The rupee gained 22 paise to 82.36 against the US dollar in early trade on Wednesday amid a positive trend in domestic equities
10-year bond yield rises above 7.45% for first time since November 7
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 105.25
In the week gone by, the rupee depreciated 0.4 per cent against the US dollar, settling at 82.83 per US dollar on February 17
The reserves stood at $566.95 billion in the week to Feb 10, down $8.3 billion from the previous week
The rupee depreciated 9 paise to 82.73 against the US dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.23 per cent to 104.34
Computer software and hardware manufacturing were the highest recipient of FDI at $8.07 billion
Fresh foreign fund inflows and a weak American currency against major rivals overseas capped the losses in the domestic unit, forex traders said
At the interbank foreign exchange, the domestic unit opened weak at 82.76 against the dollar, registering a decline of 3 paise over its last close
Outstanding amounts stable in December compared to November
In FY22, outflows under the LRS scheme at $19.61 billion was an all-time high
The US Fed has hiked interest rates by a total of 450 basis points since March 2022
RBI likely sold dollars to shield rupee amid Fed hike concerns
From June to October, the central bank sold dollars every month
The reserves stood at a one-month low of $566.95 billion at the end of last week, down from $575.27 billion at the end of the prior week, during which it fell 1.5%
The central bank's move to sell dollars in the NDF before the open was likely aimed at ensuring that rupee does not fall below 83, the bankers said
The rupee depreciated 8 paise to 82.78 against the US dollar in early trade on Friday, weighed down by a strong American currency and a muted trend in domestic equities
Forex traders said upbeat domestic trade deficit data and foreign fund inflows supported investor sentiments
The non-deliverable forwards indicate that the rupee will open at around 82.85-82.90 to the dollar, compared with 82.7550 in the previous session