Rupee rises 23 paise to 96.65 against US dollar in early trade
First reported 8 Oct, 10:52 UTCUpdated 2d ago3 sources
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MUMBAI: The rupee appreciated 23 paise to 96.65 against US dollar in early trade on Friday, supported by a slight softening in the US dollar and suspected intervention by the Reserve Bank of India. Forex traders said the rupee opened on a positive note this morning with the dollar index down to 102 levels and Brent…
Excerpt from The New Indian Express
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The latest record fall of the rupee came after the Reserve Bank of India hiked the repo rate – the interest rate at which borrowers can secure short-term credit from RBI – on Wednesday, for the first time since 2023.
MUMBAI: The rupee appreciated 23 paise to 96.65 against US dollar in early trade on Friday, supported by a slight softening in the US dollar and suspected intervention by the Reserve Bank of India. Forex traders said the rupee opened on a positive note this morning with the dollar index down to 102 levels and Brent…
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- Rupee Falls to Five-Month Low of 96.7 Against Dollar (opens The Wire in a new tab)
The latest record fall of the rupee came after the Reserve Bank of India hiked the repo rate – the interest rate at which borrowers can secure short-term credit from RBI – on Wednesday, for the first time since 2023.
- RBI Forex Reserves Crash $50 Billion In A Month! Why Is The Rupee Still Under Pressure? (opens Business Today in a new tab)
India's foreign exchange reserves have witnessed a massive decline, with over $50 billion wiped out in less than a month. The RBI recorded its biggest-ever weekly forex reserve drop of $18 billion in the week ended September 25, raising fresh concerns about the falling rupee. Despite a strong response to the FCNR(B)…
- Rupee rises 23 paise to 96.65 against US dollar in early trade (opens The New Indian Express in a new tab)
MUMBAI: The rupee appreciated 23 paise to 96.65 against US dollar in early trade on Friday, supported by a slight softening in the US dollar and suspected intervention by the Reserve Bank of India. Forex traders said the rupee opened on a positive note this morning with the dollar index down to 102 levels and Brent…
