US Dollar

In early trade on June 29, the Indian currency decreased hitting a low record at 78.96 against the US dollar. At the interbank foreign exchange, the rupee opened at 78.86 against the US dollar, then inched to quote 78.96, registering a slip of 11 paise. Furthermore, Sensex was trading 474.05 points or 0.89% higher at 52,703.40 and the NSE Nifty advanced 137.75  points to 15,712.45.

The Indian currency increased by 6 paise to 78.27 against the US dollar in an opening trade, on June 27. At the interbank foreign exchange, the rupee opened at 78.24 against the US dollar, then inched lower to quote 78.27, registering a gain of 6 paise. Furthermore, sensex was trading 589.05 points or 1.12 per cent higher at 53,317.03, and the NSE Nifty advanced 179.65 points to 15,878.90.

In early trade on May 24, the rupee began flat versus the US dollar, pressured down by continued foreign money outflows and rising crude oil prices. The rupee opened at 77.56 relative to the dollar on the interbank foreign exchange market. The Rupee gained 18 paise versus the US dollar on May 23, closing at 77.52. On May 24, the share market started in green.

The Indian rupee fell 30 paise to an all-time low of 77.55 versus the US dollar in early trading on May 12 following a larger loss in Asian currencies and a disappointing performance in domestic equities markets. For the second time this week, the rupee has hit a new low. The rupee was trading at 77.25 against the dollar in the previous session. 

Taliban declared total ban on usage of foreign currency in the nation and threatened to punish anybody who violates the rule. In Afghanistan's marketplaces, US dollar is the most widely used means of exchange. Furthermore, US, World Bank, and IMF have restricted Afghanistan's access to more than USD 9.5 billion since the Taliban takeover. "The Islamic Emirate (Taliban) instructs all citizens to conduct all transactions in Afghanis," Taliban… read-more