Today The Indian rupee dropped 82 paise to 74.50 against US dollar in opening trade after the WHO World Health Organization declared the new coronavirus (COVID-19) a pandemic. Forex traders said market participants turned jittery amid mounting fears of a coronavirus-led economic slowdown. Weak opening in domestic equities and foreign fund outflows too dragged the […]
The rupee opened on a weak note and declined 12 paise to 69.48 against the US dollar in opening trade Wednesday, amid simmering geopolitical tensions in the Middle East and higher crude oil prices. The rupee opened weak at 69.40 at the interbank forex market and then fell further to 69.48, down 12 paise over […]
The rupee rebounded from a 3-week low against the American currency and ended higher by 7 paise at 64.52 following fresh bouts of dollar selling amid weak undertone overseas. Robust capital inflows into the equities and debt predominantly supported the domestic currency even as forex market continues to price in a rate rise by the […]
