Page 6 - Indian Rupee

Rupee gains nearly 100 paise in two days to below 82 against dollar

Overseas flows, lack of RBI dollar buys behind best rupee showing in 2 months

Rupee gains 33 paise to 82.33 against US dollar in early trade today

The rupee appreciated 33 paise to 82.33 against the US dollar in early trade on Monday, supported by a weak American currency and a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.41 against the dollar, then gained ground to touch 82.33, registering a rise of 33 paise over its previous close. On Friday, the rupee settled at 82.66 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 103.61. Brent crude futures, the global oil benchmark, rose 1.06 per cent to USD 79.40 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 468.29 points or 0.78 per cent higher at 60,368.66. The broader NSE Nifty rose 153.80 points or 0.86 per cent to 18,013.25. Foreign Institutional Investors (FIIs) were net sell

Rupee, worst emerging Asia currency of 2022, likely to fall further

RBI may mop up any inflows to boost its foreign-exchange reserves, a move that may also work against the rupee

Rupee rises 15 paise to 82.47 against US dollar in early trading

The rupee gained 15 paise to 82.47 against the US dollar in early trade on Friday tracking a firm trend in domestic equities. Forex traders said sustained foreign fund outflows and strength of the American currency in the overseas market weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.52 against the dollar, then gained further ground to touch 82.47, registering a rise of 15 paise over its previous close. On Thursday, the rupee settled at 82.62 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 105.07. Brent crude futures, the global oil benchmark, advanced 1.22 per cent to USD 79.65 per barrel. As per ADP, the US economy added 235,000 private jobs in December against expected 150,000. Initial jobless claims too came in lower at 204,000 against expected 225,000, IFA Global Research Academy said in a res

Rupee gains on corporate investments, cheaper global oil prices

Currency could be poised to gain after recent sharp underperformance, say analysts

Rupee's threat to slip below 83 per US dollar likely nipped by RBI

The local currency on the interbank order matching system fell to 82.9950, prompting state-run banks to sell dollars, likely on behalf of the RBI

Rupee gains 9 paise to 82.69 against US dollar as crude price retreats

The rupee appreciated 9 paise to 82.69 against the US dollar in early trade on Tuesday, as crude oil price retreated from its elevated levels. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.69 against the dollar, registering a rise of 9 paise over its previous close. On Monday, the rupee declined 17 paise to close at 82.78 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 103.55. Brent crude futures, the global oil benchmark, declined 0.30 per cent to USD 85.65 per barrel. "India December Manufacturing PMI came in at 57.8 against 55.7 in November. This shows that economy is still resilient as has also been evident from other high frequency indicators such as car sales and core sector data," IFA Global Research Academy said in a research note. The

Trade in rupee with Russia: A good start with tea, pharma, engg goods items

Such transactions kicked off a week ago and are gradually expected to pick up pace amid the government's efforts towards ironing out the teething troubles related to the implementation

Rupee at 82.5750, gains on speculators bets, lack of cash dollar demand

Rupee was trading higher against the US dollar, helped by likely position building and lack of cash dollar demand

BS poll: Rupee seen range bound, widening current account deficit a risk

Renewed overseas flows to provide support

Top Headlines: SBI, LIC set to see new faces, worst yr for rupee since 2013

Business Standard brings you the top headlines at this hour

Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts

India's current account deficit widened to a more than nine-year high in the July-September quarter on the back of high commodity prices, which pushed up the trade deficit, data from RBI showed

Rupee gains 16 paise to 82.71 against US dollar on firm domestic equities

The rupee appreciated 16 paise to 82.71 against the US dollar in early trade on Friday, tracking a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.77 against the dollar, then gained further ground to touch 82.71, registering a rise of 16 paise over its previous close. On Thursday, the rupee consolidated in a narrow range and settled 7 paise lower at 82.87 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.13 per cent to 103.97. The rupee continued to trade range bound for the fourteenth straight session. There were strong bids seen around 82.75, which prevented USD/INR from sliding lower despite month-end exporter selling, IFA Global Research Academy said in a research note, adding that the "rupee is likely to trade an 82.65-82.95 r

Indian Rupee inches up as Asian currencies notch marginal gains on Thursday

The Indian rupee eked out slim gains on Thursday in its penultimate trading session of 2022, as Asian markets rebounded to move higher and the dollar flatlined

Best of BS Opinion: Slowdown year, Indian rupee goes digital, and more

Here is the best of Business Standard's opinion pieces for today

Indian rupee goes digital

Digital currency and fail-safe wireless connectivity should have preceded demonetisation

Trade settlements in rupee starts with Russia, more likely to join: Report

India is trying to promote trade settlements in rupee with not just Russia, but also Sri Lanka and Mauritius

Rupee depreciates 20 paise to close at 82.85 on high US dollar demand

The rupee declined 20 paise to close at 82.85 (provisional) against the US dollar on Tuesday, pressured by month-end dollar demand from importers and foreign capital outflows. At the interbank foreign exchange market, the rupee opened lower at 82.71 against the greenback and witnessed an intraday high of 82.69 and a low of 82.87. It finally settled at 82.85, down 20 paise over its previous close of 82.65. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.27 per cent lower at 104.02. Global oil benchmark Brent crude futures rose 0.83 per cent to USD 84.62 per barrel. The 30-share BSE Sensex ended 361.01 points or 0.60 per cent higher at 60,927.43, while the broader NSE Nifty climbed 117.70 points or 0.65 per cent to 18,132.30. Foreign Institutional Investors (FIIs) were net sellers in capital markets on Monday as they sold shares worth Rs 497.65 crore, according to exchange data. "Month-end dollar demand from oil importers a

5G to digital rupee, India made great strides in digital domain in 2022

2022 has seen India make great strides in the digital domain

India, Bangladesh discuss trade settlement in rupee, free trade agreement

India-Bangladesh: Other issues that were discussed were the removal of non-tariff barriers and the re-opening of border haats