The rupee saw a steep loss of 42 paise to settle at 91.50 (provisional) against the US dollar on Monday after US and Israeli attacks on Iran intensified worldwide risk aversion, setting crude oil prices on fire and demand for the American currency soaring. Massive selling in domestic equity markets and withdrawal of foreign funds…
The Indian rupee slipped on Friday to post its steepest weekly fall in a month as likely portfolio outflows and lingering geopolitical tensions weighed on the currency, pushing it close to the 91-per-dollar mark. The rupee closed at 90.9825 per dollar, down 0.3% on the day and 0.4% for the week. Central bank intervention, including…
The Economic Survey 2026, tabled by Finance Minister Nirmala Sitharaman in the Parliament on Thursday, took cognizance of the weakness in the Indian rupee but remains unperturbed by its decline amid the high tariff world. The Indian rupee breached the 92 per US dollar mark earlier today and settled the day near an all-time low…
While some analysts expect the downtrend from earlier this month to continue, with the Nifty breaking below its crucial 200-day moving average amid persistent foreign portfolio investor selling and a falling rupee, others believe the benchmark is close to bottoming out and could stage a bounce. A potential rollback of punitive US tariffs on Indian…
The Indian rupee hit a fresh record low on Friday, January 23, amid strong demand for the US dollar from corporates and importers. The rupee slipped to 91.99, slipping past the previous record low of 91.7425 hit on Wednesday. Meanwhile, from its last closing price of 91.41, the domestic unit slumped 0.63%. (This is a…
The weakening of the Indian rupee has strengthened the case for global equity investing. And the argument is two-fold: A globally diversified portfolio not only improves the potential for better long-term returns in rupee terms but also helps safeguard purchasing power over time. Indian equities have delivered competitive and sometimes superior returns than their US…
