US Dollar

The rupee gained 24 paise to 81.78 against the US dollar in early trade on Monday tracking a positive trend in domestic equities and foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 81.90 against the dollar, then climbed to 81.78, registering a rise of 24 paise over its previous close. On Thursday, the rupee closed at 82.02 against the US currency. On April 7, equity and forex markets were closed on account of Good Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 102.20. Brent crude futures, the global oil benchmark, declined 0.22 per cent to USD 84.93 per barrel. On the domestic side, the rupee remained largely unaffected after the Reserve Bank of India Monetary Policy Committee meeting. "The pause in the rate hike could further squeeze down the interest rate differential between the US and India and could put pressure on the rupee. Moreover, the market will .

The investment bank estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults

For markets, this could make for a highly volatile session

Near-term momentum favours the rupee "on margin", a spot trader at a private sector bank said, but cautioned that important data points lined up through the week could fuel volatility on the rupee

The rupee appreciated by 24 paise to 82.08 against the US currency in early trade on Wednesday due to a weak dollar in overseas markets and forex inflows. At the interbank foreign exchange market, the rupee opened higher at 82.08 against the US dollar and moved in a narrow range of 82.04 to 82.10 later in early deals. The local unit was trading at 82.08 to a dollar at 9.35 AM. It had closed at 82.32 on Monday. Forex markets were closed on Tuesday for Mahavir Jayanti. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.03 per cent to 101.56 after a weak set of economic data bolstered expectations of the end of US Fed rate hike cycle. Oil prices also moved in a narrow range in early Asian trade on Wednesday as weak US economic data weighed on the demand scenario despite a surprise production announced by oil cartel OPEC and its allies. Back home, investors are likely to remain cautious ahead of RBI's monetary policy decis

The Pakistani rupee sank to Rs 287.29 against the US dollar, a record low on Tuesday as the cash-starved country struggles to unlock critical International Monetary Fund (IMF) funding while dwindling foreign exchange reserves become another source of concern for investors, a media report said. The local unit, in the interbank market, closed at 287.29 against the US dollar, 0.78 per cent or Rs 2.25, down from Monday's close of 285.04, Geo News reported. Last month, the rupee hit a record low, closing at Rs 285.09 per US dollar on March 2, the data released by the State Bank of Pakistan (SBP) showed. According to financial experts, Financial importers have resumed the panic buying of US dollars, while the supply of foreign currency remained low in the interbank market. Pakistan's loan programme is yet to materialise months after it raised taxes and energy prices and allowed the currency to depreciate to meet IMF's conditions. The nation has missed multiple deadlines to resume its ...

The book-building process would go through the day, when the final coupon rate and quantum would be closed, merchant bankers said

The rupee depreciated 25 paise to 82.46 against the US dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.44 against the dollar, then fell to 82.46, registering a decline of 25 paise over its last close. On Friday, the rupee settled at 82.21 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.48 per cent to 102.99. Brent crude futures, the global oil benchmark, advanced 5.50 per cent to USD 84.28 per barrel. "... Appreciation in rupee shall remain limited to 81.50-81.80 zone where importer can target buying and upside shall for now remain protected towards 82.70-82.90 region for this week," CR Forex Advisors MD-Amit Pabari said. "With a holiday shortened week, highlights would be the RBI policy due on April 6 and US payrolls due on April 7," Pabari added. The Monetary Policy Commit

The rupee appreciated by 24 paise to 82.10 in early trade on Friday following foreign fund inflows and a fall in crude oil prices. Gains in the local stock market and weakness in the US dollar in early Asian trade also boosted the rupee sentiment. At the interbank foreign exchange market, the rupee opened higher at 82.12 and stayed in the green in early trade. It moved in a range of 82.16 to 82.10 in early deals. The rupee had closed lower by 18 paise at 82.34 to a dollar on Wednesday. The forex market was closed on Thursday for Ram Navami. FIIs have turned net buyers in Indian markets following the ebbing of the banking contagion fears. The fact that there have been no further bank failures or major stress in the system has boosted FII flows, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said. The dollar index, which gauges the greenback's strength against a basket of six currencies, rebounded from early lows to trade 0.05 per cent higher at 102.20. It

The era of low interest rates and easy credit is over in the Asia Pacific region. Amid greater market volatility and slower Asia-Pacific economies, funding access could tighten sharply, said S&P Global Ratings in a report.

The rupee declined by 10 paise to 82.26 against the US dollar in opening trade on Wednesday due to firm crude oil prices and a stronger greenback in overseas markets. Early gains in domestic stock markets however restricted the rupee losses against the dollar. At the interbank foreign exchange market, the rupee opened lower at 82.26 against the previous close of 82.16. The dollar index, which gauges the greenback's strength against a basket of six currencies, rebounded by 0.15 per cent to 102.58 in early Asian trade. Global oil benchmark Brent crude futures firmed up by 0.19 per cent to USD 78.80 per barrel. On the domestic equity market front, the 30-share BSE Sensex rose by 123.64 points or 0.21 per cent to 57,737.36 while NSE Nifty gained 53.70 points or 0.32 per cent to 17,005.40 in early trade. Foreign Institutional Investors (FIIs) turned net buyers in the capital market on Tuesday as they bought shares worth Rs 1,531.13 crore, according to exchange data.

The rupee was at 82.1825 to the dollar by 11.14 a.m. IST compared with 82.37 in the previous session

The rupee gained 9 paise to 82.31 against the US dollar in early trade on Monday amid a weak dollar and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 82.36 against the dollar, then climbed to 82.31, registering a rise of 9 paise over its previous close. On Friday, the rupee closed at 82.40 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 103. Brent crude futures, the global oil benchmark, advanced 0.04 per cent to USD 75.02 per barrel. In the domestic equity market, the 30-share BSE Sensex advanced 220.99 points or 0.38 per cent to 57,748.09 points. The broader NSE Nifty gained 76.10 points or 0.45 per cent to 17,021.15 points. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Friday as they offloaded shares worth Rs 1,720.44 crore, according to exchange data. Meanwhile, India's forex kitty ros

The rupee slipped by 4 paise to 82.24 against the US dollar in early trade on Friday amid a stronger dollar in the overseas markets and losses in domestic equities. At the interbank foreign exchange market, the local unit opened lower by 12 paise at 82.32 as the US dollar rebounded against global currencies in early Asian trade. The rupee pared some of the losses to trade at 82.24, registering a loss of 4 paise over the previous close of 82.20 on Thursday. Traders said a stronger US dollar and losses in domestic equities weighed on the local unit. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 102.63. Crude oil prices declined in early Asian trade on reports that the US is likely to defer restocking of its strategic reserves despite current low prices. Global oil benchmark Brent crude slipped 0.16 per cent to USD 75.79 per barrel. Benchmark BSE Sensex declined by 63.71 points or 0.11 per

Futures imply around a 50% chance of one more quarter-point hike, in contrast to Europe where markets see around 50 bps of further tightening

So far in 2023, the rupee has gained 0.5 per cent against the US dollar

Forward book surges $10.76 bn as central bank picks up dollars

Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger

The rupee continued its upward trend and rose 11 paise to 82.48 against the US dollar in early trade on Monday, tracking fall in crude oil prices and firm Asian currencies. Traders said, strong dollar and negative sentiments across the global as well as domestic equity markets capped the gain in the rupee. At the interbank foreign exchange, the domestic unit opened stronger at 82.48 against the US dollar and then slipped to 82.52. It gained further to 82.48, registering a gain of 11 paise. The Indian currency traded between 82.46 and 82.55. On Friday, the rupee settled at 82.59 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.16 per cent higher at 103.87. Global oil benchmark Brent crude futures fell 0.52 per cent to USD 72.59 per barrel. The 30-share BSE Sensex was trading 461.61 points or 0.80 per cent lower at 57,528.29 points while the broader NSE Nifty was down 158.05 points or 0.92 per cent

The domestic currency has experienced turbulence since February due to apprehensions of more rate hikes by the US Federal Reserve