The Indian rupee surged to a near one-month high on Monday as crude oil prices fell by up to 7 per cent to below the $80-a-barrel mark amid hopes of a deal to end the Iran conflict, while strong foreign inflows further supported the currency.
Mumbai: The Indian rupee gained 10 paise on Monday, opening at 92.83 against the US dollar, buoyed by a significant decline in crude oil prices, optimism around easing geopolitical tensions, and supportive measures from the Reserve Bank of India (RBI). The dollar index — which measures the greenback against a basket of six major currencies.
The Indian rupee touched a fresh record low of 92.94 against the US dollar on Thursday, depreciating by 30 paise. Elevated crude oil prices amid ongoing tensions in West Asia have added pressure on the currency. The rupee’s slide comes amid strong demand for dollars by importers and a firm greenback in global markets. On.
New Delhi: The Indian rupee breached a new record low on Wednesday, crossing Rs 92 per dollar as oil prices surged amid escalating geopolitical tensions in the Middle East. The domestic currency was trading at Rs 92.38 to the dollar, up 35 paise or 0.38 per cent from the previous session. Oil Prices Spike on.
The Indian rupee slipped to a new record low of 90.20 per US dollar today, down from Tuesday’s close of 89.96, reflecting renewed pressure on the currency.
The Indian rupee strengthened to 87.22 against the US dollar at open on Monday following a volatile week after continued FII selling and US President Donald Trump's 25 per cent tariff announcement on the country.
The dollar maintained its gains following a significant trade pact between the US and China. The US will reduce tariffs on Chinese goods from 145 per cent to 30 per cent for 90 days, while China said it will cut tariffs on US goods from 125 per cent to 10 per cent for 90 days.
