Page 28 - Indian Rupee

BS Number Wise: RBI needs to strike the right balance as rupee falls

As the discussion shifts from internal to external factors, is the RBI being too conservative and could the rupee depreciate more?

Rupee inches 6 paise lower in early trade at 78.04 against US dollar

The rupee inched lower by 6 paise to 78.04 against the US dollar in early trade on Tuesday, as persistent foreign fund outflows and strong dollar demand globally weighed on investor sentiments

Rupee gains 7 paise to close at 77.98 to the dollar as oil price falls

The rupee appreciated by 7 paise to settle at 77.98 (provisional) against the US dollar on Monday as crude oil prices retreated from elevated levels. However, unabated foreign fund outflows restricted the appreciation bias in the rupee, forex dealers said. At the interbank forex market, the local unit opened strong at 77.98 against the greenback and witnessed an intra-day high of 77.87 and a low of 78.03. It finally settled at 77.98, a rise of 7 paise over its previous close of 78.05. "Rupee consolidated in a broad range despite volatility in domestic and global equities. Fed projection showed economic growth slowing to a below-trend rate of 1.7 per cent," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. On the domestic equity market front, the BSE Sensex ended 237.42 points or 0.46 per cent higher at 51,597.84, while the broader NSE Nifty advanced 56.65 points or 0.37 per cent to 15,350.15. The dollar index, which measures the greenback's strength

Rupee rises 12 paise to 77.93 against dollar as crude oil prices ease

The rupee strengthened by 12 paise to 77.93 against the US dollar in opening trade on Monday as easing crude oil prices supported the local unit

'Markets have not hit the bottom yet; select banks, autos attractive'

Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities

Reserve Bank of India turns net buyer of dollars in April, shows data

According to the latest data, the RBI purchased $1.96 billion in April

Rupee closes at new all-time low ahead of Fed's interest rate decision

On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday.

Rupee inches 5 paise higher to 77.99 against dollar in early trade

The rupee opened on a flat note and inched higher by 5 paise to 77.99 against the US dollar in opening trade on Wednesday

Rupee inches 2 paise higher to 78.02 against US dollar in early trade

The rupee rebounded from its all-time low level and inched higher by 2 paise to 78.02 against the US dollar in opening trade on Tuesday

Where will Sensex, Nifty seek support after Manic Monday?

Key benchmark indices cracked around 3% on Monday. The Indian Rupee recorded a new all-time low. Find out what lies ahead for the markets, and what are the key support levels to watch out for

Rupee is expected to trade sideways in the near term, says BS poll

At record low, rupee better off than peers; RBI may provide support to prevent sharp depreciation, says BS poll

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

Rupee falls to all-time low of 78.29 against US dollar in early trade

The rupee slipped 36 paise to its all-time low of 78.29 against the US dollar in early trade, tracking the strength of the American currency overseas as investors flocked to the safe-haven currency

Rupee plunges to all-time low of 77.84/$ amid rising crude oil prices

The currency closed at a record low of 77.84 against the dollar after hitting 77.88 in intraday trading.

Rupee depreciates 8 paise, hits record low of 77.82 against dollar

The rupee depreciated 8 paise to a record low of 77.82 against the US dollar in opening trade on Friday, tracking the strength of the greenback in the overseas market

Rupee slips 8 paise to close at 77.76 against dollar, weighed down by oil

The rupee depreciated by 8 paise to close at 77.76 (provisional) against the US dollar on Thursday, weighed down by elevated crude oil prices and persistent foreign capital outflows. At the interbank foreign exchange market, the rupee opened lower at 77.74 against the greenback and finally settled at 77.76, down 8 paise over its previous close. During the session, the rupee touched an all-time low of 77.81 against the American currency. On Wednesday, the rupee had recovered from its record low to close 10 paise higher at 77.68. "Volatility in rupee remained low even after the release of RBI policy statement," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. The Reserve Bank of India (RBI) on Wednesday raised the key interest rate by 50 basis points, the second increase in five weeks, to rein in the rise in prices that it saw continuing to hurt consumers in the near-term. The rate hike comes on the back of a 40 bps increase by the RBI at an ...

Rupee closes at all-time low of 77.74 against USD amid elevated oil prices

The yield on the three-year government bond declined 9 bps, while the five-year bond yield dropped 7 bps

Rupee rebounds from record low, rises 10 paise to Rs 77.68 against dollar

Recovering from its lifetime low, the rupee advanced 10 paise to settle at 77.68 against the US dollar on Wednesday after the RBI raised the interest rate by 50 basis points to tame inflation. However, elevated oil prices and persistent foreign capital outflows capped the gains, forex dealers said. At the interbank forex market, the local unit opened strong at 77.70 against the greenback and witnessed an intra-day high of 77.64 and a low of 77.79. It finally settled at 77.68, up 10 paise over its previous close. The rupee had slumped to its lifetime low of 77.78 on Tuesday. The Reserve Bank of India (RBI) on Wednesday raised the key interest rate by 50 basis points, the second increase in five weeks, to rein in the rise in prices that it saw continuing to hurt consumers in the near term. The rate hike comes on the back of a 40 bps increase effected by the RBI at an unscheduled meeting on May 4. On the domestic equity market front, the BSE Sensex ended 214.85 points or 0.39 per ce

Ahead of policy decision, RBI steps in to save rupee from hitting a new low

Currency trades in a narrow zone; ends the day at 77.71 against dollar

Rupee depreciates 5 paise to 77.71 against US dollar in early trade

The rupee slipped 5 paise to 77.71 against the US dollar in opening trade, as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments