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INR recovers from record lows but settles beyond 92/$ mark
The Indian rupee recovered from record low levels and settled with a loss of 16 paise at 92.17 (provisional) against the US dollar on Thursday as global crude oil prices stayed on an upward trajectory amid the raging war in West Asia. A stronger greenback and volatility in the domestic equity markets further weighed on the rupee, which was already on a weak footing in early trade due to heavy foreign fund outflows. Indian shares fell sharply on Thursday to extend losses from the previous session as the prospect of a quick end to the war in West Asia thinned and trade tensions resurfaced. At close, the Sensex declined 829.29 points, or 1.08 per cent, to settle at 76,034.42, taking its two-day decline to 2,171.56 points. While the Nifty slipped 227.70 points, or 0.95 per cent, to close at 23,639.15, it slipped 2.56% in two sessions. At the interbank foreign exchange, the local unit opened at 92.25 but kept slipping to touch its record intra-day low against the greenback at 92.36. ...
Indian Rupee Hits Record Low Of 92.35 Against US Dollar Amid Crude Oil Surge - Samco
Indian Rupee Hits Record Low Of 92.35 Against US Dollar Amid Crude Oil SurgeSamco
Rupee opens 24 paise weaker against dollar amid surge in oil prices
The Indian rupee weakened against the US dollar on March 12, pressured by rising crude oil prices due to Iranian tanker attacks. Brent crude rose 7.3% to $98.60 a barrel.
Oil rally may dent Indian OMCs as retail fuel prices stay steady; here’s why
A fresh surge in global crude prices is putting India’s state-run fuel retailers under pressure. With domestic pump prices largely unchanged since 2022, rising input costs are compressing margins and increasing cash-flow volatility for the country’s oil marketing companies.
INR seen under pressure but holds under 92 per dollar mark
The Indian rupee came under pressure in opening trades on Wednesday as sentiments stay bleak amid ongoing conflicts in Middle East. INR opened at Rs 91.92 per dollar and hit a low of 91.97 so far during the day. Rupee staged a strong recovery from its record low against the US dollar on Tuesday, gaining 36 paise to settle at 91.85, aided by a sharp fall in global crude oil prices over hopes of de-escalation of the ongoing conflict in West Asia. Sharp gains in the domestic equity markets, along with a weaker greenback, provided further support to the domestic unit. Indian shares rebounded from recent string of losses on Tuesday amid hopes of an easing of tensions in the U.S.-Iran conflict. The Sensex jumped 639.82 points or 0.82 percent to settle at 78,205.98. During the day, it surged 960.09 points or 1.23 percent to 78,526.25. The Nifty climbed 233.55 points or 0.97 percent to end at 24,261.60. Indian shares opened on a flat note Wednesday as investors clung to hopes for a ...
Rupee opens lower against US dollar amid oil volatility, foreign outflows
The Indian rupee opened lower at 91.94 per dollar on March 11, down 0.14%. Volatility in crude oil prices and foreign investor outflows impact the rupee.
Rupee strengthens 40 paise against dollar: What easing oil prices mean for the currency
The Indian rupee rose 40 paise to 91.92 against the US dollar on March 10, aided by falling crude oil prices and better global risk sentiment. Brent crude dropped to $88.50.
INR crashes to fresh record low as oil surges past $100 mark amid Middle East tensions
The Indian rupee crashed to its all-time closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in the Middle East. Withdrawal of foreign funds amid intense selling in domestic equity markets further pressured the rupee. Indian shares slumped on Monday as the Iran-Israel-U.S. war entered its 10th day and the Strait of Hormuz, a critical trade route, remained shut for the sixth consecutive day. The benchmark BSE Sensex ended down 1,352.74 points, or 1.71 percent, at 77,566.16 after hitting a low of 76,424.55 earlier. The broader NSE Nifty index hit an intraday low of 23,697.80 before recovering some lost ground to close down 422.40 points, or 1.73 percent, at 24,028.05. At the interbank foreign exchange, the rupee opened at 92.22 and rose briefly to 92.15 but kept losing ground through the session before eventually settling at its ...
Indian Rupee Hits Record Low of 92.33 Against US Dollar as Crude Oil Prices Surge | Stock Market Today - Samco
Indian Rupee Hits Record Low of 92.33 Against US Dollar as Crude Oil Prices Surge | Stock Market TodaySamco
INR plunges on boiling oil prices; DXY above 99.50
The Indian rupee plunged sharply in opening trades on Monday tracking a firm dollar overseas coupled with boiling international crude oil prices. WTI crude oil futures soared above $100 per barrel for the first time in three and half years amid escalating tensions in Middle East showing no signs of abating. Middle Eastern producers cut output as the Strait of Hormuz remains closed due to the Iran war. WTI price hit $115.49 per barrel, the highest since June 2022. INR opened at Rs 92.22 per dollar and hit a low of 92.34 so far during the day as compared to Fridays close at 91.82. Dollar is soaring at three month higher well above 99.50 mark. Negative cues from equities amid sharp sell off by foreign investors is also weighing on the local unit. Indian shares nosedived on Monday morning. The benchmark BSE Sensex was down 2,192 points, or 2.8 percent, at 76,726 in early trade while the broader NSE Nifty index slumped 665 points, or 2.7 percent, to 23,782.
USD vs INR: Indian Rupee hits record low of 92.33 against US dollar amid rising crude oil prices
The Indian Rupee hit a record low of 92.33 on March 9 due to rising oil prices and geopolitical tensions. Traders suggest the Reserve Bank of India intervened to stabilize the currency, but ongoing conflicts may push the rupee further down if oil prices remain high.
Nifty set for 3% gap-down opening as Middle East war rattles investor sentiment. Check GIFT Nifty levels
Indian equities are set to open sharply lower as crude oil surges nearly 20% amid the US-Israel-Iran conflict, weighing on global markets. Asian indices, led by Nikkei, plunged, while a strong dollar and rising US Treasury yields intensify pressure. Investors await the US CPI data for further cues.