Indian rupee hits record low of 92.35 against US dollar on surge in crude oil prices amid US-Iran war
The Indian rupee fell 0.3% to 92.3575, eclipsing its previous lifetime low of 92.3475 hit earlier this week. Source
Tag: rupee vs dollar
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Could the West Asia conflict drag Nifty 50 down to 22,000?
Conclusion If tensions escalate and oil stays high, the Nifty could see a further drop towards 23,000-23,500, with 22,000 possible in an extreme scenario. The outcomes at the moment are hard to predict. However, it definitely does not make sense to sell your stocks at these low levels. Source
Rupee vs Dollar: Rupee fell face down as stock market crashed, reached 92.52 against dollar – this is the reason – Market
Global oil benchmark Brent crude was trading 25.68 per cent higher at USD 116.5 per barrel in futures trade as the war between US-Israel and Iran intensified. Forex traders said a sharp surge in FII outflows and a fall in domestic equity markets in morning trade further weighed on the local unit. Source
US-Iran war: Why US Dollar is rising despite soaring crude oil prices? SBI report explains
US-Iran war: The US Dollar Index moved closer to the 100 level on Friday, touching an intraday high of around 99.30, even as global crude oil prices climbed amid ongoing tensions between the United States and Iran, which showed little sign of easing. The index gained 1.3% for the week, marking its strongest weekly rise…
Rupee posts steepest weekly fall in a month, ends near 91 per US dollar
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…
Rupee falls 3 paise to close at 90.64 amid strong US dollar, stock market crash
The rupee consolidated in a narrow range and settled for the day 3 paise lower at 90.64 (provisional) against the US dollar on Friday, tracking the strength of the American currency in the overseas market and a negative trend in domestic equities. Forex traders said the rupee traded in a narrow range with a weakening…
Rupee Vs Dollar: Biggest weekly jump in three years; These are the reasons for strengthening of rupee – Market
Rupee Vs Dollar: Indian today rupee dollar It closed with a fall against, but still it closed with the best weekly rise since 2023. It was hit today by possible dollar outflows and traders trimming long bets, but posted its best weekly gain in more than three years after New Delhi and Washington announced a…
Rupee finds its footing after India-US trade deal, outlook turns less bearish
Mumbai: The Indian rupee staged a sharp relief rally on Tuesday after the announcement of the landmark US-India trade agreement. Market participants believe the deal will stabilize the currency near the 90-per-dollar mark in the near term and slow the pace of depreciation in the next financial year. The rupee opened stronger at 90.4263 per…
India-US trade deal impact: Rupee jumps 1.2% to 90.40 against US dollar. Can it be appreciated further?
USD vs INR: The India Rupee opened 1.2% higher after India-US trade deal finalized on Monday evening. (This is a developing story) Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions. Source
Rupee slips to record low near 92.00 against US dollar. Where is INR headed now?
The Indian rupee hit a record low of near 92.00 against the US dollar in early trade on Thursday amid broad weakness across Asian currencies as the greenback recovered. The Indian rupee opened at a low of 91.99 per US dollar as against its previous close of 91.78 level. Sustained outflows of foreign capital flows…
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