Rupee Rises 4 Paise to 94.39 Against U.S. Dollar in Early Trade
Strong FCNR-related dollar inflows and a record $740.803 billion in reserves helped cushion the rupee as Brent crude rose to $97.05 a barrel, traders said.
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7 Articles
Rupee rises 4 paise to 94.39 against U.S. dollar in early trade
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.18, higher by 0.01% on safe-haven demand amid renewed U.S.-Iran tensions.
USD/INR's Contrarian Posture and Why the Rupee's Gains Continue Despite Rising Oil Price
The Indian rupee has stayed under 94.50 against the US dollar for three sessions straight, almost hitting its lowest point since late June. This isn’t just a one-day thing, but it’s part of a broader USD/INR slide that began in late July. The rupee’s appreciation is notable because it’s happening even as crude oil prices, India’s biggest import cost, are climbing. Where the Rupee Is Drawing Its Strength Usually, crude oil prices above $95 a barr…
Rupee Holds Firm Near 94.4 as Dollar Inflows Offset Rising Oil Prices
Mumbai, Sep 7: The Indian rupee remained largely steady against the US dollar in early trade on Monday, supported by strong foreign-currency inflows even as rising crude oil prices and geopolitical tensions continued to put [...]
Indian Rupee Rises 4 Paise to 94.39 Against US Dollar in Early Trade
Noida, Sep 7 (APAC Media): The rupee gained 4 paise to 94.39 against the US dollar in early trade on Monday, supported by foreign currency inflows, though elevated crude oil prices and geopolitical tensions weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 94.40 against the US dollar and touched […] The post Indian Rupee Rises 4 Paise to 94.39 Against US Dollar in Early Trade first appeared on APAC Medi…
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