Rupee Ends Stronger Against Dollar

New Delhi: The Indian rupee has gained on expectations of a weak US dollar index (DXY) and strong foreign portfolio investment (FPI) inflows, which are likely to be supported in the coming days, said a report by Union Bank of India (UBI). These factors could support the rupee amid global uncertainties and volatile oil prices. The report said that the rupee will be supported by a weak DXY and expected strong FPI inflows. The Indian rupee is stabi…

Rupee to gain support from a weaker Dollar Index and strong FPI inflows: Report - IndiaPost NewsPaper

NEW DELHI: Buoyed by a weaker US dollar index (DXY) and expectations of strong foreign portfolio investment (FPI) inflows, the Indian rupee is likely to get support in the coming days, says a report by Union Bank of India (UBI). These factors could provide a cushion for the rupee amid global uncertainties and volatile oil prices. “Rupee to gain support from a weaker DXY and anticipated strong FPI inflows,” the report added. The report observes t…

Rupee to open nearly flat, holds upper hand as dollar remains vulnerable

Source: Live Mint MUMBAI (Reuters) -The Indian rupee is expected to open nearly unchanged on Tuesday but traders reckon that the currency will trade with an upward bias in the near term as concerns about U.S. trade and fiscal policies continue to cast a shadow on the greenback. The 1-month non-deliverable forward indicated an open in the 85.07-85.10 range, versus 85.0850 in the previous session. The rupee climbed to a two-week high of 84.79 o…

Rupee rises 35 paise against US dollar

Mumbai, May 26 (PTI) Rising for the second straight session, the rupee jumped 35 paise to close at 85.10 against the US dollar on Monday, buoyed by a positive trend in domestic equity markets and a weak American currency overseas.According to forex traders, the inflow of foreign funds and the RBI's announcement of giving a record dividend of Rs 2.69 lakh crore to the government for FY25 added strength to the local currency even as a slight recov…

Ringgit closes higher v greenback amid sudden US trade policy shifts

KUALA LUMPUR, May 26 — The ringgit continued its upward momentum to close higher against the United States dollar today as sudden shifts in US trade policies and growing concerns over the US fiscal policy pushed the US dollar index lower. At 6pm, the local note rose to 4.2155/2220 versus the US dollar from Friday’s close of 4.2285/2345. Meanwhile, US President Donald Trump’s decision to postpone the planned 50 per cent tariffs on European Union …

Rupee Ends Stronger Against Dollar

The Indian rupee strengthened by 12 paise to close at 85.1 against the US dollar on Monday amid various global and domestic economic factors influencing the currency markets.The domestic currency opened 17 paise stronger at 85.05 against the US dollar amid a weaker US dollar and in line with other Asian currencies.The dollar index is facing pressure after US President Donald Trump gave the European Union an extension for the tariffs until July 9…