Page 28 - Rupee

Indian rupee gains on dollars inflows; traders await auction outcome

The Fed said it will likely begin reducing its monthly bond purchases as soon as November and signalled interest rate hikes may follow more quickly than expected

Rupee slumps 26 paise to close at 73.87 against US dollar

Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 1,041.92 crore, as per exchange data.

Evergrande situation can lead to rupee coming under pressure: Report

If the worst-case scenario of the Chinese government taking a hands-off approach in the case playing out, the rupee can see volatilities and can depreciate to 75 against the dollar, the report added.

Rupee surges 15 paise to 73.59 against US dollar in early trade

The Indian rupee appreciated 15 paise to 73.59 against the US dollar in opening trade on Tuesday, tracking the weakness of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 73.74 against the dollar, then edged higher to 73.59, up 15 paise over its previous close. On Monday, the rupee had settled at 73.74 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.09 per cent to 93.19. Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 92.54 crore, as per exchange data. On the domestic equity market front, BSE Sensex was trading 73.95 points or 0.13 per cent lower at 58,416.98, while the broader NSE Nifty declined 1.30 points or 0.01 per cent to 17,395.60. Meanwhile, global oil benchmark Brent crude futures rose 0.88 per cent to USD 74.57 per barrel. According to Anil Kumar Bhansali, Head of Trea

Rupee falls sharply after Yellen renews call for raising US debt ceiling

The rupee opened at 73.8250 a dollar, down from its previous close of 73.48. At 10.50 AM, the rupee was at 73.6750, brought down by nationalised banks selling dollars

Amid sustained inflows, rupee settles 18 paise higher against US dollar

The rupee closed 18 paise higher at 73.50 (provisional) against the US dollar on Wednesday, tracking a firm trend in domestic equities and sustained foreign fund inflows.

Rupee rises 7 paise to 73.61 against US dollar in early trade

The Indian rupee appreciated 7 paise to 73.61 against the US dollar in opening trade on Tuesday, tracking a positive trend in domestic equities and sustained foreign fund inflows

Afghan businessmen oppose use of Pakistani rupee in bilateral trade

A number of people have reacted to a report in a Pakistani newspaper that said business deals in Afghanistan should be based on Pakistani rupees, Pajhwok Afghan News reported.

Dealers foresee intraday volatility in rupee due to taper tantrum

Rupee had risen rapidly last week of August, closing at 73 a dollar level on August 31, from 74.2 level on August 26 after Fed Chair Powell indicated he was in no hurry to raise rates

Rupee plunges 18 paise to close at 73.60 against US dollar

The Indian rupee fell 18 paise to close at 73.60 (provisional) against the US dollar on Wednesday, tracking a strong American currency in the overseas market and muted trend in domestic equities.

Rupee plunges 32 paise to close at 73.42 against US dollar

The rupee plunged by 32 paise to close at 73.42 (provisional) against the US dollar on Tuesday, tracking a strong American currency in the overseas market and muted trend in domestic equities

Rupee inches 3 paise higher to 73.03 against US dollar in early trade

The Indian rupee inched higher by 2 paise to 73.03 against the US dollar in opening trade on Friday, despite a sustained rally in domestic equities. Forex traders said the local unit is trading in a narrow range as strengthening crude oil prices and dollar demand is offsetting the impact of upbeat domestic equities. At the interbank foreign exchange, the rupee opened at 73.05 against the dollar, then surged higher to 73.03, up 3 paise over its previous close. On Thursday, the rupee had settled at 73.06 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.01 per cent at 92.21. Foreign institutional investors were net buyers in the capital market on Thursday as they purchased shares worth Rs 348.52 crore, as per exchange data. On the domestic equity market front, BSE Sensex was trading 251.67 points or 0.44 per cent higher at 58,104.21, while the broader NSE Nifty advanced 70.65 points or 0.41 per c

Rupee appreciates 6 paise to 73.02 against US dollar in early trade

The Indian rupee appreciated 6 paise to 73.02 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities and sustained foreign fund inflows

Rupee rises 29 paise to close at 73.00 against US dollar

The rupee strengthened further by 29 paise to close at 73.00 against US dollar on Tuesday, marking fourth straight session of gain following a firm trend in domestic equities and foreign fund inflows.

Rupee inches 4 paise higher to 73.25 against US dollar in early trade

The Indian rupee appreciated 4 paise to 73.25 against the US dollar in opening trade on Tuesday, tracking a positive trend in domestic equities

Rupee continues to rise on Fed Chair Powell's take on taper

Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies

Rupee surges 31 paise to 73.38 against the US dollar in early trade

The Indian rupee appreciated 31 paise to 73.38 against the US dollar in opening trade on Monday, tracking a positive trend in domestic equities.

Rupee appreciates sharply ahead of Fed Chair speech as RBI steps aside

Closes Friday at 73.6950 to the dollar against its previous close of 74.2225, up 0.73 per cent, the highest since June 17

Rupee surges 13 paise to 74.11 against US dollar in early trade

The Indian rupee appreciated 13 paise to 74.11 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities. At the interbank foreign exchange, the rupee opened at 74.22 against the dollar, then surged higher to 74.11, up 13 paise over its previous close. On Wednesday, the rupee had settled at 74.24 against the US dollar. Global oil benchmark Brent crude futures fell 0.48 per cent to USD 71.90 per barrel. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.06 per cent at 92.87. On the domestic equity market front, BSE Sensex was trading 116.17 points or 0.21 per cent higher at 56,060.38, while the broader NSE Nifty advanced 38.50 points or 0.23 per cent to 16,673.15. Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 1,071.83 crore, as per exchange data. Traders said investors are awaiting cues on the scaling back of

Rupee gains for 3rd straight session, settles at 74.19 against US Dollar

The rupee strengthened against the US currency for the third straight session on Wednesday, closing 9 paise higher at 74.19 (provisional) amid a rally in domestic equities. At the interbank forex market, the rupee opened at 74.16 and hit an intra-day high of 74.08 and a low of 74.24. It finally closed at 74.19, higher by 9 paise over its last close. On Tuesday, the rupee had settled at 74.28 against the US dollar. "It's another fairly slow day in terms of price action, rupee stayed right through the day and heads for the third consecutive daily gains. The reason behind the recent gain is the rally in domestic equities and inflows from series of IPOs this week," said Dilip Parmar, Research Analyst, HDFC Securities. Parmar further noted that all eyes will be on Friday's RBI's stance on liquidity management and outlook for coming quarters. "Technically, spot USDINR is expected to trade with negative bias and one should see levels of 74.10 and 73.90 in the coming days while any level