Tag Archives: rupee

Rupee weakens against US dollar

The 10-year bond yield stood at 7.827%, down from its Friday’s close of 7.833%. Photo: Bloomberg Mumbai: The Indian rupee on Monday weakened marginally against the US dollar on worries of higher crude oil prices and tracking losses in Asian currencies. At 2.10pm, the rupee was trading at 68.08 against the US dollar, down 0.10% from its previous close of 68.01. ... Read More »

Rupee trades higher against US dollar

The 10-year bond yield was at 7.595% compared to its previous close of 7.583%. Photo: Reuters Mumbai: The Indian rupee and Asian currencies on Thursday strengthened against US dollar after the Federal Reserve stuck to its outlook of three rate hikes this year. At 2pm, the home currency was trading at 65.05 a dollar, up 0.26% from its Wednesday’s close of ... Read More »

India: short term effects of rupee demonetisation could hit outbound market

On November 8, the government announced that the ₹500 and ₹1,000 notes – the two largest value bank notes in the currency – will no longer be legal tender, with almost immediate effect. “Eventually it’s going to be more positive. On the shorter term it’s going to be a little bit negative” The decision was made by Prime Minister Narendra ... Read More »