The domestic currency closed 17 paise weaker at 85.77 against the greenback after closing at 85.63 on Monday, according to Bloomberg data
The domestic currency opened 4 paise stronger at 85.59 against the greenback after closing at 85.63 on Monday
The domestic currency was the best-performing currency among its Asian peers in the current month so far
The domestic currency opened 4 paise stronger at 85.94 against the greenback after closing at 85.98 on Friday
The domestic currency closed 39 paise stronger at 85.98 against the greenback after closing at 86.37 on Friday
The domestic currency opened 14 paise stronger at 86.23 against the greenback after closing at 86.37 on Thursday
The domestic currency ended 6 paise stronger at 86.37 against the greenback after closing at 86.43 on Wednesday
The rupee appreciated 12 paise to 86.25 against the US dollar in early trade on Thursday, tracking positive domestic equities and the weakness of the American currency in the overseas market. Forex traders said the Indian rupee has staged a counterattack against external pressures, gaining support from strong foreign inflows into debt markets. However, risks remain due to unabated foreign institutional investor sell-off and uncertainty surrounding Trump's tariff stance could pose challenges to the rupee's upward momentum. At the interbank foreign exchange, the rupee opened at 86.39 against the greenback, then gained some ground and touched 86.25, up 12 paise from its previous close. On Wednesday, the rupee appreciated 19 paise to close at 86.37 against the US dollar. "The USD-INR pair is expected to trade between 86.00 and 86.80 in the near term. With FII outflows and liquidity deficit conditions persisting, a slight rebound towards the 86.50-86.60 range is likely," CR Forex Advis
The domestic currency opened 2 paise stronger at 86.41 against the greenback after closing at 86.43 on Wednesday
Rupee's REER drops to 102.37 in February
The domestic currency ended 13 paise stronger at 86.44 against the greenback after closing at 86.57 on Tuesday
The rupee declined 10 paise to 86.66 against the US dollar in early trade on Wednesday amid a firm American currency index ahead of the Federal Reserve's interest rate decision and prevailing concerns due to global trade tariff moves. Forex traders said the local currency found cushion due to easing crude oil prices and some inflow of foreign capital in domestic equity markets. At the interbank foreign exchange, the rupee opened weak at 86.60 and fell to 86.68 before trading at 86.66 against the greenback in initial deals, registering a loss of 10 paise from its previous closing level. Rupee settled 25 paise higher at 86.56 against the US dollar on Tuesday, gaining for the the third straight session during which it added 66 paise. The unit had appreciated 24 paise to close at 86.81 against the US dollar on Monday after ending 17 paise up at 87.05 in the preceding session on Thursday. Forex market was closed on Friday on the occasion of Holi festival. Meanwhile, the US dollar inde
The domestic currency opened 8 paise slower at 86.65 against the US Dollar
The local currency strengthened by 23 paise to settle at 86.57 per dollar, against the previous close of 86.80 per dollar
The Rupee extended its gains to 1.08 per cent in March after seeing five consecutive months of decline
The rupee appreciated 10 paise to 86.71 against the US dollar in early trade on Tuesday, tracking its Asian peers and supported by positive domestic equities. Forex traders said the sharp upside for the local unit was restricted as investors grappled with the potential economic impact of growing global trade concerns. At the interbank foreign exchange, the rupee opened at 86.71 against the greenback, up 10 paise from its previous close. On Monday, the rupee had appreciated 24 paise to close at 86.81 against the US dollar. Asian currencies gained slightly as CNH rose to 7.2338, IDR was at 16395 and KRW at 1445. Fears that US President Donald Trump's aggressive tariff policies could trigger a broader economic slowdown have undermined the greenback, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.19 per cent higher at
The Reserve Bank of India (RBI) was a major dollar buyer yesterday, keeping the currency well within a range, while foreign Banks were major sellers
Traders now eye the US Federal Reserve meeting outcome for further cues on dollar movement, said dealers
The dollar index was down 0.11 per cent, extending the monthly fall to over 3.6 per cent, the biggest since November 2022
The rupee appreciated 25 paise to 86.80 against the US dollar in early trade on Monday, as domestic equities opened on a higher note and Asian currencies continued to remain on the stronger side. Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee's recovery. However, global risk sentiment and oil price movements will play a crucial role in determining the next leg of the rupee's trajectory. At the interbank foreign exchange, the rupee opened at 86.90 against the greenback, then gained some ground and touched 86.80 against the greenback, up 25 paise from its previous close. On Thursday, the rupee surged 17 paise to settle at 87.05 against the US dollar. Forex, stock markets were closed on Friday on the occasion of Holi festival. "The USD/INR pair is expected to trade within the 86.80-87.40 range in the near to medium-term. A breakout beyond this band could trigger an additional m