Page 26 - Rupee

IPO flows to strengthen rupee in 2022; tighter policy likely dampener

IPO bound foreign inflows as well as buoyant stock markets are likely to strengthen the Indian rupee in 2022.

Rupee gains 12 paise to 74.88 against the US dollar in opening trade

The rupee appreciated 12 paise to 74.88 against the US dollar in opening trade on Tuesday, tracking gains in domestic equity markets. At the interbank foreign exchange, the rupee opened strong at 74.95 against the American dollar, then inched higher to 74.88, registering a rise of 12 paise from the last close. The rupee on Monday appreciated 3 paise to nearly four-week high of 75 against the US dollar. Positive moves in Indian equity indices and stronger Asian currencies aided sentiments, forex traders said, adding that trading is likely to remain range-bound this week ahead of the year-end holidays. Moreover, Omicron worries and firm crude oil prices contained the appreciation bias in the local unit, they added. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 96.09. Meanwhile, on the domestic equity market front, the 30-share Sensex was trading 369.58 points or 0.64 per cent higher at 57,789.82, while the broad

Rupee declines by 13 paise to 75.16 against US dollar in early trade

The rupee declined by 13 paise to 75.16 against the US dollar in opening trade on Monday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit. Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit. At the interbank foreign exchange, the rupee opened weak at 75.15, then slipped further to 75.16 against the US dollar in early deals, registering a decline of 13 paise from the last close. The local unit also touched an early high of 75.02 against the greenback in initial deals. The rupee on Friday rose by 23 paise to a three-week high of 75.03 against the US dollar. On the domestic equity market front, the 30-share Sensex was trading 131.6 points or 0.23 per cent lower at 56,992.71, while the broader NSE Nifty declined 45.50 points or 0.27 per cent to 16,958.25. Forex traders said trading is likely to remain range-bound this week ah

Rupee gains 14 paise to 75.12 against US dollar in early trade

The rupee appreciated 14 paise to 75.12 against the US dollar in opening trade on Friday, as risk appetite improved amid easing fears of fallout from the Omicron coronavirus variant. At the interbank foreign exchange, the rupee opened strong at 75.12 against the American dollar, registering a rise of 14 paise from the last close. On Thursday, the rupee climbed 28 paise to close at 75.26 against the US dollar. According to a new analysis by the UK Health Security Agency (UKHSA) released on Thursday, Omicron is less severe than the Delta variant. The findings coincide with two other studies based on real-world COVID-19 UK data, which also report that the Omicron variant is less severe than the Delta variant, with fewer infected people requiring hospitalisation. Forex traders said ahead of the holidays and extended long weekend in the United States, most major currency pairs are trading in narrow ranges. The dollar index, which gauges the greenback's strength against a basket of six

Rupee gains 17 paise to 75.73 against US dollar in opening session

The rupee appreciated 17 paise to 75.73 against the US dollar in the opening session on Tuesday, tracking heavy buying in domestic equities

As global funds shun India, rupee turns into worst currency in Asia

The currency declined 2.2% this quarter as global funds pulled $4 billion of capital out of the country's stock market, the most among regional markets where data is available.

Rupee firms up 16 paise to 75.90 against USD on easing crude prices

The rupee notched up gains for a third straight session on Monday, rising further by 16 paise to settle at 75.90 (provisional) against the US dollar

Top headlines: US Fed signals rate hikes, IMF speaks on crypto ban idea

Cryptocurrencies were proving to be a challenge for emerging markets and strong regulation was needed, IMF's Gita Gopinath said. More in today's top headlines

In tandem: Steady depreciation in rupee spells trouble for stock prices

Analysts say a currency depreciation creates an inflationary overhang in the economy, depressing equity valuation

Rupee plunges 40 paise to 20-month low against dollar on low risk appetite

The rupee had closed near this level on April 24, 2020, previously

International funds can provide protection against rupee depreciation

When remitting money abroad, go with the player that offers the most attractive exchange rate

Rupee slumps 22 paise, slips below 76/$ level in early trade

The rupee declined 22 paise and slipped below the 76 per US dollar level in opening trade on Wednesday as persistent foreign fund outflows and Omicron worries kept the pressure on the local unit

Indian Rupee declines by 10 paise to 75.88 against US dollar

In the previous session, the rupee had settled at 75.78 against the greenback

Rupee falls 17 paise to 75.95 against US dollar in early trade

The rupee declined by 17 paise to 75.95 against the US dollar in opening trade on Tuesday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit

Rupee gains 15 paise to 75.63 against US dollar in early trade

The rupee appreciated 15 paise to 75.63 against the US dollar in opening trade on Monday, tracking a positive trend in domestic equities. However, surging crude prices in the international market and unabated foreign capital outflows capped the appreciation bias in the local unit, traders said. At the interbank foreign exchange, the rupee opened strong at 75.64 and inched up to quote 75.63 against the American dollar in early deals, registering a rise of 15 paise from the last close. On Friday, the rupee dropped by 18 paise to an over 16-month low of 75.78 against the US dollar. On the domestic equity market front, the 30-share Sensex was trading 206.46 points or 0.35 per cent higher at 58,993.13, while the broader NSE Nifty advanced 86.50 points or 0.49 per cent to 17,597.80. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.10 per cent to 96.18. Global oil benchmark Brent crude futures rose 1.30 per cent to USD 76.13 per ...

Top headlines: Experts see rupee holding strong, Realme overtakes Samsung

Mobile device maker Realme has overtaken South Korean giant Samsung to grab the second spot in the branded smartphone market. More on that in today's top headlines

No runaway decline in rupee's value, may recover by March: Experts

The rupee closed at 75.78 to a dollar on Friday, an 18-month low

Rupee closes at near 18 month-low, ends at 75.52 to the dollar

The rupee touched 76.92 a dollar in the intraday trade on April 22 last year.

Rupee recovered from lows to end nearly flat against US dollar

The rupee staged smart recovery from intra-day lows to close with a marginal 2 paise loss at 75.46 against the US dollar on Wednesday after the Reserve Bank left the key policy rate unchanged

Rupee falls to near two-month low ahead of monetary policy on Omicron fears

Indian unit could be under pressure in the coming days as trade deficit and Fed's increase of monthly taper plan could further upset the sentiment for the foreign portfolio investors