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US Dollar

Gold sees its best week since the early COVID-19 days as global investors rushed to the metal amid rising economic uncertainty.

Indian foreign exchange reserves continued their upward momentum, rising by USD 6.596 billion to reach USD 665.396 billion as of March 28.

RBI data shows NRI bank deposits surged 42.8% to $13.33 billion between April and December 2024, up from $9.33 billion in 2023.

The rupee traded lower by 0.12, driven by a rising dollar index that climbed from $100.50 to $102.40. Experts noted ongoing tensions in the Middle East would likely keep oil prices high and weaken the rupee in the short term

Experts predict that the US rate cut will encourage central banks in other countries to consider similar actions

RBI Governor Shaktikanta Das says the Indian rupee is one of the world’s most stable currencies against the US dollar.

The rupee and other Asian currencies are under pressure as the dollar index rises amid speculation that the Fed may cut rates later this year

Foreign institutional investors (FIIs) were net sellers in the capital markets on Tuesday as they offloaded shares worth Rs 1,622.69 crore, according to exchange data.

At the interbank foreign exchange, the domestic currency opened at 82.87 and inched up further to trade at Thursday's closing level of 82.85 against the greenback.

At the interbank foreign exchange, the rupee opened at 83 against the dollar and touched an intraday high of 82.98 and a low of 83.08.