by Dhara Hariya | Sep 21, 2023 | Forex
In a recent development, the Indian rupee opened slightly weaker against the US dollar on September 21, influenced by broader global trends. Here’s a concise summary: At 9.10 am, the rupee was trading at 83.12 against the dollar, marking a marginal 0.05 percent...
by Dhara Hariya | Sep 20, 2023 | Forex
The Indian rupee saw a positive turn on Wednesday, thanks to likely dollar sales by the Reserve Bank of India (RBI) and a decline in crude oil prices, which helped prevent the currency from reaching a record low. Closing at 83.0725 against the U.S. dollar, the rupee...
by Dhara Hariya | Sep 18, 2023 | Forex
The Indian rupee faced fresh challenges as it closed at a new record low on Monday, despite support from the Reserve Bank of India (RBI), driven by escalating crude oil prices that heightened demand for the U.S. dollar. Closing at 83.2675 against the U.S. dollar,...
by Dhara Hariya | Sep 15, 2023 | Forex
The Indian rupee is expected to open weaker on Friday due to the recent surge in oil prices and the strengthening of the US dollar index. Non-deliverable forwards (NDFs) suggest that the USD/INR pair will likely open at around 83.06-83.08, compared to the previous...
by Dhara Hariya | Sep 13, 2023 | Forex
In a recent trading session, the Indian rupee exhibited slight weakness in line with other Asian currencies. Investors remained cautious due to concerns over oil supply cuts potentially leading to imported inflation and adversely affecting the domestic currency. Key...