Page 40 - Indian Rupee

India rupee hits 6-week top on IPO inflows, record-high stocks

The partially convertible rupee was at 74.17/18 per dollar, as of 0805 GMT, after touching 74.0925 earlier, its strongest since June 22.

India rupee, bonds fall for second straight month; RBI policy in focus

Sentiment has been lifted after the Fed did not outline a taper timeline, which is expected to aid local shares and the rupee in the near future.

Rupee slips 5 paise to close at 74.47 against USD amid weaker equities

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.12 per cent to 92.76.

Currency creation

RBI should be careful in launching a digital currency

Rupee declines 12 paise to 74.58 against US dollar in early trade

The Indian rupee depreciated 12 paise to 74.58 against the US dollar in opening trade on Friday tracking a firm American currency

In IPO season, rupee caught in the middle of global and local pull

Foreign money is pouring into India when the US dollar is gaining strength against emerging markets currencies.

Rupee gains 5 paise to close at 74.54 against US dollar

The rupee pared some of its initial gains to settle 5 paise higher at 74.54 (provisional) against the US dollar on Thursday amid a firm trend in domestic equities. At the interbank forex market, the local unit opened at 74.48 against the greenback and witnessed an intra-day high of 74.47 and a low of 74.55 during the session. On Wednesday, the rupee had settled at 74.59 against the US dollar. "Indian rupee consolidated in the range of 74.65 to 74.40 for the fifth day in absence of fresh cues. Traders are in dilemma as at one end risk-on sentiments and dollar inflows are in favour of rupee while on other hand higher crude oil prices and central bank's interventions adding pressure on rupee," Dilip Parmar, Research Analyst, HDFC Securities. Parmar further added that Spot USDINR is likely to remain in range of 74.40 to 74.65 for few more days amid dollar inflows and stronger regional currencies. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of si

Rupee strengthens 12 paise to 74.47 against US dollar in early trade

The Indian rupee strengthened by 12 paise to 74.47 against the US dollar in early trade on Thursday, as a dovish US Fed pulled greenback lower

Rupee strengthens 14 paise to 74.44 against US dollar in early trade

The Indian rupee strengthened by 14 paise to 74.44 against the US dollar in early trade on Tuesday, tracking a firm trend in the domestic equity market

Rupee pares early gains to settle 6 paise higher at 74.58 against US dollar

The rupee pared some of its initial gains and settled 6 paise higher at 74.58 (provisional) against the US dollar on Monday, ahead of the release of key inflation data.

Rupee strengthened 21 paise to 74.43 against US dollar in early trade

The Indian rupee strengthened by 21 paise to 74.43 against the US dollar in early trade on Monday, tracking a firm trend in the domestic equity market

Rupee slumps 17 paise to 74.79 against US dollar in opening trade

The rupee depreciated 17 paise to 74.79 against the US dollar in opening trade on Thursday, following a strong dollar overseas and subdued sentiment in the domestic equities. However, lower crude prices and fresh foreign fund inflows restricted the rupee's fall, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 74.75 against the dollar, then fell further to 74.79 in the morning session, registering a fall of 17 paise over its previous close. In the previous session, the rupee had settled at 74.62 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.11 per cent at 92.74. On the domestic equity market front, BSE Sensex was trading 74.49 points or 0.14 per cent lower at 52,980.27, while the broader NSE Nifty slipped 31.70 points to 15,847.95. Foreign institutional investors were net buyers in the capital market on Wednesday as they bought shares worth Rs 532.94 cro

Rupee declines 7 paise to close at 74.62 against US dollar as oil rises

A stronger dollar and rising crude oil prices weighed on investor sentiment.

Rupee falls 24 paise against US dollar amid rising crude oil prices

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.18 per cent to 92.38.

Indian rupee posts biggest monthly fall in 15 months amid high crude prices

Traders said month-end demand for dollars from oil importers was one of the main factors driving the unit lower, while weak local equities also hurt sentiment

Rupee depreciates 5 paise to 74.28 against US dollar in early trade

The Indian rupee depreciated 5 paise to 74.28 against the US dollar in opening trade on Wednesday as firm American currency and rising crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 74.23 against the dollar, then fell further to 74.28, registering a fall of 5 paise over its previous close. On Tuesday, the rupee had settled at 74.23 against the US dollar. "The obvious risk for the rupee is increasing COVID-19 delta variant cases, which continues to lend support to the greenback and could weigh on sentiments back home," Reliance Securities said in a research note. Moreover, Asian currencies have started flat to marginally weaker against the greenback this Wednesday morning and could also weigh on the local unit, the note added. Global oil benchmark Brent crude futures rose 0.41 per cent to USD 75.07 per barrel. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was unchanged

Rupee falls 4 paise to end at 74.23 as stronger dollar weighs on sentiment

At the interbank foreign exchange market, the rupee opened at 74.26 per dollar as against its previous close of 74.19.

Rupee inches 1 paisa higher to close at 74.19 against US dollar

At the interbank foreign exchange market, the rupee opened at 74.24 per dollar as against its previous close of 74.20.

Rupee declines 6 paise to 74.26 against US dollar in early trade

The Indian rupee slumped 6 paise to 74.26 against the US dollar in opening trade on Monday as firm crude oil prices weighed on investor sentiment.

Rupee slips 2 paise against US dollar amid higher crude oil prices

Higher crude oil prices weighed on forex market sentiment