Foreign investors withdrew over Rs 22,000 crore from Indian equities
In January so far, foreign investors have withdrawn Rs 22,194 crore from Indian equities.
In January so far, foreign investors have withdrawn Rs 22,194 crore from Indian equities.
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday.
The Indian rupee’s stability, despite external pressures from weak Asian currencies and rising US bond yields, highlights a nuanced approach by the Reserve Bank of India (RBI) in managing the currency.
The Indian rupee’s slide to a record low against the US dollar underscores the complex interplay of domestic and global economic factors that influence currency valuation.
During the four-hour trading session, the rupee touched an intra-day high of 75.72 and a low of 75.88.
The rupee opened at 75.49 against the US dollar, but pared the gains to settle at 75.59 against the US dollar, up 2 paise over its previous close.
The rupee opened at 75.53 against the US dollar, but pared the gains to settle at 75.61 against the US dollar, down 6 paise over its previous close.
The rupee opened at 75.59 against the US dollar and finally settled at 75.55, registering a rise of 3 paise over its previous close.
The spot is in indecisive market and going forward the focus will be on Jio-Mubadala deal related dollar flows.
