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Rupee hits record low against US dollar, weakens past 83.58

At the interbank foreign exchange market, the local unit opened at 83.43 and lost further to 83.48 against the greenback.

At the interbank foreign exchange market, the local unit opened at 83.43 and lost further to 83.48 against the greenback.
Published on Jun 20, 2024 02:34 PM IST
PTI |

India’s foreign exchange reserves rise to new record after elections

The rupee weakened this week, like other emerging markets currencies, closing at 83.5612 a dollar on Friday.

Representational
Published on Jun 15, 2024 05:02 PM IST
Bloomberg |

Rupee's stability & cost makes it attractive for carry trade, Bank of America

The Indian rupee is stable and inexpensive compared to its emerging market peers

Foreign exchange (Representational)
Published on Jun 10, 2024 05:00 PM IST
By | Edited by Abhyjith K. Ashokan

Fitch sees Indian rupee rebounding to 82 per dollar. Here's why

The rupee is expected to appreciate to 82 per dollar by the year-end, from about 83.50 currently, Jeremy Zook, a director at Fitch in Hong Kong, said.

The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain.
Published on May 08, 2024 01:07 PM IST
Bloomberg |

Rupee falls to a record low of 83.51 against US dollar

Forex traders said a negative trend in domestic equities and sustained foreign fund outflows also dented investor sentiments.

On Monday, the rupee declined 6 paise to settle at 83.44 against the US dollar.
Published on Apr 16, 2024 10:08 AM IST
PTI |
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