Page 21 - Indian Rupee

Trading desks should prepare for much lower liquidity surpluses: B Prasanna

Expects rupee to trade in the range of 78-80 per US dollar in the near term because of still relatively weak BoP fundamentals

Top headlines: IndiGo Q1 net loss narrows; rupee plummets 68 paise

Adani Power on Wednesday reported 16-fold jump in consolidated net profit at Rs 4,780 crore for the quarter ending June 30, 2022.

Rupee plummets 68 paise at 79.21 against USD as macro data disappoints

At the interbank foreign exchange market, the local currency opened lower at 78.70 and fell further to settle at the day's low of 79.21.

Rupee depreciates 27 paise to 78.80 against US dollar in early trade

The rupee depreciated 27 paise to 78.80 against the US dollar in opening trade on Wednesday, tracking a muted trend in domestic equities

Rupee back to 78 levels vs dollar as FPIs return to Indian markets

The US dollar index, a measure of the currency against six major rival pairs, was at 105.67 around 6.15 pm IST on Tuesday. It had climbed to a 20-year high of 108.54 in late July

No collapse, rupee taking its natural course, says FM Nirmala Sitharaman

Sitharaman informed the Rajya Sabha that the RBI is continuously monitoring the local currency and intervening only if there is volatility.

Rupee jumps 53 paise to close at one-month high of 78.53 on FII inflows

Persistent foreign fund inflows into capital markets, softening crude oil prices and a weak US dollar in the global markets boosted the local currency.

The rupee's journey from 40 to 80 per dollar

The rupee weakened past the 40 mark and went all the way to 52 in no time, and has been depreciating steadily ever since

Rupee gains vs dollar as weak US GDP data softens Fed rate hike view

Dollar index falls as a contraction in US GDP eases Fed hike fears

Rupee at highest in nearly 3 weeks, tracks broad US dollar losses

The Indian rupee strengthened to its highest in nearly three weeks on Friday, tracking broad losses in the dollar on easing concerns over the need for continued aggressive Fed rate hikes

Rupees, bonds gain despite 75 bps US Fed rate hike to tackle inflation

Markets perceive Fed as being less hawkish

Rupee rises 26 paise to close at 79.65 against dollar after Fed rate hike

The rupee appreciated 26 paise to close at 79.65 (provisional) against the US dollar on Thursday, tracking a firm trend in the domestic equities. At the interbank forex market, the local unit opened at 79.80 against the greenback and finally settled at 79.65 (provisional), registering a rise of 26 paise over its previous close. During the session, the local unit witnessed an intra-day high of 79.64 and a low of 79.85 against the American currency. On Wednesday, the rupee declined 13 paise to close at 79.91 against the US dollar. The dollar index, which measures the greenback's strength against a basket of six currencies, was up 0.12 per cent at 106.58. Brent crude futures, the global oil benchmark, rose 1.37 per cent to USD 108.08 per barrel. "Rupee traded positive on the back of positive capital markets and negative dollar reaction after Fed's 0.75 bps hike with a data-driven further stance from Fed chair Powell," said Jateen Trivedi, VP Research Analyst at LKP Securities. Tri

Rupee sees biggest daily gain in two months post Fed chief's dovish remarks

MUMBAI (Reuters) -The Indian rupee saw its biggest single-day gain in more than two months on Thursday, tracking strength in most other Asian peers and shares, while bond yields inched lower after comments from U.S. Federal Reserve Chair Jerome Powell.

Indian diaspora, global bankers may profit from New Delhi's dollar crunch

India isn't in the same boat as its South Asian neighbors, even though it's in the same choppy waters

Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike

Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets

Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta

RBI needs to be fourth buyer in the bond market, says senior executive

Rupee has strengthened against British pound this year: FM Sitharaman

Global factors such as the Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions are major reasons for the weakening of the Indian Rupee against the US Dollar

After falling to record lows, rupee regains footing against US dollar

RBI's interventions and a less hawkish view on US Federal Reserve among factors that help currency

Rupee weakens slightly, bonds yield little changed; Fed meet in focus

The Indian rupee weakened slightly against the dollar on Tuesday, while bond yields were little changed, as investors awaited the outcome of the US Federal Reserve's policy meeting

RBI 'correct' to use FX reserves to tackle rupee volatility: Econ adviser

The RBI is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said