Page 10 - Indian Rupee

Dollar-rupee forward premia lowest since 2011 as US-India rate gap shrinks

Indian currency's recovery since US CPI leads to reversal of onshore-offshore arbitrage

Foreign exchange reserves rise at fastest pace in more than a year

Revaluation amid weaker dollar, spot market purchases lift reserves to $544.72 billion

Rupee closes at 81.70 against dollar amid muted trend in domestic equities

The rupee depreciated 6 paise to close at 81.70 (provisional) against the US dollar on Friday amid a lacklustre trend in domestic equities and firming crude oil prices. However, a weak dollar in the overseas market and fresh foreign capital inflows restricted the loss, forex traders said. At the interbank foreign exchange market, the local unit opened up at 81.59 and later erased all its early gains. During the session, it witnessed a high of 81.52 and a low of 81.78. The domestic unit finally settled at 81.70 against the American currency, registering a fall of 6 paise over its previous close of 81.64. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.28 per cent to 106.39. Global oil benchmark Brent crude futures rose 0.36 per cent to USD 90.10 per barrel. On the domestic equity market front, the 30-share BSE Sensex fell 87.12 points or 0.14 per cent to end at 61,663.48, while the broader NSE Nifty declined 36.25 p

Rupee slides as Chinese yuan weakens, October trade deficit hits mood

The rupee settled at 81.65 per US dollar on Thursday as against 81.31 per dollar at previous close

Rupee closes at 81.63 against dollar amid muted trend in domestic equities

The rupee depreciated by 37 paise to close at 81.63 (provisional) against the US dollar on Thursday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities. Forex traders said the American currency strengthened after strong US retail sales data pointed to resilient consumption adding room for tighter policy by the US Federal Reserve. At the interbank foreign exchange market, the local unit opened at 81.62 and later witnessed an intraday high of 81.45 and a low of 81.68 during the session. The domestic unit finally settled at 81.63 against the American currency, registering a fall of 37 paise over its last close. On Wednesday, the rupee depreciated by 35 paise to close at 81.26 against the US dollar. US retail sales posted the biggest increase in eight months in October. UK inflation number came in at 11.1 per cent, to 41-year high, as compared to 10.1 per cent in the previous month, said Gaurang Somaiya, Forex & Bullion ...

Handling external shocks

Following the US Fed's monetary policy lead is not in the interest of emerging economies

Rupee sheds 21p to dollar as Polish missile strike sparks risk aversion

Wider October trade deficit, contraction in exports drag down rupee

Rupee depreciates 66 paise to 81.57 against US dollar in early trade

The rupee depreciated 66 paise to 81.57 against the US dollar in early trade on Wednesday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 81.41 against the dollar, then lost ground to quote at 81.57, registering a loss of 66 paise over its previous close. On Tuesday, the rupee appreciated 37 paise to close at 80.91 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.17 per cent to 106.58. Brent crude futures, the global oil benchmark, fell 0.36 per cent to USD 93.52 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 72.09 points or 0.12 per cent down at 61,800.90, and the broader NSE Nifty was trading lower by 24.60 points or 0.13 per cent to 18,378.80. Foreign Institutional Investors (FIIs) were net sellers in capital markets as they offloaded

Nine Russian banks open special vostro accounts for trade in rupee

Next round of India-UK FTA talks expected in Dec: Commerce secy

Cautious on India despite looming liquidity tailwind: UBS' Sunil Tirumalai

Sunil Tirumalai, strategist, UBS Securities India, says India's high valuations and a depreciating rupee could act as headwinds for the domestic markets

Rupee logs best single-day gain in 4 years as Fed hikes seen slowing

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

Rated Indian infrastructure firms most exposed to currency risk: S&P

Much of corporate portfolio has dollar-linked revenue and is not exposed to rupee depreciation

Rupee slides 38 paise against dollar as traders jittery before US CPI

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

Rupee falls 30 paise to close at 81.77 against US dollar as Sensex tumbles

Forex traders said a weak trend domestic equities also weighed on investor sentiments

Rupee falls 17 paise to 81.64 against US dollar amid weak domestic equities

The rupee depreciated 17 paise to 81.64 against the US dollar in morning trade on Thursday, tracking weak domestic equities ahead of US inflation data. Forex traders said the focus will be on the US October CPI print scheduled to be released later on Thursday. At the interbank foreign exchange, the domestic unit opened at 81.61 against the dollar, then lost further ground to quote at 81.64, registering a loss of 17 paise over its previous close. On Wednesday, the rupee appreciated by 45 paise to close at 81.47 against the US dollar. "A poorer than-expected show by the Republicans in the midterms too is hurting sentiment. Republicans are likely to take over control of the House with a narrower margin than earlier expected and the Senate race is still wide open," IFA Global Research Academy said in a research note. It further added that Fed member Neel Kashkari said the Fed would do what it needs to do to lower inflation and that any talk of a Fed pivot is entirely premature. Meanw

Indian Rupee tipped to open tad lower ahead of US inflation data on Friday

The rupee is likely to open at 81.55-81.60, compared with 81.4350 in the previous session

Rupee strengthens to over one-month high on FPI flows, weak dollar

Indian currency at 1-month high on FPI flows, weak dollar

Centre allows export incentives for those settling trade in rupee

DGFT makes key amendments to foreign trade policy

Centre allows trade settlement for export promotion schemes in Indian rupee

With the amendment to the Foreign Trade Policy, invoicing, payment, and settlement of trade can now take place in Indian rupee

Rupee surges 48 paise to close at 81.92 per dollar, highest in a month

Stronger yuan, resumption of FPI flows into stocks bolster rupee