rupee has fallen rapidly to 79.97 a dollar – from 77.64 at the end of May and 74.55 on February 23, a day before Russia invaded Ukraine.