Page 27 - Rupee

Rupee falls 14 paise to 75.16 against USD on new Covid variant worries

The rupee on Friday slipped 14 paise to close at 75.16 (provisional) against the US dollar, tracking massive sell-offs in domestic equities amid growing worries over the new Covid variant.

Rupee slips 8 paise against dollar to 74.99 on Omicron variant worries

The rupee on Thursday slipped 8 paise to close at 74.99 (provisional) against the US dollar as investor concerns grew over the impact of the new coronavirus variant on the economy. At the interbank foreign exchange market, the local currency opened at 75.06 and witnessed an intra-day high of 74.90 and a low of 75.07 against the US dollar. The local unit finally settled at 74.99, down 8 paise over its previous close of 74.91. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent up at 96.03. Meanwhile, Brent crude futures, the global oil benchmark, advanced 2.99 per cent to USD 70.45 per barrel. On the domestic equity market front, the BSE Sensex ended 776.50 points or 1.35 per cent higher at 58,461.29, while the broader NSE Nifty jumped 234.75 points or 1.37 per cent to 17,401.65. Foreign institutional investors were net sellers in the capital market on Wednesday, as they offloaded shares worth Rs 2,765.84 crore, as

Yuan emerging as a strong benchmark for rupee, say currency dealers

While it hasn't been officially confirmed yet if RBI is intervening in currency market in tandem with the yuan, the market itself has been adjusting based on how China treats its currency

Rupee slips 16 paise to 74.55 against US dollar in early trade

The Indian rupee depreciated by 16 paise to 74.55 against the US dollar in opening trade Tuesday, as a muted trend in the domestic equity market and firm American dollar weighed on investor sentiment

Rupee surges 12 paise to 74.33 against US dollar in early trade

The rupee surged 12 paise to 74.33 against the US dollar in opening trade on Monday as a firm trend in domestic equities and easing crude oil prices boosted investor sentiments. At the interbank foreign exchange, the rupee opened strong at 74.38 against the dollar and gained further ground to 74.33 in early deals, a rise of 12 paise over its previous close. On Friday, the rupee had settled at 74.45 against the US dollar. According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, as the dollar index rises and oil prices fall, rupee is likely to move within a range of 74.20 to 74.60 for the day. "With three listings on Wednesday, outflow could be seen particularly that of Paytm... India CPI came a tad higher at 4.48 per cent while IIP came a bit lower at 3.1 per cent. Oil prices have fallen to 81.50 while dollar Index has risen to 95.10," Bhansali said, adding that exporters can take a call to sell at 74.55 while importers may buy near to 74.20. Meanwhile, the dol

Pakistan's rupee falls to record low after delay in IMF deal

The rupee weakened 0.9 per cent to close at 175.73 a dollar Friday, according to State Bank of Pakistan data

Rupee gains 7 paise to close at 74.45 against US dollar

The rupee strengthened by 7 paise to close at 74.45 (provisional) against the US dollar on Friday, as a firm trend in domestic equities boosted investor sentiments.

Rupee falls 20 paise to 74.54 against the US dollar in early trade

The Indian rupee depreciated by 20 paise to 74.54 against the US dollar in opening trade on Thursday, weighed down by a lacklustre trend in the domestic equity market and firm American dollar

Rupee spurts 43 paise to one-month high on fund inflows, dovish Fed outlook

Rupee traded strong as the Fed statement of not being so keen to increase rates early has put pressure on the dollar index, says an analyst

Rupee, bond may stay calm as Fed's $15-bn taper on expected lines

The US Federal Reserve said it would start its tapering later this month

Rupee appreciates 22 paise to close at 74.46 against the US dollar

A weak American currency in the overseas market also helped the local unit, forex dealers said

Rupee to see volatility, but no huge slide if Fed tapers in Nov: Experts

Unlike 2013, this time the taper has been communicated well in advance and RBI is ready for any challenge due to huge build-up of forex reserves and a comfortable current account position

Rupee likely to get breather from foreign inflows, say experts

The rupee has come under pressure as surging commodity prices rekindled worries about inflation and the financial health of the net oil-importing nation

Rupee gains 12 paise to 75.25 against US dollar in early trade

The Indian rupee appreciated 12 paise to 75.25 against the US dollar in opening trade on Thursday, buoyed by heavy buying in domestic equities and fresh foreign fund inflows.

Rupee's long-term trend is to appreciate, say experts

The rupee's movement has been particularly strong in the past few sessions

Rupee at 74.98 against USD, bond mkt shrugs off Moody's outlook upgrade

The 10-year bond yield closed at 6.28 per cent, its highest level since April 17, 2020

Rupee plummets 54 paise to close at 74.98 against US dollar

At the interbank foreign exchange market, the local currency opened at 74.63 and witnessed an intra-day high of 74.54 and a low of 74.99 against the US dollar in day trade.

Rupee slumps 21 paise to 74.65 against US dollar in early trade

The Indian rupee depreciated 21 paise to 74.65 against the US dollar in opening trade on Wednesday

Rupee slumps 12 paise to 74.35 against US dollar in early trade

The Indian rupee declined 12 paise to 74.35 against the US dollar in opening trade on Friday, tracking strength of the American currency in the overseas market and a muted trend in domestic equities

Rupee falls 22 paise to 74.36 against US dollar in early trade

The Indian rupee depreciated 22 paise to 74.36 against the US dollar in opening trade on Thursday, amid a muted trend in domestic equities