Rupee recovers from record low, rises 14 paise against U.S. dollar in early trade
The Hindu
On Tuesday, the rupee declined by 17 paise to close at its all-time low of 77.71 against the U.S. currency
Recovering from its record low, the rupee rose by 14 paise to 77.57 against the U.S. dollar in early morning trade on Wednesday.
At the interbank foreign exchange, the rupee opened at 77.58 against the American dollar, then inched higher to quote at 77.57, registering a rise of 14 paise from the last close.
On Tuesday, the rupee declined by 17 paise to close at its all-time low of 77.71 against the U.S. currency as surging U.S. bond yields dampened the appeal of riskier assets.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.17% higher at 101.92.
Global oil benchmark Brent crude futures rose 0.96% to $122.84 per barrel.
"The Indian GDP came as expected at 4.1%, while the fiscal deficit for 2021-22 was at 6.7% of GDP against the budgeted 6.9% indicating a robust tax collection," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.
Mr. Bhansali further said that the range for the rupee is still between 77.40 and 77.80 with oil companies and foreign portfolio investors (FPI) standing at one end and the Reserve Bank of India (RBI) at the other end.
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.
Human + AI will define the future of work and nearly all HR leaders (97%) anticipate that by 2027, the nature of work will be shaped by humans working alongside AI rather than engaging with it only intermittently, said a Nasscom study conducted in association with Indeed, a US-based job site.
Central bankers express unity with Fed Chair Powell, emphasizing the importance of central bank independence amid political pressures.
Rice exporters urge India's Commerce Ministry for assistance in clearing payments amid Iran's civil unrest impacting trade.
PFRDA forms an expert committee to create a framework for assured payouts under the National Pension Scheme (NPS).
Petroleum Minister Hardeep Puri discusses LNG, LPG, and green hydrogen cooperation with British Columbia's Premier to enhance India-Canada energy partnership.
Rupee falls 4 paise to 90.21 against the dollar due to rising crude prices and geopolitical tensions.
Indian markets fell amid foreign fund outflows and profit-booking in blue chips, influenced by global tariff concerns and weak earnings.
Himachal CM Sukhu vows to address apple import duty concerns to protect local growers' livelihoods amid New Zealand trade changes.
India drops to third in Russian fossil fuel imports in December, as Reliance cuts crude purchases, totaling €2.3 billion.
Meta plans to cut around 10% of the employees in its Reality Labs division who work on products including the metaverse, the New York Times reported