Showing results for "#forex"
No takers for rupee payment for oil imports
The default payment currency for all contracts for import of crude oil is US dollar as per the international trade practice
Rupee falls 4 paise to close at 83.32/USD
14 Nov 2023 1:30 AMThe dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.08 per cent lower at 105.77.
India's forex reserves rise by $2.6 billion
3 Nov 2023 3:15 PMThe increase comes as a welcome relief as RBI uses the country's forex reserves to stabilise the rupee when it turns volatile.
Rupee faces headwinds
1 Nov 2023 9:15 AMThe rupee was trading at 83.27 vis-a-vis the US dollar in pre-noon trade on Wednesday down from 83.25 in the previous session.
Dollar dips ahead of key US data, bitcoin soars
24 Oct 2023 3:45 AMThe dollar index last sat around 105.57, having lost over 0.5% in the previous session as U.S. Treasury yields tumbled.
Rupee settles almost flat at 83.03 against USD
12 Sept 2023 3:25 AMA weak American currency against major rivals overseas also supported the domestic unit and restricted the fall, forex traders said.
Rupee falls 15 paise to 82.77 against US dollar
4 Sept 2023 5:00 AMMeanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.06 per cent to 104.17
Rupee rises 7 paise to 82.73 against US dollar in early trade
30 Aug 2023 5:00 AMRising crude oil prices and strengthening dollar, however, weighed on the Indian currency, according to forex traders.