Category: Forex News

Rupee rises but near-term gains will be capped, traders say

The rupee strengthened on Tuesday but near-term appreciation will be limited as most market participants are long on the U.S.

The rupee appreciated by 10 paise to 82.93 against the US dollar in early trade on Tuesday, tracking a positive

The rupee made a smart recovery on Friday, closing below 83 to the dollar as the central bank is believed

The rupee settled 1 paisa lower at 83.03 (provisional) against the US dollar on Monday, as positive cues from domestic

The rupee continued its upward trend for the second straight session and appreciated by 9 paise to 82.93 against the

The rupee snapped a four-day losing streak to close 24 paise higher at 82.99 (provisional) against the US dollar on

The rupee depreciated for the fourth straight day and settled nine paise lower at its lifetime low of 83.22 (provisional)

The rupee fell 2 paise to hit the lowest level of 83.15 against the US dollar in early trade on

The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the

The rupee depreciated 5 paise to 83.09 against the US dollar in early trade on Wednesday as elevated crude oil