Page 34 - Rupee Vs Dollar

Rupee continues to rise on Fed Chair Powell's take on taper

Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies

Rupee rallies 40 paise to close at 73.29 against US dollar

The rupee surged by 40 paise to close at 73.29 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and a weak American currency.

Rupee surges 31 paise to 73.38 against the US dollar in early trade

The Indian rupee appreciated 31 paise to 73.38 against the US dollar in opening trade on Monday, tracking a positive trend in domestic equities.

Rupee inches 2 paise higher to close at 74.22 against US dollar

The rupee eked out a marginal 2 paise gain to close at 74.22 (provisional) against the US dollar on Thursday amid a muted trend in domestic equities. Traders said the domestic unit is trading in a narrow range as investors are awaiting cues from the key speech from US Federal Reserve Chair Jerome Powell on Friday. Moreover, a strong dollar in the overseas markets and rising crude prices weighed on the investor sentiment, forex traders said. At the interbank forex market, the local unit opened at 74.22 against the greenback and moved in a range of 74.11 to 74.27 in the day trade. It finally ended at 74.22 against the American currency, registering a rise of 2 paise over its previous close. On the domestic equity market front, the BSE Sensex ended 4.89 points or 0.01 per cent higher at 55,949.10, while the broader NSE Nifty advanced 2.25 points or 0.01 per cent to 16,636.90. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose

Rupee surges 13 paise to 74.11 against US dollar in early trade

The Indian rupee appreciated 13 paise to 74.11 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 74.22 against the dollar, then surged higher to 74.11, up 13 paise over its previous close. On Wednesday, the rupee had settled at 74.24 against the US dollar. Global oil benchmark Brent crude futures fell 0.48 per cent to USD 71.90 per barrel. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.06 per cent at 92.87. On the domestic equity market front, BSE Sensex was trading 116.17 points or 0.21 per cent higher at 56,060.38, while the broader NSE Nifty advanced 38.50 points or 0.23 per cent to 16,673.15. Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 1,071.83 crore, as per exchange data. Traders said investors are awaiting cues on the scaling back of

Dollar slips further as oil prices jump, commodity currencies gain

The dollar index, which measures the greenback against a basket of six currencies, fell 0.091% to 92.903.

Rupee snaps 5-day winning streak, drops 11 paise against US dollar

Halting its five-session winning run, the rupee on Monday declined by 11 paise to close at 74.26 (provisional) against the US dollar, tracking the firm American currency

Rupee gains 8 paise to close at 74.34 against US dollar

The rupee gained 8 paise to close at 74.34 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and a weak American currency. Forex traders said the rupee is trading in a narrow range as investors are awaiting the RBI's monetary policy meeting outcome for further cues. At the interbank forex market, the local unit opened at 74.38 against the greenback and witnessed an intra-day high of 74.30 and a low of 74.43. It finally ended at 74.34 against the American currency, registering a rise of 8 paise over its previous close. On Friday, the rupee had settled at 74.42 against the US dollar. "Despite rebound in manufacturing PMI activities, price action in forex markets remained dull as participants choose to wait and watch ahead of RBI's monetary policy scheduled on August 6," said Dilip Parmar, Research Analyst, HDFC Securities. India's manufacturing sector activities witnessed the strongest rate of growth in three months in July. The seasonally

India rupee at over 3-week high on Fed's dovish stance, gains in equities

The dollar also slipped to multi-week lows in Asian trading on Thursday

Rupee declines 12 paise to 74.58 against US dollar in early trade

The Indian rupee depreciated 12 paise to 74.58 against the US dollar in opening trade on Friday tracking a firm American currency

Rupee gains for second straight session, settles at 74.46 against dollar

The rupee strengthened against the US currency for the second straight session on Thursday, closing 15 paise higher at 74.46 (provisional) amid a rally in the domestic stocks.

Rupee gains 5 paise to close at 74.54 against US dollar

The rupee pared some of its initial gains to settle 5 paise higher at 74.54 (provisional) against the US dollar on Thursday amid a firm trend in domestic equities. At the interbank forex market, the local unit opened at 74.48 against the greenback and witnessed an intra-day high of 74.47 and a low of 74.55 during the session. On Wednesday, the rupee had settled at 74.59 against the US dollar. "Indian rupee consolidated in the range of 74.65 to 74.40 for the fifth day in absence of fresh cues. Traders are in dilemma as at one end risk-on sentiments and dollar inflows are in favour of rupee while on other hand higher crude oil prices and central bank's interventions adding pressure on rupee," Dilip Parmar, Research Analyst, HDFC Securities. Parmar further added that Spot USDINR is likely to remain in range of 74.40 to 74.65 for few more days amid dollar inflows and stronger regional currencies. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of si

Rupee's wild ride may end as foreign inflows surge: Credit Agricole CIB

Higher foreign inflows and the prospect of the RBI moving to control inflation may help control the rupee's volatility

Rupee strengthens 12 paise to 74.47 against US dollar in early trade

The Indian rupee strengthened by 12 paise to 74.47 against the US dollar in early trade on Thursday, as a dovish US Fed pulled greenback lower

Rupee snaps 3-day winning streak, drops 10 paise to 74.59 against dollar

Halting its three-day winning run, the rupee on Wednesday declined by 10 paise to close at 74.59 (provisional) against the US dollar. At the interbank foreign exchange market, the domestic currency opened at 74.57 against the American currency, and slipped further to close at 74.59, registering a decline of 10 paise over its previous close. On Tuesday, the rupee had closed at 74.49 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05 per cent to 92.70. "The market focus is on how Jerome Powell will react to the surging US CPI data and how long can Federal Reserve policy stay ultra-loose. Powell's dovish tone at tonight's semi-annual testimony, will be negative for USDINR spot but if he talks about tapering the bond purchases then we may see the spot to trade towards 75 zone," said Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. As long as the spot trades above 74.40, the tre

Rupee depreciates 12 paise to 74.61 against US dollar in early trade

The Indian rupee depreciated 12 paise to 74.61 against the US dollar in opening trade on Wednesday as firm American currency and weak domestic equities weighed on investor sentiment

Rupee strengthens 14 paise to 74.44 against US dollar in early trade

The Indian rupee strengthened by 14 paise to 74.44 against the US dollar in early trade on Tuesday, tracking a firm trend in the domestic equity market

Rupee pares early gains to settle 6 paise higher at 74.58 against US dollar

The rupee pared some of its initial gains and settled 6 paise higher at 74.58 (provisional) against the US dollar on Monday, ahead of the release of key inflation data.

Rupee strengthened 21 paise to 74.43 against US dollar in early trade

The Indian rupee strengthened by 21 paise to 74.43 against the US dollar in early trade on Monday, tracking a firm trend in the domestic equity market

Rupee slides toward year's low against dollar as trade deficit widens

The Reserve Bank of India also has $600 billion of currency reserves to draw on to curb any sharp fall in the rupee