"foreign-exchange"

The rupee fell 4 paise to 85.72 against the US dollar in early trade on Monday amid rising Brent crude prices and reduced yield appeal after RBI’s 50 bps rate cut. Traders expect short-term pressure on the currency.

According to forex traders, escalating geopolitical tensions between India and Pakistan have triggered a risk-off sentiment in the market, weighing on the rupee. However, steady foreign fund inflows and stable crude oil prices helped limit the domestic currency’s decline.

The Indian currency, however, capped the fall on the back of some recovery in domestic equity markets and receding crude oil prices overseas

Forex traders said the Indian rupee touched new all-time lows weighed down by negative domestic markets which fell nearly 1.18 per cent.

Forex traders said a rebound in crude oil prices weighed on the rupee, and weak Asian and European currencies may further dampen investor sentiment.

Reserve Bank of India on Thursday announced a review of the regulatory framework for financial benchmark administrators.

At the interbank foreign exchange, the domestic unit opened at 82.29 against the dollar, then fell to 82.35, registering a decline of 10 paise over its last close.

At the interbank foreign exchange, the domestic unit opened weak at 82.00 against the dollar, then fell to 82.01, registering a decline of 6 paise over its last close.

At the interbank foreign exchange, the rupee opened at 82.08 against the dollar. It touched an early high of 82.05 in initial deals.

Forex traders said the upward trend in crude prices and outflow of foreign funds from equities market restricted the gain in the local unit.

Despite a deepening economic crisis, political parties in Pakistan are in no mood to pause their ongoing war

Mumbai: India’s foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India’s (RBI) bulletin weekly statistical supplement. The fall was witnessed after it rose during the week ending July 29 after falling for the four consecutive weeks earlier. The fall in this week has […]

Hyderabad: After raiding the houses of casino organizer Chikkoti Praveen Kumar in Saidabad and his aide Madhava Reddy in Bowenpally, the Enforcement Directorate (ED) on Friday conducted searches at four houses of Kumar’s aides including his relative Sampath in connection with Foreign Exchange Management Act (FEMA) violations. Apart from Sampath’s house, the ED, it is […]

Mumbai: The rupee depreciated 10 paise to 75.22 against the US dollar in opening trade on Monday, tracking the subdued domestic equities and a firm American dollar amid growing concerns over the uncertainty triggered by the Omicron variant.Besides, persistent foreign capital outflows and rising crude prices also weighed on investor sentiments, traders said. At the […]

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent up at 91.96.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading up 0.02 per cent at 92.70.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 92.40.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent up at 92.18.

The dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.05 per cent at 92.45.

Global oil benchmark Brent crude futures fell 0.03 per cent to USD 74.55 per barrel.