Page 7 of Indian rupee

Global uncertainty drives Rupee below key resistance level; USDINR pair predicted to touch 83.50 levels

The Rupee experienced significant depreciation last week, breaking the 83.00 resistance level due to a robust US dollar, rising US…

August 21, 2023 14:33 IST

Set-up for USDINR remains bearish, fears of further rate hikes spook traders; Fed Chair Powell’s speech eyed

Currency markets have begun to price-in tightening liquidity conditions as the rupee caps fourth week of losses.

August 21, 2023 13:36 IST

Rupee could touch 83.5 as dollar witnesses longest winning streak in 15 months

Over the past week, the Rupee faced significant fluctuations, particularly on the NDF front, influenced by a closed currency market…

August 21, 2023 13:22 IST

Rupee below 83 not abnormal; currency fluctuation not exclusive to India: Finance Ministry official

The rupee hit an all-time intra-day low of 83.16 to a US dollar on Thursday and settled at a record…

August 18, 2023 18:29 IST

Rupee rises 7 paise to 83.02 against US dollar

In initial trade the rupee also touched a low of 83.09 against the American currency.

August 18, 2023 10:52 IST

USDINR hovers in the bracket of Rs 83-81.60 after rupee fell last week; dollar to face hurdle near 103 level

RBI kept its policy rates unchanged at 6.5% and sounded hawkish in response to the rising inflationary risk, after which…

August 16, 2023 15:46 IST

Euro, Pound, Yen faced pressure; volatility in rupee to be driven by global factors

According to the decision taken by the RBI, banks will now have to maintain an incremental CRR of 10% as…

August 16, 2023 15:33 IST

Rupee outperforms Asian currencies, dollar; bearish sentiment on dollar moderates

Spot USDINR closed at Rs 82.84 last week, the strongest close since February 27. The pair is expected to find…

August 16, 2023 15:22 IST

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Rupee drops below 83/USD for first time since October 2022

The 10-year U.S. yield rose to 4.18%, while several Asian currencies were down more than 0.5%.

August 14, 2023 09:25 IST

Rupee’s downturn: A result of persistent global risk aversion or just a false alarm?

Finding its way between risk off and risk on sentiments, the rupee continues to remain puzzled!

August 10, 2023 11:02 IST

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Trade settlement in rupee gains pace with neighbouring countries

Biggest export to Bangladesh is cotton yarn whose share is 8.7% followed by petroleum products at 7%. India’s exports to…

August 10, 2023 01:30 IST

Rupee rises 6 paise against US dollar

During intra-day, the local unit touched the peak of 82.80 and hit a low of 82.86 against the greenback.

Updated: August 10, 2023 09:47 IST

Rupee vs dollar, Rupee news, RBI news, Rupee RBI, Rupee and Dollar, Rupee to weaken on dollar rally

Rupee falls 9 paise to close at 82.84 against US dollar

During the session, the local unit touched a peak of 82.78 and hit the lowest level of 82.85.

Updated: August 9, 2023 10:19 IST

Rupee snaps 4-day losing streak, but upside seen limited

There is little to no expectation of the rupee weakening above the 83 level this week, a forex trader with…

August 7, 2023 16:09 IST

Dollar gains more than expected, Euro, Pound under pressure; rupee could face volatility on RBI commentary

India’s fiscal balance number was released and data showed the deficit stood at 25.3% of annual estimates, at Rs 4.51…

August 7, 2023 11:33 IST

Spot USDINR makes second weekly gain in a row; all eyes on RBI monetary policy

Spot USDINR marked its second weekly gain in a row, 0.71%, or 59 paise to Rs 82.84. Spot USDINR has…

August 7, 2023 10:28 IST

Rupee drops, but confidence on RBI largely caps losses

The rupee is now in the “radar zone” that has previously prompted RBI to come in and we reckon RBI…

Updated: August 3, 2023 11:10 IST

Rupee poised for monthly decline, premiums little changed in July

The rupee was at 82.2625 to the dollar by 11:02 IST, down from 82.2475 on Friday. The local currency is…

Updated: July 31, 2023 12:06 IST

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‘We will grow our headcount, but…,’ says Microsoft CEO Satya Nadella

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Microsoft CEO Satya Nadella announced tech giant’s plans to expand the workforce, focusing on AI and operational efficiency. “I will say we will grow our headcount, but the way I look at it is that the headcount we grow will grow with a lot more leverage than the headcount we had pre-AI,” he said. He also stressed the need to adapt to new ways of working as AI becomes central to Microsoft.

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