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06.10.26 - 07:54
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Rupee falls to 96.39 against dollar as oil rises, FII outflows continue (Times of India)
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The rupee faced downward pressure against the US dollar, dropping to 96.39 early in the trading session. This decline stems from rising crude oil prices and ongoing selling by foreign investors. Despite this, domestic equities saw gains, softening the rupee's fall. On Monday, Foreign Institutional Investors sold a net Rs 4,699.14 crore in equities, influencing the currency's performance....
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05.10.26 - 07:42
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Rupee hovers near 96 as oil stays above $100 per barrel, foreign selling persists (Times of India)
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The rupee started off on a weaker note against the US dollar due to soaring crude oil prices and foreign investors selling off. In response, the Reserve Bank of India is stepping in to curb volatile changes, as forex reserves dwindle. Market analysts anticipate a possible interest rate increase following the upcoming monetary policy meeting, while the dollar index remains robust....
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