Currencies News

The Indian rupee opened 25 paise stronger at 95.14 per U.S. dollar on Monday, compared with Friday’s closing level of 95.39. The domestic currency benefited from lower international crude price levels and a softer U.S. dollar, while expectations of

The Indian rupee’s recent decline is being driven by global developments and should not be interpreted as a sign of domestic economic weakness, Reserve Bank of India Governor Sanjay Malhotra said. In an interview with The Hindu BusinessLine, he sai

The Indian rupee opened stronger against the U.S. dollar on Tuesday, July 28, gaining 14 paise in early trade as easing crude price levels and recent intervention by the Reserve Bank of India (RBI) helped support the domestic currency. Invest i

The Indian rupee began Wednesday’s trade on a weaker note against the U.S. dollar, giving up part of the previous session’s gains as higher crude price levels and a firm U.S. dollar index pressured the domestic currency. Market participants are a

The Reserve Bank of India sold U.S. dollars in both offshore and onshore markets to support the rupee, according to people familiar with the transactions. The currency fell as much as 0.2% to 96.4575 against the U.S. dollar, moving closer to its reco

The Indian rupee opened 12 paise lower at 96.40 against the U.S. dollar on July 20, as a sharp rise in crude oil prices and renewed geopolitical concerns weighed on the domestic currency. The rupee has fallen 1.7% so far in July and is approaching

India is likely to see significant foreign currency inflows from the RBI measures that have been announced. The overall move will be fuelled by the FCNR(B) deposits, while other measures will be OBC and ECAs. The measures seek to enhance foreign e

The Indian rupee opened 3 paise higher at ₹96.17 against the U.S. dollar on Wednesday, July 15, supported by softer-than-expected U.S. inflation data. Despite this, the local currency faced selling pressure due to the high crude oil prices and the

The Indian rupee opened at 95.55 against the U.S. dollar on Thursday, July 9, matching its previous opening level as investors assessed the impact of higher global oil prices and renewed geopolitical tensions in the Middle East. The domestic curre

The Indian rupee strengthened at the opening on Tuesday, July 7, tracking gains in several Asian currencies and a weaker U.S. dollar. The domestic currency opened at 95.33 against the U.S. dollar, improving from its previous close of 95.40. The ea

The Indian rupee began Monday’s session on a flat note, opening at 95.23 against the U.S. dollar compared with Friday’s closing level of 95.22. The domestic currency showed little movement in early trade as global currency markets remained broadl

The Indian rupee appreciated by 18 paise against the U.S. dollar at the opening on Friday, supported by broad-based weakness in the U.S. currency following weaker-than-expected U.S. employment data. The domestic currency opened at 95.21 against the U