The FinTech Hub
Source: Live Mint The Indian rupee closed lower to halt a nine-day winning run on Tuesday as importers stepped in to hedge liabilities at favourable levels, dollar inflows moderated and the local currency’s regional peers slipped. The rupee ended at 85.7550 against the U.S. dollar, down 0.14% on the day. It had risen to a…
Source: Live Mint The Indian rupee witnessed a sharp surge on Tuesday, rallying the most in over two years against the US dollar, aided by the central bank’s heavy-handed intervention. According to a Reuters report, the jump in the domestic currency also triggered stop losses for speculators betting against the currency. The Reserve Bank of…
Source: Live Mint Indian rupee depreciated to a record low on Monday, following weakness in Asian peers, weighed down by elevated crude oil prices and strong US dollar. The local currency dipped to a lifetime low of 84.0725 to the US dollar, inching past the prior low of 84.07 hit on Friday. The rupee opened…
Source: Live Mint INR vs USD: The Indian rupee has remained range-bound despite a weakening US dollar and favourable global factors, including declining crude oil prices and strong foreign institutional inflows (FII) into the Indian stock market. The US dollar index slipped to multi-month lows of around 101 level from a three-month high of 106.00,…
