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Exchange rate
Indian exports not adversely impacted by rupee exchange rate policy: RBI
The RBI routinely intervenes in currency markets to quell volatility but its exchange rate management has also led to periods of the rupee being overvalued against the currencies of its major trading partners.
21 November 2024, 03:23 IST
Indian exports not adversely impacted by rupee exchange rate policy: RBI
21 November 2024, 03:23 IST
Rupee settles 2 paise lower at 83.75 against US dollar
The Indian currency resisted the fall due to a sharp decline in the dollar after the latest US data showed slower manufacturing growth in the world's largest economy.
02 August 2024, 10:37 IST
Rupee settles 2 paise lower at 83.75 against US dollar
02 August 2024, 10:37 IST
Rupee plunges 20 paise to settle at 83.49 against US dollar
Forex traders said increased month-end demand of greenback by oil marketing companies also weighed on the Indian currency.
31 May 2024, 10:34 IST
Rupee plunges 20 paise to settle at 83.49 against US dollar
31 May 2024, 10:34 IST
Rupee rises 6 paise to 83.30 against US dollar in early trade
On Monday, the rupee appreciated by 8 paise to close at 83.36 against the US dollar.
23 April 2024, 04:43 IST
Rupee rises 6 paise to 83.30 against US dollar in early trade
23 April 2024, 04:43 IST
Rupee falls 14 paise to close at 83.57 against US dollar
Forex traders said a weak appetite for riskier assets and recent foreign capital outflows also dragged down the local unit.
16 April 2024, 10:46 IST
Rupee falls 14 paise to close at 83.57 against US dollar
16 April 2024, 10:46 IST
Rupee falls 4 paise to 83.11 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 83.11 against the dollar, then fell to 83.13, registering a fall of 6 paise from its previous close.
23 January 2024, 04:07 IST
Rupee falls 4 paise to 83.11 against US dollar in early trade
23 January 2024, 04:07 IST
IMF suggests RBI excessively interfered to maintain rupee exchange rate
During December 2022-October 2023, the Rupee-US Dollar exchange rate moved within a very narrow range, suggesting that the foreign exchange intervention likely exceeded levels necessary to address disorderly market conditions, the IMF noted in its annual Article IV review.
19 December 2023, 23:46 IST
IMF suggests RBI excessively interfered to maintain rupee exchange rate
19 December 2023, 23:46 IST
Rupee trades flat at 83.24 against US dollar in early trade
Forex analysts said the Indian currency continued to stay under pressure due to unabated foreign fund outflow amid negative equity markets across Asia.
13 October 2023, 07:07 IST
Rupee trades flat at 83.24 against US dollar in early trade
13 October 2023, 07:07 IST
Rupee rises 3 paise against US dollar in early trade
However, selling pressure from foreign equity investors weighed on the Indian currency, forex traders said.
11 October 2023, 05:18 IST
Rupee rises 3 paise against US dollar in early trade
11 October 2023, 05:18 IST
Rupee rises 6 paise against US dollar in early trade
However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.
20 September 2023, 03:59 IST
Rupee rises 6 paise against US dollar in early trade
20 September 2023, 03:59 IST
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