Page 38 - Indian Rupee

Indian Rupee declines 7 paise to close at 75.03 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent up at 93.97

Indian Rupee recovers 12 paise to end at 74.96 against US dollar

The rupee snapped its two-session losing streak to settle 12 paise higher at 74.96 (provisional) against the US dollar on Tuesday, tracking a positive trend in domestic equities. At the interbank forex market, the local unit opened at 75.05 against the greenback and witnessed an intra-day high of 74.95 and a low of 75.17 during the day trade. It finally ended at 74.96 against the American currency. On Monday, the rupee had declined by 18 paise to close at 75.08 against the US currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.01 per cent to 93.80. On the domestic equity market front, the BSE Sensex ended 383.21 points or 0.63 per cent higher at 61,350.26, while the broader NSE Nifty advanced 143 points or 0.79 per cent to close at 18,268.40. Brent crude futures, the global oil benchmark, fell 0.40 per cent to USD 85.65 per barrel. Foreign institutional investors were net sellers in the capital market on Monday as they offl

Indian Rupee settles 18 paise lower at 75.08 against US dollar

The rupee ended 18 paise lower at 75.08 (provisional) against the US currency on Monday due to a spike in crude oil prices and a stronger greenback against key rivals overseas. At the interbank forex market, the local unit opened on a weak note at 74.98 and witnessed an intra-day high of 74.97 and a low of 75.10 against the American currency during day trade. The local unit finally ended at 75.08, down 18 paise over its previous close. On Friday, the rupee had settled at 74.90 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent higher at 93.76. Brent crude futures, the global oil benchmark, rose 0.56 per cent to USD 86.01 per barrel. On the domestic equity market front, the BSE Sensex surged 145.43 points or 0.24 per cent to end at 60,967.05 while the broader NSE Nifty advanced 10.50 points or 0.06 per cent to settle at 18,125.40. Meanwhile, foreign institutional investors were net

Indian Rupee rallies 47 paise to close at 74.88 against US dollar

A surging American currency in the overseas market and losses in the domestic equity markets put some pressure on the rupee, forex dealers said.

Indian Rupee settles 9 paise lower at 75.35 against US Dollar

The rupee ended 9 paise lower at 75.35 (provisional) against the US dollar on Monday, tracking stronger greenback against key rivals overseas and rising global crude oil prices. At the interbank forex market, the local unit opened on a steady note and later traded in a narrow range of 75.24 to 75.38 against the American currency. On Thursday, the rupee had settled at 75.26 against the US dollar. The forex market was closed on Friday for Dussehra' holiday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.19 per cent at 94.12. Brent crude futures, the global oil benchmark, rose 1.11 per cent to USD 85.80 per barrel. On the domestic equity market front, the BSE Sensex surged 459.59 points or 0.75 per cent to end at 61,765.59; while the broader NSE Nifty jumped 138.50 points or 0.76 per cent to settle at 18,477.05. Foreign institutional investors remained net buyers in the capital market on Thursday, as they purchased sha

Rupee's long-term trend is to appreciate, say experts

The rupee's movement has been particularly strong in the past few sessions

Rupee recovers 15 paise to 75.37 on weak dollar, lower crude prices

The rupee on Wednesday rebounded by 15 paise to close at 75.37 against the US dollar following a rally in domestic equities and weak American currency in the overseas markets. In addition, lower crude prices and a benign retail inflation in September also supported the rupee sentiment, forex dealers said. At the interbank forex market, the rupee opened strong at 75.29 against the greenback. During the session, the domestic unit swung between 75.19 and 75.51. On Tuesday, the rupee had closed at 75.52 against the dollar. Retail inflation fell to a five-month low of 4.35 per cent in September from 7.27 per cent in the year-ago period as prices of vegetables and other items declined. "India's CPI fell to a five-month low in September at 4.35 per cent, well within RBI's comfort zone of 2- 6 per cent, providing RBI scope to continue with its accommodative policy stance to achieve sustainable economic recovery," Kaynat Chainwala - Fundamental Research Analyst Currencies, Anand Rathi, ...

Rupee declines 16 paise to 75.52; extends losses for third day

The Rupee was weighed down by a strong greenback in the overseas market and firm crude oil prices

National Stock Exchange launches weekly USD-INR futures contracts

The National Stock Exchange (NSE) on Monday introduced weekly futures contracts in the US Dollar-Indian Rupee (USD-INR) currency pair

Oil drives Indian rupee lower, 10-year yield to 18-month high

India imports 80% of its oil needs and high prices result in increased imported inflation and have a spiralling impact on the prices across other sectors.

Indian Rupee slumps 20 paise to close at 74.99 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent lower at 94.15.

Rupee at 74.98 against USD, bond mkt shrugs off Moody's outlook upgrade

The 10-year bond yield closed at 6.28 per cent, its highest level since April 17, 2020

Indian rupee hits 5-1/2-month low; bonds fall on oil price surge

The rupee fell for a third straight session, shedding 0.7%, its biggest single-day loss since June 17

Rupee, bonds continue to fall despite Moody's outlook revision to stable

The government and the RBI have been engaging with global bond index providers such as Bloomberg, JP Morgan and FTSE for inclusion of government bonds

Rupee slides, bond yields rise as crude prices hit seven-year high

The rupee was at 74.53 a dollar at 11.40am, down from its previous close of 74.31, as the dollar index crossed 94: its highest level since November 2020

Indian Rupee slips 13 paise to close at 74.44 against US dollar

Widening trade balance data and dollar outflows also weighed on rupee: Analyst

Indian Rupee falls 19 paise to close at 74.31 against US dollar

Meanwhile, Brent crude futures, the global oil benchmark, advanced 0.15 per cent to $79.40 per barrel.

Rupee slips 5 paise to 74.17 against the US dollar in early trade

The Indian rupee declined 5 paise to 74.17 against the US dollar in opening trade on Monday, in line with its Asian peers amid the strengthening of the American currency in the overseas market

Rupee pares initial losses to close 11 paise up at 74.12 against US Dollar

Global oil benchmark Brent crude futures fell 0.49 per cent to USD 77.93 per barrel.

Rupee falls for 5th straight session, settles 9 paise down at 74.23/USD

The rupee declined by 9 paise to end at 74.23 (provisional) against the US currency on Thursday, marking its fifth straight session of fall, amid risk averse sentiments and foreign fund outflows. At the interbank foreign exchange market, the rupee opened on a negative note at 74.28 per dollar as against its previous close of 74.14. It hovered in the range of 74.18 to 74.36 per dollar during the day before ending at 74.23 against the American currency. The domestic unit has lost 59 paise in the last five trading sessions. "The Indian rupee depreciated for the fifth day in row amid risk averse sentiments and foreign fund outflows. Markets started pricing rollback of pandemic-related easing as growth recovers and inflation expectations stay high," said Dilip Parmar, Research Analyst, HDFC Securities. Parmar further said that the rupee stayed calmer on Thursday, compared to the prior three days, as participants are cautious ahead of the release of month-end economic data. "Trend seems