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[ad_1] Mumbai: The rupee traded in a narrow range and settled on a flat note at 81.92 (provisional) against the US dollar amid rising crude oil prices and foreign fund outflows. At the interbank foreign exchange market, the local unit opened at 81.95 against the US currency and finally closed at 81.92 (provisional) against the greenback,…
[ad_1] Rajkot: Commerce and Industry Minister Piyush Goyal on Saturday expressed hope that traders will soon be able to settle foreign trade in the rupee currency as several banks from different countries are opening special Vostro accounts with Indian banks. The Reserve Bank of India (RBI) has approved 60 requests to open Special Rupee Vostro Accounts…
[ad_1] New Delhi: The rupee consolidated in a narrow range and settled for the day 1 paise higher at 82.11 against the US dollar on Wednesday, as participants remained on the sidelines ahead of the release of the retail inflation data. At the interbank foreign exchange market, the local unit opened at 82.08 against the…
[ad_1] Forex trading is the buying and selling of various currencies with the aim of making a profit. Since it is one of the most prevalent sorts of trading, it attracts a large number of traders from all over the world. One of the key currencies in the foreign exchange market is the Indian rupee,…
[ad_1] Mumbai: The rupee depreciated 11 paise to close at 82.75 against the US currency on Friday, as the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on investor sentiments. Unabated foreign fund outflow also impacted the market sentiments. At the interbank foreign exchange market, the…
[ad_1] New Delhi: The rupee appreciated 12 paise to close at 82.08 against the US currency on Friday, supported by a rebound in domestic equities and easing crude oil prices. However, corporate dollar demand and weak macroeconomic data weighed on investor sentiments and restricted the sharp gain in the rupee, forex traders said. At the…
[ad_1] Karachi: The Pakistani rupee resumed its downwards slide on Thursday after two modest sessions as the “optimism surrounding the government and IMF talks scaled back”, local media reported. The Pakistani rupee depreciated by Rs 2.52 to settle at Rs 271.35 at the close of the day. However, the local currency touched 272.17 against the…
[ad_1] Karachi: Following the rupee’s devaluation in the open and interbank markets, the benchmark index of the Pakistan Stock Exchange (PSX) rallied and gained by more than 1,000 points, as per media reports. Commenting on the development, Arif Habib Limited’s Head of Research, Tahir Abbas, said that the rupee’s steep fall has triggered a positive…