archiveinr usd

The rupee rose 8 paise to 85.58 against the US dollar in early trade on Tuesday (June 10) amid a positive opening in the domestic equity markets and robust foreign capital inflows.However, rising global crude oil prices and a strengthening US dollar against overseas currencies capped sharp gains in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.62 against the greenback before rising further to 85.58, higher by 8 paise against its previous close. The local unit appreciated 2 paise to close...

The US dollar continues its downward slide, and in turn, currencies in Asia have surged to near a seven-month high. There are at least two reasons for the dollar's descent.First, the likelihood of US President reaching trade deals with multiple countries he's imposed tariffs on has raised the risk appetite in the market for other currencies considered less safe than the greenback. At the same time, the slump in the US economy has increased the odds of interest rate cuts by the US Fed. Will these trends continue? If yes,...

Over the last seven trading sessions, the rupee has appreciated by 154 paise, placing it at the top of the performance chart among Asian currencies for the month. Meanwhile, benchmark stock indices have seen their longest winning streak since September 2024read moreIndian investors and forex traders have recently had a couple of reasons to celebrate. It appears that the financial markets in the country are in comeback mode.The Indian rupee is finally limping back up against the US dollar. The stock market, having taken several hits in the past few...