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The Indian rupee hovered around 96.58 per dollar, near record lows, weighed by a firmer dollar, higher global bond yields, and continued foreign equity outflows. Brent crude also climbed above $101.50, adding to concerns over India’s import costs and weighing on emerging-market inflows. The decline was partly cushioned
The Indian rupee fell to its weakest level in more than two months at 96.43 per dollar, with traders citing persistent foreign selling of local assets and likely central bank intervention to prevent it from nearing a record low.
India's benchmark indices posted their eighth straight weekly loss, marking the longest losing streak in 25 years. They also logged their steepest monthly drop since March. Foreign investors have seen record selling this year, with outflows reaching $27.8 billion.
(Repeats story from Monday with no changes to text) reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=INR= rupee poll data By Pranoy Krishna BENGALURU, October 5 (Reuters) — The Indian rupee is expected to languish near record lows over the next three to six months, a Reuters poll of FX strategists sh
The rupee was 95.97 per dollar at 11:30 a.m. IST, little changed from the previous close at 95.98, with state-run banks selling dollars after the spot opened and RBI intervention supporting the currency despite foreign portfolio outflows.
Highlights: * Xi Jinping heads to Washington, meetings with Trump in focus * Flash PMI data in focus, as well as more Fedspeak * USD strength pervades, putting key levels in both GBPUSD and USDMXN into view US TSYS: Paring Gains, Flash PMIs Ahead, Trump Welcomes Xi Tonight: s-xi-tonight-1790161492747 Treasuries are mil
The Indian rupee is expected to open around 95.90-95.95 on Monday, marginally weaker than its previous close of 95.8725. Traders are closely monitoring oil prices and foreign portfolio flows for direction. Expectations of central bank intervention are seen limiting the currency's weakness. Hopes of a diplomatic solutio