rupee-forecast The US Dollar in Indian Rupee (USD/INR) exchange rate was trending in the region of 60.1025 on Wednesday, off the day's highs of 60.2400 but with the potential to advance considerably once the day's major US reports are published.
The Indian rupee lost 22 paise to over three-month low of 60.77 against the US dollar in early trade at the Interbank Foreign Exchange market on increased capital outflows amid demand for the American currency from importers.
India's rupee rose as fund inflows into local assets countered dollar demand from importers. Global funds poured a net $5.7 billion into the nation's stocks and bonds this month as the government unveiled plans to narrow the budget deficit and allow ...
The Indian Rupee traded on a positive note and appreciated around 0.1 percent in yesterday's trading session. The currency appreciated on the back of strong inflow of foreign funds in equities and debt markets.
The Indian rupee slumped to a three-month low on Thursday, hurt by a rally in the dollar in global markets that helped spur state-run banks into buying greenbacks for corporate and defence-related payments.