The rupee tanked 84 paise to close at its lifetime low of 77.01 (provisional) against the US dollar on Monday as intensifying geopolitical risks
The Indian rupee tumbled to a record low along with stocks and bonds as a spike in oil prices spurred by the war in Ukraine threatened to inflate the nation's oil-import bill
High commodity prices as well as outflow of foreign funds from equity markets dragged Indian rupee to a new record low against the US Dollar
Business Standard brings you the top headlines this morning.
At the interbank foreign exchange market, the rupee opened weak at 76.06 against the American dollar and fell further during the session as investors moved away from riskier assets
Most emerging Asian currencies and stocks weakened on Friday amid heightened investor anxiety after reports that Russian forces had attacked a nuclear plant in Ukraine
At the interbank foreign exchange market, the rupee opened strong at 75.76 against the American dollar but soon entered the negative territory as investors turned towards safe-haven assets
India's trade deficit widened sharply to $21.19 billion in February compared to $17.94 billion the previous month, preliminary data shows
The government may get a lever to cut excise duties on petrol and diesel to ease the burden of rising global crude prices on the common man. More on that in our top headlines.
At the interbank foreign exchange market, the rupee opened at 75.78 against the American dollar but later dropped to a low of 75.86
Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.
The Russian currency ruble tanked about 30 per cent against the US dollar on Monday after Western nations imposed stricter sanctions on Russia
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.46 per cent higher at 97.06
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.78 per cent higher at 97.37.
The rupee has been one of the worst performing Asian currencies in 2022
The rupee appreciated by 27 paise to close at 75.33 against the US dollar on Friday in line with regional currencies, following a retreat in crude oil prices and a rebound in domestic equities. At the interbank forex market, the local unit opened at 75.31 against the greenback and witnessed an intra-day high of 75.18 and a low of 75.46. The rupee finally ended at 75.33, registering a gain of 27 paise over its previous close. On Thursday, the rupee had tanked 99 paise to close at 75.60 against the US dollar, as riskier assets took a hit after Russia launched military operations against Ukraine. Meanwhile, European Union leaders are putting up a united front and have agreed on a second package of economic and financial sanctions against Russia. The dollar index, which measures the greenback's strength against a basket of six currencies, inched up 0.01 per cent to 97.14. Brent crude futures, the global oil benchmark, was trading 1.07 per cent higher at USD 100.14 per barrel. "Calmn
India's benchmark 10-year bond yield ended at 6.75%, down 1 basis point from its previous close but yields on the week were up 9 basis points
India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on New Delhi of Western sanctions imposed on Moscow, sources said
Forex traders said markets will continue to remain volatile, and investors continued to keep a watch on the latest developments in eastern Europe.
At the interbank foreign exchange market, the rupee opened at 75.02 against the American dollar but later dropped to a low of 75.75 against the greenback