Page 21 - Currency

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.

Rupee slips 5 paise to 74.17 against the US dollar in early trade

The Indian rupee declined 5 paise to 74.17 against the US dollar in opening trade on Monday, in line with its Asian peers amid the strengthening of the American currency in the overseas market

Rupee snaps 3-day losing streak, settles 10 paise higher at 73.50

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 92.54.

Rupee appreciates 6 paise to 73.02 against US dollar in early trade

The Indian rupee appreciated 6 paise to 73.02 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities and sustained foreign fund inflows

Rupee slips 5 paise to 73.05 against the US dollar in early trade

The Indian rupee opened on a flat note and slipped 5 paise to 73.05 against the US dollar in opening trade on Wednesday

Rupee inches 4 paise higher to 73.25 against US dollar in early trade

The Indian rupee appreciated 4 paise to 73.25 against the US dollar in opening trade on Tuesday, tracking a positive trend in domestic equities

Hold 10% of portfolio in gold as currencies will be devalued: Mark Mobius

Bullion rallied to a record last year as the coronavirus pandemic spurred a flight to haven assets but it's pulled back since with the roll-out of vaccines.

Rupee surges 31 paise to 73.38 against the US dollar in early trade

The Indian rupee appreciated 31 paise to 73.38 against the US dollar in opening trade on Monday, tracking a positive trend in domestic equities.

Growth in currency in circulation halves to 10% post-second wave

It is too early to say if people have overcome their fears leading to cash hoarding, but the trend, if it sustains, is encouraging

Afghanistan's currency falls to record low; central bank chief flees Kabul

Ahmady boarded a military plane at Kabul airport, where thousands sought to leave as the Taliban's rapid territorial advance led to the collapse of the governme­nt

RBI cautions public against online buying and selling of old coins, notes

The RBI said the central bank does not deal in such matters, and "never seeks charges/ commissions of any sort"

No plan to print currency notes to tide over economic crisis: Sitharaman

Many economists and experts have suggested the government to resort to printing more currency notes to support the economy

Rupee slips 4 paise to 74.44 against US dollar in early trade

The Indian rupee depreciated 4 paise to 74.44 against the US dollar in opening trade on Monday, as investors are awaiting cues from the US Fed's policy decision, due this week. At the interbank foreign exchange, the rupee opened at 74.43 against the dollar, then fell further to 74.44, registering a fall of 4 paise over its previous close. On Friday, the rupee had settled at 74.40 against the US dollar. "As markets brace up for the FED meeting on July 28, all currencies are consolidating in their respective small ranges," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. USD/INR is expected to keep a range of 74.30 to 74.70 for the day, Bhansali said, adding that "importers to buy cash near the lower end of the range while exporters to sell at the higher end". Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.05 per cent at 92.86. "Investors will be closely eyed to assess the timing of the

Pak currency falls by 64 paisa against US dollar on import payments' demand

Pakistan's currency has dropped by 64 paise against the dollar, owing to the high demand for import payments on the last day of the trading week