The Indian rupee depreciated by 12 paise to 74.54 against the US dollar in opening trade on Wednesday, tracking stronger American currency in the overseas market.
The Indian rupee depreciated by 16 paise to 74.55 against the US dollar in opening trade Tuesday, as a muted trend in the domestic equity market and firm American dollar weighed on investor sentiment
The rupee pared initial losses to settle 9 paise higher at 74.28 against the US dollar on Wednesday on lower crude oil prices.
The rupee surged 12 paise to 74.33 against the US dollar in opening trade on Monday as a firm trend in domestic equities and easing crude oil prices boosted investor sentiments. At the interbank foreign exchange, the rupee opened strong at 74.38 against the dollar and gained further ground to 74.33 in early deals, a rise of 12 paise over its previous close. On Friday, the rupee had settled at 74.45 against the US dollar. According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, as the dollar index rises and oil prices fall, rupee is likely to move within a range of 74.20 to 74.60 for the day. "With three listings on Wednesday, outflow could be seen particularly that of Paytm... India CPI came a tad higher at 4.48 per cent while IIP came a bit lower at 3.1 per cent. Oil prices have fallen to 81.50 while dollar Index has risen to 95.10," Bhansali said, adding that exporters can take a call to sell at 74.55 while importers may buy near to 74.20. Meanwhile, the dol
The Indian rupee depreciated by 20 paise to 74.54 against the US dollar in opening trade on Thursday, weighed down by a lacklustre trend in the domestic equity market and firm American dollar
The Centre's fiscal deficit touched just 35 per cent of the Budget Estimates in the first six months of 2021-22
The rupee was at 74.61 to a dollar on November 13 - the beginning of Samvat. It ended at 74.46 to a dollar on Wednesday
A weak American currency in the overseas market also helped the local unit, forex dealers said
The Indian rupee appreciated 12 paise to 75.25 against the US dollar in opening trade on Thursday, buoyed by heavy buying in domestic equities and fresh foreign fund inflows.
The rupee's movement has been particularly strong in the past few sessions
The Indian rupee appreciated 26 paise to 75.26 against the US dollar in opening trade on Wednesday, supported by positive macroeconomic data and a rally in domestic equity market
Rising crude oil prices and a stronger American currency in the overseas market weighed on investor sentiment.
The rupee snapped its three-session losing streak to settle 19 paise higher at 74.79 (provisional) against the US dollar on Thursday, tracking a positive trend in domestic equities
The Indian rupee appreciated 22 paise to 74.76 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities. At the interbank foreign exchange, the rupee opened at 74.77 against the dollar, then inched higher to 74.76 registering a rise of 22 paise over its previous close. On Wednesday, the Indian rupee suffered its biggest single-day drop in six months, losing 54 paise against the US dollar to end at 74.98. Forex traders said market participants remain cautious also ahead of the important RBI policy statement that is scheduled to be released this Friday. The Reserve Bank's rate-setting panel started its three-day deliberations on the next bi-monthly monetary policy on Wednesday, amid rising global commodity prices and the need to contain inflation at home. The decision of the six-member Monetary Policy Committee (MPC) would be announced on Friday by RBI Governor Shaktikanta Das. Meanwhile, the dollar index, which gauges the greenback's stren
The 10-year bond yield closed at 6.28 per cent, its highest level since April 17, 2020
At the interbank foreign exchange market, the local currency opened at 74.63 and witnessed an intra-day high of 74.54 and a low of 74.99 against the US dollar in day trade.
The rupee was at 74.53 a dollar at 11.40am, down from its previous close of 74.31, as the dollar index crossed 94: its highest level since November 2020
The Indian rupee declined 5 paise to 74.17 against the US dollar in opening trade on Monday, in line with its Asian peers amid the strengthening of the American currency in the overseas market
The partially convertible rupee was trading at 74.11/12 per dollar, as of 0622 GMT, after touching 74.1875, its weakest since Aug. 27. The pair had closed at 74.04 on Tuesday
The Indian rupee declined 13 paise to 74.19 against the US dollar in opening trade on Wednesday, tracking a muted trend in domestic equities.