Forex traders said renewed drone and missile strikes between the U.S. and Iran prompted supply concerns, while elevated crude oil prices and a strong greenback triggered capital outflows.
Forex traders said renewed drone and missile strikes between the U.S. and Iran prompted supply concerns, while elevated crude oil prices and a strong greenback triggered capital outflows.
Indian Rupee declined as the U.S. dollar firmed up, as markets continue to price in one rate hike this year.
The rupee finally closed at 95.23 (provisional), registering a decline of 67 paise from its previous close
Forex traders said the Indian rupee opened higher on an overnight decline in the U.S. dollar following less hawkish comments from Fed Chair Kevin Warsh and a fall in crude oil prices
Forex traders said the rupee slipped to 94.58 against the U.S. dollar, driven by month-end corporate import demand and lingering risk-off sentiment
Forex traders said the rupee opened on a positive note with crude oil prices remaining supportive and foreign inflows improving but a renewed flare-up in geopolitical tensions dented investor sentiment
Forex traders said the rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the West Asia peace deal and a firm dollar pulled it the other way
Forex traders said the rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the West Asia peace deal and a firm dollar pulled it the other way
Forex traders said the USD/INR pair erased the previous trading session’s gains on risk aversion in global markets. Further, a sharp jump in crude oil prices and a rise in the U.S. dollar index dented investor sentiment
At the interbank foreign exchange market, the rupee opened at 95.70 against the U.S. dollar, then touched an intra-day low of 95.85 and a high of 95.59 before closing at 95.83 (provisional), down 7 paise from its previous close
At the interbank foreign exchange market, the rupee opened at 95.70 against the U.S. dollar, then touched an intra-day low of 95.85 and a high of 95.59 before closing at 95.83 (provisional), down 7 paise from its previous close
Forex traders said the U.S. Trade Representative’s action, amid fresh hostilities and stalled talks between the U.S. and Iran, weighed on investor sentiment
Brent crude, the global oil benchmark, was trading lower by 1.66% at $93.40 per barrel in futures trade
At the interbank foreign exchange market, the rupee opened at 94.93 against the U.S. dollar, then touched an intraday high of 94.73 and a low of 95.03 during the day
At the interbank foreign exchange market, the rupee opened at 95.43 against the U.S. dollar, and touched an intra-day high of 95.33 and a low of 95.76 against the American currency
At the interbank foreign exchange market, the rupee opened at 95.43 against the U.S. dollar, and touched an intra-day high of 95.33 and a low of 95.76 against the American currency
Brent oil prices, which had fallen to $98 per barrel amid the U.S.-Iran peace deal, edged higher to around $100 per barrel as investors weighed the prospects for a West Asia peace deal.
The rupee depreciated by 31 paise to 95.67 against the US dollar on Wednesday, influenced by proposed US additional duties on Indian imports due to labor violations. Strong dollar demand, rising crude oil prices, geopolitical tensions, and foreign capital outflows further weakened investor sentiment.
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