Rupee closed lower at 85.2050 per Dollar on Tuesday (24 December 2024), versus its previous close of 85.1700 per Dollar. The market will be shut for trading tomorrow on account of holiday for Christmas. The trading will resume on Thursday (26 December 2024).Powered by Capital Market - Live News

The Indian rupee extended the slide for the second straight session and depreciated 9 paise to settle at a fresh all-time low of 85.20 (provisional) against the US dollar on Tuesday, dragged by a strong greenback against major crosses overseas and subdued domestic equities. Indian shares fluctuated before ending on a flat note Tuesday ahead of the Christmas holiday. The benchmark S&P/BSE Sensex hit an intra-day high of 78,877.36 before reversing course to end the session down 67.30 points, or 0.09 percent, from its previous close. Likewise, the broader NSE Nifty index closed down 25.80 points, or 0.11 percent, at 23,727.65, after having hit a high of 23,867.65 earlier. Increased demand of dollar due to month-end payment obligation and the fear of an aggressive import tariff by the Donald Trump administration in the US strengthened the greenback. Powered by Capital Market - Live News

The dollar index continues to stay firm tracking higher US treasury yields near 4.6% amid expectations of fewer Federal rate cuts than expected in 2025. Lack of volume amid holiday thin trades is keeping the greenback in a bounded range. The dollar index that measures the greenback against a basket of currencies is quoting at 107.93, up 0.11% on the day and hovering near its recent two year high above 108 mark. On the data front, November durable goods preliminary data showed a -1.1%, but the prior figure was revised up from 0.3% to 0.8%, boosting the dollar. Consumer confidence for December fell to 104.7 from 111.7, partially offset by an upward revision for November to 112.8. Among basket currencies, EURUSD and GBPUSD were marginally lower at $1.0434 and $1.2527 respectively. Powered by Capital Market - Live News

Rupee closed unchanged at 85.1700 per Dollar on Monday (23 December 2024), versus its previous close at the same level on Friday.Powered by Capital Market - Live News

The Indian rupee stayed weak, adding to latest losses. INR is quoting at 85.13, down 9 paise on the day and testing fresh record low. India`s foreign exchange reserves dipped by $1.98 billion to $652.87 billion as of December 13, according to data shared by the Reserve Bank of India (RBI) on Friday. The Weekly Statistical Supplement released by the RBI showed that the primary contributor to this decline was the drop in Foreign Currency Assets (FCAs), which fell by $3 billion to $562.58 billion. The US dollar index stayed well supported, zooming up near 108 mark and holding just under two year highs as a recent uptick in treasury yields and steady economic trends kept sentiments positive for the US currency. Powered by Capital Market - Live News