Mumbai: The Indian rupee showcased its resilience in the foreign exchange market, surging against the US dollar in early trade on July 7, 2023. The currency’s upward trajectory indicates a positive sentiment among investors, bolstered by robust economic indicators and favorable domestic factors.
Starting the day on a strong note, the rupee opened at ₹73.50 against the dollar, marking a…
Global factors and market sentiments impact the Indian currency, pushing it to a lower value
In a volatile start to the trading day, the Indian rupee experienced a decline of 20 paise against the US dollar, settling at INR 82.45. The currency’s performance, largely influenced by global economic conditions and market sentiments, sheds light on the prevailing challenges faced by India’s…
On Monday, the Indian rupee rose 8 paise to 81.70 against the US dollar in early trade, tracking the weakness of the American currency in the overseas market. Forex traders mentioned that significant foreign fund inflows and crude oil prices below USD 75 a barrel also supported the local unit. The domestic unit opened strong at 81.76 against the dollar and then climbed to 81.70, marking a rise of…
On Tuesday, the rupee was seen trading in a limited range against the US dollar in the morning session. The American currency appeared to be weak while domestic equities showed a muted trend. Foreign fund outflows further weighed on the local unit, according to forex traders.
The rupee began trading at 81.95 against the dollar at the interbank foreign exchange, and touched a high of 81.86 in the…