Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.
The rouble was down around 4% on the day, trading at 97.036 per dollar, a day after it collapsed to a record low of 120 per dollar
The rouble started the week in dramatic circumstance, plunging as much as 30% to a record 120 per dollar after Western countries and their allies slapped Russia with new sanctions
The Russian currency ruble tanked about 30 per cent against the US dollar on Monday after Western nations imposed stricter sanctions on Russia
The Russian currency dropped nearly 26% to 105.27 per dollar, down from about 84 per dollar late Friday
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.78 per cent higher at 97.37.
The rupee appreciated by 27 paise to close at 75.33 against the US dollar on Friday in line with regional currencies, following a retreat in crude oil prices and a rebound in domestic equities. At the interbank forex market, the local unit opened at 75.31 against the greenback and witnessed an intra-day high of 75.18 and a low of 75.46. The rupee finally ended at 75.33, registering a gain of 27 paise over its previous close. On Thursday, the rupee had tanked 99 paise to close at 75.60 against the US dollar, as riskier assets took a hit after Russia launched military operations against Ukraine. Meanwhile, European Union leaders are putting up a united front and have agreed on a second package of economic and financial sanctions against Russia. The dollar index, which measures the greenback's strength against a basket of six currencies, inched up 0.01 per cent to 97.14. Brent crude futures, the global oil benchmark, was trading 1.07 per cent higher at USD 100.14 per barrel. "Calmn
The euro was last at $1.1175, edging 0.15% lower against the dollar, having touched its lowest $1.1106 since May 2020 on Thursday
The euro was last at $1.1218, up 0.24%, having plunged to as low as $1.1106 on Thursday, its lowest since May 2020
Forex traders said markets will continue to remain volatile, and investors continued to keep a watch on the latest developments in eastern Europe.
The euro fell as much as 1.2% to $1.1164, the lowest level since Jan. 31
The Russian rouble weakened 2.70% versus the greenback at 81.13 after reaching 81.392 per dollar, giving back gains made on Tuesday.
At the interbank forex market, the local unit opened at 74.64 against the greenback and witnessed an intra-day high of 74.54 and a low of 74.73
The euro was up 0.1% against the dollar at $1.1340 after hitting its lowest on Tuesday since Feb. 14 at $1.1286
The Kremlin said it remained open to diplomacy with the United States and other countries as it faced actions from a slew of countries.
The U.S. dollar, edged 0.2% lower at 95.938 against a basket of currencies including the euro, as investors await further developments in the crisis
The rupee depreciated by 31 paise to 74.86 (provisional) against the US currency on Tuesday as riskier assets took a hit amid deepening geopolitical tensions
Russian President Vladimir Putin ordered troops to two breakaway regions in Ukraine, sending the euro one-month volatility to its highest level since November 2020
Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.
Euro, which was up 0.6% at one stage during early London trading, slowly abandoned those gains and was up a meagre 0.1% at $1.1336