Expected to open at 94.30-94.35 vs dollar; FCNR inflows far exceed $100 billion priced in by markets

The Indian rupee surged to a two-month peak against the U.S. dollar, buoyed by decisive central bank interventions and dollars flowing in from foreign banks. Positive domestic…

The rupee closed below 95 on Tuesday, a two-month high of 94.95 per US dollar, buoyed by robust Foreign Currency Non-Resident (Bank)/ FCNR (B) deposit inflows under the RBI’s…

The Indian rupee remained above 95 against the dollar for a second day. Traders attribute this performance to aggressive dollar sales by the central bank. The rupee closed at…

Expected to open at 94.30-94.35 vs dollar; FCNR inflows far exceed $100 billion priced in by markets

Rupee strengthens to 94.30 per USD as $127.2 billion inflows bolster liquidity from FCNR(B) deposits.

India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raised over 136 billion dollars through its…

Thursday marked the fifth consecutive day of appreciation for the Indian rupee, which increased by fourteen paise, closing at 94.59 against the US dollar. This positive shift was…

Rupee reaches a two-and-a-half month high at 94.30 per USD, driven by strong FCNR(B) deposit inflows.