MUMBAI, Sept 30 (Reuters) - The Indian rupee fell on Monday, posting its worst month since the record low levels of August 2013, as the dollar continued to strengthen against emerging market currencies over growing bets for an early hike in U.S ...
MUMBAI: The Indian rupee fell as low as 61.95 per dollar on Wednesday, its weakest level since March 4, as traders unwound positions ahead of holidays and at a time when the greenback is gaining globally.
The Indian Rupee extended losses against the US Dollar (USD/INR) on Monday as the 'Greenback's bullish run continued and investors remained wary of the Rupee ahead of the Reserve Bank of India's interest rate decision.
The Pound has been climbing versus the emerging-market Indian Rupee (GBP/INR) on Tuesday, following the Reserve Bank of India's (RBI) decision to keep interest rates steady at 8% to protect against inflation.
Indian rupee opens at 61.35 per dollar, slips 21 paise. Expect the local government owned banks to be sellers of dollars on upticks towards 61.60/dollar and some importer hedging to come if there are dips towards 61.20/dollar, says Agam Gupta of ...
indian-rupee-coin-1 As the US Dollar continues to speed ahead, emerging market currencies like the Indian Rupee are getting left in the dust. Sterling, meanwhile, is holding ground ahead of Bank of England Governor Mark Carney's speech in Wales.
However renewed dollar strength, fresh dollar demand from corporates, status quo maintained by RBI on policy rates and covering of short dollar position led rupee to make a intraday low of 61.82. Rupee closed at 61.7450. Weaker by 0.35 percent.
India's rupee fell the most in more than a month and government bonds declined on speculation an improving U.S. economy will prompt the Federal Reserve to bring forward its timetable for increasing interest rates.