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Rupee slips on week as Iran flare-up spurs caution, merchant hedging
The Indian rupee ended nearly unchanged on Friday, but the week closed on a weaker note. Investor caution grew amid renewed hostilities in the Middle East, impacting oil-affiliated currencies. Meanwhile, global stock markets thrived, propelled by AI innovation and SK Hynix's entry in the US. The Japanese yen gained momentum due to pension funds' activities, and heightened hedging by importers swayed the rupee's demand among merchants.
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economictimes.indiatimes.com
Rupee rallies 50 paise as cheaper crude lifts sentiment
The Indian rupee saw its best day in nearly a month, gaining against the dollar. This rise followed reports of Saudi Arabia reducing crude oil prices for Asian buyers.…
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Rupee slips as oil prices jump, modest portfolio inflows cushion fall
The Indian rupee weakened slightly on Wednesday due to Middle East hostilities. Renewed conflict lifted oil prices, impacting risk sentiment across markets. Modest portfolio…
