Page 49 - Finance News Analysis

Rupee declines 6 paise to 74.26 against US dollar in early trade

The Indian rupee slumped 6 paise to 74.26 against the US dollar in opening trade on Monday as firm crude oil prices weighed on investor sentiment.

Forex reserves decline $4 bn to $603.93 bn on slide in gold assets

This comes amid a fall in gold and currency assets

Rupee opens on flat note, inches 4 paise higher to 74.14 against dollar

The Indian rupee started on a flat note this Friday against the greenback and inched 4 paise higher to 74.14 against the US dollar in early trade tracking a muted trend in the domestic equity market.

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 snaps 2-day losing streak, closes up by 10 paise at 74.27 vs USD

This follows weakness in the American currency in the overseas market.

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

Dollar in retreat as Powell says Fed won't raise rates on fear of inflation

The US dollar remained on the back foot against major peers on Wednesday after a two-day drop as US Fed officials including Chair Powell reaffirmed that tighter monetary policy was still some way off

Rupee falls for second day, settles 27 paise down at 74.37 against USD

This marks the second straight day of losses following a stronger dollar overseas.

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 34 paise to 74.20 against US dollar in early trade

The Indian rupee slumped 34 paise to 74.20 against the US dollar in opening trade on Monday tracking the strengthening of the American currency and a muted trend in domestic equities

Forex reserves rise $3.07 billion to lifetime high of $608.08 billion

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

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.

Forex has helped avert a currency run, but continuous inflow has its risks

At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks

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 ends marginally lower to close at 73.32 against US dollar

The domestic currency has lost 52 paise in the seven trading sessions to Wednesday.

Rupee falls for 6th straight session, settles 2 paise down at 73.31/USD

The domestic currency has lost 51 paise in the six trading sessions to Tuesday.

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.

Foreign exchange reserves cross $600 billion mark for first time

Forex reserves rose by $6.842 billion in the week ended June 4

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.