🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Rupee nears 84/$ mark as Asian currencies weaken, dollar gains
VCCircle
·
1y ago
Medial
The Indian rupee reached its weakest ever level against the US dollar on Tuesday due to weakening Asian currencies and increased demand for dollars. The rupee closed at a record low of 83.9525 per US dollar, down 0.1% from the previous session. The Reserve Bank of India's interventions in various markets have helped to stabilise volatility. However, concerns about a US economic slowdown and the unwinding of carry trades involving the Chinese yuan and the rupee have put pressure on the currency.
View Source
Related News
Rupee ends flat, unable to benefit from rise in Asian peers
VCCircle
·
11m ago
Medial
The Indian rupee closed flat against the US dollar on Monday, failing to benefit from the rise in other Asian currencies. The rupee closed at 83.90 against the dollar, almost unchanged from the previous session's close of 83.89. Despite the dollar's slump in August, the rupee has struggled to make gains due to increased dollar demand from importers and outflows from equities. Additionally, the recent comments by Federal Reserve Chair Jerome Powell indicate an imminent rate cut, further limiting the rupee's potential gains. Analysts expect the rupee to trade between 83.75 and 84 in the near-term.
View Source
Rupee ends at record low, logs fourth consecutive weekly decline
VCCircle
·
1y ago
Medial
The Indian rupee closed at its lowest ever level against the US dollar, marking its fourth consecutive weekly decline. The currency was pressured by strong dollar demand from local oil companies and other factors such as volatility in the Chinese yuan and outflows from local equities. Some analysts expect the rupee to weaken further in the coming weeks. The dollar index remained steady, while Asian currencies were mixed. Investors are now awaiting the release of US personal consumption expenditure price index data.
View Source
Rupee gains alongside Asian peers as US policy worries trouble dollar
Economic Times
·
1m ago
Medial
The Indian rupee strengthened against the U.S. dollar alongside most Asian currencies, driven by concerns over U.S. fiscal policies and trade deal uncertainties, which weakened the dollar. The rupee rose 0.3% to close at 85.52 per dollar but remained rangebound due to local bank activities. Asian currencies gained slightly as the dollar index hit its lowest since February 2022. The redistribution of global portfolio flows is expected to benefit Asian economies like India and Indonesia.
View Source
Rupee jumps most in a month as Iran-Israel ceasefire sparks relief rally
Economic Times
·
1m ago
Medial
The Indian rupee experienced its largest single-day rise in a month, closing at 85.9750 against the U.S. dollar after a ceasefire between Israel and Iran led to a drop in oil prices. The relief rally strengthened Asian currencies and boosted risk sentiment. The dollar weakened as oil prices fell, while traders engaged in dollar sales and adjusted rupee bets. Indian stock indexes rallied but gains were limited amid geopolitical concerns.
View Source
Rupee ends lower despite rise in most Asian peers; US Fed chair's remarks in focus
VCCircle
·
10m ago
Medial
The Indian rupee closed weaker against the US dollar despite most Asian currencies posting gains. The rupee was weighed down by importer and interbank dollar bids, as well as the unwinding of interbank long positions. The currency has been trading with a positive bias since the US Federal Reserve announced a 50 basis points rate cut, but has struggled to rise above a key resistance level. The rupee's gains have also been limited by speculative positioning and passive absorption of dollar inflows by the Reserve Bank of India.
View Source
Rupee extends slide on foreign outflows, dollar demand from oil firms
Economic Times
·
4d ago
Medial
The Indian rupee continued its decline against the U.S. dollar due to ongoing foreign outflows and strong dollar demand from importers, especially state-run oil companies. The rupee closed at 87.6550 to the dollar, weakened by dollar buying throughout the day. Foreign investors sold $2 billion in Indian equities in July, maintaining pressure on the rupee. The Reserve Bank of India's upcoming monetary policy decision may impact the currency's future trajectory. Other Asian currencies showed gains.
View Source
Rupee logs weekly decline, likely to trade sideways
VCCircle
·
1y ago
Medial
The Indian rupee closed nearly unchanged against the US dollar on Friday, as importer dollar demand weighed on the currency. While most Asian currencies gained, the rupee remained in a tight range as dollar demand from local oil companies and importers limited its gains. The rupee is expected to trade sideways between 83.35 and 83.70 in the near term. Focus now turns to the release of the US non-farm payrolls report, which is expected to influence expectations of the Federal Reserve's future rate cuts.
View Source
Rupee continues to hover around 84/$ mark amid volatility
VCCircle
·
11m ago
Medial
The Indian rupee remained stable against the US dollar, closing at 83.9475 on Wednesday. Early gains for the rupee were offset by demand for the dollar from importers and foreign banks. The dollar index dropped by 0.1% to 102.4, benefiting Asian currencies. However, investors are awaiting US retail inflation data to determine the potential for Federal Reserve rate cuts this year. The rupee is expected to remain within its current range unless there are significant inflows or surprising US inflation data.
View Source
Rupee ends at fresh record low but fares better than regional peers
VCCircle
·
9m ago
Medial
The Indian rupee hit a new all-time low against the US dollar, but performed better than other Asian currencies due to dollar sales from state-run banks. The rupee closed at 84.08 against the dollar, slightly down from the previous session. The US dollar has been strengthened by rising bets on a Donald Trump victory in the US presidential election and expectations of interest rate cuts by the Federal Reserve. While other Asian currencies saw declines, the rupee is not expected to experience significant volatility as the Reserve Bank of India is likely to limit large moves.
View Source
Rupee drops below 84 per dollar on equity outflows, oil prices
VCCircle
·
10m ago
Medial
- Indian rupee falls below 84 per dollar for the first time on concerns of oil prices and foreign outflows from equity market. - The Reserve Bank of India (RBI) had defended the 84 level, but the rupee breached it on Friday. - RBI intervened by instructing state-run banks to sell dollars to prevent a sharp fall in the rupee. - The rupee may face further pressure, but the RBI is expected to only allow marginal depreciation to maintain stability. - Factors contributing to the rupee's decline include rising oil prices, foreign selling of Indian shares, and a widening trade deficit leading to a shrinking balance of payments surplus. - Asian currencies have performed better than the rupee recently, while expectations rise for the Indian central bank to cut rates.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
