archiveRupee Vs Dollar

The dollar index, which measures the strength of the dollar against a basket of six currencies, fell 0.20 per cent to 97.98. The Iran-Israel war has become the centre of attention of the world currently because of which the prices of crude oil and gold ae increasing tremendously. Amid this, a new war has started in Asia once again. This is the currency war. India's currency rupee gained after falling against the US dollar on Monday.  With the ongoing conflict, prices of crude oil and gold are set to...

The dollar index, which measures the strength of the dollar against a basket of six currencies, fell 0.20 per cent to 97.98. The Iran-Israel war has become the centre of attention of the world currently because of which the prices of crude oil and gold ae increasing tremendously. Amid this, a new war has started in Asia once again. This is the currency war. India's currency rupee gained after falling against the US dollar on Monday.  With the ongoing conflict, prices of crude oil and gold are set to...

Rupee saw a modest gain in early trade on Tuesday, rising 11 paise to settle at 85.93 against the US dollar. This happened even as domestic markets opened weak, global crude prices surged, and the dollar strengthened—factors that usually drag the rupee down. At the interbank foreign exchange market, the local currency opened at 85.96 against the dollar and gained further to 85.93, marking an 11 paise rise from Monday’s close of 86.04. RBI Intervention seen as key support level Experts say the Reserve Bank of India (RBI) is likely...

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...

  Rupee weakened by 10 paise to close at 85.48 (provisional) against the US dollar on Thursday, pressured by a strengthening dollar overseas and a rise in global crude oil prices. Forex traders noted that gains in the domestic equity markets and foreign capital inflows helped limit the local currency's fall. At the interbank foreign exchange market, the rupee opened at 85.56 and traded between an intra-day low of 85.62 and a high of 85.40 before settling at 85.48, marking a 10 paise decline from Wednesday’s close of 85.38. Anuj...

The Indian rupee opened stronger at 85.05 per US dollar on Monday (May 26), extending gains from Friday (May 23) amid broad weakness in the dollar and firm domestic equities.The currency began the session at 85.02 and briefly touched 84.85 in early trade, supported by the dollar’s slide and a rally in Asian currencies, especially the Chinese yuan which hit a seven-month high.What’s driving the rupee? The dollar index slipped 0.34% to 98.67, weighed down by global fiscal concerns and softer US trade rhetoric.Asian currencies gained across the board. The...

Rupee depreciated by 37 paise to close at 85.96 (provisional) against the US dollar on Thursday, pressured by strong dollar demand from importers and foreign banks, along with a surge in crude oil prices. Forex traders highlighted that surging US bond yields are unsettling global investors. "Moreover, the narrowing yield differential between India and the US is making Indian assets less attractive," they noted. Elevated crude oil prices, driven by rising geopolitical tensions in the Middle East, further dampened investor sentiment. At the interbank foreign exchange market, the rupee opened...

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,...

Rupee appreciated by 74 paise to 84.62 against the US dollar in early trade on Tuesday, buoyed by easing geopolitical tensions and optimism from the US-China tariff truce. Forex dealers attributed the rally to renewed foreign investor confidence in Indian assets, following positive developments on both regional and global fronts. “The easing of cross-border tension between India and Pakistan, along with the recent US-China trade deal, has improved market sentiment,” a dealer noted. On Saturday, India and Pakistan agreed to cease all hostilities across land, air and sea borders with...

The Indian rupee extended its fall on Friday, declining by 30 paise against the US dollar, as intensifying geopolitical tensions between India and Pakistan sparked risk-off sentiment in the market. Increased demand for the US dollar also dented investor sentiments.Rupee depreciated 30 paise to open at 85.88 against the greenback on Friday. The local currency saw its steepest single-day fall in more than two-and-a-half years in the previous session and settled 81 paise lower at 85.58 against the US dollar on.The India-Pakistan conflict, stronger dollar, rise in crude oil prices...