'India’s Macro fundamentals remain resilient and strong', Jaitley allies market fears over depreciation in Rupee
Business | August 15, 2018 14:56 IST"However India’s Macro fundamentals remain resilient and strong," he said in a series of tweets.
"However India’s Macro fundamentals remain resilient and strong," he said in a series of tweets.
According to industry experts, the rupee value vis-a-vis USD went into decline as the US dollar gained rapid strength amid fears that economic crisis in Turkey could spread to other global economies.
Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure.
Mumbai: The rupee recovered from more-than three months low of 63.15 in early trade on dollar selling by banks, believed to be on RBI instruction, to settle six paise higher at 62.85 against the US
Mumbai: Extending losses for the fourth straight session, Indian rupee today declined by ten paise to log over 13-month closing low of 63.67 against the Greenback following sustained dollar demand from importers. Firm local equities,
Mumbai: The rupee today snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.Persistent capital inflows and some
Mumbai, May 31: The rupee fell against the American currency for the fourth consecutive day today, slipping another 15 paise to 56.53 per dollar on month-end dollar demand from importers despite weakness of the US
Mumbai, Apr 23: The rupee lost a hefty 42 paise to close at three-and-a-half-month low of 52.50/51 against the American currency on strong dollar demand from banks and importers amidst a sharp fall in equity
Mumbai, Jan 24: The rupee today moved higher to sub-50 level for the first time in 10 weeks for a brief time intra-day before closing flat at 50.09/10 against the US dollar on alternate bouts
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