Rupee inches 2 paise higher to 78.02 against U.S. dollar in early trade
The Hindu
On Monday, the rupee depreciated by 11 paise to close at a fresh lifetime low of 78.04 against the U.S. dollar
The rupee rebounded from its all-time low level and inched higher by 2 paise to 78.02 against the U.S. dollar in opening trade on Tuesday.
At the interbank foreign exchange, the rupee opened at 78.02 against the dollar, registering a rise of 2 paise over its previous close.
In initial deals, the domestic unit also surged to 77.90 against the American currency but could not hold on to the gains and touched 78.06.
On Monday, the rupee depreciated by 11 paise to close at a fresh lifetime low of 78.04 against the U.S. dollar.
The Indian rupee opened flat against the dollar on Tuesday as gains from easing domestic inflation worries negated the overnight strength of the greenback, said Sriram Iyer, Senior Research Analyst at Reliance Securities.
Retail inflation eased to 7.04% in May, mainly on account of softening food and fuel prices as the government as well as the RBI stepped in to control spiralling price rise by way of duty cuts and repo rate hike.
However, the inflation print stayed above the Reserve Bank's upper tolerance level of 6% for the fifth month in a row. This may prompt the central bank to further hike the repo rate at its next policy meeting in August.
Stock markets decline for the second consecutive day, with Sensex dropping 245 points amid geopolitical tensions and foreign fund outflows.
IOC and BPCL announce significant oil discoveries in Abu Dhabi, enhancing India’s energy security and expanding their international portfolio.
Wholesale price inflation rises to 0.83% in December 2025, driven by increasing food and manufactured goods prices.
Nestle CEO apologizes for infant formula recall, assuring customers that all affected batches have been announced.
China's trade surplus reaches a record $1.2 trillion, driven by rising exports despite geopolitical tensions and slowing U.S. shipments.
Amazon said it held discussions with some vendors about adjusting costs to reflect the reduction in tariff rates
PFRDA seeks tax neutrality across all NPS payout plans to enhance customer choice and meet diverse pension needs.
Garuda Aerospace and BEL sign MoU to collaborate on supplying advanced drones for India's Defence Forces and security agencies.
Stock markets remain flat amid volatility, with foreign investors selling off equities while domestic buyers show activity.
Microsoft said Tuesday it will shoulder the full electricity costs of its US data centres to prevent American households from facing higher power bills driven by surging AI
The GPU sector is dominated by Nvidia, now the world's most valuable company thanks to frenzied global demand and optimism for AI.
1.2L Turbocharged iTurbo Revotron engine and a twin-cylinder iCNG technology paired with an AMT gearbox.
The Passenger Vehicle PV) segment clocked its highest-ever sales in a calendar year 2025 (CY25) at 44.90 lakh units, growing 5% Year on Year (YoY) driven by Q3 offtake, according to the data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.