Rupee Vs Dollar

The rupee traded in a narrow range and depreciated 6 paise to 95.28 against the US dollar in early trade on Friday, tracking a firmer dollar and a rise in US treasury yields. Forex traders said dollar demand from importers and profit-taking after the rupee's recent appreciation appear to have outweighed the favourable global backdrop. At the interbank foreign exchange market, the rupee opened at 95.27, then touched 95.28 against the American currency, registering a fall of 6 paise from its previous close. On Thursday, the rupee depreciated 14 paise to close at 95.22 against the US dollar. "With oil back near USD 83, the dollar firm near 100, and US yields elevated, 95.00-95.10 stands out as a solid support for the rupee, and the currency climbing back towards the 96.00-96.20 zone looks like reality. Global developments, particularly around oil prices and the dollar, are likely to remain the key drivers for the rupee in the near term, keeping the overall bias tilted towards weakness

Cooling crude prices and over $40 billion in recent inflows have eased depreciation concerns, improving the Indian currency's attractiveness for carry trades

The rupee depreciated 9 paise to 95.17 against the US dollar in early trade on Thursday as the support from lower crude oil prices were offset by lingering geopolitical risks. At the interbank foreign exchange market, the rupee opened at 95.13, then touched 95.17 against the American currency, registering a fall of 9 paise from its previous close. On Wednesday, the rupee settled at 95.08 against the American currency. "For now the rupee finds itself caught between encouraging diplomatic headlines and lingering geopolitical risks.. Positive developments around Hormuz could help it revisit the 94.8095.00 zone," said CR Forex Advisors MD Amit Pabari. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 0.05 per cent higher at 99.72. Brent crude, the global oil benchmark, was trading 0.20 per cent lower at USD 79.29 per barrel in futures trade. On the domestic equity market front, Sensex climbed 201.43 points to 78,782.

Analysts expect the rupee to improve further and may move back towards 90 by the end of this year, supported by several reasons, including a drop in oil prices and FIIs showing positive signs.

Foreign investors turned ‌net buyers of Indian equities in July for the first time in 5 months, while the RBI's measures to attract foreign exchange, announced in June, have drawn more than $40 bn

The rupee gained 39 paise to 94.89 against the US dollar in early trade on Wednesday supported by falling crude oil prices following progress in US-Iran talks and a pause in planned strikes. Forex traders said investors are closely awaiting the upcoming RBI monetary policy decision for further cues. At the interbank foreign exchange market, the rupee opened at 94.90, then touched 94.89, registering a gain of 39 paise from its previous close. On Tuesday, the rupee closed at 95.28 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.80, down 0.06 per cent. Brent crude, the global oil benchmark, was trading lower by 1.11 per cent at USD 78.48 per barrel in futures trade. On the domestic equity market front, the Sensex climbed 375.01 points to 78,803.96 in early trade, while the Nifty was up 62.7 points to 24,677.60. Foreign institutional investors purchased equities worth Rs 2,446.47

The rupee opened on a flat note and gained 3 paise to 95.34 against the US dollar in early trade on Tuesday, as support from the broad-based weakness in the US Dollar Index amid improving global risk sentiment was negated by dollar demand from importers. Forex traders said lower oil prices and a softer US dollar outweighed importer demand for dollars, with market participants now turning their attention to the upcoming RBI MPC decision and key US economic data later this week for further direction. At the interbank foreign exchange market the rupee opened at 95.35, then touched 95.34, registering a gain of 3 paise from its previous close. On Monday, the rupee closed at 95.47 against the American currency. The rupee opened on a flat note and may remain in the range of 95 to 95.50 as oil and dollar index also remain very stable while the market awaits for the RBI Monetary policy decision on Wednesday, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury .

The rupee surged 31 paise to 95.12 against the US dollar in early trade on Monday over a steep fall in global crude oil prices and a softer greenback after US President Donald Trump decided to hold off strikes against Iran. FII inflows, a rise in the country's forex reserves, and Reserve Bank of India (RBI) support further strengthened the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 95.15 against the greenback before rising further to 95.12, up 31 paise from its previous close. The rupee stayed in positive territory for the fifth consecutive day on Friday, gaining 7 paise to settle at 95.43 against the US dollar. US President Donald Trump on Sunday said he decided to hold off on ordering American forces to carry out new strikes against Iran at the urging of Gulf allies Qatar, Saudi Arabia, and the United Arab Emirates. The president added that a plan was in place for the US forces to carry out "the biggest attack since World War I

The rupee maintained its upward trajectory, rising 20 paise to 95.30 against the US dollar in early trade on Friday, tracking foreign capital inflows and a decline in global crude oil prices. However, a stronger greenback capped sharper gains in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 95.40 before rising further to 95.30, up 20 paise from its previous close. Rising for the fifth straight session, the rupee surged 26 paise to close at 95.50 against the US dollar on Thursday. "The rupee is likely to continue to move back & forth in today's session, gain some strength against US dollar due to modest pullback in oil prices, while expectations of continued intervention from the Reserve Bank of India (RBI) keeps it supported," Aamir Makda, Commodity & Currency Analyst, Technical Research, Choice Broking. Meanwhile, the US and Iran each fired barrages of missiles on Thursday, as the pattern of back-and-forth strikes took hold again .

The rupee strengthened by 13 paise to 95.63 against the US dollar in early trade on Thursday, supported by positive momentum in domestic equity markets and inflows of foreign capital. However, the Indian currency's gain was capped by a strong dollar index after the US Federal Reserve kept interest rates unchanged, forex traders said. At the interbank foreign exchange, the rupee opened at 95.59 and lost some ground to 95.63 against the greenback, registering a gain of 13 paise from its previous close. The rupee gained 6 paise to settle at 95.76 against the US dollar on Wednesday. The currency settled 17 paise higher at 95.82 against the US dollar on Tuesday, after gaining 74 paise in the previous two back-to-back sessions. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading up 0.06 per cent at 101.79. Brent crude futures, the global oil benchmark, were trading 1.26 per cent lower at USD 89.60 per barrel. According to .

Domestic currency settles at 95.65 per dollar as RBI intervention, equity gains and short-covering offset pressure from higher crude oil prices

The rupee appreciated by 5 paise to 95.77 against the US dollar in early trade on Wednesday, staying firm for the fourth consecutive day amid a weak American currency and lower crude oil prices. The local currency also found support from positive domestic equity market sentiment after foreign institutional investors turned to buying Indian stocks, according to forex traders. At the interbank foreign exchange, the rupee opened at 95.70 and slipped to 95.77 against the greenback, registering a gain of 5 paise from its previous close. The Indian currency settled 17 paise higher at 95.82 against the US dollar on Tuesday, after gaining 74 paise in the previous two back-to-back sessions. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.12 per cent at 101.14, ahead of the Federal Reserve monetary policy announcements. Brent crude futures, the global oil benchmark, were trading 4.27 per cent higher but remained lower

The rupee stayed on upward track for the third straight session and ended 11 paise higher at 95.88 (provisional) against the US dollar on Tuesday, supported by lower crude oil prices amid signals of easing West Asia crisis. According to forex traders, the sustained outflow of foreign capital amid selling pressure in domestic equity markets, as well as an elevated dollar index ahead of the US Federal Reserve's policy decision, capped gains for the local currency. At the interbank foreign exchange, the rupee opened at 95.75 and touched the intraday high of 95.63 before ending the session at 95.88 (provisional) against the greenback, up 11 paise from its previous closing level. On Monday, the rupee appreciated sharply by 54 paise to close at 95.99 against the US dollar, after rising 20 paise in the preceding session on Friday. Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said the rupee strengthened on the halting of strikes between the US and Iran. "Traders may take cues

The rupee extended its upward momentum, rising 35 paise to 95.64 against the US dollar in early trade on Tuesday, driven by lower crude oil prices amid easing geopolitical tensions. Forex traders said a weak US dollar index and positive equity market sentiment further boosted the Indian currency. At the interbank foreign exchange, the rupee opened at 95.75 and gained further to trade at 95.64 against the greenback, up 35 paise from its previous closing level. The rupee appreciated sharply by 54 paise to close at 95.99 against the US dollar on Monday, after rising 20 paise in the preceding session on Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.06 per cent at 101.31. Brent crude, the global oil benchmark, was trading 1.43 per cent lower at USD 87.10 per barrel in futures trade. Analysts said oil prices eased as the US and Iran refrained from attacking each other's targets for the third consecutive

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The Reserve Bank of India's intervention on Monday was fairly large, with the central bank beginning to sell dollars when the rupee traded near 96.15 per dollar

The rupee gained 28 paise to 96.25 against the US dollar in early trade on Monday, taking cues from a sharp fall in crude oil prices and positive global sentiment after the US and Iran signalled an easing of tensions in West Asia. The American currency index also retreated from an elevated level, while domestic equities witnessed a strong buying trend, supporting the local currency further, forex traders said. At the interbank foreign exchange, the rupee opened at 96.18 but lost some ground to trade at 96.28 against the greenback, logging a gain of 28 paise from its previous closing level. On Friday, the rupee recovered from a low level and settled 20 paise higher at 96.53 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.26 per cent at 101.04. Brent crude, the global oil benchmark, was trading 4.17 per cent lower at USD 92.74 per barrel in futures trade. Analysts attributed the recover

The rupee rose 22 paise to 96.51 against the US dollar in early trade on Friday on likely RBI intervention to stem its further slide after global crude oil prices crossed the USD 100-mark owing to heightened tensions in West Asia. A softer greenback provided mild support to the local unit while FII outflows, coupled with sustained slide in the domestic equity markets, maintained pressure, forex traders said. At the interbank foreign exchange, the rupee opened weaker at 96.81 before rising to 96.51, up 22 paise from its previous close. The rupee ended 20 paise weaker at 96.73 against the US dollar on Thursday. The US military announced 13th night of strikes on Thursday against Iran as clashes escalate over shipping routes. The attacks came after Yemen's Houthi said they attacked two Saudi oil tankers in the Red Sea, potentially widening the Iran war as international oil topped USD 100 a barrel. "The key factors for the weak opening of the rupee were -- Brent crude oil remained ...

The rupee rose 5 paise to 96.48 against the US dollar in early trade on Thursday on possible intervention by the Reserve Bank even as heightened tensions in West Asia maintained pressure on global crude oil prices. FII outflows and sustained negative sentiments in the domestic equity markets added pressure on the local unit, while a weaker greenback provided some respite, forex traders said. At the interbank foreign exchange, the rupee opened at 96.53 before inching up to 96.48, up 5 paise from its previous close. The rupee depreciated by 28 paise to close at 96.53 against the US dollar on Wednesday. "State-owned banks were seen selling dollars -- widely viewed as intervention on behalf of the RBI -- around the 96.50 level, preventing a steeper depreciation but the closure remained lower for the rupee on Wednesday. Rupee remains near its all-time closing low and if oil prices keep rising we may see it crossing this level, too," Anil Kumar Bhansali, Head of Treasury and Executive ..

The rupee depreciated 11 paise to 96.36 against the US dollar in early trade on Wednesday as crude oil prices climbed on renewed geopolitical tensions, and demand for the US dollar increased as investors moved toward safe-haven assets. Forex traders said concerns over the security of oil shipments through the Red Sea and Strait of Hormuz continue to support crude oil prices. Moreover, Houthi threats against shipping and ongoing US-Iran hostilities have kept a geopolitical risk premium in the market, they said. At the interbank foreign exchange market the rupee opened at 96.36, registering a fall of 11 paise from its previous close. On Tuesday, the rupee had settled at 96.25 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.15 down 0.01 per cent, as the latest escalation in the US-Iran conflict has increased demand for the US dollar as a safe-haven currency. Brent crude, the glob