Page 31 - Indian Rupee

Indian Rupee settles 4 paise higher at 76.53 against US dollar

The rupee pared initial losses to settle 4 paise higher at 76.53 (provisional) against the US dollar on Thursday, tracking positive domestic equities. The appreciation bias in the local unit is likely to be capped in the near term amid strong American currency, inflationary concerns and fears about an aggressive pace of the US rate hikes, traders said. At the interbank forex market, the rupee opened at 76.60 against the greenback and moved in a range of 76.43 to 76.71 in the day trade. It finally closed at 76.53, registering a rise of just 4 paise over its previous close of 76.57. On Wednesday, the rupee had settled almost flat at 76.57 against the US dollar. "Rupee weakened in the first half of the session but rose in the latter half despite broader gains in the dollar. The dollar has been rising on the expectation that the Fed could raise rates at the next week's meeting," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Inflation remains a ...

Rupee slumps 16 paise to 76.72 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent higher at 102.34

Rupee recovers to 76.60 against US dollar as crude falls, stocks rally

At the interbank forex market, the rupee opened at 76.48 against the greenback and moved in a range of 76.43 to 76.69 in the day trade

Rupee falls by 23 paise to 76.65 against US dollar in early trade

The rupee declined 23 paise to 76.65 against the US dollar in the opening trade on Monday tracking the strength of the dollar in the overseas market. At the interbank foreign exchange, the rupee opened on a muted note at 76.58 against the American dollar, then fell and touched an early low of 76.65 in initial deals, registering a fall of 23 paise over its previous close. On Friday, The rupee declined by 25 paise to close at 76.42 against the US currency. The rupee opened weaker against the US dollar weighed by hawkish comments from Federal Reserve Chair Jerome Powell last week, said Sriram Iyer, Senior Research Analyst at Reliance Securities. Most Asian and emerging market peers are trading weaker this Monday morning and could weigh on sentiments. Meanwhile, global oil benchmark Brent crude futures fell 2.85 per cent to USD 103.61 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02 per cent to 101.23. On the domestic

Rupee slumps 32 paise to close at 76.49 against dollar on equities sell-off

Persistent foreign capital outflows also dented investor sentiment, forex traders said

As equities rally, Rupee gains 15 paise to end at 76.15 against US dollar

The rupee appreciated by 15 paise to close at 76.15 (provisional) against the US dollar on Thursday amid a weak greenback overseas and a rally in domestic equities. However, surging crude prices and persistent foreign fund outflows capped the gains, forex traders said. At the interbank forex market, the rupee opened slightly higher at 76.28 against the greenback and moved in a range of 76.36 to 76.09. It finally settled at 76.15, higher by 15 paise over its previous close of 76.30. On the domestic equity market front, the BSE Sensex ended 874.18 points or 1.53 per cent higher at 57,911.68, while the broader NSE Nifty jumped 256.05 points or 1.49 per cent to 17,392.60. Brent crude futures, the global oil benchmark, rose 1.02 per cent to USD 107.89 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.43 per cent to 99.98. Foreign institutional investors were net sellers in the capital market on Wednesday as they offloade

Currency devaluation detrimental to nation's export interests: Piyush Goyal

He also said it is important for India to expand exports significantly and encourage investments to increase foreign exchange inflows into the country

Rupee sheds 22 paise, ends at 76.51 vs dollar on pullout from equities

The rupee depreciated for the fourth straight day, during which it has lost 38 paise against the American currency

Rupee slips for third session in a row; oil near $113 a barrel

The rupee also weakened as hawkish Fed officials and dovish ECB continued to push the bond yields higher.

Rupee declines 24 paise to 76.43 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.18 per cent to 100.67

A brave new world for the rupee

RuPay aims to empower every Indian with a world class payment solution

Rupee advances to 75.91 against US dollar on low crude prices

On Friday, the rupee appreciated by 10 paise to settle at 75.93 against the US dollar

Rupee gains 14 paise to 75.79 against US dollar in early trade

On Friday, the rupee appreciated 10 paise to settle at 75.93 against the US dollar.

Forex reserves slide $11.17 bn to $606.475 bn, steepest fall in a week

For the previous reporting week ended March 25, the overall reserves had slid by USD 2.03 billion to USD 617.648 billion

Rupee up 10 paise to 75.93 vs dollar amid RBI status quo on rates

Announcing the monetary policy, RBI Governor Shaktikanta Das said the Indian economy has large forex reserves and that it stands ready and resolute to defend the economy

Rupee declines 11 paise to settle at 75.95 against US dollar

The rupee declined 11 paise to close at 75.95 (provisional) against USD on Thursday as the hawkish stance of US Fed affected investor sentiments in global markets and bolstered the American currency

Rupee declines 47 paise to 75.76 against US dollar in early trade

Snapping its 3-day winning streak, rupee fell 47 paise to close at 75.76 against US dollar on Wednesday, tracking a strong American currency in overseas market and negative trend in domestic equities

Indian rupee surges 25 paise to close at 75.28 against US dollar

On Monday, the rupee started the financial year 2022-23 on a bullish note, spurting 21 paise to close at a one month-high of 75.53

Rupee trades in narrow range against US dollar in early trade

The rupee started on a flat note on Tuesday tracking the strength of the dollar in the overseas market and elevated crude oil prices.

Rising dollar strength drags down India's foreign reserve

The value of the country's gold reserves increased by $1.230 billion to $43.241 billion