Page 29 - Rupee

Rupee gains 6 paise to close at 74.28 against US dollar

The rupee rose by 6 paise to close at 74.28 (provisional) against the US dollar on Tuesday amid a firm trend in domestic equities and a weak American currency.

India rupee at over 3-week high on Fed's dovish stance, gains in equities

The dollar also slipped to multi-week lows in Asian trading on Thursday

Rupee slips 4 paise to 74.44 against US dollar in early trade

The Indian rupee depreciated 4 paise to 74.44 against the US dollar in opening trade on Monday, as investors are awaiting cues from the US Fed's policy decision, due this week. At the interbank foreign exchange, the rupee opened at 74.43 against the dollar, then fell further to 74.44, registering a fall of 4 paise over its previous close. On Friday, the rupee had settled at 74.40 against the US dollar. "As markets brace up for the FED meeting on July 28, all currencies are consolidating in their respective small ranges," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. USD/INR is expected to keep a range of 74.30 to 74.70 for the day, Bhansali said, adding that "importers to buy cash near the lower end of the range while exporters to sell at the higher end". Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.05 per cent at 92.86. "Investors will be closely eyed to assess the timing of the

Rupee gains for second straight session, settles at 74.46 against dollar

The rupee strengthened against the US currency for the second straight session on Thursday, closing 15 paise higher at 74.46 (provisional) amid a rally in the domestic stocks.

RBI should ease regulations for shipment credit

Many exporters do not find it practical to send the export documents through the banks because of the extra costs and delays involved

Export demand firm for BIL, depreciating rupee to add to revenue growth

While growth momentum has been strong, what has helped the company perform better than peers in the June quarter is its reliance on overseas markets

Rupee's wild ride may end as foreign inflows surge: Credit Agricole CIB

Higher foreign inflows and the prospect of the RBI moving to control inflation may help control the rupee's volatility

Rupee snaps 3-day winning streak, drops 10 paise to 74.59 against dollar

Halting its three-day winning run, the rupee on Wednesday declined by 10 paise to close at 74.59 (provisional) against the US dollar. At the interbank foreign exchange market, the domestic currency opened at 74.57 against the American currency, and slipped further to close at 74.59, registering a decline of 10 paise over its previous close. On Tuesday, the rupee had closed at 74.49 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05 per cent to 92.70. "The market focus is on how Jerome Powell will react to the surging US CPI data and how long can Federal Reserve policy stay ultra-loose. Powell's dovish tone at tonight's semi-annual testimony, will be negative for USDINR spot but if he talks about tapering the bond purchases then we may see the spot to trade towards 75 zone," said Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. As long as the spot trades above 74.40, the tre

Rupee depreciates 12 paise to 74.61 against US dollar in early trade

The Indian rupee depreciated 12 paise to 74.61 against the US dollar in opening trade on Wednesday as firm American currency and weak domestic equities weighed on investor sentiment

We see rupee devaluing as exports become priority: JM Financial's Manglunia

Manglunia tells Puneet Wadhwa that based on risk appetite, there is a lot of value in select names in 'AA' category and below, which offer excellent carry even in the face of threat of rising rates

Rupee gains for 2nd straight day; settles 9 paise higher at 74.18/USD

At the interbank forex market, the rupee opened at 74.20, and hit an intra-day high of 74.16 and a low of 74.25.

Rupee surges 12 paise to Rs 74.25 against US dollar in early trade

The Indian rupee strengthened by 12 paise to 74.25 against the US dollar in early trade on Wednesday even as the domestic equity market was trading with significant losses

Rupee falls 10 paise to Rs 74.20 against US dollar in early trade

The Indian rupee slumped 10 paise to 74.20 against the US dollar in opening trade on Tuesday as rising crude oil prices weighed on investor sentiment

Rupee falls 24 paise to close at 74.1 against USD on risk averse sentiment

The Indian rupee slumped 24 paise to breach the 74 per US dollar level on Monday as participants turned risk-averse

Rupee snaps 8-day losing streak; settles 22 paise up at 73.86/USD

The domestic currency had lost 128 paise in the last eight trading sessions till Thursday.

India rupee at six-week low; bond yields rise after hawkish Fed signal

Traders said the surge in the dollar index to two-month highs following the Fed's comments on possible rate increases and a significantly higher inflation projection weighed on sentiment

Rupee depreciates 33 paise to 73.65 against US dollar in early trade

The Indian rupee slipped 33 paise to 73.65 against the US dollar in early trade on Thursday, amid the strengthening of the greenback in the overseas market

Rupee falls for 5th straight session, settles 22 paise down at 73.29/USD

The domestic unit has lost 49 paise in the last five trading sessions.

Rupee slips 1 paisa to close at 73.07 against US dollar as oil rises

The domestic currency has lost 27 paise in the last four trading sessions.

Rupee falls for second day, settles 8 paise down at 72.97 against US dollar

This comes amid a lacklustre trend in domestic equities.