Page 17 - Rupee Vs Dollar

Rupee to remain under pressure despite RBI support, says Societe Generale

Rupee is likely to struggle against the dollar as slowing global growth and the Federal Reserve's interest rate stance overshadows RBI's intervention, suggested Societe General

Rupee rises by 6 paise to 79.86 against US dollar in opening trade

The rupee appreciated 6 paise to 79.86 against the US dollar in opening trade on Friday, driven by foreign fund inflows and a firm trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.87 against the dollar and inched higher to touch 79.86, registering a gain of 6 paise over its previous close. In the previous session, the rupee declined by 6 paise to close at 79.92 against the American currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.05 per cent to 108.51. Brent crude futures, the global oil benchmark, advanced 0.83 per cent to USD 100.16 per barrel. Forex traders said, the rupee is expected to witness range-bound trade this Friday, as investors await Federal Reserve Chairman Jerome Powell's speech for further clues about the pace of the US central bank's rate hikes. "Higher oil prices and a weak start in the Asian and emerging market peers could keep appreciating bias capped,

Market value of FPI holdings to investment at 3x: Motilal Oswal

Between 2011-12 and FY22, the market value of FPI holdings had increased at an annualised rate of 16.5 per cent in local currency terms and a modest 11.5 per cent in US dollar terms

Amid hefty FPI flows, rupee turns into outperformer among EM peers

Rupee performs better than 11 emerging market currencies amid jump in US dollar index

Sensex up 54 pts, Nifty holds 17,600; NDTV gains 5%, Adani Enterprises 4%

CLOSING BELL: Technically, shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08

Rupee at fair value despite balance of payment problems: JPMorgan analyst

Rupee's fair value is around 80 against the U.S. dollar, given the country's balance of payment challenges and the Reserve Bank of India's interventions: JPMorgan

Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel

Stocks to watch today: L&T commissioned a new green hydrogen plant at Hazira in Gujarat; Future Enterprises defaults on payments of interest of two non-convertible debentures (NCDs) of Rs 12.6 crore.

Asian market's dry spell leaves India's credit with worst streak in 13 yrs

No deals in excess of $100 million concluded in the week ending Aug 19, after just $453 million the week before

Forex market intervention aims met with lower fall in reserves: RBI article

The RBI intervenes in the foreign exchange market through sales or purchases of dollars to curb excessive volatility in rupee

We expect rupee to trade in 79.25-79.75 per dollar range: BoB report

The Indian rupee is expected to trade in the 79.25-79.75 per US dollar range in the coming days due to easing crude oil prices and continued inflows by foreign investors, the Bank of Baroda said

Rupee falls 19 paise to close at 79.64 as Fed minutes prop dollar

The rupee depreciated 19 paise to close at 79.64 (provisional) against the US dollar on Thursday, following the strength of the American currency in the overseas market. At the interbank foreign exchange market, the local currency opened at 79.60 and moved in a range of 79.60 to 79.71 during the day. It finally ended at 79.64 against the greenback, down 19 paise over its previous close. On Wednesday, the rupee gained 29 paise to settle at 79.45 against the dollar. Forex traders said the US dollar index witnessed an upturn after the Federal Open Market Committee (FOMC) meeting minutes showed that though things are slowing in the US, the Fed is not done with the rate hikes. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.10 per cent to 106.68. The US central bank policymakers committed to raising rates as high as necessary to tame inflation, said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Somaiya .

Rupee depreciates 23 paise to 79.68 against US dollar in early trade

The rupee depreciated 23 paise to 79.68 against the US dollar in opening trade on Thursday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 79.60 against the US dollar, then fell to 79.68, registering a decline of 23 paise over the last close. On Wednesday, the rupee gained 29 paise to settle at 79.45 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06 per cent to 106.64, as the Federal Open Market Committee (FOMC) meeting minutes showed that though things are slowing in the US, the Fed is not done with the rate hikes. Meanwhile, global oil benchmark Brent crude futures advanced 0.14 per cent to USD 93.78 per barrel. "Higher dollar index is offset by lower oil prices keeping the rupee in a narrow range while 10-year bond yields of India have gained as oil prices fall," said Anil Kumar Bhansali, He

Rupee seen stronger tracking oil price fall; US yields may cap gains

The rupee, which is set to resume trade after a four-day weekend, is seen opening at 79.25-79.30 per dollar, up from 79.6550 on Friday

Rupee down by 9 paise to 79.71 against US dollar in early trade today

The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil prices.

Rupee opens higher at 79.25 vs dollar as US inflation concerns ease

The Indian rupee opened higher against the dollar on Thursday as a decline in the US inflation rate boosted Asian currencies, lifting risk appetite

Rupee gains sharply as slowing US inflation softens Fed hike fears

Data released late Wednesday showed that US CPI inflation increased by a lesser-than-expected 8.5% in July as against a rise of 9.1% in June

Rupee rises by 11 paise to 79.52 against US dollar in early trade

The rupee appreciated by 11 paise to 79.52 against the US dollar in opening trade on Wednesday, tracking easing crude oil prices and foreign fund inflows.

Rupee sheds 40 paise against US dollar on aggressive Fed hike fears

The domestic currency closed at 79.65 per US dollar against 79.25 per dollar at previous close

Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes

The Federal Reserve has already raised interest rates by 225 basis points since March 2020

Rupee weakens 1% in two days as renewed talks of 'hawkish' Fed boost dollar

Record high trade deficit, technical factors add to woes