Rupee falls 43 paise to 79.60 against U.S. dollar in early trade
The Hindu
The rupee opened at 79.58 against the greenback, then fell to 79.60, registering a decline of 43 paise over its last close
The rupee depreciated by 43 paise to 79.60 against the U.S. dollar in opening trade on Wednesday, as higher-than-expected U.S. CPI print resulted in massive risk-off sentiments.
At the interbank foreign exchange market, the rupee opened at 79.58 against the greenback, then fell to 79.60, registering a decline of 43 paise over its last close. In initial deals, the local unit also touched 79.54 against the dollar.
On Tuesday, the rupee appreciated by 36 paise to close at an over one-month high of 79.17 against the dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03% to 109.77.
Global oil benchmark Brent crude futures fell 0.10% to USD 92.91 per barrel.
The U.S. August CPI came in higher than expected at 8.3% year-on-year and 0.6% month-on-month.
Follow The Hindu’s updates on the rupee : Mumbai forex analysts report on rupee's gains against the dollar amid global tariff tensions and economic data.
The U.S. Federal Trade Commission is moving ahead with an antitrust probe of Microsoft, Bloomberg News reported.
Intel hires semiconductor industry veteran Lip-Bu Tan as CEO to revive struggling company amid leadership changes and financial challenges.
Nandan Nilekani predicts India as top IPO market by 2035 with 1 million startups and $8 trillion economy potential.
BNW Developments partners with Taj to bring luxury living to UAE's Al Marjan Island, Ras Al Khaimah.
Equity indices Sensex and Nifty close lower amid global economic concerns, with IT and telecom stocks leading the decline.
Rupee closes at 87.19 against US dollar amid tariff uncertainties, crude oil prices, and global market volatility.
NCLAT rejects IRDA pleas against Shriram Group insurance arm mergers, citing no statutory bar under Insurance Act.
TIVOLT Electric Vehicles inaugurates e-SCV manufacturing plant in Chennai with high-performance EVIATOR for sustainable transportation solutions.
Vedanta Ltd repays high-cost loan, reduces debt, and strengthens balance sheet with refinancing package and improved terms.
Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday (March 12, 2025) but soon turned flat due to highly volatile global trends amid uncertainties over trade tariff.
Rupee trades flat at 87.22 against dollar amid volatile sentiment, influenced by trade tariff uncertainties and market cues.
Jio signs deal with SpaceX’s Starlink, owned by Elon Musk, for satellite Internet services in India, awaiting regulatory approvals for operations.