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Rupee ends losing run on whiff of FPI flows into stocks
The Indian rupee strengthened on Friday, ending its four-day decline to close at 94.21 against the dollar. This recovery was fueled by modest foreign investment in local stocks and a weaker global dollar, influenced by a tepid US jobs report. While sentiment improved, traders remain watchful of geopolitical developments ahead of the market's reopening.
Raccontata da
economictimes.indiatimes.com
Timeline cronologica
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Rupee logs sharpest fall since June 8, ends at 95.24 against dollar
The Indian rupee weakened significantly, crossing the 95 per dollar mark for the first time in almost a month. This decline occurred ahead of anticipated hawkish remarks from the…
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Rupee clings to modest gains hemmed in by softer dollar, corporate hedging
The Indian rupee saw a slight gain on Friday, though it's set for a weekly dip. Despite a weaker dollar and positive Asian currency movements, corporate demand and hedging…
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Rupee closes at 95.21 vs USD, falls on-week as merchant, NDF-linked flows blunt dollar retreat
The Indian rupee experienced a slight uptick on Friday, yet ended the week on a weaker footing due to overwhelming dollar demand driven by various market activities. Despite a…
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Rupee ends losing run on whiff of FPI flows into stocks
The Indian rupee strengthened on Friday, ending its four-day decline to close at 94.21 against the dollar. This recovery was fueled by modest foreign investment in local stocks…
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Rupee hits three-week low at 95.39 vs USD as firmer dollar, NDF maturities pinch
The Indian rupee touched a three-week low against the dollar on Monday, influenced by a stronger greenback and demand for foreign currency. While falling oil prices and measures…