Page 14 - Indian Rupee

Rupee falls 4 paise to close at new low of 82.34 against US dollar

The rupee pared most of its initial losses and settled 4 paise lower at a fresh lifetime low of 82.34 (provisional) against the US dollar on Monday, weighed down by as risk-averse sentiment among investors. Moreover, a negative trend in domestic equities and a firm greenback overseas sapped investor appetite, forex traders said. At the interbank foreign exchange market, the local currency opened at 82.68, then fell further to an all-time intra-day low of 82.69. According to forex traders, the local unit pared initial losses on possible central bank intervention and finally settled for the day at an all-time low of 82.34 against the American currency, down 4 paise over its previous close. On Friday, the rupee had depreciated by 13 paise to close at 82.30. "The Indian rupee pared opening losses on possible central bank intervention and corporate inflows... lower crude oil prices also supported the rupee in today's session," said Dilip Parmar, Research Analyst, HDFC Securities. Howe

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Rupee falls 39 paise to fresh lifetime low of 82.69 against US dollar

The rupee fell 39 paise to an all-time low of 82.69 against the US dollar in early trade as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit

RBI sells dollars as rupee hits record low on US interest rate hike fears

The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the US Federal Reserve rate outlook

No peace for Indian rupee as mighty dollar thunders on: Reuters Poll

India's rupee will trade near its record low against the mighty greenback beyond this year, buffeted by rising oil prices and an aggressive U.S. Federal Reserve rate-hiking campaign

Rupee falls 32 paise to close at new low of 81.94 against US dollar

The rupee plunged 32 paise to close at an all-time low of 81.94 (provisional) against the US dollar on Thursday amid high volatility as firm crude oil prices weighed on the local unit. At the interbank foreign exchange market, the local currency opened on a positive note at 81.52, then pared all the gains to settle at an all-time low of 81.94 against the American currency, registering a decline of 32 paise over its previous close. During the day, the local unit witnessed an intra-day high of 81.51 and a low of 81.94 against the greenback. On Tuesday, the rupee appreciated by 20 paise to end at 81.62 against the US dollar. The forex market was closed on Wednesday on account of Dussehra. "Rupee, after appreciating marginally on Tuesday, is again starting to come under pressure. The dollar strengthened after services PMI and private payrolls numbers from the US came in better than estimates," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Major ...

Bonds strengthen sharply as growth fears drag down US debt yields

Rupee notches up gains as dollar index eases; OPEC meet in focus

Top headlines: Rupee rises 29 paise; Tracxn Technologies IPO to open Oct 10

The initial share-sale will open for public subscription on October 10 and close on October 12, the company said in a statement

Rupee rises 29 paise to close at 81.53 against US dollar on FII buying

The rupee appreciated by 29 paise to end at 81.53 (provisional) against the US dollar on Tuesday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, rising crude prices in the international market capped the rupee's gain, forex dealers said. At the interbank forex market, the local unit opened strong at 81.66 against the greenback. It witnessed an intra-day high of 81.36 and a low of 81.66 during the session. It finally ended at 81.53, up 29 paise from its previous close. In the previous session, the rupee had settled paise 42 lower at 81.82 against the dollar. "Rupee retraced from its all-time lows after the RBI raised rates by 50 bps. The dollar retraced from high levels after the manufacturing PMI number released from the US came below estimates. "Volatility in major crosses continues to remain high as updates on the change in economic policies keep market participants on the edge. Today, the focus will be on the factory

Rupee appreciates 31 paise to 81.51 against US dollar in early trade

The rupee strengthened by 31 paise to 81.51 against the US dollar in early trade on Tuesday, tracking weakness in the greenback in overseas markets and a rally in domestic equities. However, rising crude price in the international market restricted the rupee, forex traders said. At the interbank foreign exchange, the local currency opened sharply up at 81.66 against the dollar, then gained further ground to 81.51, showing a gain of 31 paise over its previous close. The rupee settled 42 paise lower at 81.82 against the dollar on Monday. In the domestic equity market, the 30-share BSE Sensex was trading 1,006.59 points or 1.77 per cent higher at 57,795.40, and the broader NSE Nifty climbed 306.40 points or 1.81 per cent to 17,193.75. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.14 per cent to 111.58. Brent crude futures, the global oil benchmark, rose 0.46 per cent to USD 89.27 per barrel. Foreign institutional ..

Why is India Inc protectionist?

As a response to a falling rupee and rising current account deficit, the govt is mulling tariff hikes on non-essential imports. But, does India Inc also favours protectionism? Let's find out

Rupee sheds 53 paise on crude oil price spike; bond yields jump

Dealers say it's because of delay in index inclusion

Invest in US funds, gold to fulfil child education goal amid rupee plunge

Travellers may switch to destinations against whose currencies the rupee has gained

Rupee plunges 49 paise to 81.89 against US dollar as crude oil spikes

The rupee fell by 49 paise to close at 81.89 (provisional) against the US dollar on Monday as heavy selling pressure in the domestic equities and a spike in crude oil prices weighed on the local unit. Besides, a stronger greenback against key rivals and persistent foreign fund outflows put pressure on the domestic currency, forex dealers said. At the interbank foreign exchange market, the local currency opened weak at 81.65, fell further to 81.98 against the American currency. It finally ended at 81.89, down 49 paise over its previous close. In the previous session, the rupee settled at 81.40 against the greenback. On the domestic equity market front, the 30-share BSE Sensex dropped 638.11 points or 1.11 per cent to end at 56,788.81, while the broader NSE Nifty fell 207 points or 1.21 per cent to 16,887.35. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.30 per cent to 112.45. Global oil benchmark Brent crude futu

RBI sells dollars as rising oil prices push rupee to near new low: Traders

The rupee was last trading at 81.90, down from 81.34 in the previous session. The local unit reached a record low of 81.95 last Wednesday

Rupee depreciates 38 paise to 81.78 against US dollar in early trade

The rupee depreciated 38 paise to 81.78 against the US dollar in early trade on Monday, tracking a muted trend in domestic equities and risk-off sentiment among investors. Besides, surging crude prices in the international market impacted the domestic unit, traders said. At the interbank foreign exchange, the local currency opened weak at 81.65 against the dollar, then lost further ground to quote at 81.78, registering a loss of 38 paise over its previous close. The rupee settled 33 paise higher at 81.40 against the dollar on Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.04 per cent to 112.08. Brent crude futures, the global oil benchmark, surged 2.77 per cent to USD 87.50 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 66.60 points or 0.12 per cent lower at 57,360.32, and the broader NSE Nifty fell 12.90 points or 0.08 per cent to 17,081.45. After infusing funds in the las

Rupee gains on report of RBI nudging oil firms to reduce dollar buys

Central bank's rate hike and easing dollar index lend support to domestic currency

Rupee fluctuations not a factor for MPC's consideration, says RBI

'Net LAF continues to be in surplus for the past two years, except for 2-3 days when because of SLF for the primary dealers it became deficit'

Rupee weakness likely to pressure RBI on 50-bps rate hike: Analysts

Currency closes at 81.85/$, 9 p higher than previous close

India's forex reserves fell the most among emerging economies: Report

Since the beginning of 2022, India's reserves have fallen 13.88 per cent from $633.6 billion to $545.6 billion