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INR crashes to new record low beyond 92.60 mark; Positive equities fail to cap losses
The Indian rupee crashed to fresh lifetime lows on Wednesday, weighed down by a stronger greenback and sustained FII outflows. The rupee slumped 27 paise to close at a record low of 92.67 (provisional) against the US dollar on Wednesday. Elevated crude oil prices in global markets amid intensifying conflict in West Asia further dampened sentiments. Indian shares ended higher for a third consecutive session but failed to cap losses in the counter. The Sensex rose 633 points to close at 76,704 and the Nifty gaining 197 points to settle at 23,778. At the interbank foreign exchange, the local unit opened at 92.42 against the greenback and traded in the range of 92.41-92.48 for most of the session before losing ground at the fag end to close at its record low.
Rupee hits all-time low against dollar: Key drivers explained
The Indian rupee hit an all-time low of 92.54 per US dollar due to high oil prices and Middle East conflict. Barclays suggests long on Chinese yuan, while HSBC favors the Singapore dollar.
At record low! Rupee breaches 92.50 against dollar for the first time ever amid prolonged US-Iran war
The Indian rupee fell to a historic low of ₹92.67 against the US dollar on March 18, driven by rising crude oil prices and economic risks tied to tensions in the Middle East.
Rupee edges lower against dollar amid oil strength, equity outflows
The Indian rupee opened at 92.42 per US dollar on March 18, weakening by 5 paise from the previous close. Persistent pressure from higher crude oil prices and capital outflows weighed on the currency.
INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
Rupee gains marginally against dollar: How oil and global cues are shaping moves
The Indian rupee opened stronger at 92.39 against the US dollar on March 17, up from 92.42 on March 16, aided by a pause in crude oil price rally and better global risk sentiment.
INR hits fresh lifetime low of 92.47 during intraday moves
The Indian rupee ended the day almost flat on Monday to settle at 92.28 per dollar. The currency hit a fresh record low of 92.47 during intraday moves amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties. The local currency, however, resisted a sharp fall backed by a significant recovery in domestic equity markets amid hopes of the reopening of the Strait of Hormuz. Indian benchmark indices rebounded strongly, closing higher after a three-day slump. The BSE Sensex jumped by 938.93 points (1.26%) to settle at 75,502.85, while the NSE Nifty 50 gained 257.70 points (1.11%) to close at 23,408.80. At the interbank foreign exchange, the local unit opened at 92.44 and touched its lowest-ever intra-day level of 92.47 against the greenback during the session.
Rupee improves marginally, opens at 92.43 against US Dollar as Brent surges past $104 per barrel
The Indian Rupee improved to 92.43 against the US dollar from 92.46 on Friday. Crude oil nears $100 per barrel amid West Asia crisis. Gold and silver prices fell on COMEX.
INR tumbles to new lifetime lows; Benchmark indices melt amid West Asia conflict and escalating oil prices
The Indian rupee slumped to close at a fresh record low of 92.37 (provisional) against the US dollar on Friday as crude oil prices crossed USD 101/barrel amid the raging West Asia conflict. A stronger greenback, heavy foreign fund outflows and sustained selling in the domestic equity markets further weighed on the rupee. At the interbank foreign exchange, the local unit opened at 92.33 and kept losing ground to hit a fresh intra-day low of 92.47 against the US dollar. It eventually settled at its lifetime low of 92.37 (provisional), down 11 paise from its previous close. Indian shares plunged on Friday to extend their recent string of losses as oil prices climbed back above $100 a barrel amid an ongoing conflict in West Asia involving Iran, Israel and the United States. The Sensex dropped by 1,470 points to close at 74,563, while the Nifty 50 fell 488 points, settling at 23,151.
Top Gainers & Losers on Mar 13: Larsen & Toubro, KPR Mill, Adani Total Gas, PG Electroplast among top losers
The Indian stock market faced a significant sell-off on March 13, with key indices dropping over 2% amid rising crude oil prices and concerns over corporate earnings. The Nifty 50 saw its largest weekly decline in four years, as overseas investors continued to sell.
Rupee at 100 vs US dollar - Can US-Iran war, surging crude oil prices push domestic unit to three-digit mark next week?
The Indian Rupee fell to a record low of 92.44 against the US Dollar due to rising oil prices, geopolitical tensions, and foreign fund outflows. Domestic stocks also declined sharply, contributing to currency pressures and inflation concerns, with experts warning of potential further depreciation.
Rupee falls to all-time low of 92.41 against dollar on higher crude prices, equity sell-off
The Indian rupee fell to an all-time low of 92.41 per dollar on March 13, driven by high crude oil prices amid West Asia conflict. The Reserve Bank of India has intervened to manage sharp movements.