Rupee Rises 8 Paise to 87.50 Against U.S. Dollar in Early Trade
7 Articles
7 Articles
USDINR Rises Again, And Volatility Is About to Spike
The US dollar registered gains against the Indian rupee for the second session in a row on Monday, with the USDINR currency pair closing at 83.61 after gaining nearly 0.2%. The uptick was primarily driven by a blend of importer demand, trade tariff fears and gains by crude oil price. The two currencies have been on a push-pull action in recent days, amid souring trade relations between India and the United States. US President Donald Trump last …
Rupee falls 17 paise to close at 87.75 against US dollar
Mumbai, Aug 11 (PTI) Rupee pared initial gains and settled for the day on a negative note, lower by 17 paise at 87.75 against the US dollar on Monday, as it came under pressure due to continued dollar demand by importers and a rebound in crude oil prices. Forex traders said the rupee pared initial gains on positive crude oil prices, dollar demand from importers and foreign fund outflows. At the interbank foreign exchange, the domestic unit opene…
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