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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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Cheaper oil, RBI support fail to lift rupee amid dollar demand
The Indian rupee weakened to 95.39 against the dollar on Thursday, despite lower oil prices and central bank support. Demand from foreign banks, oil firms, and investor outflows…
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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…