Page 8 - Rupee Vs Dollar

Rupee slips 4 paise against US dollar in line with domestic equities

The rupee depreciated 4 paise to 82.80 against the US dollar in early trade on Friday due to losses in domestic equities and risk aversion in global markets. However, a weak greenback overseas supported the domestic currency and restricted the decline, forex traders said. At the interbank foreign exchange, the rupee opened weak at 82.84 against the dollar, then gained some ground to quote at 82.80, registering a fall of 4 paise over its previous close. In the previous session on Thursday, the rupee settled 27 paise lower at 82.76 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.28 per cent to 104.27. Brent crude futures, the global oil benchmark, advanced 0.59 per cent to USD 81.69 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 293.36 points or 0.47 per cent lower at 61,505.67. The broader NSE Nifty fell 77.85 points or 0.42 per cent to 18,337.05. Foreign Instituti

Rupee, bonds take a sharp knock as Fed maintains aggressive stance

The domestic currency has depreciated over 10% against the greenback so far this year

Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall

The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388

Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit

CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388

Rupee falls 4 paise to 82.64 against US dollar ahead of Fed meeting

The rupee depreciated 4 paise to 82.64 against the US dollar in early trade on Wednesday as a strengthening greenback overseas and risk-off sentiment among investors ahead of the US Fed's interest rate decision weighed on the local unit. However, a firm trend in domestic equities supported the domestic currency, forex dealers said. At the interbank foreign exchange, the domestic unit opened flat at 82.60 against the dollar, then lost some ground to quote at 82.64, registering a decline of 4 paise over its previous close. In early deals, the rupee was moving in a tight range of 82.60-82.65. In previous session on Tuesday, the rupee settled 9 paise lower at 82.60 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.11 per cent to 104.09. Brent crude futures, the global oil benchmark, fell 0.33 per cent to USD 80.41 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 238.7

Sensex surges 403 pts; Nifty tops 18,600; PSU Bank index leaps 4%, IT 1%

CLOSING BELL: IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index

Rupee sheds 26 paise to dollar as firm US data leads to Fed hike jitters

The domestic unit settled at 82.54 to the dollar on Monday, from 82.28 at previous close. So far in 2022, the Indian currency has shed 9.9% against the greenback

RBI sells $33.42 billion in Apr-Sep FY23 to curb rupee volatility

The Reserve Bank of India (RBI) net sold USD 33.42 billion in the foreign exchange market in the first six months of current fiscal to defend the rupee from excessive volatility. The central bank closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate, without reference to any pre-determined target level or band. "During the financial year, the RBI's operations have resulted in net sales of USD 33.42 billion till September 2022 (settlement basis)," Finance Minister Nirmala Sitharaman said in a reply to the Lok Sabha. The exchange rate of the Indian Rupee (INR) against the greenback hit a record high of Rs 83.20 per dollar on October 20, 2022. The value of rupee is market-determined. As global spillovers from geopolitical tensions and aggressive monetary policy tightening across the world intensified alongside a surge in crude oil prices, the US dollar strengthened by 7.8 per cent

Rupee falls 35 paise against US dollar amid heavy selling in equities

The rupee declined 35 paise to 82.63 against the US dollar in early trade on Monday as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. Besides, foreign fund outflows and rising crude oil prices in the international market impacted the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.54 against the dollar, then lost further ground to quote at 82.63, registering a fall of 35 paise over its previous close. On Friday, the rupee settled 10 paise higher at 82.28 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.35 per cent to 105.16. Brent crude futures, the global oil benchmark, advanced 0.66 per cent to USD 76.60 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 486.34 points or 0.78 per cent lower at 61,695.33. The broader NSE Nifty fell 138.

Rupee gains 10 paise to close at 82.28 against US dollar as it weakens

The rupee appreciated by 10 paise to close at 82.28 (provisional) against the US dollar on Friday, tracking the weakening of the American currency in the overseas market. Forex traders said muted domestic equities and foreign fund outflows weighed on investor sentiments and restricted the gains. At the interbank foreign exchange market, the local unit opened at 82.30 and touched an intra-day high of 82.08 and a low of 82.33 against the greenback. It finally settled at 82.28, registering a rise of 10 paise over its previous close of 82.38. Forex traders said investors awaited the outcome of a slew of central bank meetings next week for additional clues on the pace of rate hikes. "Focus will now be shifting to the FOMC policy statement. The central bank could raise rates by 50 bps and maintain a less hawkish stance," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. "We expect the USD-INR (Spot) to trade sideways and quote in the range of 82.20 and ..

Rupee appreciates 19 paise to 82.19 against US dollar in early trade

The rupee appreciated 19 paise to 82.19 against the US dollar in early trade on Friday on 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 82.30 against the dollar, then gained further ground to touch 82.19, registering a rise of 19 paise over its previous close. On Thursday, the rupee settled 9 paise higher at 82.38 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.23 per cent to 104.53. "With China relaxing its COVID restrictions such as mass testing, lockdowns and quarantine requirements, it is widely feared that cases and deaths would shoot up, causing further widespread economic disruptions. This is something we need to keep a close eye on," IFA Global Research Academy said in a research note. Brent cr

Rupee gains 3 paise to close at 82.44 against dollar on positive equities

The rupee consolidated in a narrow range and settled 3 paise higher at 82.44 (provisional) against the US dollar on Thursday, supported by positive domestic equities. At the interbank foreign exchange market, the local unit opened at 82.34 and touched an intra-day high of 82.26 and a low of 82.47 against the greenback. It finally settled at 82.44, registering a rise of 3 paise over its previous close of 82.47. "Rupee consolidated in a narrow range even after the RBI raised rates by another 35 bps. It lowered its FY23 GDP forecast to 6.8 per cent from 7 per cent," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. "We expect the USD-INR (Spot) to trade sideways and quote in the range of 82.20 and 82.80," he added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.29 per cent to 105.40. Global oil benchmark Brent crude futures rose 0.63 per cent to USD 77.66 per barrel. On the domestic .

Rupee at over 1-month low on renewed Federal Reserve rate hike fears

Indian currency underperforms EM peers; analysts cite shrinking forward premia, widening CAD

Rupee falls 76 paise to close at 82.61 against dollar amid selling pressure

The rupee declined by 76 paise to close at 82.61 against the US dollar on Tuesday due to heavy selling pressure in domestic equities and rising crude prices in the overseas markets. In addition, investors remained concerned over continued foreign capital outflows ahead of the RBI's policy announcement on Wednesday, forex dealers said. At the interbank foreign exchange market, the local unit opened weak at 81.94, then slipped further to end at 82.61, registering a fall of 76 paise. During the day, the local unit witnessed an intraday high of 81.94 and a low of 82.63. In the previous session on Monday, the rupee had settled down by 52 paise at 81.85 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.05 per cent to 105.24. Global oil benchmark Brent crude futures rose 0.64 per cent to USD 83.22 per barrel. On the domestic equity market front, the 30-share BSE Sensex fell 208.24 points or 0.33 per cent to end at .

Rupee falls 24 paise to 82.09 against dollar in line with domestic equities

The rupee declined 24 paise to 82.09 against the US dollar in early trade on Tuesday as heavy selling pressure in domestic equities and rising crude prices overseas weighed on investor sentiment. Besides, foreign fund outflows put pressure on the domestic unit, forex dealers said. At the interbank foreign exchange, the domestic unit opened weak at 81.94 against the dollar, then slipped further to 82.09, registering a fall of 24 paise over its previous close. In the previous session on Monday, the rupee had settled down by 52 paise at 81.85 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.07 per cent to 105.22. Brent crude futures, the global oil benchmark, advanced 0.94 per cent to USD 83.46 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 353.44 points or 0.56 per cent lower at 62,481.16. The broader NSE Nifty fell 99.30 points or 0.53 per cent to 18,601.75. Foreign ..

Rupee skids 48 paise as corporates, oil firms rush to buy dollars

Domestic unit has shed over 9% versus the greenback so far in 2022; latest weakness came despite softer dollar index and strength in Asian currencies, led by a firm Chinese yuan

Rupee gains 8 paise to 81.25 against US dollar ahead of MPC review

The rupee appreciated 8 paise to 81.25 against the US dollar in early trade on Monday supported by a weak dollar in the overseas market. Forex traders said weak domestic equities weighed on the local unit and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 81.26 against the dollar, then gained further ground to touch 81.25, registering a rise of 8 paise over its previous close. On Friday, the rupee had settled down by 7 paise at 81.33 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.37 per cent to 104.15. Brent crude futures, the global oil benchmark, advanced 1.05 per cent to USD 86.47 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 139.99 points or 0.22 per cent lower at 62,728.51. The broader NSE Nifty fell 22.60 points or 0.12 per cent to 18,673.50. Foreign Institutional Investors (FIIs) were net buyers in the capit

Forex reserves rise for third week in a row; up $2.9 bn to $550.14 bn

Fall in US dollar index seen providing revaluation boost to RBI reserves

Rupee premiums close to bottoming, RBI key moving part, says report

The 1-year rupee overnight index swaps declined about 30 bps in November, helped by a better inflation outlook domestically

Rupee gains as dollar slides on US data backing slower rate hikes

The Indian rupee rose on Friday, but gains were capped due to dollar demand amid a slump in the greenback