Rupee (INR) Falls as RBI Eases Some Forex Market Restrictions for Banks ...
6 Articles
6 Articles
Rupee Slips Past 93 Mark as Dollar Strengthens and RBI Eases Rules
Typically, a reduction in geopolitical tensions strengthens emerging market currencies like the Indian Rupee. However, the current scenario shows a weakening Rupee despite positive global sentiments, while factors such as rising US bond yields, a strengthening Dollar Index, and profit-booking by Foreign Institutional Investors (FIIs) are cited as primary reasons. This depreciation could lead to costlier imports, even as crude oil prices show sli…
Rupee falls 16 paise to 93.32 against US dollar in early trade
The rupee fell 16 paise to 93.32 against the US dollar in early trade as the American currency strengthened and the Reserve Bank eased speculative betting restrictions. Positive domestic equity markets and foreign fund inflows offered some support, despite West Asia peace agreement uncertainties.
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