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 Indian rupee gained over 40 paise against the US dollar on Monday, February 2, following a possible intervention by the Reserve Bank of India (RBI) to shore up the domestic unit. The forex market opened for trading after a two-day weekend holiday during which the Union Budget, presented by the Finance Minister in the…
The Indian rupee closed modestly weaker on Tuesday, weighed down by a fall in local stocks and regional currencies, while likely intervention by the central bank limited the currency’s decline. The rupee settled at 90.19 per dollar, marginally weaker than its close at 90.1625 in the previous session. Asian currencies slipped between 0.1% to 0.8%…
