The Indian rupee opened little changed against the U.S. dollar on Tuesday.
The domestic currency opened at 79.73 against the greenback, but soon lost 0.02% to trade at 79.75.
Indian Rupee Value
Indian Rupee Goes From Asia’s Best to Worst in Two Weeks on Covid
The Indian rupee has turned into Asia’s worst-performing currency from being the best in the previous quarter. It’s poised for more losses as a resurgence in coronavirus cases to a record threatens to hamstring the economy.
Indian Rupee Appreciated Against the U.S. Dollar
The Indian rupee appreciated against the U.S. dollar, supported by strong local equities and the dollar index retreating from over three-month highs.
Indian Rupee Outperforms Peers Through Covid-19 Sell-Off
The Indian Rupee outperformance is despite large outflows from the local debt and equitymarkets.
Indian Rupee Up 0.22% to 71.63 Against Dollar
Indian rupee strengthened for the third consecutive session against the US dollar on Monday, amid mixed cues from other Asian currencies due to uncertainty over US-China trade deal.
Indian Rupee opened Higher at 71.70 per Dollar Against Yesterday’s Close of 72.02.
Indranil Pan, economist at IDFC Bank said that fading inflation risks will offer RBI room to provide greater flexibility to adjust rates either way depending on what’s needed.
Rupee Weakens For Third Day
The Indian rupee weakened for the third day in a row against the U.S. dollar. The home currency depreciated 0.44 percent intraday to 72.18 against the greenback.