Page 21 - Rupee Vs Dollar

Rupee at 80: Textiles, gems & jewellery upbeat, but gains may not sustain

Textile industry players indicate that the weak rupee will help the industry, which is a net exporter, to the extent of 5-10 per cent rise in profit margins

Rupee declines to record low of 80.01 to a dollar as foreign funds exit

The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum

Rupee closes just 2 paise shy of 80 against US dollar as oil prices rise

Crude oil prices jumped on Monday as US President Joe Biden's talks with West Asian countries failed to culminate in an agreement to increase output

Rupee appreciates 6 paise to 79.76 against dollar in early trade

The rupee appreciated 6 paise to 79.76 against the US dollar in early trade on Monday as a positive trend in domestic equities supported the local unit

Trade in rupee: A little step forward but nothing more

Transactions in INR shift entire exchange rate risks to the foreign party. It is difficult to fathom why any foreign trader would agree to that

Business Standard poll: The worst may soon be over for rupee, say experts

It's seen at 80.20/$ at July-end, stabilising at 80.50 by Sept

Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low

The country's foreign exchange reserves had declined by $8 billion in the week ended July 8 to hit a 15-month low of $580.25 billion as RBI stepped intervention in the forex market

Rupee up 7 paise to 79.92 per dollar amid firm trend in domestic equities

At the interbank foreign exchange, the rupee opened up at 79.95 against the American dollar, then gained further strength to trade at 79.92 in early deals

Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards

Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday

Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards

The rupee was trading at 79.80 against the US dollar at 10.10am IST, compared to its close of 79.64 on Wednesday

Rupee drops 9 paise to hit new low of 79.90 against US dollar

The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and capital outflows. A decline in crude oil prices in the international markets, however, restricted the rupee losses, forex dealers said. At the interbank foreign exchange market, the local currency opened strong at 79.72 and witnessed an intra-day high of 79.71 and a low of 79.92 against the US dollar in the day trade. The local unit finally settled at 79.90 a dollar, down 9 paise over its previous close. The rupee pared its early gains as the US dollar continued to gain against a basket of leading global currencies in early European trade. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.37 per cent up at 108.36. Brent crude futures, the global oil benchmark, dropped 2.20 per cent to USD 97.38 per barrel. On the domestic equity market front, the BSE Sensex ended 98 points o

Strength and opportunity: What rupee going 'international' will mean

The rupee is partially convertible. It attained current account convertibility in the early- through mid-1990s. This means the rupee can be converted to any foreign currency at existing market rates

Rupee hits lifetime low for fourth straight day on broad dollar rally

The Indian rupee weakened in opening trade to hit record lows against the greenback for a fourth straight session after data showed US inflation, already at four-decade highs, accelerated even further

Rupee ends at new low as global risk fears spur rush to safe-haven dollar

The rupee has already lost 0.5% to the greenback this week, taking the depreciation for 2022 so far to 6.7%

Rupee drops by 22 paise to new low of 79.81 against US dollar

The rupee declined by 22 paise to close at a record low of 79.81 against the US currency on Wednesday after the dollar surged to a 20-year high in overseas markets

Rupee drops to new low of 79.62 against USD amid domestic equities' losses

At the interbank forex market, the local unit opened strong at 79.55 against the greenback but could not hold on to gains and slipped in the negative territory

Taper tantrum playbook key for RBI as rupee continues slide to record lows

The rupee has declined almost 7% this year, bringing back memories of the selloff nearly a decade ago, when fiscal and current account deficits also widened

Rupee falls to a fresh low, just 40 paise away from 80 per dollar

The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close

Neighbours, Russia can help convert 16.38% of India's trade into rupees

The rupee's use in trade settlement would help the RBI in conserving foreign exchange. India's forex reserves have fallen by more than Rs 1 trillion since the outbreak of the Russia-Ukraine war

Rupee at record low as US dollar surges globally, domestic markets fall

Fears of a global recession weigh on the unit despite RBI measures to boost dollar inflow