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
The Indian rupee ended nearly flat on Wednesday as dollar demand spurred by maturing contracts in the non-deliverable forwards market blunted positive impulses from modest inflows and gains in Asian peers. Despite expectations of elevated dollar demand related to NDF maturities this week, appetite to wager against the currency has also dulled due to expectations…
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…
