At the interbank foreign exchange, the rupee opened at 95.69, then rose to 95.65, higher by 9 paise from its previous close
At the interbank foreign exchange, the rupee opened at 95.69, then rose to 95.65, higher by 9 paise from its previous close
Brent crude, the global oil benchmark, was trading higher by 0.16% at $87.21 per barrel in futures trade.
The rupee gained 9 paise to 95.65 against the US dollar in early trade on Friday, supported by the weakening of the American currency in the overseas markets. Forex traders said for India, a softer dollar is being offset by another challenge elevated crude oil prices. Meanwhile, RBI Governor Sanjay Malhotra has indicated that the central bank expects at least USD 80 billion of foreign currency inflows. According to forex traders, while the RBI Governor's statement offered some reassurance, elev…
The rupee gained 2 paise to 95.43 against the US dollar in early trade on Friday, backed by a weaker greenback overseas. The Indian currency, however, remained under pressure due to the withdrawal of foreign funds from domestic equities and rising crude oil prices amid geopolitical uncertainties, forex traders said. At the interbank foreign exchange market, the rupee opened at 95.39 and later slipped to trade at 95.43 against the American currency in early deals, up marginally by 2 paise from i…
The rupee gained two paise against the US dollar in the early market hours, driven by a softening dollar internationally. Nonetheless, the outflow of foreign investments from Indian equities is weighing on the rupee's performance. Compounding this issue, rising crude oil prices linked to geopolitical conflicts further affected market sentiments, resulting in declines for the Sensex and Nifty in morning trading.
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