Indian Rupee Hits Six-Week High on Jio IPO-Linked Inflows
The rupee rose to a peak of 94.4925 on Tuesday, supported by foreign portfolio inflows related to Jio Platforms' IPO.
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The rupee rose to a peak of 94.4925 on Tuesday, supported by foreign portfolio inflows related to Jio Platforms' IPO.
The rupee rose to 94.4925, its strongest level in six weeks, as foreign portfolio inflows linked to Jio Platforms’ IPO supported its recovery.
(Updates post market open) By Jaspreet Kalra MUMBAI, Oct 14 (Reuters) — The Indian rupee rose to its strongest level in over a month on Wednesday, hoisted by hawkish remarks from the central bank chief and pledges of ensuring currency stability following a series of measures to support the South Asian unit. The unit wa
The Indian Rupee touched 95.48 against the USD, the highest since September 2026. Over the past 4 weeks, US Dollar Indian Rupee lost 0.36%, and in the last 12 months, it increased 7.55%.
By Jamie McGeever ORLANDO, Florida, Oct 12 (Reuters) — Oil and fuel prices rose on Monday following weekend attacks on a Saudi airport, which had a varied impact on global stocks. Asia shares mostly fell, Europe shares rose, and Wall Street was mixed. The dollar continued its recent rally and hit an 18-month high, and
India's banking system liquidity surplus rose to 5.3 trillion rupees ($54.97 billion), the highest since Sept. 20, equivalent to nearly 2% of banking system deposits.
Most Asian currencies fell as oil prices and elevated US Treasury yields pressured risk sentiment. The Thai baht touched 33.64, its weakest since late July, and the rupiah fell to 17,985 per dollar.
Most Asian currencies weaken, with Thailand's baht leading losses at as much as 33.635 per dollar. Indonesian rupiah, Philippine peso and South Korean won also weaken as US yields rise.
UiPath reported second-quarter ARR up 12% to $1.938 billion and revenue up 13% to $410 million, with a fourth consecutive quarter of GAAP profitability and non-GAAP operating margin expanding to 22%.