Page 4 - Rupee

Rupee surges as foreign banks make dollar sales, likely for FPI flow

Weaker dollar index, unwinding of offshore/onshore trades boost Indian currency

Rupee snaps 3-day declining streak, rises 28 paise to 81.41 against dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.45 per cent to 101.93

Indian diamond traders hit by rupee risks amid Russian supply woes

"The Russians are not comfortable with the rupee invoicing as far as the gems and jewelry sector is concerned," said Gem & Jewellery Export Promotion Council

Rupee likely to fall on weak Asia foreign exchange, waning momentum

The rupee on Monday had opened higher, but reversed course on heavy dollar-buying by public sector banks to suffer its worst session against the dollar in a month

Rupee weakens amid thin volumes on FII outflow, greenback rebound

Trade volumes were thin as US markets were closed for Martin Luther King Day

India hopeful rupee trade with Russia will pick up in future: Govt official

Russia, Sri Lanka, Mauritius and Bangladesh are some of the countries that are keen on rupee trade with India

Axis Bank tops Re-bond league table for 16th consecutive year in 2022

Total issuances in the year rose to Rs 4,83,770 crore, from Rs 4,17,055 crore in 2021

Rupee pares initial gains, falls 21 paise to close at 81.59 against dollar

The domestic currency finally settled at 81.59, down 21 paise over its previous close

Rupee outlook positive, central bank eyed; bond yields likely to rise

Government bond yields are expected to tick up as investors shift focus to the upcoming budget

India may be in better economic shape to create a rupee trade zone

But the China factor could play spoiler

Rupee closes at 81.57 against dollar amid muted trend in domestic equities

On Wednesday, the rupee settled at 81.68 against the US dollar

Rupee closes at 81.78 against dollar; biggest single-day gain since Nov

The rupee gained 57 paise to close at 81.78 (provisional) against the US dollar on Tuesday, the biggest single-day gain since November. Forex traders said the rupee was the best performer among Asian currencies and now has the support of 81.70. At the interbank foreign exchange market, the local unit opened at 82.20 and touched an intra-day high of 81.72 and a low of 82.26 against the greenback. It finally ended at 81.78 (provisional), registering a rise of 57 paise over its previous close. On Monday, the rupee settled at 82.35 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.12 per cent to 103.12. The rupee became the best performer among the Asian currencies following stop order triggers and inflows from bond selling, said Dilip Parmar, Research Analyst, HDFC Securities. "The local unit witnessed the biggest single-day gains after November 11 and broke the psychological level of 82 as the traders rush

Rupee up 18 paise to 82.17 against dollar in early trade as oil prices ease

The rupee rose 18 paise to 82.17 against the US dollar in early trade on Tuesday on easing crude oil prices. Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.20 against the dollar, then gained ground to touch 82.17, registering a rise of 18 paise over its previous close. On Monday, the rupee settled at 82.35 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.21 per cent to 103.21. Brent crude futures, the global oil benchmark, fell 0.49 per cent to USD 79.26 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 353.74 points or 0.58 per cent lower at 60,393.57 points. The broader NSE Nifty fell 82.55 points or 0.46 per cent to 18,018.65 points. Foreign Institutional Investors (FIIs) were net sellers in

Rupee at 1-month high; US data spurs bets of slower Fed rate hikes

RBI moves push up forward premia; reduce hurdles for currency

Rupee closes at 82.37 against dollar amid firm trend in domestic equities

The rupee gained 29 paise to close at 82.37 (provisional) against the US dollar on Monday, supported by a weaker greenback overseas and a firm trend in domestic equities. At the interbank foreign exchange market, the local unit opened at 82.41 and touched an intra-day high of 82.25 and a low of 82.44 against the greenback. It finally ended at 82.37 (provisional), registering a rise of 29 paise over its previous close. On Friday, the rupee settled at 82.66 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.24 per cent to 103.62. According to Dilip Parmar, Research Analyst, HDFC Securities, the rupee strengthened in line with Asian currencies and touched a month high. "In the last couple of days, the rupee has underperformed among its regional peers amid a headwind of wide current account deficit and foreign fund outflows. But now, looking at the recent high-frequency data and rebound in the risk assets, we cou

Rupee closes at 82.71 against dollar amid muted trend in domestic equities

The rupee pared initial gains and settled 9 paise lower at 82.71 (provisional) against the US dollar on Friday, tracking a rebound in the greenback overseas and a muted trend in domestic equities. Forex traders said risk aversion in international markets and sustained foreign fund outflows weighed on investor sentiments, even as weak crude oil prices cushioned the downside. At the interbank foreign exchange market, the rupee opened on a positive note at 82.52 against the greenback, but pared the gains and fell to an intra-day low of 82.75. The domestic currency finally settled at 82.71, down 9 paise over its previous close of 82.62. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.37 per cent higher at 105.42. Global oil benchmark Brent crude futures rose 0.74 per cent to USD 79.27 per barrel. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated on Friday on rebound in US

Rupee gains on corporate investments, cheaper global oil prices

Currency could be poised to gain after recent sharp underperformance, say analysts

Rupee gains 32 paise, closes at 82.50 against dollar on weaker greenback

The rupee gained 32 paise to close at 82.50 (provisional) against the US dollar on Thursday, supported by a weaker greenback overseas. Forex traders said factors like strong Asian peers and crude oil prices trading below USD 80 per barrel also helped the currency. However, sustained foreign fund outflows and a weak trend in domestic equities dented investor sentiments. At the interbank foreign exchange market, the local unit opened at 82.75 and touched an intra-day high of 82.50 and a low of 82.80 against the greenback. It finally ended at 82.50 (provisional), registering a rise of 32 paise over its previous close. On Wednesday, the rupee recovered from its all-time low level and settled at 82.82 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.06 per cent to 104.18. "The Indian rupee gained for a second day in trot supported by a weaker greenback and stronger regional peers. However, the gain was curtaile

Rupee gains 9 paise to 82.73 against US dollar as crude prices ease

The rupee appreciated 9 paise to 82.73 against the US dollar in early trade on Thursday, supported by easing crude oil prices and a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.75 against the dollar, then gained ground to touch 82.73, registering a rise of 9 paise over its previous close. On Wednesday, the rupee recovered from its all-time low level and settled at 82.82 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 104.21. Brent crude futures, the global oil benchmark, rose 0.99 per cent to USD 78.61 per barrel. Despite the greenback's weakness elsewhere, the rupee did not strengthen on dollar persistent bids throughout the session. The local unit has been extremely range bound of late, IFA Global Research Acade

Rupee recovers from all-time low level, gains 18 paise against dollar

The rupee recovered from its all-time low level and settled 18 paise higher at 82.82 (provisional) against the US dollar on Wednesday, supported by easing crude oil prices. Forex traders said the weakness of the greenback in the overseas market, strong Asian peers and suspected intervention by the Reserve Bank of India (RBI) also helped the currency. However, sustained foreign fund outflows and a weak trend in domestic equities restricted the appreciation bias to some extent. At the interbank foreign exchange market, the local unit opened at 82.87 and touched an intra-day high of 82.74 and a low of 82.91 against the greenback. It finally settled at 82.82, registering a rise of 18 paise over its previous close. On Tuesday, the rupee had slumped 22 paise to close at its all-time low of 83 against the dollar. "The Indian rupee snapped a two-day fall as the dollar index wiped out most gains of Tuesday and crude oil declined more than 2 per cent to USD 80 a barrel. The stronger Asian