Rupee settles 5 paise lower at 83.73 against U.S. dollar
The Hindu
Rupee opens higher at 83.67 due to weak dollar, but falls to 83.73 on demand and oil prices.
The rupee declined 5 paise to settle at 83.73 against the U.S. currency on Thursday amid a rise in demand for the dollar and an increase in crude oil prices.
The rupee opened at higher at 83.67 due to weakness in the U.S. dollar in overseas markets after the US Federal Reserve hinted at a rate cut in near future.
The unit however failed to hold onto gains and fell to the day's low of 83.75 later. The domestic unit settled at 83.73 (provisional), down 5 paise from the previous close.
At the interbank foreign exchange market, the domestic currency had closed at 83.68 against the U.S. dollar on Wednesday.
Forex traders said gains from a weak dollar were offset by month-end dollar demand and rising crude prices.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rebounded from early lows and gained 0.29% to 104.17 in late Asian trade.
Brent crude -- the global oil benchmark -- rose by 0.78% to $81.47 per barrel in futures trade.
India seeks alternative sources for specialty fertilizers from Belgium, Egypt, and others due to China's export restrictions.
India and Russia commit to enhancing trade in national currencies, aiming for $100 billion bilateral trade by 2030.
Stock markets soar as RBI cuts interest rates, with Sensex rising 447 points amidst positive investor sentiment and revised growth forecasts.
AAP's Raghav Chadha calls for banning 10-minute delivery services, highlighting the harsh conditions faced by gig workers.
IndiGo flight cancellations: Follow LIVE updates from The Hindu as IndiGo's operations face issues with over 400 flights cancelled today.
DGCA grants IndiGo exemption from night-duty limits for pilots amid widespread flight cancellations and operational disruptions.
RBI to launch a two-month campaign in January 2026 to address pending grievances with the Ombudsman for improved customer service.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.