The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback.
The Reserve Bank will sell USD 2 billion worth of American currency to banks in a bid to infuse liquidity in the domestic forex market roiled by mounting concerns over coronavirus pandemic and crash in global oil prices.
Customers can load up to $250,000 in a financial year into the forex card and buy up to $3,000 as currency notes
Mumbai: The rupee continued to fall against the American currency for the third day today, slipping by another three paise to 2-month closing low at 66.80 per dollar on persistent dollar demand from banks and
Mumbai : Recovering from a 21-month low, the rupee strengthened 10 paise to 64.16 against the US dollar in early trade today at the Interbank Foreign Exchange on selling of the American currency by exporters
Mumbai : The rupee lost 10 paise against theUS dollar at 64.16 in early trade today, extending itsweakness for the third straight day at the Interbank Foreign Exchange, due to sustained demand for the US
New Delhi: Snapping a three-day downward move, the rupee on Wednesday ended six paise higher at 61.59 versus the dollar on hopes that weak US jobs data would result in the Fed extending its economic
New Delhi, Nov 21: The finance ministry today said the ability of the Reserve Bank to intervene in the forex market to arrest the fall in rupee is limited, even as the Indian currency declined
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