Rupee rises to two-month peak boosted by yuan rally, likely inflows
WEB8 hours ago · The Indian rupee hit a two-month high on Thursday, aided by likely portfolio inflows and a rally in the Chinese yuan after the Federal Reserve delivered a 50 basis points interest rate cut.
Rupee faces challenge as US dollar surges after Fed's large rate cut
WEB15 hours ago · The Indian rupee's recovery on Thursday will have to contend with a broadly higher U.S. dollar despite the Federal Reserve delivering a 50-basis-point rate cut. ... the news and media division of ...
Indian firms use currency swaps to lower borrowing costs as Fed …
WEB9 hours ago · Indian firms are opting for cross-currency swaps to convert part of their rupee debt into dollars in an attempt to trim borrowing costs as U.S. interest rates decline, six bankers told Reuters.
Rupee Rises 6 Paise to 83.70 Against US Dollar - Rediff.com
WEB14 hours ago · By Rediff Money Desk, Mumbai Sep 19, 2024 09:42. The Indian rupee strengthened against the US dollar in early trade on Thursday, driven by positive investor sentiment following the US Fed's interest rate cut and lower crude oil prices. Mumbai, Sep 19 (PTI) The rupee rose 6 paise to 83.70 against the US …
Rupee rises to six-week high after Fed rate cut, importer dollar …
WEB13 hours ago · The Indian rupee rose to its strongest level in over six weeks on Thursday after the Federal Reserve kicked off policy easing with a 50-basis-point rate cut, but traders expect importer dollar bids to limit the currency's immediate gains. The rupee was at 83.66 against the U.S. dollar as of 10:20 a.m. IST, up 0.1% compared to its close at 83.75 in the previous session.
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
WEBGet the latest updates on the Indian rupee's performance, factors affecting its value, and market trends. Read news articles, opinions, and insights on the rupee's movements against the US dollar and other currencies.
INR USD: New Red Line for Indian Rupee After Record Lows
WEBAug 9, 2024 · India’s central bank looks to have drawn a new line in the sand for the rupee at the 84-per-dollar level, according to analysts. The Indian currency tested a series of record lows in recent...
How India’s Rupee Went From Most to Least Volatile in Asia
WEBJun 26, 2024 · With Indian bonds set to join an important global index this week, the currency’s stability couldn’t have come at a better time, burnishing the appeal of Indian assets for investors.
Explained: How the RBI is internationalising the rupee? - ET BFSI
WEB1 day ago · The RBI views the internationalisation of the rupee as a long-term process, with a timeline extending beyond 2035. This is because many structural changes need to take place for the rupee to gain wide acceptance globally. These include increasing India’s role in global trade, further liberalising the foreign exchange market, and continuing to ...
Indian Rupee Hits Weakest Level Ever Against the Dollar - The …
WEBJul 19, 2022 · The Indian rupee touched the weakest level on record against the dollar on Tuesday, another victim of higher energy prices and a stronger greenback. The rupee has lost about 7 percent of its...