Page 25 - Rupee

Rupee gains 6 paise to 74.68 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent lower at 95.53.

Why the shape of digital rupee will be determined by its use-cases

Experts agree a CBDC will help create a better financial ecosystem, but differ on its design

Rupee pares initial gains to settle flat at 74.83 against US dollar

The rupee pared its initial gains to settle on a flat note at 74.83 (provisional) against US dollar on Wednesday, even as the domestic equities closed on a positive note.

Rupee gains 11 paise to 74.71 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent lower at 96.26.

Rupee slips 17 paise to close at 74.82 against dollar on higher borrowing

The rupee pared its initial gains and settled 17 paise lower at 74.82 (provisional) against US dollar on Tuesday on the back of higher-than-expected borrowing in the next financial year.

Rupee gains 20 paise to 74.45 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 96.59.

India's high foreign exchange reserves not enough to shield rupee

A sharp rise in oil import bill has led to a big decline in forex reserves to imports in FY22

Rupee falls 41 paise to 75.19 against US dollar in early trade

Forex traders said muted domestic equities, sustained foreign fund outflows and firm crude oil prices also weighed on the local unit

Rupee falls by 19 paise to 74.62 against US dollar on high crude prices

The rupee on Monday slumped by 19 paise to 74.62 against the US dollar at close due to high crude oil prices, forex outflows and heavy losses in domestic equities amid growing geo-political worries.

Rupee gains 15 paise to 74.29 against US dollar in opening trade

The rupee appreciated by 15 paise to 74.29 against the US dollar in opening trade on Thursday, even as the domestic equity market was trading with significant losses. At the interbank foreign exchange, the rupee opened at 74.43 against the American dollar, then inched higher to 74.29, registering a rise of 15 paise from the last close. In the previous session, the rupee settled at 74.44 against the greenback. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent higher at 95.53. The US Dollar, along with benchmark 10-year yields and crude prices came off multi-year highs and could lend support to the domestic unit, Reliance Securities said in a research note. However, investors will remain cautious ahead of the US Federal Reserve's meeting due next week, it added. On the domestic equity market front, the 30-share Sensex was trading 383.54 points or 0.64 per cent lower at 59,715.28, while the broader NSE Nifty decline

Rupee declines 12 paise to 74.70 against US dollar in early trade

The rupee declined by 12 paise to 74.70 against the US dollar in opening trade on Wednesday, as muted domestic equities and elevated crude oil prices weighed on investor sentiments. At the interbank foreign exchange, the rupee opened weak at 74.70 against the US dollar, registering a decline of 12 paise from the last close. On Tuesday, the rupee slumped by 33 paise to close at a two-week low of 74.58 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.06 per cent to 95.67. The Indian Rupee opened weaker versus the dollar tracking the strength of the US bond yields and the greenback which got a lift on rate hike expectations, Reliance Securities said in a research note. Moreover, the strength of crude oil prices will also weigh on the local unit this Wednesday, it added. Meanwhile, global oil benchmark Brent crude futures jumped by 1.22 per cent to USD 88.58 per barrel. On the domestic equity mark

Rupee dips 9 paise to close at 74.24 against US dollar on rising oil prices

The rupee fell 9 paise to close at 74.24 (provisional) against the US dollar as muted domestic equities and elevated crude oil prices weighed on investor sentiments

Rupee trades in a narrow range in early session against US dollar

The Indian rupee was trading in a narrow range in morning trade on Monday as elevated crude oil prices negated the impact of positive domestic equities. At the interbank foreign exchange, the rupee opened lower at 74.18 against the American dollar, then inched higher to 74.16, registering a fall of 1 paisa from the last close. On Friday, the rupee had slumped 25 paise to close at 74.15 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 95.16. The Indian Rupee opened weaker versus the dollar tracking the strength of the greenback and strengthening bond yields, Reliance Securities said in a research note. Moreover, the strength of crude oil and a weak start in Asian and emerging market peers could also weigh on the local unit this Monday. On the domestic equity market front, the 30-share Sensex was trading 40.37 points or 0.07 per cent higher at 61,263.40, while the broader NSE Nifty advanced 2

Rupee falls 19 paise to 74.09 against US dollar in early trade on Friday

The rupee declined by 19 paise to 74.09 against the US dollar in opening trade on Friday, as muted domestic equities and elevated crude oil prices weighed on investor sentiments

Omicron blow: Rupee expected to weaken on inflation, infection woes

Likely surge in bond yields along with rising Covid cases are expected to weaken the Indian rupee during the upcoming week.

Rupee gains 12 paise to close at 74.30 against US dollar on Friday

The rupee gained 12 paise to close at 74.30 (provisional) against the US dollar on Friday, tracking positive domestic equities.

Rupee declines 6 paise to 74.44 against US dollar in early trade

The rupee declined by 6 paise to 74.44 against the US dollar in opening trade on Thursday

Dollar jumps to five-year high versus yen; rupee slides 30 paise

The dollar index rose 0.009 per cent, with the euro up 0.03 per cent to $1.1297

Rupee starts 2022 on muted note, falls 14 paise to 74.43 against US Dollar

The rupee started the year 2022 on a muted note as it slipped 14 paise to 74.43 against the US dollar in opening trade on Monday, tracking weak macroeconomic data. At the interbank foreign exchange, the rupee opened weak at 74.35, then fell further to 74.43 against the greenback, registering a decline of 14 paise from the last close. The local unit also touched an early high of 74.31 against the greenback in initial deals. The local unit on the last trading day of 2021 had settled at 74.29. The dollar index, which gauges the greenback's strength against a basket of six currencies, increased by 0.19 per cent to 96.85. On the domestic macroeconomic front, India's current account slipped into a deficit of USD 9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank said on Friday. The current account, which records the value of exports and imports of both goods and services along with international transfers of capital, was in a surplus mode both in the quarter-a

Rupee gains 12 paise to 74.30 against US dollar in early trade

The rupee appreciated by 12 paise to 74.30 against the US dollar in opening trade on Friday, tracking gains in domestic equity markets. At the interbank foreign exchange, the rupee opened strong at 74.35 against the American dollar, then inched higher to 74.30, registering a rise of 12 paise from the last close. In the previous session, the rupee surged 29 paise to close at a more than one-month high of 74.42 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent higher at 96.01. Meanwhile, on the domestic equity market front, the 30-share Sensex was trading 446.07 points or 0.77 per cent higher at 58,240.39, while the broader NSE Nifty advanced 143.40 points or 0.83 per cent to 17,347.35. Global oil benchmark Brent crude futures fell 0.39 per cent to USD 79.22 per barrel. Foreign institutional investors were net sellers in the capital market on Thursday, as they offloaded shares worth Rs 986.32