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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 to boost dollar inflows offered some support, corporate arbitrage trades added to the pressure. Analysts at Goldman Sachs have revised their rupee forecasts, anticipating a stronger performance. Global markets saw stocks rise as oil prices eased, potentially curbing inflation.
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economictimes.indiatimes.com
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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thehindubusinessline.com
Rupee falls on-week as merchant, NDF-linked flows blunt dollar retreat
The rupee fell nearly 1% this week, pressured by dollar demand and merchant flows, closing at 95.21 per dollar.
