The rupee depreciated 14 paise to 81.81 against the US dollar in early trade on Wednesday, tracking a strong American currency and sustained foreign fund outflows
The rupee appreciated 14 paise to 81.65 against the US dollar in early trade as the American currency retreated from its elevated levels
Talk of persistent rate hikes by US Fed officials also drags rupee lower
At the interbank foreign exchange, the domestic unit opened at 81.84 against the dollar, then lost ground to quote at 81.86, registering a loss of 12 paise over its previous close.
Indian currency's recovery since US CPI leads to reversal of onshore-offshore arbitrage
Revaluation amid weaker dollar, spot market purchases lift reserves to $544.72 billion
For the current week, the local currency gave back some of those gains to end down 1.1% at 81.6850 per dollar
The RBI said it bought $23.27 billion and sold $33.62 billion in the spot market
Global oil benchmark Brent crude futures rose 0.36 per cent to $90.10 per barrel
The rupee settled at 81.65 per US dollar on Thursday as against 81.31 per dollar at previous close
The domestic unit finally settled at 81.63 against the American currency, registering a fall of 37 paise over its last close
At the interbank foreign exchange, the domestic unit opened at 81.62 against the dollar, then lost ground to quote at 81.63, registering a loss of 37 paise over its previous close
Forex traders said a negative bias on risk aversion in global markets weighed on the local unit
Wider October trade deficit, contraction in exports drag down rupee
At the interbank foreign exchange, the domestic unit opened at 81.41 against the dollar, then lost ground to quote at 81.57, registering a loss of 66 paise over its previous close.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.59 per cent to 106.91
The countries that have been removed from the list have met only one out of three criteria for two consecutive reports
The latest decline in the reserves was primarily on account of a fall in the RBI's gold reserves, which fell by $705 million to 37.06 billion
As dollar index breaches key technical levels, outlook on rupee improves
The gold reserves dropped by $705 million to $37.057 billion