Currency Market

The RBI purchased US dollars worth $22.28 billion and sold US dollars worth $17.92 billion in November, data in the central bank's January 2023 Bulletin showed

Hope of reduced Fed rate hikes, lack of RBI dollar buys drive rupee gains

The rupee finished the year at 82.72 to the US currency, down from 74.33 at the end of 2021, while the dollar index was headed for its biggest yearly gain since 2015

China's capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic, with a surge in COVID cases sparking fresh restriction measures

As dollar index breaches key technical levels, outlook on rupee improves

Over the last three days of trade, the rupee had strengthened sharply against the US dollar, climbing to one-month highs. The domestic currency was at 82.89 on November 3

Bulk of CBDC wholesale pilot trading concentrated in liquid 5-yr, 10-yr bonds

Delhi's Chief Minister Arvind Kejriwal said that efforts to make India wealthy would only bear fruit with blessings from gods and goddesses.

Rupee trade with few nations may start, internationalisation will take time

The rupee pared its initial losses and settled 4 paise higher at 82.75 (provisional) against the US dollar on Friday, tracking a positive trend in domestic equities. At the interbank foreign exchange market, the local currency opened at 82.89 and witnessed a high of 82.59 and a low of 82.91. It finally settled at 82.75 against the American currency, registering a rise of 4 paise over its previous close. On Thursday, the rupee had rebounded from its lifetime low to close 21 paise higher at 82.79. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.47 per cent to 113.41. Global oil benchmark Brent crude futures fell 0.11 per cent to USD 92.28 per barrel. On the domestic equity market front, the 30-share BSE Sensex rose 104.25 points or 0.18 per cent to end at 59,307.15, while the broader NSE Nifty advanced 12.35 points or 0.07 per cent to 17,576.30. Foreign Institutional Investors (FIIs) were net buyers in the capital m

The fragile yen briefly weakened past 150 per dollar in early European trading for the first time since August 1990. It was last trading flat a little below that level

The rupee slipped to a record low of 83.2150 on Thursday

The rupee appreciated 6 paise to 82.34 against the US dollar in early trade on Wednesday as a firm trend in domestic equities strengthened investor sentiment. However, persistent foreign capital outflows capped the gains of the local unit, forex traders said. At the interbank foreign exchange, the domestic unit opened strong at 82.32 against the dollar, then lost some ground to quote at 82.34, a gain of 6 paise over its previous close. In the previous session on Tuesday, the rupee slipped 10 paise to end at 82.40 against the dollar The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.06 per cent to 112.06. Brent crude futures, the global oil benchmark, rose 0.59 per cent to USD 90.56 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 258.72 points or 0.44 per cent higher at 59,219.32. Similarly, the broader NSE Nifty rose 69.30 points or 0.40 per cent to 17,556.25. Foreign Institutional Investors (FIIs)

The rupee depreciated by 11 paise to close at 82.30 (provisional) against the US dollar on Monday as risk-off sentiment among investors and sustained foreign capital outflows weighed on the local unit. However, a rally in the domestic equities and a weak greenback overseas restricted the rupee's fall, traders said. At the interbank foreign exchange market, the local currency opened lower at 82.33 and later fell to a low of 82.42. The unit finally settled at 82.30 against the American currency, registering a decline of 11 paise over its previous close. In the previous session on Friday, the local currency had settled at 82.19 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.47 per cent to 112.78. Global oil benchmark Brent crude futures rose 0.28 per cent to USD 91.89 per barrel. On the domestic equity market front, the 30-share BSE Sensex surged 491.01 points or 0.85 per cent to end at 58,410.9

The Indian rupee on Monday held a narrow trading range once again as the Reserve Bank of India's likely intervention last week discourages speculators

In June, the RBI had said that of the outstanding ECBs of $180 billion, 44 per cent was unhedged

The build-up of positions in this segment of the market is forcing the RBI to spend more reserves to defend the rupee

Move comes amid sharp depreciation in rupee; says losses incurred by entities with such exposure could affect health of banking system

Currency depreciation of over 6% may have supported uptrend; industry players confident that prices have bottomed out

Travellers may switch to destinations against whose currencies the rupee has gained