archiveRupee slips

Rupee pared most of its initial gains to end 3 paise higher at 85.33 (provisional) against the US dollar on Tuesday, supported by rising risk appetite amid easing trade tensions. However, gains were capped by the impact of rising crude oil prices, a strong US dollar, and profit booking in domestic equities, traders said. At the interbank foreign exchange market, the rupee opened at 84.70 and fluctuated between an intra-day high of 84.62 and a low of 85.48 against the greenback. It ultimately closed the session at 85.33 (provisional), marking...

Rupee traded in a narrow range on Tuesday, slipping 8 paise to 84.38 against the US dollar in early trade amid a stronger dollar index, weakness in Asian currencies, and lingering geopolitical tensions between India and Pakistan. At the interbank foreign exchange, the rupee opened at 84.28 and moved between an early high of 84.26 and a low of 84.38 against the greenback. The domestic currency had closed at 84.30 on Monday, registering a 27 paise gain. Forex traders said that while the USD/INR pair remained under pressure from global...