Page 32 - Indian Rupee

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

Rupee drops 3.5% against dollar in FY22; fares better than global peers

The rupee depreciated 6.27% in the financial year 2013-14 when investors pulled out of emerging markets after the US Fed under Ben Barnanke spoke of possible financial tightening

Rupee recovers 16 paise to end at 75.74; logs over 3% loss in FY22

At the interbank forex market, the local unit opened at 75.67 against the greenback and witnessed an intra-day high of 75.66 and a low of 75.83

Rupee advacnes 23 paise to 75.67 against US dollar in early trade

The rupee advanced 23 paise to 75.67 against the US dollar in the opening trade on Thursday, supported by positive domestic equities and a fall in crude oil prices.

Rupee skids 21 paise to 75.94 against dollar as crude oil prices spike

The local unit finally settled at 75.94 against the dollar, down 21 paise from the previous close

Rupee advances 4 paise to 75.69 against US dollar in early trade

The rupee appreciated 4 paise to 75.69 against the US dollar in the opening trade on Wednesday, following a rally in domestic equities amid hopes of a breakthrough in Russia-Ukraine talks. A weak American currency in the international market also helped the local unit, forex traders said. However, surging global crude prices restricted the gains of the domestic currency, they added. At the interbank foreign exchange, the rupee opened strong at 75.65 against the US dollar but lost some ground to quote at 75.69, a rise of 4 paise over the last close. It was moving in a close range of 75.69 and 75.62 in the morning trade. In the previous session, the rupee had settled at 75.73 against the greenback. Meanwhile, global oil benchmark Brent crude futures surged 1.02 per cent to USD 111.35 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.24 per cent to 98.20. On the domestic equity market front, the 30-share Sensex was tr

A strong case for a weaker rupee

If the terms of trade shock persist, the rupee will have to be a key part of the needed macro adjustment

Rupee advances 23 paise to 75.93 against US dollar in early trade

The rupee appreciated 23 paise to 75.93 against the US dollar in the opening trade on Tuesday, following a positive trend in domestic equities amid softening global crude oil prices.

Govt not considering buying crude oil in rupees from Russia: MoS

With Western sanctions hitting Russia's dollar-based trading, there is focus on Moscow's efforts to switch to other currencies

India and Russia may keep ruble out of the proposed rupee-ruble trade

Payments are likely to be settled in rupee pegged to dollar

Inflationary woes over commodity prices to maintain pressure on rupee

Inflationary concerns over elevated commodity prices are expected to maintain pressure on the Indian rupee during the upcoming week

Rupee advances 9 paise to close at 76.24 against USD on fall in crude oil

At the interbank forex market, the local unit opened at 76.15 against the greenback and witnessed an intra-day high of 76.12 and a low of 76.29

Rupee advanes 18 paise to 76.15 against US dollar in early trade

The rupee advanced 18 paise to 76.15 against the US dollar in the opening trade on Friday, tracking the weakness of the American currency in the overseas market.

Weak local currencies rein in India, Thai export rates

India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers

Rupee trades in narrow range against US dollar in early session

The rupee was trading in a narrow range in morning trade on Thursday as elevated crude oil prices negated the impact of positive domestic equities.

Rupee gives up early gains as importers buy dollars; bonds steady

India imports more than 80% of its oil requirements and a rise in global crude prices can push up the country's trade deficit and hurt the rupee

Rupee pares losses to settle flat at 76.18 against US dollar

At the interbank foreign exchange, the rupee opened sharply lower at 76.39 against the US dollar. However, it recovered all its losses to closed at 76.18

Rupee declines 28 paise to 76.46 against US dollar in early trade

The rupee declined 28 paise to 76.46 against the US dollar in opening trade on Tuesday, following a negative trend in domestic equities amid heightened concerns over global oil supplies.

Indian rupee, bonds retreat as oil prices rise above $110

Oil prices jumped more than $3 on the day, pushing global benchmark Brent to above $111 a barrel as European Union nations considered joining the United States in a Russian oil embargo

Rupee jumps 41 paise to close at 75.80 against US dollar

The rupee spurted by 41 paise to close at 75.80 (provisional) against the US dollar on Thursday, supported by positive domestic equities and broad dollar weakness.