Indian Rupee Rises To 2-day High Against U.S. Dollar
(RTTNews) - The Indian rupee strengthened against the U.S. dollar in the European session on Friday.
In economic news, the Reserve Bank of India reduced its key interest rates for the first time in nearly five years with an aim to boost economic growth.
Under the leadership of newly appointed Governor Sanjay Malhotra, the Monetary Policy Committee decided to reduce the policy repo rate by 25 basis points to 6.25 percent from 6.50 percent.
This was the first reduction since May 2020. Markets widely expected today's rate cut.
Against the U.S. dollar, the rupee advanced to a 2-day high of 87.283 from an early low of 87.585.
If the rupee extends its uptrend, it is likely to find resistance around the 86.00 region.
read more
Indian Rupee Hits Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Tuesday.
RTTNews
|
45 dias atrás
Indian Rupee Slides To Record Low Amid Speculations On RBI Intervention
The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday, as traders speculate that the Reserve Bank of India (RBI) is likely to intervene in the foreign exchange to limit the significant weakening of the rupee.
RTTNews
|
58 dias atrás
Indian Rupee Falls To Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Monday, as Trump's tariff threat bolstered the dollar.
RTTNews
|
67 dias atrás
Indian Rupee Falls To 6-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Thursday.
RTTNews
|
71 dias atrás
Indian Rupee Falls To Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Monday, due to pressure from the local stock market outflows and a muted trend in domestic stocks as investors remain cautious amidst the U.S. presidential elections and the Fed interest rate decision later this week.
RTTNews
|
95 dias atrás
Indian Rupee Rises To 1-1/2-month High Against U.S. Dollar
The Indian rupee strengthened against the U.S. dollar in the European session on Tuesday.
RTTNews
|
143 dias atrás
Indian Rupee Falls To 6-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Thursday.
RTTNews
|
169 dias atrás
Indian Rupee Little Changed After RBI Keeps Key Rates Unchanged
The Indian rupee changed little against the U.S. dollar in the late Asian session on Thursday, after India's central bank maintained its interest rates for the ninth consecutive session.
RTTNews
|
183 dias atrás
