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Economic Times
04-08-2025
- Business
- Economic Times
Rupee extends slide on foreign outflows, dollar demand from oil firms
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian rupee extended its decline against the U.S. dollar on Monday, pressured by persistent foreign outflows and sustained dollar demand from importers, particularly state-run oil companies, traders and analysts rupee closed at 87.6550 to the dollar, compared with Friday's close of currency had opened stronger at 87.2250, tracking a weaker dollar after a softer-than-expected U.S. jobs report on Friday raised expectations of a Federal Reserve rate cut in dollar index was down 0.27% at 98.92 as of 1025 dollar-buying through the day, especially by oil importers, erased early gains, traders rupee had dropped to 87.74 last Thursday, its lowest since February and just shy of its record low of 87.95, following former U.S. President Donald Trump 's announcement of a steeper-than-expected 25% tariff on Indian Reserve Bank of India intervened through the week to support the currency, traders said."Consistent foreign outflows from local stocks and elevated corporate dollar demand are likely to keep the rupee under pressure," a trader at a private bank investors sold $2 billion worth of Indian equities on a net basis in intraday volatility, the rupee may stabilise in the coming days, said Dilip Parmar, foreign exchange analyst at HDFC RBI's rate decision at its monetary policy meeting later this week could also influence the local currency's trajectory, Parmar other Asian currencies gained on Monday, led by the Malaysian ringgit's rebound of nearly 1% as dollar weakness offered relief from recent losses.
Time of India
04-08-2025
- Business
- Time of India
Rupee extends slide on foreign outflows, dollar demand from oil firms
The Indian rupee extended its decline against the U.S. dollar on Monday, pressured by persistent foreign outflows and sustained dollar demand from importers, particularly state-run oil companies, traders and analysts said. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian rupee extended its decline against the U.S. dollar on Monday, pressured by persistent foreign outflows and sustained dollar demand from importers, particularly state-run oil companies, traders and analysts rupee closed at 87.6550 to the dollar, compared with Friday's close of currency had opened stronger at 87.2250, tracking a weaker dollar after a softer-than-expected U.S. jobs report on Friday raised expectations of a Federal Reserve rate cut in dollar index was down 0.27% at 98.92 as of 1025 dollar-buying through the day, especially by oil importers, erased early gains, traders rupee had dropped to 87.74 last Thursday, its lowest since February and just shy of its record low of 87.95, following former U.S. President Donald Trump 's announcement of a steeper-than-expected 25% tariff on Indian Reserve Bank of India intervened through the week to support the currency, traders said."Consistent foreign outflows from local stocks and elevated corporate dollar demand are likely to keep the rupee under pressure," a trader at a private bank investors sold $2 billion worth of Indian equities on a net basis in intraday volatility, the rupee may stabilise in the coming days, said Dilip Parmar, foreign exchange analyst at HDFC RBI's rate decision at its monetary policy meeting later this week could also influence the local currency's trajectory, Parmar other Asian currencies gained on Monday, led by the Malaysian ringgit's rebound of nearly 1% as dollar weakness offered relief from recent losses.
BBC News
30-01-2025
- Climate
- BBC News
Guernsey: Wettest day recorded since the summer, says Met Office
Heavy downpours on Wednesday led to Guernsey's wettest day since last summer, the Met Office Guernsey Met Office said 33.3mm (1.3in) of rainfall was recorded in a 24-hour period at Guernsey Airport, a third of the island's 92mm (3.6mm) monthly average for January. "We now stand at 148.1mm (5.83in) month to date," forecasters said, which was the wettest day since 23 Police warned islanders of flooding and said affected areas, including Route Des Safes in St Pierre Du Bois, were prone to floods. The Met Office said most of the rain had fallen across a period of eight hours, between 08:00 and 16:00 "it was short of any records", it said."Wettest January day was in 2001 (35.8mm/1.41in) and the wettest day on record was in July 2004 (62.5mm/2.46in)."
