
Rupee Weakens as Strong Dollar and Oil Prices Add Pressure
The Indian rupee edged lower to 88.69 against the U.S. dollar on Monday, influenced by a strengthening greenback and rising global crude oil prices.
5 articles tagged

The Indian rupee edged lower to 88.69 against the U.S. dollar on Monday, influenced by a strengthening greenback and rising global crude oil prices.

The Indian rupee held its ground just shy of a record low on Monday, closing at 88.7775, as the Reserve Bank of India actively intervened to counter strong U.S. dollar demand.

The Securities and Exchange Board of India (SEBI) is developing a remote, digital KYC system to help Non-Resident Indians invest in Indian markets more easily.

Foreign portfolio investor (FPI) selling in Indian markets significantly slowed in October due to reduced valuation gaps and improved growth prospects, with FPIs turning buyers in cash market.

Gold prices in India rose on Monday, influenced by the U.S. Federal Reserve's interest rate policy and persistent geopolitical tensions boosting its safe-haven appeal.