Rupee edges toward record low as dollar strengthens The rupee is moving closer to its all-time low as a combination of foreign fund outflows and a firm US dollar keeps pressure on the currency. Market analysts say the headwinds persist even though local equities showed resilience and crude oil prices eased a little. What’s driving … Read more
Rupee gives up early gains after surprise dollar sales by central bank The rupee briefly strengthened last month but failed to hold those gains after the Reserve Bank of India (RBI) unexpectedly sold large amounts of dollars. The central bank’s intervention aimed to cool speculative moves against the currency, yet the market reversed course soon … Read more
Rupee under pressure as foreign flows turn negative The rupee has weakened amid sustained foreign capital outflows and a jump in crude oil prices. Foreign investors have pared back investments in domestic markets, weighing on sentiment and adding downward pressure on the currency. Why the rupee is sliding Foreign capital outflows: Overseas investors selling equities … Read more