Rupee rises 10 paise to close at 88.16 against US dollar

Rupee rises 10 paise to close at 88.16 against US dollar

Mumbai: The rupee witnessed range-bound trading and settled higher by 10 paise at 88.16 against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a Fed rate cut. Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit. At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday…

Rupee rises 12 paise to 88.04 against US dollar in early trade

Mumbai: The rupee appreciated 12 paise to 88.04 against the US dollar in early trade on Tuesday as investors are awaiting cues from the US-India trade talks in New Delhi, where American negotiator Brendan Lynch will meet Indian officials on Tuesday. Forex traders said the rupee has faced persistent pressure from uneven flows and US President Donald Trump's tariff shocks. Accordingly, the Reserve Bank of India has stepped up its presence in the o…