The Indian rupee weakened slightly on Friday even as the dollar lingered near a four-month low against its major peers with traders saying that importers' hedging requirements and foreign banks' dollar purchases weighed on the local unit.
The Indian rupee could face downward pressure on Friday on heightened risk aversion stemming from U.S. tariff uncertainty, compounded by its failure to breach a key level.
A rise in the Indian rupee's volatility, coupled with a decline in the cost of protecting against currency weakness has prompted firms to increase longer-tenor hedges to shield their balance sheets. The Reserve Bank of India's (RBI) apparent tolerance for bigger currency swings and uncertainty brought on by U.
The Indian rupee is likely to inch up at open on Thursday, adding to the previous day's advance, spurred by the dollar's decline on worries that growth in the world's largest economy is slowing.
The dollar index, which maps the strength of the dollar relative to a basket of currencies, slid to 103.6. It was just shy of the 110 mark as recently as late January, with safe-haven demand roiling equities across the Emerging Markets,
Rupee gains against US dollar as American currency index drops, crude oil prices ease, and foreign capital exits India.
The Indian rupee strengthened against the US dollar on Friday, gaining 20 paise to settle at 86.92, driven by a decline in the US dollar index and easing crude oil prices. However, volatile domestic equity markets and foreign capital outflows put pressure on the currency.
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Q: What is the Rupee worth against the Dollar? A: One Rupee is worth 0.0115 Dollars today Q: Is the Rupee going up or down against the Dollar? A: Today's exchange rate (0.0115) is the same value ...
The digital rupee can coexist with cryptocurrencies if policies differentiate their respective uses—CBDCs for sovereign monetary use and private tokens for innovation-based use.
The rupee had settled 6 paise lower at 87.12 against the US dollar on Thursday, snapping its three-session rally. It had gained 31 paise in the preceding three consecutive sessions.
Q: What is the Dollar worth against the Rupee? A: One Dollar is worth 87.1493 Rupees today Q: Is the Dollar going up or down against the Rupee? A: Today's exchange rate (87.1493) is higher ...
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