Forex traders said the dollar demand from importers for meeting month-end payment obligations weighed on the rupee, while the GDP data released by the government later in the day adversely impacted the currency market, toppling the local unit to its record low
29 November,2024 09:23 PM IST | Mumbai | mid-day online correspondent
The rupee appreciated 6 paise to 84.35 against the US dollar on Monday, bolstered by a strong trend in domestic equities. Analysts caution that elevated crude oil prices and a firm Dollar Index may impact long-term performance.
25 November,2024 10:13 AM IST | Mumbai
The rupee recovered from its all-time low, appreciating by 8 paise to 84.38 against the US dollar in Monday’s early trade, supported by lower crude oil prices
18 November,2024 09:48 AM IST | Mumbai
A report by DSP Asset Managers warns that a combined sell-off by foreign investors and rising crude oil prices could put significant pressure on India's Balance of Payments, which may lead to economic instability.
12 November,2024 10:32 AM IST | New Delhi
The Sensex and Nifty gained in early trade on Tuesday, driven by value buying and sustained investments from domestic institutional investors. The rally followed optimism in the US markets.
12 November,2024 10:20 AM IST | Mumbai
Union Minister Hardeep Singh Puri explained India’s decision to purchase Russian oil, stating it helped prevent a steep rise in global oil prices and ensured energy security. Puri highlighted the importance of oil in the global market and emphasised India's commitment to competitive sourcing.
08 November,2024 09:17 AM IST | Abu Dhabi | mid-day online correspondent
Trump's influence on the energy sector could lead to lower crude prices, though external factors will play a significant role. Around 11:40 am on Thursday, Brent Crude prices had surged 0.65 per cent to $75.41 per barrel
07 November,2024 02:39 PM IST | New Delhi | mid-day online correspondent
Union Petroleum Minister Hardeep Singh Puri reassures that oil prices in India are expected to remain steady despite global geopolitical tensions, highlighting India's diverse crude supply sources and focus on energy security.
05 November,2024 11:59 AM IST | New Delhi
The Indian rupee settled flat at 84.07 against the US dollar, supported by positive domestic markets and declining crude oil prices, though persistent foreign fund outflows continue to exert pressure on the currency.
29 October,2024 04:48 PM IST | Mumbai
The rupee remained steady with a slight gain, closing at 84.07 against the US dollar on Monday, supported by lower crude prices and strong domestic equities. Persistent foreign fund outflows, however, kept the currency under pressure.
28 October,2024 04:06 PM IST | MumbaiADVERTISEMENT
