The domestic currency has experienced turbulence since February due to apprehensions of more rate hikes by the US Federal Reserve
The rupee reversed its four-day losing streak and rose 25 paise to 82.51 against the US dollar in early trade on Friday amid positive trends in the domestic as well as global equity markets
The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise to 82.77 (provisional) against the US dollar amid mixed global equity market cues and foreign fund outflows
Global oil benchmark Brent crude futures rose 0.61 per cent to USD 74.14 per barrel
Short-term instruments, such as T-bills, are extremely sensitive to interest rate expectations
The rupee declined by 25 paise to 82.62 (provisional) against the US dollar on Wednesday amid a strong greenback against major currencies overseas and unabated foreign fund outflows
The dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.10 per cent lower at 103.49
A rebound in the dollar index, caused by the global flight to safety of the US currency, took a toll on Asian currencies, including the rupee
This is the second consecutive day of decline in the Indian currency. On Monday, the rupee settled at 82.23 against the US dollar
The rupee depreciated by 12 paise to 82.35 against the US dollar in early trade on Tuesday, amid stronger dollar and foreign fund outflow from the domestic equity market
The rupee appreciated by 25 paise to 81.81 against the US dollar in early trade on Monday, tracking positive sentiments in the domestic equity market and subdued dollar against major currencies.
The rupee depreciated by 8 paise to 82.14 against the US dollar in early trade on Friday, weighed down foreign fund outflows and losses in domestic equities.
The rupee gained 13 paise to 81.82 against the US dollar in early trade on Thursday, boosted by foreign fund inflows
So far in 2023, the yield on the 10-year bond has jumped 12 basis points (bps)
In a bid to bring down high inflation, the Fed has, since March 2022, hiked interest rates by 450 basis points
Traders cautious before Fed Chair Powell's speech, market holiday
The rupee gained 24 paise to 81.73 against the US dollar in early trade on Monday amid a positive trend in domestic equities
The non-deliverable forwards indicate the rupee will open at around 81.85 to the dollar compared with 81.9650 in the previous session
Brent crude futures, the global oil benchmark, declined 0.39 per cent to USD 84.42 per barrel
Sustained foreign fund outflows further dented investor sentiments, according to forex traders