The rupee remained volatile in early trade amid easing crude oil prices and sharp intraday recovery, but uncertainty over the India-US trade deal and sustained foreign fund outflows kept pressure on the currency despite supportive domestic equity market cues
The rupee fell 9 paise to a record low of 90.58 against the US dollar amid uncertainty over an India US trade deal and sustained foreign fund outflows. Weak equities and cautious investor sentiment added pressure on the domestic currency
Mumbai: The rupee inched 4 paise higher to close at 77.54 (provisional) against the US dollar on Monday, supported by positive domestic equities and a weak American currency overseas. Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices and persistent FII outflows weighed on the local unit. At the […]
Hyderabad: The Reserve Bank of India (RBI) has restored the pre-pandemic trading timings in RBI-regulated markets, which includes the money market. With this, banks will now open at 9:00 am. Even financial markets regulated by RBI such as the forex market have a new set of timings to abide by. The RBI notification said, “With […]
At the interbank forex market, the domestic unit witnessed a highly volatile trading session. It opened at 73.45, pared the gains and finally closed at 73.81 against the greenback.
On the domestic equity market front, the BSE benchmark Sensex was trading 160.58 points higher at 39,888.99, and the broader NSE Nifty rose 45.75 points to 11,726.10.
