Rupee faces challenge as US dollar surges after Fed's large rate cut
WEB1 day ago · The Indian rupee's recovery on Thursday will have to contend with a broadly higher U.S. dollar despite the Federal Reserve delivering a 50-basis-point rate cut. ... the news and media division of ...
Indian firms use currency swaps to lower borrowing costs as Fed …
WEB21 hours ago · Indian firms are opting for cross-currency swaps to convert part of their rupee debt into dollars in an attempt to trim borrowing costs as U.S. interest rates decline, six bankers told Reuters.
Rupee rises to two-month peak boosted by yuan rally, likely inflows
WEB19 hours ago · The Indian rupee hit a two-month high on Thursday, aided by likely portfolio inflows and a rally in the Chinese yuan after the Federal Reserve delivered a 50 basis points interest rate cut.
Rupee: Indian Rupee, Latest News on Rupee, Find out why Rupee …
WEBThe Indian rupee closed higher on Friday after rising to its highest in two weeks, aided by likely intervention from the Reserve Bank of India (RBI) and broad-based interbank dollar sales in the latter half of the session.
US Fed cuts interest rates by 50 bps in a first since 2020: Why it ...
WEB1 day ago · Currency dynamics The influx of foreign capital is also likely to affect the Indian Rupee (INR). As foreign investors convert their currencies into INR for investment purposes, demand for the ...
INR USD: New Red Line for Indian Rupee After Record Lows
WEBAug 9, 2024 · India’s central bank looks to have drawn a new line in the sand for the rupee at the 84-per-dollar level, according to analysts. The Indian currency tested a series of record lows in recent...
Rupee rises to six-week high after Fed rate cut, importer dollar …
WEB1 day ago · The Indian rupee rose to its strongest level in over six weeks on Thursday after the Federal Reserve kicked off policy easing with a 50-basis-point rate cut, but traders expect importer dollar bids to limit the currency's immediate gains. The rupee was at 83.66 against the U.S. dollar as of 10:20 a.m. IST, up 0.1% compared to its close at 83.75 in the previous session.
How India’s Rupee Went From Most to Least Volatile in Asia
WEBJun 26, 2024 · With Indian bonds set to join an important global index this week, the currency’s stability couldn’t have come at a better time, burnishing the appeal of Indian assets for investors.
Indian Rupee Hits Weakest Level Ever Against the Dollar - The …
WEBJul 19, 2022 · The Indian rupee touched the weakest level on record against the dollar on Tuesday, another victim of higher energy prices and a stronger greenback. The rupee has lost about 7 percent of its...
The Indian rupee touched record lows, but not everyone is worried
WEBJul 25, 2022 · The rupee has fallen rapidly to 79.97 a dollar – from 77.64 at the end of May and 74.55 on February 23, a day before Russia invaded Ukraine. It has already tested a record low of 80.0575...