Articles
Rupee hits new all-time low of 85.80 in mid-session amid rising FII outflows
The Indian rupee reached a record low of 85.80 against the US dollar during mid-session on December 27, 2024, driven by rising US bond yields, foreign institutional investor (FII) outflows, and increasing crude oil prices
27 December,2024 01:49 PM IST | Mumbai
Rupee falls to 85.16, hitting a new all-time low against the US dollar
The rupee fell to a record low of 85.16 against the US dollar, driven by capital outflows, a stronger dollar, and rising crude oil prices. Despite positive domestic equity trends, the rupee's decline continues
24 December,2024 09:32 AM IST | Mumbai
Sensex drops by 214 points and Nifty slips by 63.8 points in early trade
The Indian stock markets experienced a decline in early trade on Friday, with the BSE Sensex falling by 214 points and Nifty dipping by 63.8 points, driven by continued foreign fund outflows and concerns over US Federal Reserve policies.
20 December,2024 10:11 AM IST | Mumbai
India’s edible oil imports jump 39% in November due to sunflower, soyabean surge
India’s edible oil imports surged by 39% in November 2024, driven by a sharp rise in the import of crude sunflower and soyabean oils, according to industry data released by the Solvent Extractors' Association of India (SEA).
12 December,2024 01:48 PM IST | New Delhi
Rupee falls by 2 paise to 84.85 against the dollar in early trade
The Indian rupee slipped by 2 paise to 84.85 against the US dollar due to foreign fund outflows, rising crude oil prices, and a higher dollar index. The domestic currency's decline comes ahead of key inflation data.
12 December,2024 09:41 AM IST | Mumbai
Rupee gains 4 paise to 84.71 against US dollar amid positive equity market cues
The Indian rupee rose by 4 paise to 84.71 against the US dollar in early trade on Thursday, supported by positive domestic equities, despite the strength of the US dollar and rising crude oil prices
05 December,2024 10:11 AM IST | Mumbai
Rupee crashes 13 paise to settle at record low of 84.60 against US dollar
Forex traders said the dollar demand from importers for meeting month-end payment obligations weighed on the rupee, while the GDP data released by the government later in the day adversely impacted the currency market, toppling the local unit to its record low
29 November,2024 09:23 PM IST | Mumbai | mid-day online correspondent
Rupee strengthens by 6 paise to 84.35 against the US dollar in early trade
The rupee appreciated 6 paise to 84.35 against the US dollar on Monday, bolstered by a strong trend in domestic equities. Analysts caution that elevated crude oil prices and a firm Dollar Index may impact long-term performance.
25 November,2024 10:13 AM IST | Mumbai
Rupee appreciates by 8 paise to 84.38 against US dollar in early trade
The rupee recovered from its all-time low, appreciating by 8 paise to 84.38 against the US dollar in Monday’s early trade, supported by lower crude oil prices
18 November,2024 09:48 AM IST | Mumbai
Continuous sell-off by foreign investors may pressure India's balance of payment
A report by DSP Asset Managers warns that a combined sell-off by foreign investors and rising crude oil prices could put significant pressure on India's Balance of Payments, which may lead to economic instability.
12 November,2024 10:32 AM IST | New Delhi