US EditionRupee Falls to All-Time Low Against U.S. Dollar in Early Trade
Foreign investors have withdrawn over $17 billion from Indian stocks this year, intensifying rupee decline amid delayed US-India trade deal expected by March.
- This morning, local equities are on track for a second straight weekly loss as the Indian rupee hit a fresh record low on Thursday.
- India's top economic advisor says the US trade deal could happen by March, while foreign investors have pulled record amounts from local shares this year and founder groups sold shares at multibillion-dollar levels.
- Currency traders say outflows from both stocks and bonds drag markets, while insiders are dumping shares at record levels, signaling stretched valuations despite price struggles.
- ICICI Prudential Asset Management opens its $1.2 billion offering on Friday amid weak local market sentiment and capital outflows, pressuring valuations and capital-raising conditions.
- Despite tariff woes, India is gaining US market share as exporters like Avanti Feeds rise more than 18% this year adapting to global shifts.
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17 Articles
The Siasat Daily
Cryptocurrency News | Cryptocurrency Prices | Market CapRupee falls 17 paise to 90.11 against US dollar in early trade
Mumbai: The rupee depreciated 17 paise to 90.11 against the US dollar in early trade on Thursday as prevailing risk-averse market sentiment, compounded by a high US dollar demand from importers, dented investor sentiments. Forex traders said the rupee is likely to trade with a negative bias on muted domestic markets and sustained foreign fund outflows. Moreover, investors are also awaiting cues from the US-India trade talks, which could boost th…
Rupee vs US Dollar: Indian currency declined to fresh low of 90.58 against USD
Mumbai: Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front. At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fe…
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