The rupee depreciated by 5 paise to close at Rs 94.56 against the US dollar, weighed down by a stronger greenback and risk-off sentiment. Stable crude oil prices and expected central bank intervention helped limit losses during the trading session
The rupee closed 9 paise lower at 94.54 against the US dollar on Monday after renewed geopolitical tensions between the US and Iran dampened investor sentiment. Despite supportive crude oil prices and foreign inflows, the domestic currency ended the day weaker
The Indian rupee appreciated for the third consecutive session, closing at 94.53 against the US dollar, supported by easing geopolitical tensions, falling crude oil prices, and softer dollar index. Equity inflows and positive global sentiment further strengthened the currency outlook
The rupee appreciated 20 paise to 89.69 against the US dollar ahead of the RBI’s policy decision, though pressure persists from FII selling, crude prices and trade-deal delays. Markets await possible rate-cut signals as inflation eases and growth strengthens
Forex traders expect the USD/INR pair to stay within a narrow range due to balanced dollar demand from foreign investors and oil companies, matched by supply from the Reserve Bank of India (RBI).
