The Indian rupee weakened by 17 paise to 95.35 against the US dollar in early trading on Monday, pressured by the strengthening American currency in global markets amid robust US economic data and ongoing geopolitical tensions. Forex traders said rising crude oil prices also weighed on investor sentiment. Brent crude prices climbed after Iran launched Read More…
Mumbai: The Indian rupee closed marginally stronger on Thursday, gaining 3 paise to settle at 92.51 against the US dollar, supported by weakness in the American currency even as geopolitical tensions kept market sentiment cautious. At the interbank foreign exchange market, the rupee opened at 92.63 and later touched an intraday low of 92.92 against Read More…
The Indian rupee plunged to a record low, closing at 87.4650 against the US dollar on Wednesday, marking a 0.4% decline in a single day. The sharp depreciation is driven by growing expectations of an imminent interest rate cut by the Reserve Bank of India (RBI) and the triggering of stop-loss orders in the forex Read More…