Indian currency closes at 78.97 to the greenback after hitting all-tine low of 78.98 intraday
So far in 2022, the rupee has shed around 5.8 per cent against the dollar as higher US interest rates and a surge in global commodity prices have the outlook on the currency
The rupee depreciated 11 paise to a record low of 78.96 against the US dollar in opening trade on Wednesday, weighed down by persistent foreign capital outflows
The domestic currency was trading at a fresh record low of 78.597 per US dollar against 78.34 per dollar at the previous close
The rupee slipped 1 paisa to close at its fresh life-time low of 78.34 (provisional) against US dollar on Monday despite a rally in the domestic equity markets. Firm crude oil prices in the international market and unabated foreign capital outflows put pressure on the domestic unit. However, a weak dollar overseas supported the local currency, forex dealers said. At the interbank forex market, the local unit opened sharply higher at 78.24 against the greenback, but paired all of its initial gains to settle at 78.34. It witnessed an intra-day high of 78.24 and a low of 78.36. In the previous session, the rupee had settled at 78.33 against the greenback. On the domestic equity market front, the BSE Sensex ended 433.30 points or 0.82 per cent higher at 53,161.28, while the broader NSE Nifty rose 132.80 points or 0.85 per cent to 15,832.05. The dollar index, which measures the greenback's strength against a basket of six currencies, slipped 0.21 per cent to 103.97. Brent crude futur
Recovering from its record low, the rupee opened 12 paise up at 78.20 against the US dollar on Friday, tracking a pullback in crude oil prices
Recovering from its record low, the rupee inched higher by 9 paise to 78.23 against the US dollar in early morning trade on Thursday
The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April
Ends at 78.39/$1 as against 78.08 on Tuesday. Wednesday's closing level also marks new record intraday low for the rupee versus greenback
Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 2,701.21 crore
The currency has already slumped more than 5% this year as Russia's invasion of Ukraine sent Brent crude surging to almost $140 a barrel in March
The rupee depreciated 4 paise to 78.17 against the US dollar in opening trade on Wednesday, tracking a muted trend in the domestic equity market and a firm American dollar
As the discussion shifts from internal to external factors, is the RBI being too conservative and could the rupee depreciate more?
The rupee inched lower by 6 paise to 78.04 against the US dollar in early trade on Tuesday, as persistent foreign fund outflows and strong dollar demand globally weighed on investor sentiments
Typically, the value of imports, which are in yen, is 7-8 per cent of the company's annual revenue
The rupee strengthened by 12 paise to 77.93 against the US dollar in opening trade on Monday as easing crude oil prices supported the local unit
At the interbank forex market, the rupee opened strong at 78.03 against the greenback and witnessed an intra-day high of 78.02 and a low of 78.10
The brokerage sees the yield on the 10-year India government bond (IGB) topping the 8 per cent mark before the end of the fiscal.
The rupee on Thursday recovered from its record low to close 12 paise higher at 78.10 against the American currency, tracking the overnight weakness of the dollar and falling crude oil prices.
On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday.