Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.
The Russian currency ruble tanked about 30 per cent against the US dollar on Monday after Western nations imposed stricter sanctions on Russia
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.46 per cent higher at 97.06
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.78 per cent higher at 97.37.
The rupee has been one of the worst performing Asian currencies in 2022
The rupee appreciated by 27 paise to close at 75.33 against the US dollar on Friday in line with regional currencies, following a retreat in crude oil prices and a rebound in domestic equities. At the interbank forex market, the local unit opened at 75.31 against the greenback and witnessed an intra-day high of 75.18 and a low of 75.46. The rupee finally ended at 75.33, registering a gain of 27 paise over its previous close. On Thursday, the rupee had tanked 99 paise to close at 75.60 against the US dollar, as riskier assets took a hit after Russia launched military operations against Ukraine. Meanwhile, European Union leaders are putting up a united front and have agreed on a second package of economic and financial sanctions against Russia. The dollar index, which measures the greenback's strength against a basket of six currencies, inched up 0.01 per cent to 97.14. Brent crude futures, the global oil benchmark, was trading 1.07 per cent higher at USD 100.14 per barrel. "Calmn
India's benchmark 10-year bond yield ended at 6.75%, down 1 basis point from its previous close but yields on the week were up 9 basis points
India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on New Delhi of Western sanctions imposed on Moscow, sources said
Forex traders said markets will continue to remain volatile, and investors continued to keep a watch on the latest developments in eastern Europe.
At the interbank foreign exchange market, the rupee opened at 75.02 against the American dollar but later dropped to a low of 75.75 against the greenback
Domestic stock market opened deep in the negative territory, tumbling over 1,700 points and eroding investors' wealth by more than Rs 8 lakh crore in less than an hour of start of trade on Thursday
At the interbank forex market, the local unit opened at 74.64 against the greenback and witnessed an intra-day high of 74.54 and a low of 74.73
According to currency dealers, there would be a weakening bias to the rupee as long as global headwinds play out
India's benchmark 10-year bond yield closed at at 6.75%, up 6 basis points from its previous close
Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.
Reports suggested that the US and Russia have agreed to hold a summit on the Ukraine standoff, calming jittery investors.
At the interbank forex market, the local unit opened at 75.03 against the greenback and witnessed an intra-day high of 74.60 and a low of 75.05
The rupee declined by 7 paise to close at 75.11 (provisional) against US Dollar on Thursday as geopolitical tensions pushed investors towards safe-haven assets.
Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee.
At the interbank forex market, the local unit opened at 75.24 against the greenback and witnessed an intra-day high of 74.96 and a low of 75.24