Page 29 - Indian Rupee

Forecast for historic rupee low grows as oil prices widen deficit

The bearish forecasts -- which will see the rupee drop as much as 4% from current level -- stem from a deterioration in India's external finances

Rupee appreciates 4 paise to 77.62 against dollar in early trade

The rupee appreciated 4 paise to 77.62 against the US dollar in opening trade on Monday, supported by a weak American currency in the overseas markets.

Rupee advances 13 paise to 77.47 against US dollar in early trade

The rupee appreciated 13 paise to 77.47 against the US dollar in opening trade on Friday, supported by a fall in the dollar index and positive domestic equities

Rupee recovers from record low, rises 14 paise against US dollar

Recovering from its record low, the rupee rose by 14 paise to 77.57 against the US dollar in early morning trade

Rupee plunges to all-time low against dollar as US Treasury yields spike

The rupee declined by 17 paise to close at its all-time low of 77.71 against the US currency on Tuesday as surging US bond yields dampened the appeal of riskier assets.

Rupee slips 12 paise to close at 77.66 against US dollar amid surging crude

The rupee depreciated 12 paise to close at 77.66 (provisional) against the US dollar on Tuesday, tracking a negative trend in domestic equities and surging crude oil prices. At the interbank foreign exchange market, the rupee opened lower at 77.65 against the greenback and finally settled at 77.66, down 12 paise over its previous close. During the session, the rupee touched an intra-day low of 77.70 and a high of 77.62. On Monday, the rupee settled at 77.54 against the US dollar. This is also the fifth straight monthly decline for the rupee amid weak risk sentiments, foreign fund outflows and concerns over high inflation. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 101.70. Global oil benchmark Brent crude futures advanced 1.77 per cent to USD 123.82 per barrel. According to Dilip Parmar, Research Analyst, HDFC Securities, the rupee has become the worst-performing currency among Asian currencies a

Rupee slips 13 paise to 77.67 against US dollar in early trade as oil rises

The rupee slipped 13 paise to 77.67 against the US dollar in early trade on Tuesday, weighed down by the surge in crude oil prices

How to save your portfolio against falling rupee?

Indian rupee has depreciated nearly 4% this year. While the overall impact of a weaker rupee is negative on the equity market, some sectors stand to benefit from this fall. Find out more about them

Rupee advances 12 paise to 77.46 against US dollar in early trade

The rupee appreciated 12 paise to 77.46 against the US dollar in opening trade on Monday, supported by a fall in the dollar index and positive domestic equities

Rupee advances 2 paise to 77.59 against US dollar in early trade

The rupee appreciated 2 paise to 77.59 against the US dollar in the opening trade on Friday, supported by heavy buying in domestic equities and a weak greenback in the overseas markets. However, rising global crude prices and persistent foreign fund outflows capped the rupee's gain, forex traders said. At the interbank foreign exchange, the rupee opened at 77.60 against the American dollar and then inched up to quote at 77.59, registering a rise of just 2 paise over the previous close. It was moving in a close range of 77.59 to 77.61 in early deals. In the previous session, the rupee settled at 77.61 against the American currency. The dollar index has slipped further towards the crucial level of 100. The index, which gauges the greenback's strength against a basket of six currencies, was trading 0.34 per cent lower at 101.49. On the domestic equity market front, the 30-share Sensex was trading 435.93 points or 0.80 per cent higher at 54,688.46, while the broader NSE Nifty climbed

Rupee up 5 paise to 77.52 vs dollar amid firm trend in domestic equities

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 101.92

Rupee starts session on flat note against US dollar in early trade

The rupee started the session on a flat note against the US dollar on Tuesday amid a lacklustre trend in the domestic equity markets and persistent foreign capital outflows.

Rupee recovers from record lows to end 15 paise higher at 77.55 to dollar

Rupee recovered from record lows and settled 15 paise higher at 77.55 (provisional) against the US dollar on Monday, supported by a weak greenback overseas. At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session. The rupee finally snapped its three-session losing streak and closed at 77.55, registering a rise of 15 paise over its previous close. On Friday, the rupee had settled at a record low of 77.70 against the American currency. According Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services, rupee continued to consolidate and volatility remained confined to a narrow range despite choppiness in domestic equities. "Today volatility for the dollar could remain low as no major economic data is expected to be released from the US. We expect the USD-INR (Spot) to trade sideways and quote in the range of 77.20 and 77.80," Somaiya added. However, unabated foreign fund ...

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Rupee advances 7 paise to 77.49 against US dollar in early trade

The rupee appreciated 7 paise to 77.49 against the US dollar in opening trade on Friday as crude oil prices retreated from the elevated levels.

Rupee slips to fresh low against dollar for fourth straight trading session

The rupee opened weaker at 77.70/$ as compared to Wednesday's close of 77.58/$ and traded in a narrow range amid intervention from the central bank

RBI allows settlement of trade transactions with Sri Lanka in Indian rupee

Sri Lanka is facing its worst economic crisis since gaining independence from Britain in 1948

Rupee extends losses, declines 12 paise to 77.74 against US dollar

The rupee extended its losses and slipped 12 paise to 77.74 against the US dollar in early trade on Thursday, weighed down by a muted trend in domestic equities and unabated foreign fund outflows.

Rupee slips to fresh all-time low in 3rd straight session, closes 77.58/$

Dealers said major gains for the dollar were capped as the Reserve Bank of India is believed to have protected the 77.50 levels

Rupee skids 17 paise to record low of 77.61 against the US Dollar

The rupee declined by 17 paise to close at its fresh lifetime low of 77.61 against the US dollar amid foreign fund outflows and concerns over aggressive rate hikes by the US Federal Reserve