Asia’s worst-performing currency took five weeks to become its best. The turnaround has been fuelled by the improved chances of Prime Minister Narendra Modi winning a second term amid recent tensions between India and Pakistan. The optimism has led to local shares and debt luring robust flows, which have turnedRead More →

Foreign investors are back in business. The Indian stock market has gained significantly in recent weeks, owing to buying by foreign portfolio investors (FPI). A higher inflow of foreign funds is also strengthening the rupee. The Indian rupee touched a seven-month high last week due to buying by FPIs. Aside from global factors,Read More →

The rupee weakened by 17 paise to trade at 71.33 against the dollar in opening session on Friday following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices. The dollar’s gain against major world currencies also impacted the rupee sentiment, forex dealers said. AtRead More →

The rupee darted up 9 paise to 71.02 against the dollar in early trade on Thursday amid a reversal in foreign fund outflows even as oil prices hardened. At the forex market, the domestic unit opened slightly higher at 71.06 and built on the gains to reach 71.02. Snapping aRead More →

The rupee inched up 2 paise to 71.22 against the dollar in early trade on Friday amid a dip in crude oil prices and fresh foreign fund inflows. At the forex market, the local unit opened almost flat at 71.23 and stayed in a narrow range. The rupee had skidded byRead More →

The rupee depreciated by 33 paise to 71.30 against the US dollar in early trade on Tuesday at the forex market on fresh demand for the US currency from importers. Strength in dollar against some currencies overseas and a lower opening in domestic equities kept pressure on the domestic unit, dealersRead More →

 The rupee gained some strength against the dollar on Thursday. At the days highest point, the rupee touched 71.05 against the greenback, marking a gain of 19 paise against the American currency. Weakness in the dollar overseas along with mild gains in the domestic equity markets supported the rupee, sayRead More →