Page 23 - Currency Market

Indian Rupee falls 23 paise to close below 74-level against US dollar

This comes amid a lacklustre trend in domestic equities and strengthening of the American currency in the overseas market

Indian Rupee ends 15 paise lower at 73.83 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.11 per cent

Rupee declines 4 paise to close at 73.68 against US dollar

In the previous session on Thursday, the rupee had closed at 73.64 against the US dollar.

Risk-sensitive currencies perked up by upcoming Evergrande bond payment

Some of the excitement fizzled, however, after traders realised it was still not known whether the developer would be able to pay the coupon on its offshore dollar bonds, due on Thursday.

Rupee slumps 26 paise to close at 73.87 against US dollar

Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 1,041.92 crore, as per exchange data.

Evergrande situation can lead to rupee coming under pressure: Report

If the worst-case scenario of the Chinese government taking a hands-off approach in the case playing out, the rupee can see volatilities and can depreciate to 75 against the dollar, the report added.

Rupee declines 18 paise to close at 73.68 against US dollar

The currency fell tracking a strong American currency in the overseas market and muted trend in domestic equities

Indian rupee posts best week in 4 months ahead of Jackson Hole speech

In the domestic bond market, the benchmark 10-year bond yield ended steady on the day but rose 2 bps on the week.

Rupee closes at a 2-month high, below 74 for first time since June 18

Supported by a firm trend in domestic equities ahead of the key speech from US Federal Reserve Chair Jerome Powell

Rupee gains for 5th straight session to settle at 74.15 against US dollar

On Thursday, the rupee had settled at 74.17 against the US dollar.

India rupee at over 3-week high on Fed's dovish stance, gains in equities

The dollar also slipped to multi-week lows in Asian trading on Thursday

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 slips 2 paise against US dollar amid higher crude oil prices

Higher crude oil prices weighed on forex market sentiment

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.

Cyclical currencies lead after dust settles on US Federal Reserve

The dollar jumped and stocks swooned last week after the Fed surprised markets by signalling much earlier rate hikes than investors previously expected.

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.

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