Page 2 - Rupee Vs Dollar

Robust forex inflows lift rupee as lower crude prices boost sentiment

The rupee recovered from a five-session decline as easing crude oil prices and stronger-than-expected foreign exchange inflows under RBI measures supported sentiment

Why a weaker rupee is not necessarily a sign of economic weakness

A stable economy does not require a permanently stable exchange rate

Rupee falls 6 paise to 96.42 against US dollar during early trade

The rupee depreciated 6 paise to 96.42 against the US dollar in early trade on Tuesday as heightened geopolitical uncertainty put pressure on most Asian currencies, including the rupee. Forex traders said the rupee came under pressure from a combination of factors -- crude oil prices climbed on renewed geopolitical tensions, and demand for the US dollar increased as investors moved toward safe-haven assets. At the interbank foreign exchange market, the rupee opened at 96.41 then touched 96.42 registering a fall of 6 paise from its previous close. On Monday, the rupee had settled at 96.36 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 100.97 up 0.03 per cent. Brent crude, the global oil benchmark, was trading lower by 0.65 per cent at USD 88.64 per barrel in futures trade. As dollar index again rose to 100.97 while oil prices were well bid at USD 88.64 per barrel, traders weighe

Rupee's depreciation pace, not level key for markets, shows 18-year history

For the world's third-largest oil importer and consumer, India, a falling rupee presents unique challenges: a weaker economy, wary foreign investors, and declining earnings quality.

RBI intervenes to support rupee as it nears record low on oil price surge

The Reserve Bank of India sold dollars in both offshore and onshore markets, traders familiar with the matter said

Rupee falls 12 paise to 96.42 against US dollar during early trade

The rupee weakened 12 paise to 96.42 against the US dollar in early trade on Monday due to a surge in crude oil prices and strong demand for the American currency amid the worsening West Asia crisis. Foreign capital outflows from domestic equity markets also weighed on the Indian currency, forex traders said. At the interbank foreign exchange, the rupee opened lower at 96.53 against the previous close of 96.30 to dollar. The local unit pared some losses to trade at 96.42 later, down 12 paise from its previous close. On Friday, the rupee gained 12 paise to settle at 96.30 against the US dollar, supported by positive domestic market sentiment and a decline in US Treasury yields. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally down by 0.05 per cent at 100.54. Brent crude, the global oil benchmark, was trading 2.45 per cent higher at USD 90.26 per barrel in futures trade, as the US and Iran have inched close

Rupee rises 14 paise to 96.28 against US dollar during early trade

The rupee gained 14 paise to 96.28 against the US dollar in early trade on Friday buoyed by positive sentiments at the domestic equity markets. However, heavy FII outflows and higher global crude oil prices amid heightened tensions in West Asia prevented further gains in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 96.35 against the greenback before rising further to 96.28, up 14 paise from its previous close. The rupee depreciated for the fourth straight day on Thursday, shedding 17 paise to settle at 96.42 against the US dollar. The US expanded its airstrike campaign against Iran early on Friday by increasingly hitting bridges, part of President Donald Trump's threats to start striking infrastructure to pressure Tehran to ease its chokehold on the Strait of Hormuz. Iran launched new missile attacks against US-allied nations in West Asia and warned that its attacks would escalate. "Continued geopolitical uncertainties in West Asia ...

FCNR(B) inflows trail expectations as rupee comes under fresh pressure

The rupee weakened as initial FCNR(B) deposit inflows fell short of market expectations, though analysts said it was too early to assess the success of the RBI's measures

Rupee slips 6 paise to 96.31 against US dollar during early trade

The rupee declined 6 paise to 96.31 against the US dollar in early trade on Thursday amid volatility in global crude oil prices and a stronger greenback with the West Asia crisis showing no signs of abating. FII outflows continued to weigh on the local unit while a positive start to the day at the domestic equity markets provided support, according to forex traders. At the interbank foreign exchange, the rupee opened at 96.28 against the greenback before slipping further to 96.31 from its previous close. The local unit had on Wednesday extended its slide for the third straight day and settled 9 paise lower at 96.25 against the US dollar. The United States intensified its strikes targeting Iran early on Thursday, hitting targets further north as American forces also fired into a ship it accused of trying to break its naval blockade on the Islamic Republic. Iran retaliated with missile and drone fire targeting Bahrain and Kuwait before dawn. Days of back-and-forth strikes by the US

Rupee ends flat as merchant bids, oil blunt comfort from modest inflows

The rupee ‌closed at 96.2550 per dollar, little changed from its close at 96.20 in the previous session

Rupee rises 5 paise to 96.11 against US dollar during early trade

The rupee rose 5 paise to 96.11 against the US in early trade on Wednesday amid heightened tensions in West Asia and a weaker greenback. Higher crude oil prices and FII outflows prevented a sharper rise in the local unit while a positive opening in the domestic equity markets lent support, forex traders said. At the interbank foreign exchange market, the rupee opened at 96.12 and inched up to 96.11, up 5 paise from its previous close. The unit depreciated 48 paise to close at 96.16 against the US dollar on Tuesday. Iran on Wednesday threatened to halt all energy exports from West Asia over the US reimposing a naval blockade on the Islamic Republic. In a statement carried by the Iranian state television, the paramilitary Revolutionary Guard threatened oil and gas exports from the region. "The export of oil and gas from the region will be either for everyone or for no one," it said. "The rupee came under significant pressure on Tuesday, slipping past the 96-level for the first time

Rupee breaches 96/$; 10-year bond yield rises 6 bps on oil price surge

The rupee weakened beyond 96 per US dollar while the benchmark 10-year bond yield rose 6 basis points as higher crude oil prices and inflation concerns weighed on markets

Rupee falls 48 paise to 96.16 against US dollar during early trade

The rupee depreciated 48 paise to 96.16 against the US dollar in early trade on Tuesday as heightened geopolitical uncertainty put pressure on most Asian currencies, including the rupee. Forex traders said the rupee came under pressure due to a combination of factors -- crude oil prices climbed on renewed geopolitical tensions, while demand for the US dollar increased as investors moved toward safe-haven assets. At the interbank foreign exchange market, the rupee opened at 95.95 then lost ground and touched 96.16 registering a fall of 48 paise from its previous close. On Monday, the rupee depreciated 30 paise to close at 95.68 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.17, down 0.06 per cent. Brent crude, the global oil benchmark, was trading higher by 2.02 per cent at USD 84.98 per barrel in futures trade amid concerns over disruptions to supplies through the Strait of Hormuz. I

Rupee falls 39 paise to 95.77 against US dollar during early trade

The rupee fell 39 paise to 95.77 against the American currency in early trade on Monday, weighed down by elevated crude oil prices. Forex traders said with Brent oil prices rising over USD 79 to the barrel the Indian rupee is expected to open weaker at 95.53 levels after Iran declared the Strait of Hormuz as closed. At the interbank foreign exchange market, the rupee opened at 95.72, then touched 95.77 against the US dollar, registering a loss of 39 paise from its previous close. On Friday, the rupee rose 9 paise to settle at 95.38 against the US dollar. "The renewed fighting between the US and Iran revived fears of a major disruption to global Crude supplies," said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.12, up 0.17 per cent. Meanwhile, Brent crude, the global oil benchmark, was trading higher by 4.05 per ce

Rupee rises 15 paise to 95.32 against US dollar during early trade

The rupee rose 15 paise to 95.32 against US dollar in early trade on Friday as the greenback weakened and oil prices eased despite intensifying tensions in West Asia. FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while a strong start to the day's trade at the domestic equity markets provided support, according to forex traders. The US launched new airstrikes against Iran on early Thursday, and Tehran responded by targeting US-allied West Asian countries in an exchange of fire that threatened an interim deal intended to help end the war. Back-and-forth attacks, including a day earlier, have repeatedly threatened the ceasefire. But Thursday's appeared bigger all around, with sirens sounding at least three times in Bahrain, home to the US Navy's 5th Fleet headquarters, and missiles targeting Kuwait and Qatar. At the interbank foreign exchange market, the rupee opened at 95.27 against the greenback before slipping to 95.32, up 15 paise from i

RBI faces $100 billion unwinding challenge after record defence of rupee

With a spate of recent measures expected to attract foreign capital, the RBI has started trimming its massive short dollar forward position, a stock of commitments to sell the greenback at future date

Rupee slips 4 paise to 95.52 against US dollar during early trade

The rupee fell 4 paise to 95.52 against the US dollar in early trade on Thursday, weighed down by surging crude oil prices after fresh tensions in West Asia rattled sentiments worldwide, raising fears of uncertainties over global trade. According to analysts, oil prices soared to their highest point in weeks after President Donald Trump announced an end to the ceasefire with Iran in response to Iranian attacks on commercial ships in the Strait of Hormuz and on American military sites in other Gulf nations. However, positive sentiment in domestic equity markets supported the Indian currency, they said. At the interbank foreign exchange market, the rupee opened at 95.52 and remained weaker against the US dollar, down 4 paise from its previous close. On Wednesday, the rupee plunged 52 paise to settle at 95.48 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 100.98, down 0.09 per cent. Brent c

Rupee declines 20 paise to 95.16 against US dollar during early trade

The rupee slipped 20 paise to 95.16 against the greenback in early trade on Wednesday as the US launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar. A weaker opening in the domestic equity markets further pressured the local unit, according to forex traders. At the interbank foreign exchange market, the rupee opened at 95.15 against the US dollar before slipping further to 95.16, down 20 paise from its previous close. On Tuesday, the rupee appreciated 47 paise to close at 94.96 against the US dollar. "The rupee opened at 95.15 levels on Wednesday as the dollar index moved higher and Brent crude touched USD 76 levels with most Asian currencies also falling against the dollar," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at .

Rupee posts biggest single-day gain in three weeks on debt inflows

The rupee rose 0.46 per cent against the US dollar on Tuesday, supported by sustained debt inflows, easing demand from oil companies and a weaker greenback

Rupee strengthens 15 paise to 95.28 against US dollar in early trade

The rupee appreciated 15 paise to 95.28 against the US dollar in early trade on Tuesday on improved market sentiment after reports that Saudi Arabia has slashed August crude oil prices for Asia amid easing of geopolitical tensions in the Middle East. Forex traders said lower Middle East risk premium and higher traffic from the Strait of Hormuz kept the oil prices lower. At the interbank foreign exchange market the rupee opened at 95.33 and later touched 95.28 against the American currency, registering a gain of 15 paise from its previous close. On Monday, the rupee had settled at 95.43 against the US dollar. The positive factor for the Indian rupee was Saudi Arabia slashing Asia oil prices by USD 11 per barrel in a record cut in the last 26 years amid improving supply conditions, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Bhansali further noted that the buying by Indian oil companies also was indicated by the fact that Indian Oi