Page 4 - Forex Market

Rupee declines to record low of 80.01 to a dollar as foreign funds exit

The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum

Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark

The dollar index was weak in Monday afternoon trade in Asia after several Federal Reserve officials signalled they did not favour stepping up the rate hiking pace, says an analyst

Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low

The country's foreign exchange reserves had declined by $8 billion in the week ended July 8 to hit a 15-month low of $580.25 billion as RBI stepped intervention in the forex market

Rupee at lifetime low to hit imports, overseas education, travel

The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price

Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards

The rupee was trading at 79.80 against the US dollar at 10.10am IST, compared to its close of 79.64 on Wednesday

Strength and opportunity: What rupee going 'international' will mean

The rupee is partially convertible. It attained current account convertibility in the early- through mid-1990s. This means the rupee can be converted to any foreign currency at existing market rates

Rupee drops to new low of 79.62 against USD amid domestic equities' losses

At the interbank forex market, the local unit opened strong at 79.55 against the greenback but could not hold on to gains and slipped in the negative territory

Top headlines: SC sentences Mallya to 4 months in jail; rupee hits new low

The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya

Rupee rises 9 paise from record low to 79.24 against dollar in early trade

In initial trade, the local currency witnessed a high of 79.24 and a low of 79.31 against the US dollar

Chinese currency weakens 260 pips to 6.7246 against dollar in early trade

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day

RBI fighting on several fronts to slow rupee's decline to fresh records

The rupee closed down 0.3% to 78.97 a dollar on Wednesday, extending this year's losses to 5.9%. RBI's stated stance is that it intervenes to curb currency volatility

Rupee slips by 1 paisa, settles at all-time low of 78.33 against US dollar

During the day, the local unit witnessed an intra-day high of 78.19 and a low of 78.35 against the American currency.

Fall in onshore forward premiums could push Indian rupee even lower

On Wednesday, the rupee touched a record low of 78.39 against the dollar despite a sharp fall in global crude oil prices, pushing forward premiums down

Rupee rises 5 paise to 78.05 against dollar amid foreign capital outflow

At the interbank forex market, the rupee opened strong at 78.03 against the greenback and witnessed an intra-day high of 78.02 and a low of 78.10

Rupee slides 11 paise against US dollar, breaches 78-mark for first time

The local unit finally settled at its all-time low of 78.04, down 11 paise over its previous close of 77.93

Dollar at two-decade high against six major peers, yen tumbles to 1998 lows

A sell-off across markets saw European stocks fall for a fifth straight session, while Bitcoin tumbled 9% to 18-month lows around $24,000

Foreign exchange reserves down by $306 mn at $601.057 bn, show RBI reports

After rising for two consecutive weeks, the country's foreign exchange reserves declined by $306 million to $601.057 billion in the week ended June 3, according to RBI data.

Traders brace for euro's decisive moment at ECB's policy meeting

A decidedly hawkish pivot could help convince bears that policy makers are determined to tighten financial conditions despite the headwinds

Rupee recovers from record low, spurts 20 paise to 77.51 per US dollar

The rupee on Wednesday recovered from its record low to close 20 paise higher at 77.51 (provisional) against the American currency. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day's trade. The rupee finally ended at 77.51, higher by 20 paise over its previous close. On Tuesday, the rupee had declined by 17 paise to close at its all-time low of 77.71 against the US currency as surging US bond yields dampened the appeal of riskier assets. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 101.90. Brent crude futures, the global oil benchmark, surged 1.84 per cent to USD 117.73 per barrel. "Rupee continued to trade in a narrow range and volatility remained low despite marginal weakness in domestic and global equities," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. On the domestic front, GDP and fiscal ...

Rupee inches 2 paise up to 77.59 against USD on positive domestic equities

Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices, fiscal deficit concerns and persistent FII outflows weighed on the local unit.