At the interbank foreign exchange, the rupee opened at 84.07 against the greenback and traded on a flat note in early deals

The local unit was also weighed down by elevated crude oil prices as well as firm American currency amid rising U.S. treasury yields, forex traders said.

The rupee remains flat against the dollar amid oil prices, foreign fund withdrawals, and market

At the interbank foreign exchange market, the domestic unit opened at 84.06 against the greenback and remained almost standstill throughout the session

The rupee trades range-bound, appreciates slightly against USD and impacted by foreign fund outflows and strong dollar

The local currency touched its lowest closing level of 84.10 against the dollar on October 11.

Forex traders said the strength of the American currency in overseas markets dented investor sentiments, while easing crude oil prices and any intervention by the Reserve Bank of India (RBI) may support the local currency at lower levels

At the interbank foreign exchange, the rupee opened at 84.06 against the greenback. It traded in a tight range and ended the day at 84.09 (provisional), down 4 paise from its previous close

The rupee rises slightly against dollar amid strong dollar and foreign fund outflows; RBI intervention expected to support local currency

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.08% lower at 103.91

Forex traders watch U.S. election impact on markets as rupee hits record low against dollar, with RBI intervention expected

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Forex traders said RBI interventions will keep the USD/INR pair between 83.80 and 84.35. Moreover, the U.S. Federal Reserve monetary policy and officials' comments will be in focus to derive further momentum

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Forex traders said the U.S. Federal Reserve's recent decision to cut interest rates signals a shift in the global financial landscape

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows

The rupee hits new lifetime low of 84.39 against USD, weighed down by foreign fund outflows and equities

Forex traders said the rupee is expected to trade between 83.80 and 84.50 in the medium term with the Reserve Bank of India likely limiting any significant downside

A SBI research report on November 11, 2024 said that the rupee may depreciate 8-10% against the US dollar during the Trump 2.0 regime.

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