Page 6 - Rupee Vs Dollar

Rupee pares initial gains, falls 21 paise to close at 81.59 against dollar

The domestic currency finally settled at 81.59, down 21 paise over its previous close

Rupee registers biggest weekly gain against US dollar in two months

Hope of reduced Fed rate hikes, lack of RBI dollar buys drive rupee gains

Rupee to open higher on Friday as data boosts smaller Fed rate-hike bets

The rupee was likely to be around 81.20-81.30 per dollar in early trades, compared to 81.55 in the previous session

Rupee closes at 81.57 against dollar amid muted trend in domestic equities

On Wednesday, the rupee settled at 81.68 against the US dollar

Rupee up 14 paise to 81.54 per dollar amid firm trend in domestic equities

The rupee gained 14 paise to 81.54 against the US dollar in early trade on Thursday supported by broad dollar weakness and a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 81.54 against the dollar, registering a rise of 14 paise over its previous close. In initial trade, the local unit also touched an early low of 81.66 against US dollar. On Wednesday, the rupee settled at 81.68 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 103.08. Brent crude futures, the global oil benchmark, rose 0.06 per cent to USD 82.72 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 117.7 points or 0.20 per cent higher at 60,223.20. The broader NSE Nifty advanced 33.25 points or 0.19 per cent to 17,928.95. F

Rupee continues winning streak, gains 1.5% in 3 days on foreign flows

Reduced dollar demand from oil firms, lack of RBI dollar buys prop up rupee

Rupee gains 13 paise to 81.61 against US dollar as crude prices ease

At the interbank foreign exchange, the domestic unit opened at 81.73 against the dollar, then gained ground to touch 81.61, registering a rise of 13 paise over its previous close

Rupee closes at 81.78 against dollar; biggest single-day gain since Nov

The rupee gained 57 paise to close at 81.78 (provisional) against the US dollar on Tuesday, the biggest single-day gain since November. Forex traders said the rupee was the best performer among Asian currencies and now has the support of 81.70. At the interbank foreign exchange market, the local unit opened at 82.20 and touched an intra-day high of 81.72 and a low of 82.26 against the greenback. It finally ended at 81.78 (provisional), registering a rise of 57 paise over its previous close. On Monday, the rupee settled at 82.35 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.12 per cent to 103.12. The rupee became the best performer among the Asian currencies following stop order triggers and inflows from bond selling, said Dilip Parmar, Research Analyst, HDFC Securities. "The local unit witnessed the biggest single-day gains after November 11 and broke the psychological level of 82 as the traders rush

Rupee closes at 82.37 against dollar amid firm trend in domestic equities

The rupee gained 29 paise to close at 82.37 (provisional) against the US dollar on Monday, supported by a weaker greenback overseas and a firm trend in domestic equities. At the interbank foreign exchange market, the local unit opened at 82.41 and touched an intra-day high of 82.25 and a low of 82.44 against the greenback. It finally ended at 82.37 (provisional), registering a rise of 29 paise over its previous close. On Friday, the rupee settled at 82.66 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.24 per cent to 103.62. According to Dilip Parmar, Research Analyst, HDFC Securities, the rupee strengthened in line with Asian currencies and touched a month high. "In the last couple of days, the rupee has underperformed among its regional peers amid a headwind of wide current account deficit and foreign fund outflows. But now, looking at the recent high-frequency data and rebound in the risk assets, we cou

Rupee gains 33 paise to 82.33 against US dollar in early trade today

The rupee appreciated 33 paise to 82.33 against the US dollar in early trade on Monday, supported by a weak American currency and a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.41 against the dollar, then gained ground to touch 82.33, registering a rise of 33 paise over its previous close. On Friday, the rupee settled at 82.66 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 103.61. Brent crude futures, the global oil benchmark, rose 1.06 per cent to USD 79.40 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 468.29 points or 0.78 per cent higher at 60,368.66. The broader NSE Nifty rose 153.80 points or 0.86 per cent to 18,013.25. Foreign Institutional Investors (FIIs) were net sell

Rupee closes at 82.71 against dollar amid muted trend in domestic equities

The rupee pared initial gains and settled 9 paise lower at 82.71 (provisional) against the US dollar on Friday, tracking a rebound in the greenback overseas and a muted trend in domestic equities. Forex traders said risk aversion in international markets and sustained foreign fund outflows weighed on investor sentiments, even as weak crude oil prices cushioned the downside. At the interbank foreign exchange market, the rupee opened on a positive note at 82.52 against the greenback, but pared the gains and fell to an intra-day low of 82.75. The domestic currency finally settled at 82.71, down 9 paise over its previous close of 82.62. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.37 per cent higher at 105.42. Global oil benchmark Brent crude futures rose 0.74 per cent to USD 79.27 per barrel. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated on Friday on rebound in US

Rupee, worst emerging Asia currency of 2022, likely to fall further

RBI may mop up any inflows to boost its foreign-exchange reserves, a move that may also work against the rupee

Rupee rises 15 paise to 82.47 against US dollar in early trading

The rupee gained 15 paise to 82.47 against the US dollar in early trade on Friday tracking a firm trend in domestic equities. Forex traders said sustained foreign fund outflows and strength of the American currency in the overseas market weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.52 against the dollar, then gained further ground to touch 82.47, registering a rise of 15 paise over its previous close. On Thursday, the rupee settled at 82.62 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 105.07. Brent crude futures, the global oil benchmark, advanced 1.22 per cent to USD 79.65 per barrel. As per ADP, the US economy added 235,000 private jobs in December against expected 150,000. Initial jobless claims too came in lower at 204,000 against expected 225,000, IFA Global Research Academy said in a res

Rupee gains on corporate investments, cheaper global oil prices

Currency could be poised to gain after recent sharp underperformance, say analysts

Rupee gains 32 paise, closes at 82.50 against dollar on weaker greenback

The rupee gained 32 paise to close at 82.50 (provisional) against the US dollar on Thursday, supported by a weaker greenback overseas. Forex traders said factors like strong Asian peers and crude oil prices trading below USD 80 per barrel also helped the currency. However, sustained foreign fund outflows and a weak trend in domestic equities dented investor sentiments. At the interbank foreign exchange market, the local unit opened at 82.75 and touched an intra-day high of 82.50 and a low of 82.80 against the greenback. It finally ended at 82.50 (provisional), registering a rise of 32 paise over its previous close. On Wednesday, the rupee recovered from its all-time low level and settled at 82.82 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.06 per cent to 104.18. "The Indian rupee gained for a second day in trot supported by a weaker greenback and stronger regional peers. However, the gain was curtaile

Here's why Sensex crashed over 1,200 points in two days

Key indices the S&P BSE Sensex crashed over 1,200 points in two days to hit Thursday's low of 60,049 levels, whereas the Nifty50 tumbled over 300 points to hit day's low of 17,892 levels

Rupee recovers from all-time low level, gains 18 paise against dollar

The rupee recovered from its all-time low level and settled 18 paise higher at 82.82 (provisional) against the US dollar on Wednesday, supported by easing crude oil prices. Forex traders said the weakness of the greenback in the overseas market, strong Asian peers and suspected intervention by the Reserve Bank of India (RBI) also helped the currency. However, sustained foreign fund outflows and a weak trend in domestic equities restricted the appreciation bias to some extent. At the interbank foreign exchange market, the local unit opened at 82.87 and touched an intra-day high of 82.74 and a low of 82.91 against the greenback. It finally settled at 82.82, registering a rise of 18 paise over its previous close. On Tuesday, the rupee had slumped 22 paise to close at its all-time low of 83 against the dollar. "The Indian rupee snapped a two-day fall as the dollar index wiped out most gains of Tuesday and crude oil declined more than 2 per cent to USD 80 a barrel. The stronger Asian

Rupee's threat to slip below 83 per US dollar likely nipped by RBI

The local currency on the interbank order matching system fell to 82.9950, prompting state-run banks to sell dollars, likely on behalf of the RBI

Rupee gains 9 paise to 82.69 against US dollar as crude price retreats

The rupee appreciated 9 paise to 82.69 against the US dollar in early trade on Tuesday, as crude oil price retreated from its elevated levels. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.69 against the dollar, registering a rise of 9 paise over its previous close. On Monday, the rupee declined 17 paise to close at 82.78 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 103.55. Brent crude futures, the global oil benchmark, declined 0.30 per cent to USD 85.65 per barrel. "India December Manufacturing PMI came in at 57.8 against 55.7 in November. This shows that economy is still resilient as has also been evident from other high frequency indicators such as car sales and core sector data," IFA Global Research Academy said in a research note. The

Rupee starts New Year on muted note, closes at 82.75 against dollar

The rupee started the New Year on a muted note, declining 14 paise to close at 82.75 (provisional) against the US dollar on Monday as rising crude oil prices and sustained foreign fund outflows weighed on investor sentiment. Forex traders said the support from firm domestic equities and weak American currency was negated by the gains in crude oil prices and sustained foreign fund outflows. At the interbank foreign exchange market, the rupee opened lower at 82.66 against the greenback and witnessed an intra-day high of 82.56 and a low of 82.78. It finally settled at 82.75, down 14 paise over its previous close. On the last trading day of 2022, the rupee had settled at 82.61. "The Indian rupee started the first trading day of the new year with a small loss as many markets remained closed on account of the New year Holiday. "The rupee was unable to hold the morning gains in absence of inflows. The thin trading volumes, stronger domestic equities and better-than-expected PMI readings