Rupee Drops Three Paise At Open Against US Dollar

Rupee likely to remain in Rs 85-87 range against USD in 2025: SBI Report - IndiaPost NewsPaper

NEW DELHI: The Indian rupee is expected to remain stable in the range of Rs 85-87 against the US dollar through 2025, according to a recent report released by the State Bank of India (SBI). The report highlighted several global and domestic factors that are likely to support the rupee and maintain stability in the USD/INR currency pair over the coming months. “We expect the USD/INR pair to stabilize in the range Rs 85-87 for 2025, The domestic i…

Rupee falls 8 paise to 84.38 against US dollar in early trade

Mumbai: The rupee traded in a narrow range in morning trade on Tuesday and fell 8 paise to 84.38 against the US dollar, tracking the rise in the dollar index and fall in Asian currencies, amid growing uncertainty and a cautious recalibration of risk appetite. According to forex traders, the USD/INR pair was supported by an overall decline in crude oil prices and sustained foreign fund inflows while ongoing geopolitical tensions between India and…

Rupee Drops Three Paise At Open Against US Dollar

The Indian rupee depreciated three paise to reach 84.28 against the dollar at the open on Tuesday. The currency had strengthened 11 paise against the US dollar to open at 84.25 on Monday and extended its gain at close as well.The local closed 31 paise stronger at 84.25 against the US dollar on Monday. On Friday, the local legal tender had closed 7 paise weaker at 84.30 to the dollar after reaching a seven-month intraday high of 83.75.Stock Marke…