The FinTech Hub
Source: Live Mint Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it remained under pressure due to elevated crude oil prices and continuous outflow of foreign funds. At the interbank foreign exchange, the rupee opened at 86.57 and touched the intra-day high of 86.45…
Source: Live Mint MUMBAI – The Indian rupee dropped past 86 per U.S. dollar for the first time ever on Monday following a blowout U.S. jobs report that compounded the pressure from weak inflows and higher hedging activity. The rupee declined 0.4% to a lifetime low of 86.3900 per dollar, tracking the weakness in Asian…
Source: Live Mint The Indian rupee slipped to another fresh low of 84.50 against the US dollar in trade on November 22 as the greenback’s steady rise, persistent selling by foreign portfolio investors (FPIs), and escalating geopolitical tensions continued to weigh heavily on the local currency. The US Dollar index, which tracks the dollar’s performance…
