Currency watch: Rupee sinks 47 paise to close at 88.69 against dollar; Fed’s hawkish tone, weak markets weigh on sentiment – The Times of India

Currency watch: Rupee sinks 47 paise to close at 88.69 against dollar; Fed’s hawkish tone, weak markets weigh on sentiment – The Times of India

The rupee slumped 47 paise to end at 88.69 against the US dollar on Thursday, pressured by a stronger greenback, weak domestic equities, and hawkish commentary from the US Federal Reserve that dented global risk appetite.Traders said the local unit came under sustained pressure through the session amid month-end dollar demand from oil marketing companies…

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Currency watch: Rupee falls 13 paise to all-time low of 88.81 against US dollar; FII outflows, dollar strength weigh – The Times of India

Currency watch: Rupee falls 13 paise to all-time low of 88.81 against US dollar; FII outflows, dollar strength weigh – The Times of India

The Indian rupee fell 13 paise to close at an all-time low of 88.81 against the US dollar on Tuesday, pressured by weak domestic equities and a firm dollar amid global risk-off sentiment, according to market sources.Forex traders said foreign fund outflows amid risk-averse global conditions further dented investor sentiment. However, a drop in crude…

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