The rupee strengthened by 10 paise to close at 94.45 against the US dollar on Thursday, supported by easing global crude oil prices, a positive domestic equity market and a marginally weaker US dollar, though foreign fund outflows capped further gains.At the interbank foreign exchange market, the rupee opened at 94.30 against the dollar and…
During the day, it moved between 94.24 and 94.76 before settling at 94.63 The rupee depreciated by 30 paise to close at 94.63 against the US dollar on Monday, weighed down by the strength of the American currency overseas and lingering uncertainty surrounding developments in the Middle East.Forex traders said the domestic currency witnessed volatile…
The rupee surged 67 paise to close at 95.18 against the US dollar on Friday, supported by a sharp fall in global crude oil prices after US President Donald Trump signalled that a deal with Iran could be imminent, PTI reported.A positive trend in domestic equity markets and weakness in the US currency further aided…
Rupee began Friday on a strong note, rising 65 paise to 95.20 against the US dollar in early trade, supported by falling global crude oil prices and indications from US President Donald Trump that a deal with Iran could be reached soon.According to forex traders, the currency also drew support from a weaker US dollar…
Rupee began Tuesday on a stronger note, rising 20 paise against the US dollar in early trade, supported by a easing oil prices and the US dollar index, after the pause in hostilities between the United States and Iran. According to forex traders, the domestic currency opened on a stronger footing after Israel and Iran…
The rupee appreciated by 34 paise to close at 95.26 against the US dollar on Monday, marking its third consecutive session of gains, amid improving global sentiment over a possible peace agreement between the United States and Iran.According to news agency PTI, the rupee strengthened as optimism grew around easing tensions in West Asia and…
Fall of rupee & impact on studying abroad Chennai: The steep fall of Indian rupee against the US dollar, UK’s pound sterling and Euro currencies has increased the cost of studying abroad by 20% for Indian students. This, along with the visa restrictions by the US and Canada, and economic issues in the UK amid…
The rupee fell to a fresh record low on Wednesday as elevated oil prices and rising US Treasury yields weighed on investor sentiment, while concerns over prolonged geopolitical tensions and potential global rate hikes continued to pressure emerging market currencies, Reuters reported.The domestic currency touched an all-time low of 96.96 against the US dollar during…
Gold prices fell by more than 1% on a firmer US dollar and as persistent inflation fears kept interest rate hike expectations and US treasury yields high. Spot gold was down 1.4% at $4,504 per ounce. Prices fell to their lowest level since March 30 earlier in the session. US gold futures for June delivery…
