Rupee: Latest News and Updates, Top Stories, Videos, Photos About Rupee

Indian Rupee’s Journey: From Regional To Global Reserve Currency

The Indian Rupee (INR) is on a strategic path to become an alternative reserve currency on the world stage, amidst its recent decline against the US Dollar (USD). This situation, while challenging, has spurred India into action, leading to significant agreements ...

Rupee Falls To Record Low Against US Dollar As Israel Strikes Iran

Amid the deteriorating middle east situation, the Indian rupee on Friday opened to a record low after reports surfaced that Israel conducted air-strikes against Iran that led investors to exit risk assets and resort to safe havens. The rupee on April ...

Indian Rupee Hits Record Low Amid Middle East Concerns And Fed Rate Speculations

The Indian rupee plunged to a historic low as trading opened on Tuesday, echoing declines seen across Asian currencies. This downward spiral was fueled by mounting anxieties surrounding a potential escalation of tensions in the Middle East and growing expectations that ...

Vedanta Group Taps JPMorgan For $300 Million India Bond Issue

Vedanta Ltd. has set its sights on raising Rs 2,500 crore (approximately $300 million) through rupee-denominated bonds, enlisting the expertise of JPMorgan Chase & Co. to orchestrate the financing, as reported by sources familiar with the matter. Spearheaded by Nitin Rungta, ...

Rupee Witnesses Yet Another Low Against US Dollar

The Indian rupee witnessed yet another new opening low against US Dollar on Thursday as the greenback rallied after Chair Jerome Powell stated the US Federal Reserve may lower rates this year. Rupee opened flat at Rs 83.43 in morning trade ...

Market Starts FY25 With A Big Bang: Sensex Hits Lifetime High 74,254.62, Nifty Touches Record 22,529.95

The start of FY25 has been impressive as the Indian stock market made banger opening to hit new lifetime highs. Sensex touched its highest level in history at 74,254.62, while Nifty 50 also followed the trend by hitting its record high ...

Stock Market Holidays: Trading On BSE, NSE To Be Closed For Four Days From March 25-31

The stock market is having a holiday-shortened week. Trading on BSE and NSE was closed on Monday due to the celebration of the Holi festival across India, while three more back-to-back holidays are coming up. Hence, the market will be only ...

Indian Rupee Takes A Dive To Hit Record Low Against US Dollar; What Triggered The Decline?

In offshore trading on Friday (March 22), the Indian Rupee experienced a significant decline against the US Dollar, propelled by heightened demand for Dollars from corporates as the financial year draws to a close, according to currency traders. At 3:30 pm ...

Exicom Tele-Systems Limited Unveils Rs 429 Crore IPO: Don’t Miss Emerging Opportunities

Exicom Tele-Systems Limited gears up to make its market debut with an initial public offering (IPO) set at Rs 429 crore. Scheduled to open for subscription on February 27, with the anchor book opening a day earlier on February 26, the ...

Rupee Strengthens Mildly Against Dollar As Fed Rate Cut Hopes Boost Asian Currencies, Ends At 83.01

The expected interest rate cut by the U.S. Federal Reserve later this year may not be favorable for the dollar, but it could present an opportunity for certain Asian currencies to strengthen. Historically, higher interest rates have bolstered a nation's currency ...

Rupee Outlook: INR Stability Spurs Surge In Forex Crosses; Here's What Analysts Predict

To navigate the Indian rupee's prolonged stability, banks and corporate treasuries are increasingly turning to alternative currency pairs, such as Euro/Dollar, Pound/Dollar, and Dollar/Yen, in pursuit of higher returns. The Dollar/Rupee's tight trading range, influenced by the Reserve Bank of India's ...

India’s Bid To Pay For Crude Oil In Rupee Faces Headwinds Amidst Supplier Concerns

India's move to use the Rupee as the default payment for crude oil imports has hit a roadblock, with oil suppliers expressing apprehensions about fund repatriation and citing high transactional costs. According to the Oil Ministry's submissions to a parliamentary standing ...

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