Page 2496 - Markets News

Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices

The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

Rupee recovers after touching five-mnth low, closes 5 paise higher at 65.26

Brent crude, an international benchmark, was trading near a four-year peak of $71.50 a barrel in early Asian trade

Tough road ahead for govt as weak rupee pushes fuel prices to record high

Rising fuel costs may fan consumer prices and force the inflation-targeting RBI to add to its two interest rates hikes this year -- a decision that can be both unpopular as well as affect growth

Rupee opens well in early trade, bounces back 15 paise against US dollar

The rupee on Monday slumped to a record low of 72.67 a dollar in intra-day trade before closing at 72.45, showing a steep 72 paise fall on growing fears of contagion from an emerging-market rout

Falling rupee credit negative for India Inc, impact to be limited: Moody's

Impact of the rupee's weakening will be diverse and will also depend on issues such as a particular company's reliance on exports, its cost base, and its exposure to pricing on international markets

Analysts bullish on mid-cap IT stocks as valuations turn attractive

They also remain optimistic on the road ahead for the IT sector given the sharp fall in rupee's value against the US dollar.

Rupee opens 26 paise higher against US dollar amid firm global cues

The domestic unit on Wednesday gained 27 paise to settle at 72.12 in line with a recovery in domestic equities.

Rupee opens flat against US dollar amid positive global cues

The domestic unit on Thursday gained 28 paise to settle at 71.84 as investor sentiment revived after China and the United States said they will resume trade talks.

Rupee opens 5 paise higher at 71.67 against US dollar

The domestic unit continued its winning momentum for a third session in a row on Friday, rising 12 paise to settle at 71.72.

Rupee tumbles 60 paise to 72 against US dollar in early trade

The domestic unit on Friday appreciated by 38 paise to close at a two-week high of 71.42 on Friday led by a rally in domestic equities and renewed hopes of the US-China trade talks.

Rupee opens 4 paise lower at 71.52 against US dollar

The domestic unit on Tuesday spurted by 54 paise, its biggest single-day gain in more than five months, to close at a one-week high of 71.48.

Rupee surges 32 paise to 71.70 against US dollar in early trade

The currency settled at 72.02 to the US dollar, the lowest closing level since November 14, 2018, even as equities spurted more than 700 points at close on stimulus measures.

Rupee declines 12 paise against US dollar in early trade

On Wednesday, the domestic currency rebounded from a six-month low to end at 71.27, up 13 paise.

Rupee plunges 94 paise against US dollar amid weak global cues

On Friday, it had dived 54 paise to close at an over six-week low of 69.60 as soaring crude oil prices and a fresh flare up in US-China trade tensions weighed on emerging market currencies.

Rupee slides further to end at fresh lifetime low of 70.74 against dollar

A possible US sanction on India, if it goes ahead with buying Russian air defence system, also weighed on the sentiments

Rupee tumbles 71 paise against US dollar in early trade as oil prices soar

The domestic unit on Friday marched higher for the seventh straight session to close at 70.92, up 22 paise.

Rupee opens 16 paise higher against US dollar

The domestic unit on Monday recovered from day's low levels to close flat at 70.94 helped by foreign fund inflows into equities and lower global crude oil prices.

Rupee opens 28 paise higher against US dollar as crude oil price eases

The domestic unit on Tuesday weakened by another 18 paise to settle at 71.78 against the US dollar as investors fretted over higher crude oil prices.

Rupee opens 7 paise higher at 70.97 against US dollar

The domestic unit on Wednesday dipped three paise to close at 71.04 amid rising demand for the greenback vis-a-vis other currencies overseas, even as crude oil prices eased.

Rupee opens 8 paise lower against US dollar amid drop in oil prices

The domestic unit on Thursday strengthened by 16 paise to close at 70.88.