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10 Articles
Indian Currency: Foreign exchange traders say month-end demand for dollars from importers and withdrawal of foreign capital also put heavy pressure on the local currency.
INR vs USD: Rupee Falls 52 Paise to 87.43 Against Dollar: What’s Behind the Decline?
Amid uncertainty over the India-US trade agreement, the rupee on Wednesday fell by 52 paise to close at 87.43 (provisional) per dollar. Forex traders said month-end dollar demand from importers and continued foreign capital outflows also put pressure on the local currency. The rupee opened at 87.10 against the dollar in the interbank foreign exchange market. During trading, it reached a low of 87.05 against the dollar. Finally it closed at 87.43…
ASIA.— Asian currencies fell to their lowest level in two months, pressured by the strength of the dollar and uncertainty surrounding US tariff negotiations with several countries. Bloomberg Asia Dollar Index retreated to 0.2% in the first operations, reaching its lowest level since May 19. The Philippine peso led the falls, because high oil prices increased concerns about the country’s crude import bill. Indian rupee remained close to historica…
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