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Tag: rupee update

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Indian rupee falls 16 paise to end at 92.01 against US dollar as crude prices rebound

Buzz line1 month ago03 mins

The rupee declined 16 paise to settle at 92.01 (provisional) against the US dollar on Wednesday, weighed down by a sharp rise in global crude oil prices and a stronger greenback as the war in West Asia raged on. FII outflows and weak sentiments in the domestic equity markets further pressured the local unit, according…

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Rupee rebounds from lowest level to settle 45 paise higher at 91.60 against US dollar

Buzz line2 months ago05 mins

The rupee rebounded from its lowest level and settled with a gain of 45 paise at 91.60 (provisional) against US dollar on Thursday on the back of a buying trend in domestic equity markets and reports of Reserve Bank intervention. According to forex analysts, the Reserve Bank seems to have intervened to help the local…

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