Rupee drops to record low on RBI rate cut bets, stop losses
The Indian rupee weakened to a record low on Wednesday as a sharp decline in the afternoon triggered stop losses amid a prevailing bearish bias on the currency and as traders positioned for a ...
RBI Policy: What should be investors’ strategy in stock, bond, and currency markets ahead of MPC's repo rate decision?
RBI to cut the benchmark repo rate by 25 basis points (bps) to 6.25%. It will be the first RBI policy under the new Governor ...
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Rupee hits record low of 87.4 against US dollar amid sustained dollar strength, trade war jitters
Earlier in the day, the Indian currency opened at 87.12 vs the greenback against Tuesday’s close of 87.07 vs dollar. The ...
USD/INR maintains position above 87.00 after HSBC PMI data release
USD/INR continues its upward momentum for the fourth consecutive day, trading around 87.10 during Wednesday’s Asian session.
Rupee falls 9 paise to 87.16 against US dollar in early trade
Forex traders said the rupee is trading with a negative bias over global trade war as market participants mulled the impact ...
Weaker dollar, dip in US yields of no help to rupee
The Indian rupee is likely to decline at open on Wednesday weighed by the currency's weakness in the non-deliverable forward ...
Rupee recovers from all-time low amid dollar index correction
The dollar index was at 108.52, versus 109.8 on Monday. The appreciation in the local currency comes after the rupee closed a ...