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Rupee weakens against dollar due to strong American currency, outflow of foreign funds, but cushioned by lower oil prices.
Capital Market on MSN58m

INR fails to sustain gains

The Indian rupee depreciated 2 paise to 86.40 against the US dollar in early trade on Wednesday, amid outflow of foreign funds and higher international crude oil prices.
India's foreign exchange reserves provide a 95% cover for the nation's outstanding external debt, according to recent data from the Reserve Bank of India (RBI).
According to experts, investors are awaiting the outcome of India-US trade talks ahead of the August 1 deadline as Indian ...
India’s benchmark equity indexes, the BSE Sensex and Nifty 50 closed higher by about 0.6% each, tracking gains in global ...
CHENNAI: Indian stock markets ended higher on Wednesday, July 23, tracking strength in global equities and positive sentiment around ongoing corporate earnings ...
Pakistan’s power distribution companies (DISCOs) collectively incurred additional losses of Rs. 276.81 billion during the ...
The Pakistani rupee (PKR) closed in green against the US Dollar (USD) but posted losses against the British Pound (GBP) on ...
Markets rebounded strongly with Nifty 50 closing above 20-day EMA, driven by global trade optimism and sectoral strength.
Senators in Pakistan have tabled a bill to ban under-16 social media users. If passed, Pakistan willfollow in Australia's footsteps.