Responding to the expectations of slowdown in US Federal Reserve rate hikes, and slow wage growth data, the Indian rupee attained its one-month high against the US dollar on Tuesday. The rupee rose to 82.2225 to the dollar by 10:20 a.m. IST, up from 82.36 in the previous session. AtRead More →
The dollar held near an almost one-month high on Friday, after U.S. economic data highlighted a still-tight labour market that could keep the Federal Reserve on its aggressive rate hike path. The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffsRead More →
Indian rupee emerged as Asia’s worst performing currency in 2022 depreciating around 11.5% against the US Dollar on strength in the greenback and capital outflows by foreign investors. FIIs pulled out around ₹2.75 lakh crores this year. Dollar has strengthened amid Russia-Ukraine conflict, global slowdown and global inflation concerns whichRead More →
Economists have expressed surprise at the rupee’s underperformance this month, even as the global environment remains positive for the domestic currency. Reversing the gains made last month, the rupee depreciated by 1.2% in December and the volatility in the exchange rate also increased, experts noted. “The rupee’s underperformance in DecemberRead More →
The rupee tanked 84 paise to close at its lifetime low of 77.01 (provisional) against the U.S. dollar on March 7 as intensifying geopolitical risks due to the Russia-Ukraine conflict pushed investors to safe haven assets. Forex traders said escalating tensions between Russia and Ukraine kept crude oil prices atRead More →
