Page 25 - Rupee Vs Dollar

Rupee rises 25 paise to 86.80 against US dollar during early trade

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

Indian Rupee opens stronger, trades below 87 mark as dollar extends fall

The Rupee extends its gains to over 0.7 per cent in March after seeing five consecutive months of decline

Rupee jumps 19 paise to 87.03 against US dollar during early trade

The rupee appreciated 19 paise to 87.03 against the US dollar in early trade on Thursday, buoyed by a favourable macroeconomic data that also led to a buying rush in domestic equity markets. According to forex analysts, escalated tariff tensions worldwide continued to fuel the foreign capital outflow, but a weaker American currency index and lower level of crude oil prices added strength to the local unit. At the interbank foreign exchange, the rupee opened stronger at 87.13 and touched a high of 87.03 against the greenback in early deals, registering a sharp gain of 19 paise from its previous closing level. The rupee settled 1 paisa lower at 87.22 against the US dollar on Wednesday, a day after logging a recovery of 10 paise on Tuesday as it pared the steep loss of 36 paise in the preceding session (Monday). Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.01 per cent at 103.57. Brent crude, the global o

Rupee trades almost flat with 1 paisa lower at 87.22 against US dollar

The rupee turned almost flat and traded with a marginal loss of 1 paisa at 87.22 against the US dollar in early trade on Wednesday amid volatile sentiment due to uncertainties over trade tariff. According to forex analysts, a strengthening American currency index and a recovery in crude oil prices also added pressure on the local unit, which was already weighed down due to selling in domestic equity and the continuous outflow of foreign capital. They said, market participants were also trading cautiously awaiting cues from macroeconomic data to be released in India and the US later in the day. At the interbank foreign exchange, the rupee opened at 87.24, tumbled to 87.32 and then gained to 87.22 against the greenback in early deals, trading 1 paisa lower from its previous closing level. The rupee ended 10 paise higher at 87.21 against the dollar on Tuesday, a day after losing 36 paise. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six ...

Rupee gains as dollar drops to four-month low amid global uncertainty

Uncertainty about trade tariffs and their impact on the growth-inflation dynamic in the United States has sapped risk appetite from markets alongside a sharp selloff in US equities

Rupee gains 1 paisa to 87.30 against US dollar during early trade

The rupee turned almost flat and gained 1 paisa to 87.30 against the US dollar in early trade on Tuesday on the back of weaker American currency and lower level of crude oil prices. However, volatile domestic equity markets amid fear of recession in the US and trade-related uncertainties impacted investor sentiment adversely, forex traders said. At the interbank foreign exchange, the rupee opened at 87.37, slipped to 87.39 and then slightly strengthened to 87.30 against the greenback in early deals, registering a gain of 1 paisa from its previous closing level. On Monday, the rupee sank 36 paise to close at 87.31 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.20 per cent at 103.75. Brent crude, the global oil benchmark, rose 0.01 per cent to USD 69.29 per barrel in futures trade. In the domestic equity market, the 30-share BSE Sensex was trading 424.36 points, or 0.57 per cent, l

Rupee plunges 30 paise to 87.25 against US dollar during early trade

The rupee saw a steep plunge of 30 paise to 87.25 against the US dollar in early trade on Monday as the American currency started recovering from six-month low level while trade-related uncertainties weighed on investor sentiment. A subdued domestic equity market and uninterrupted outflow of foreign funds also put pressure on the local unit, though it found some support due to easing crude oil prices, forex traders said. At the interbank foreign exchange, the rupee opened weak at 87.24 amid intense volatility and touched the low of 87.34 before trading at 87.25 against the greenback in early deals, down 30 paise from its previous closing level. On Friday, the rupee appreciated 17 paise to close at 86.95 against the US dollar. The rupee had settled 6 paise lower at 87.12 against the US dollar on Thursday, snapping its three-session rally. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.03 per cent at ...

Rupee falls 5 paise to 87.11 against US dollar during early trade

The rupee failed to sustain its gaining momentum and fell 5 paise to 87.11 against the US dollar in early trade on Thursday as a lower American currency and crude oil prices failed to boost sentiment amid volatile equity markets and foreign funds outflow. The local currency found support initially amid the US move to delay implementation of higher tariffs on Canada and Mexico, forex traders said. Also, RBI's decision to infuse Rs 1.9 trillion liquidity into the banking system added strength to the domestic unit. However, they said, volatile equity markets played a spoilsport and pushed back the local unit to the negative territory. At the interbank foreign exchange, the rupee opened stronger at 86.96, went up to 86.88 but soon pared most of its gains and traded at 87.11 against the greenback, registering a loss of 5 paise from its previous closing level. The rupee settled 13 paise higher at 87.06 against the US dollar on Wednesday, the third straight day of gain. In the preceding t

Rupee settles 19 paise higher at 87.00 against dollar amid fall in crude

Concerns about the US growth outlook alongside uncertainty about the growth-inflation impact of trade tariffs have weighed on the dollar and US bond yields over recent sessions

Rupee rises 9 paise to 87.10 against US dollar during early trade

The rupee appreciated 9 paise to 87.10 against the US dollar in early trade on Wednesday, fuelled by the broad weakening of the US dollar and easing crude oil prices. Forex traders said US President Donald Trump's tariff escalation has set off a chain reaction in global markets, sending the dollar into a downward spiral. Rupee is expected to trade with a slight negative bias as fears of a prolonged trade war continue to grip the financial world, they said. At the interbank foreign exchange, the rupee opened at 87.18 against the greenback, then gained some ground and touched 87.10 against the greenback, up 9 paise from its previous close. On Tuesday, the rupee rebounded from initial losses and settled with a gain of 13 paise at 87.19 against the US dollar. "The rupee traded in a narrow range, caught between global uncertainty driven by Trump factor. Moreover, persistent FII selling, with USD 128 million offloaded in the last session and total outflows nearing USD 12 billion this ye

Rupee falls 8 paise to 87.40 against US dollar during early trade

The rupee declined 8 paise to 87.40 against the US dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and a prevailing liquidity deficit. Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the US Dollar Index. At the interbank foreign exchange, the rupee opened at 87.38, then fell to 87.40 against the American currency, registering a decline of 8 paise over its previous close. On Monday, the rupee settled with a gain of 5 paise at 87.32 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 106.61, lower by 0.12 per cent, amid escalating trade tensions, which have been triggered by US. President Donald Trump's renewed tariff policies. Brent crude, the global oil benchmark, quoted 0.63 per cent lower at USD 71.17 per barrel in futures

Rupee appreciates 9 paise to 87.28 against US dollar in early trade

The rupee appreciated 9 paise to 87.28 against the US dollar in early trade on Monday as the American currency index retreated from elevated level and domestic equity markets indicated some recovery after firm macroeconomic data. According to forex traders, withdrawal of foreign capital is expected to halt as the latest government data released on Friday showed the country's economy grew by 6.2 per cent in the October-December quarter, recovering sequentially from seven-quarter lows. However, the volatility triggered by the US tariff continued to linger, leading to an increase in crude oil prices and capping a sharp gain in the domestic currency, they said. At the interbank foreign exchange, the rupee opened at 87.36 and gained further ground to 87.28 against the American currency, registering a gain of 9 paise from its previous close. On Friday, the rupee fell 19 paise to settle at 87.37 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength aga

Rupee falls 19 paise to 87.37 against US dollar during early trade

The rupee declined 19 paise to 87.37 against the US dollar in early trade on Friday, as the strength of the American currency and a negative trend in domestic equities dented investor sentiments. Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the US Dollar Index. At the interbank foreign exchange, the rupee opened at 87.32, then fell to 87.37 against the American currency, registering a decline of 19 paise over its previous close. On Thursday, the rupee settled almost flat with a marginal gain of 1 paisa at 87.18 against US dollar. "The Indian rupee depreciated by 20 paise influenced by rising geopolitical tensions and the looming threat of trade wars," CR Forex Advisors MD Amit Pabari said. Moreover, the Reserve Bank of India is actively intervening near the 87.40 level to curb excessive depreciation of the rupee, Pabari said, adding that

Rupee reverses losses, ends flat at 87.2 per dollar on likely RBI support

The rupee opened six paise weaker against the greenback, tracking the rise in the dollar index

Rupee falls 22 paise to 87.41 against US dollar in early trade today

The rupee declined 22 paise to 87.41 against the US dollar in early trade on Thursday after the latest tariff announcements from the US weighed on emerging currencies, including the rupee. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar. At the interbank foreign exchange, the rupee opened at 87.26, then fell to 87.41 against the American currency, registering a decline of 22 paise over its previous close. On Tuesday, the rupee fell sharply by 47 paise to settle at 87.19 against the US dollar. On Wednesday, equity, forex, commodity markets were closed on account of Mahashivratri. Global financial markets experienced renewed volatility as US President Donald Trump reaffirmed his commitment to tariffs, announcing that duties on Canada and Mexico would take effect from April 2. Adding to trade tensions, he hinted at a potential 25 per cent reciprocal tariff on European goods, escalating fears of a ..

India's 10-year bond yield flat as debt supply, rupee decline hurts

Heavy supply from states and the upcoming central government supply also curbed any movement in the longer-duration bond yields

Amid US tariff threats, rupee falls 47 paise to end at 87.19 against dollar

The rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the US dollar on Tuesday due to month-end dollar demand by importers amid uncertainty over US trade tariffs. Elevated greenback against major crosses and sustained FII outflows also contributed to the decline in the domestic unit, forex traders said. At the interbank foreign exchange, the rupee opened weak at 86.83 and kept losing ground through the day before settling at 87.23 (provisional), 51 paise lower than its previous close. The local unit had settled at 86.72 on Monday. "The rupee fell sharply against the US dollar amid uncertainty over US trade tariffs and demand from importers towards the end of the month. Covering of short positions due to the expiry of the futures contract, too, weighed on the rupee. "We expect the rupee to trade negative on the back of overall weakness in the domestic markets and persistent FII outflows. Any recovery in the US dollar may also weigh on the rupee. However, any .

Rupee depreciates 16 paise to 86.88 against US dollar in early trade

The rupee declined 16 paise to 86.88 against the US dollar in early trade on Tuesday amid a strengthening greenback, sustained FII outflows, and a rise in Brent crude prices. A rebound in the domestic equity markets prevented further fall in the domestic unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 86.83, before sliding further to 86.88, down 16 paise from Monday's close of 86.72. "The rupee was again sold off on Monday as month-end dollar demand kept rupee lower from a high of 86.56 to 86.75. Due to risk of sentiments, the market is expected to buy dollars to take it higher against the rupee," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Meanwhile, the domestic equity markets rebounded on Tuesday with the 30-share BSE Sensex rising 117.57 points to 74,571.98 in early trade, while Nifty was up 31.3 points to 22,584.65. The dollar index, which gauges the greenback's strength agains

Rupee dips 4 paise to 86.72 amid falling equities, rising crude prices

The rupee dropped 4 paise to 86.72 (provisional) against the US dollar on Monday amid a steep fall in the domestic equity markets and a rise in Brent crude prices. However, a flat greenback against major currencies prevented further decline in the domestic unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 86.58, went up 10 paise from Friday's close of 86.68, but gave way through the session. It eventually settled at 86.72 (provisional), 4 paise lower than the previous day's close. "The RBI is all set to do a 3-year buy/sell swap of USD 10 billion on February 28 to ease the tightening liquidity position, thus bringing premiums further down. Exporters may sell the cash dollars requirement on all upticks while importers may buy good dips," 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

Rupee appreciates 1 paisa to 86.67 against US dollar in early trade

The rupee rose 1 paisa to 86.67 against the US dollar in early trade on Monday amid a weakening greenback against international currencies. However, a sharp fall in the domestic equity markets in morning trade, a decline in the country's forex reserves and sustained FII outflows prevented further gains, forex traders said. At the interbank foreign exchange, the domestic unit opened at 86.58, up 10 paise against the US dollar, but gave up initial gains to reach 86.67, just 1 paisa higher than Friday's close. On Friday, the rupee pared initial gains and settled 4 paise lower at 86.68 against the US dollar. The rupee is expected to trade in a range of 86.35-75 as the market gives opportunity for both exporters and importers to sell and buy their currencies, 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 0.39 per cent low