Indian Rupee News
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Indian rupee weakens against dollar
6 Jul at 9 AM
News Item Link: Indian rupee weakens against dollar
The Indian rupee has fallen for the second consecutive day against the dollar, losing 48 paise to finish the day at 54.97 on heightened demand for the greenback from importers despite strong fund flows into stocks.
Traders said the Indian currency was pressurised all through the session as the dollar gained ground on rivals on hopes that...
Rupee down on oil demand
28 Jun at 9 AM
News Item Link: Rupee down on oil demand
The Indian rupee fell on Wednesday, remaining close to record low levels, as oil importers increased their dollar purchases in the closing stages of the month, while wariness in the build-up to a European Union summit lowered demand for risk currencies.
Investors did not spot any intervention from the Reserve Bank of India (RBI) during the...