Rupee slumps 18 paise to 76.62 against U.S. dollar in early trade
The Hindu
The rupee opened weak at 76.63 against the U.S. dollar
The rupee declined 18 paise to 76.62 against the U.S. dollar in the opening trade on Monday as intensifying geopolitical risks due to the Russia-Ukraine conflict pushed investors towards safe-haven assets.
Unabated foreign capital outflows and a strong American currency overseas also weighed on investor sentiment, Forex traders said.
However, higher domestic equities supported the local currency and restricted the loss, they added.
At the interbank foreign exchange, the rupee opened weak at 76.63 against the U.S. dollar. Later, it gained slightly to 76.62, registering a decline of 18 paise over the last close.
On Friday, the rupee had settled almost flat at 76.44 against the U.S. dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 % to 99.25.
Meanwhile, global oil benchmark Brent crude futures slipped 1.91% to $110.52 per barrel.
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Johnson & Johnson introduces TECNIS PureSee IOL for presbyopia in India, offering high-quality vision and reduced visual symptoms.
PMI Electro Mobility raises ₹250 crore for electric buses, accelerating growth plans with consortium investment.
India's wholesale price inflation slightly eased to 2.31% in January, driven by food and manufactured costs, with fuel prices in deflation.
AI could one day allow people to continue conversations with their loved ones after their death, said Sebastian Thrun, founder of Google X.
India considering liberalized air service agreement with Singapore, potentially allowing more flights and airport access.
February 13 saw a huge turnout, and the police expect this number to go up on February 14.
Sensex and Nifty rise on optimistic trade pact news, US market rally; key gainers include ICICI Bank, Infosys.
Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan.
Union Finance Minister Nirmala Sitharaman assures control over food prices in 2025, monitoring inflation to protect citizens.
BSE Sensex and NSE Nifty close lower amid global cues, retail inflation dip, and foreign fund outflows.
RBI Governor emphasizes NBFCs' role in inclusive development, customer protection, and financial stability, urging participation in ULI.
JPMorgan Chase begins job cuts as part of planned reductions, with fewer than 1,000 employees affected in February.