Indian rupee opens higher against US dollar

Indian rupee opens 10 paise higher at 93 against US dollar

The Indian rupee opened 10 paise higher at 93 against the US dollar, supported by the Reserve Bank of India's measures to curb volatility and speculation in offshore markets. The currency has gained about 2% over the past week as banks unwound positions in the NDF market. 17 days ago
Crude oil drops over 5 pc this week, hovers above $100 amid global uncertainty

Crude oil prices climb over 3 pc to near 52-week high amid geopolitical tensions

The rally follows sharp gains in the previous session, marking the biggest jump since 2020. Concerns over the Strait of Hormuz, a crucial shipping route, have kept markets on edge despite OPEC+ plans to increase output. Analysts maintain a bullish outlook, with prices expected to rise further if key resistance levels are breached. 17 days ago
Indian rupee opens higher against US dollar

Rupee depreciation post Feb 27 in line with other currencies: Report

India's strong foreign exchange reserves—over $700 billion—provide a buffer for the Reserve Bank of India to manage volatility. However, risks remain due to volatile capital flows and high oil prices. The report suggested policy measures like a special dollar window for oil companies to stabilise demand. 20 days ago