Indian Rupee Climbs To 10-day High Against U.S. Dollar

RTTNews | 1046天前
Indian Rupee Climbs To 10-day High Against U.S. Dollar

(RTTNews) - The Indian rupee firmed against the U.S. dollar in late morning deals on Monday, as growing fears over a recession weighed on the latter.

Investors await speech from Federal Reserve chair Jerome Powell this week for more clues about the monetary policy outlook.

Major central banks, including the Fed, delivered rate hikes last week, renewing worries about a a potential global recession.

The Indian rupee touched a 10-day high of 77.89 against the greenback from Friday's close of 77.92. If the rupee rises further, 76.00 is likely seen as its next resistance level.

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Indian Rupee Rises On Trade-deal Hopes

Indian Rupee Rises On Trade-deal Hopes

The Indian rupee strengthened against the U.S. dollar in the European session on Wednesday, as investor mood was bolstered by trade-deal prospects and foreign fund inflows.
RTTNews | 19小時39分鐘前
Indian Rupee Falls To 3-week Low As RBI Cuts Repo Rate By 25 Bps

Indian Rupee Falls To 3-week Low As RBI Cuts Repo Rate By 25 Bps

The Indian rupee weakened against the U.S. dollar in the European session on Wednesday, after the Reserve Bank of India reduced its key policy rates for the second straight meeting and also changed its monetary policy stance to accommodative.
RTTNews | 21天前