Page 19 - Currency

China's central bank tightens control to restrain currency's rise

Commercial banks were ordered Thursday to increase the amount of their foreign currency deposits

Rupee closes at near 18 month-low, ends at 75.52 to the dollar

The rupee touched 76.92 a dollar in the intraday trade on April 22 last year.

Rupee slides 5 paise to 75.49 against US dollar in early trade

The rupee declined 5 paise to 75.49 against the US dollar in opening trade as persistent foreign fund outflows kept the pressure on the local unit

Indian rupee slumps 30 paise to close at 75.42 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent up at 96.23

Lower oil prices to counter Omicron fears; yet rupee to remain subdued

Besides, rising trade deficit along with fears of US tapering measures are likely to hamper any appreciation move

Yuan emerging as a strong benchmark for rupee, say currency dealers

While it hasn't been officially confirmed yet if RBI is intervening in currency market in tandem with the yuan, the market itself has been adjusting based on how China treats its currency

Turkish lira takes breather from the worst nosedive in 20 years

The lira's rebound comes after an 11-day slide

Currency in circulation remains unchanged during Diwali week: SBI Research

The currency in circulation stood at Rs 43,900 cr during the Diwali week in 2021, more or less stagnant compared to the Rs 43,800 cr in the year ago period

Rupee falls 20 paise to 74.54 against the US dollar in early trade

The Indian rupee depreciated by 20 paise to 74.54 against the US dollar in opening trade on Thursday, weighed down by a lacklustre trend in the domestic equity market and firm American dollar

Five years after demonetisation, high value notes comprise 85.7% of total

The composition of the high value bank notes - Rs 500 and Rs 2,000 - in terms of their volume in the total circulation also underwent interesting changes over the last five years

Indian Rupee declines 7 paise to close at 75.03 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent up at 93.97

Indian Rupee recovers 12 paise to end at 74.96 against US dollar

The rupee snapped its two-session losing streak to settle 12 paise higher at 74.96 (provisional) against the US dollar on Tuesday, tracking a positive trend in domestic equities. At the interbank forex market, the local unit opened at 75.05 against the greenback and witnessed an intra-day high of 74.95 and a low of 75.17 during the day trade. It finally ended at 74.96 against the American currency. On Monday, the rupee had declined by 18 paise to close at 75.08 against the US currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.01 per cent to 93.80. On the domestic equity market front, the BSE Sensex ended 383.21 points or 0.63 per cent higher at 61,350.26, while the broader NSE Nifty advanced 143 points or 0.79 per cent to close at 18,268.40. Brent crude futures, the global oil benchmark, fell 0.40 per cent to USD 85.65 per barrel. Foreign institutional investors were net sellers in the capital market on Monday as they offl

Indian Rupee settles 18 paise lower at 75.08 against US dollar

The rupee ended 18 paise lower at 75.08 (provisional) against the US currency on Monday due to a spike in crude oil prices and a stronger greenback against key rivals overseas. At the interbank forex market, the local unit opened on a weak note at 74.98 and witnessed an intra-day high of 74.97 and a low of 75.10 against the American currency during day trade. The local unit finally ended at 75.08, down 18 paise over its previous close. On Friday, the rupee had settled at 74.90 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent higher at 93.76. Brent crude futures, the global oil benchmark, rose 0.56 per cent to USD 86.01 per barrel. On the domestic equity market front, the BSE Sensex surged 145.43 points or 0.24 per cent to end at 60,967.05 while the broader NSE Nifty advanced 10.50 points or 0.06 per cent to settle at 18,125.40. Meanwhile, foreign institutional investors were net

Indian Rupee rallies 47 paise to close at 74.88 against US dollar

A surging American currency in the overseas market and losses in the domestic equity markets put some pressure on the rupee, forex dealers said.

Rupee likely to get breather from foreign inflows, say experts

The rupee has come under pressure as surging commodity prices rekindled worries about inflation and the financial health of the net oil-importing nation

Rupee recovers 15 paise to 75.37 on weak dollar, lower crude prices

The rupee on Wednesday rebounded by 15 paise to close at 75.37 against the US dollar following a rally in domestic equities and weak American currency in the overseas markets. In addition, lower crude prices and a benign retail inflation in September also supported the rupee sentiment, forex dealers said. At the interbank forex market, the rupee opened strong at 75.29 against the greenback. During the session, the domestic unit swung between 75.19 and 75.51. On Tuesday, the rupee had closed at 75.52 against the dollar. Retail inflation fell to a five-month low of 4.35 per cent in September from 7.27 per cent in the year-ago period as prices of vegetables and other items declined. "India's CPI fell to a five-month low in September at 4.35 per cent, well within RBI's comfort zone of 2- 6 per cent, providing RBI scope to continue with its accommodative policy stance to achieve sustainable economic recovery," Kaynat Chainwala - Fundamental Research Analyst Currencies, Anand Rathi, ...

Rupee declines 16 paise to 75.52; extends losses for third day

The Rupee was weighed down by a strong greenback in the overseas market and firm crude oil prices

Indian rupee hits 5-1/2-month low; bonds fall on oil price surge

The rupee fell for a third straight session, shedding 0.7%, its biggest single-day loss since June 17

Indian Rupee slips 13 paise to close at 74.44 against US dollar

Widening trade balance data and dollar outflows also weighed on rupee: Analyst

Indian Rupee falls 19 paise to close at 74.31 against US dollar

Meanwhile, Brent crude futures, the global oil benchmark, advanced 0.15 per cent to $79.40 per barrel.