Page 41 - Indian Rupee

Rupee opens on flat note, inches 4 paise higher to 74.14 against dollar

The Indian rupee started on a flat note this Friday against the greenback and inched 4 paise higher to 74.14 against the US dollar in early trade tracking a muted trend in the domestic equity market. At the interbank foreign exchange, the domestic unit opened at 74.15 against the dollar, then inched higher to 74.14, registering a gain of 4 paise over its previous close. The local unit also witnessed a low of 74.19 in initial deals. On Thursday, the rupee had settled at 74.18 against the US dollar. Global oil benchmark Brent crude futures rose 0.16 per cent to USD 75.68 per barrel. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent down at 91.76. Asian currencies have started flat to marginally stronger against the greenback this Friday morning and could cap weakness, however, firm crude oil prices could cap appreciation bias, Reliance Securities said in a research note. Meanwhile, the Reserve Bank of In

Rupee snaps 2-day losing streak, closes up by 10 paise at 74.27 vs USD

This follows weakness in the American currency in the overseas market.

Wealth of India's super-rich slips 4.4% in 2020 due to rupee fall: report

This comes in spite of Mukesh Ambani, Gautam Adani, the Poonawallas and many other Indians seeing a jump in their net worth in this time

Rupee falls for second day, settles 27 paise down at 74.37 against USD

This marks the second straight day of losses following a stronger dollar overseas.

Rupee falls 34 paise to 74.20 against US dollar in early trade

The Indian rupee slumped 34 paise to 74.20 against the US dollar in opening trade on Monday tracking the strengthening of the American currency and a muted trend in domestic equities

Forex has helped avert a currency run, but continuous inflow has its risks

At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks

Rupee ends marginally lower to close at 73.32 against US dollar

The domestic currency has lost 52 paise in the seven trading sessions to Wednesday.

Rupee falls for 6th straight session, settles 2 paise down at 73.31/USD

The domestic currency has lost 51 paise in the six trading sessions to Tuesday.

Rupee falls for 5th straight session, settles 22 paise down at 73.29/USD

The domestic unit has lost 49 paise in the last five trading sessions.

Rupee extends losses for third session, breaches 73-mark against US dollar

The currency fell by 9 paise

Rupee falls by 9 paise to 72.89 against US dollar amid weakness in equities

The rupee depreciated by 9 paise to end at 72.89 against the US dollar on Tuesday, tracking a strong dollar overseas and subdued sentiment in the domestic equities. However, a fall in crude oil prices restricted the rupee's fall, forex traders said. At the interbank forex market, the local unit opened slightly up at 72.78 against the greenback and witnessed an intra-day high of 72.76 and a low of 72.90. It finally ended at 72.89 against the American currency, a decline of 9 paise over its previous close. On Monday, the rupee had settled at 72.80 against the US dollar. On the domestic equity market front, the BSE Sensex ended 52.94 points or 0.10 per cent lower at 52,275.57, while the broader NSE Nifty slipped 11.55 points or 0.07 per cent to 15,740.10. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.20 per cent to 90.12. Brent crude futures, the global oil benchmark, fell 0.66 per cent to USD 71.02 per barrel. Forei

Rupee strengthens by 8 paise to 72.54 against US dollar in early trade

The Indian rupee appreciated amid improved risk appetite and the broad weakness of the greenback in the overseas market

Rupee likely to remain volatile amid Covid blues this fiscal: Experts

Shrugging off pandemic-induced economic woes, the Indian rupee has witnessed significant appreciation in the first two months of the current fiscal

Rupee climbing fast to the dollar, 10-year bond yields back to 6%

RBI is trying to maintain a tight leash on the 10-year bond rates, and once again devolved them in Friday's auction

Rupee comes back stronger on bets India's Covid crisis may be easing

India's currency has climbed 1.5% against the dollar in May to beat all its regional peers as the nation's daily infections decline.

Rupee climbs to 8-week high of 72.83; rises 29 paise against US dollar

The Indian rupee surged by 29 paise to hit an eight-week high of 72.83 against the US dollar on Friday, tracking positive domestic equities and upbeat Asian peers against the American currency.

Rupee snaps 3-day winning streak, drops 13 paise to 73.18 against dollar

Halting its three-day winning run, the rupee on Wednesday declined by 13 paise to close at 73.18 (provisional) against the US dollar in line with the fall in the domestic equity market

Rupee gains for 3rd straight day; rises 17 paise to 73.05 against dollar

The rupee strengthened for the third straight session and closed 17 paise higher at 73.05 (provisional) against the US dollar tracking positive domestic equities

Rupee gains for 2nd straight session on positive equities, rises by 7 paise

The rupee rose for 2nd straight session to close 7 paise higher at a one-and-a-half month high of 73.22 against the US dollar on the back of positive domestic equities and weak American currency

Rupee rises 13 paise to settle at 73.29 on weaker US dollar today

The Indian rupee strengthened by 13 paise to end at 73.29 (provisional) against the US dollar on Friday, tracking weaker American currency in the overseas market