Page 35 - Rupee Vs Dollar

Rupee likely to maintain downward drift, RBI counted on to cap losses

The one-month non-deliverable forward indicated that the rupee may open near 84.88

Rupee ends marginally lower, near-term bearish bias tipped to persist

While the rupee touched a low of 84.7350 during the session, mild dollar sales from state-run banks helped avoid further losses, traders said

Rupee falls 7 paise to 84.73 against US dollar during early trade

The rupee fell 7 paise to trade at 84.73 against the US dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous close. On Friday, the rupee appreciated by 5 paise to settle at 84.66 against the US dollar. "On the domestic front, all eyes will be on Industrial Production (IIP) and CPI data following last week's RBI monetary policy announcement. The 50-basis point CRR cut provided much-needed liquidity and lent support to the Rupee," CR Forex Advisors MD Amit Pabari said. The Reserve Bank of India on Friday kept its key interest rate unchanged citing inflation risks, but cut the Cash Reserve Ratio that banks are required to park with the central bank

Rupee rises 7 paise to 84.64 against US dollar during early trade

Rupee appreciated 7 paise to 84.64 against the US dollar in morning trade on Friday, ahead of the Reserve Bank's monetary policy decision. Forex traders said fresh foreign fund inflows supported investor sentiments, however, a muted trend in domestic equities weighed on the domestic unit. Moreover, market participants are also awaiting cues from the upcoming Reserve Bank of India (RBI) monetary policy on Friday, which will likely focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.66 and moved in a tight range and touched 84.64 against the greenback, registering a gain of 7 paise over its previous close. On Thursday, the rupee recovered from its all-time low level and settled for the day with gains of 4 paise at 84.71 against the US dollar. "The Indian rupee is expected to open a tad stronger after the Central Bank sold dollars at 84.75 levels and ensured it stayed in the range of 84.70 to 84.75. As the RBI announces policy rates amid

Rupee trading flat at 84.68 against US dollar in early trade today

The rupee traded flat against the US dollar at 84.68 on Wednesday morning as foreign inflows offset the impact of a strengthening greenback. A strengthening dollar against overseas currencies and a rise in Brent crude in international markets capped further gains in the local unit, while a positive trend in domestic equity markets prevented a drop in the currency. Forex traders said the rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. At the interbank currency exchange, the local unit opened at 84.66, 2 paise higher than Tuesday's close but lost the gains immediately after to trade flat at 84.68 against the greenback. The rupee had recovered from its all-time low level and settled with gains of 4 paise at 84.68 against the US dollar on Tuesday. "The rupee opened stable at 84.68 after the Reserve Bank of India (RBI)

Rupee drops 4 paise to all-time low of 84.76 per US dollar in early trade

The rupee fell 4 paise to all-time low of 84.76 against the US dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in rupee was largely on the back of Donald Trump's rhetoric on BRICs currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. President-elect Donald Trump on Saturday threatened a 100 per cent tariff on the BRIC bloc of nations if they act to undermine the US dollar. Moreover, market participants are also awaiting cues from the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.75 and moved in a tight range and touched all-time low of 84.76 against the greenback, registering a fall of 4 paise over its previous close. On Monday, the rupee ..

Rupee stares at 85 against dollar amid GDP worries, hits fresh low of 84.70

Falls 21p to new low of 84.70; RBI has limited intervention room

Rupee falls to new low of 84.71 on growth concerns, tracking Asian peers

The rupee depreciated by 0.48 per cent against the dollar in November, following a decline of 0.25 per cent in October

Rupee down 2 paise to 84.49 against US dollar in early trade today

The rupee fell 2 paise to trade at 84.49 against the US dollar in early trade on Friday dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close. On Thursday, the rupee depreciated 7 paise to close at 84.47 against US dollar. As FPIs sold Rs 11,000 crore of shares on Thursday Indian rupee was constantly on the selling side against the US dollar which surged to its highest at 84.51 before closing at 84.4850 with the Reserve Bank of India (RBI) protecting any fall beyond 84.50 for now, Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP said. "Good month-end demand for US dollar and FPIs buying it kept dollar well bid near to 84.50. Expect the buying to continue o

Rupee depreciates to a new intraday low of 84.52 against US dollar

The rupee had appreciated to a high of Rs 84.22 per dollar on Wednesday as the dollar index fell by 0.7 per cent after surging for the majority of the month

Rupee flat amid month-end dollar bids and likely RBI intervention

Dollar bids from foreign banks and importers weighed on the rupee, a trader at a private bank said. Other Asian currencies were mixed, while the dollar index trimmed losses after falling 0.7%

Rupee falls 15 paise to 83.44 against US dollar during early trade

The rupee fell sharply by 15 paise against the US dollar to 83.44 in early trade on Wednesday amid muted trends in the domestic equity markets. However, a decline in the dollar index and a marginal fall in the Brent crude index prevented further losses in the domestic unit, according to experts. At the interbank foreign exchange, the local unit opened at 84.38 -- down 9 paise from its previous close -- and then slid further to 84.44, registering a decline of 15 paise from its previous close. On Tuesday, the rupee pared its intra-day losses to settle flat at 84.29 against the US dollar. "The Indian banking liquidity fell into deficit as industry players paid Rs 1.6-1.8 lakh crore as GST payment. This was after two months that liquidity has fallen into a deficit as the RBI also intervened into forex markets to defend the rupee weighing on liquidity conditions," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. "The rupee may be in the

Rupee gains 7 paise to Rs 84.22 against US dollar on strong equity rally

Rupee appreciated 7 paise to 84.22 against the US dollar in morning trade on Tuesday, on a sharp rebound in domestic equities amid improved investor risk appetite. Forex traders said the MSCI equity index rebalancing significantly boosted sentiment for Indian equity markets as foreign institutional investors broke a 40-session streak of net selling by purchasing Rs 9,947 crores on Monday, lending robust support to the rupee. Moreover, the win by the incumbent government in Maharashtra, further fueled investor confidence in economic stability, sparking a rally in equity markets. At the interbank foreign exchange, the rupee opened at 84.27 and moved in a tight range and touched an early high of 84.22 against the greenback, registering a gain of 7 paise over its previous close. On Monday, the rupee appreciated 12 paise to close at 84.29 against US dollar. "While Donald Trump's aggressive trade policies loom large, the rupee's outlook remains cautiously optimistic. The Reserve Bank of

Rupee appreciates 0.2% tracking Asian peers, dollar index softens

The local currency settled at Rs 84.29 per dollar on Monday, against Rs 84.46 per dollar on Friday

Rupee appreciates 6 paise to Rs 84.35 against US dollar in early trade

Rupee appreciated 6 paise to 84.35 against the US dollar in morning trade on Monday, supported by a firm trend in domestic equities. Forex traders said factors like elevated Dollar Index levels, and a nearly 5 per cent surge in crude oil prices over the past week driven by the escalation of the Russia-Ukraine conflict pose significant headwinds for the USD/INR pair. At the interbank foreign exchange, the rupee opened at 84.38 and moved in a tight range and touched 84.35 against the greenback, registering a gain of 6 paise over its previous close. On Friday, the rupee recovered from its all-time low level and appreciated 9 paise to close at 84.41 against the US dollar. The Indian rupee opened with some gains as FPIs selling came down considerably and markets rose last Friday, Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. "RBI has also warned banks from taking long side positions in the USDINR pair for speculation purposes," Bhansali ...

Rupee falls below 84.50/$ for first time on dollar strength, outflows

The gains paused earlier in the week but restarted on Wednesday due to heightened geopolitical risks and after the Federal Reserve officials signalled caution on rate cuts

Rupee hits record low as US dollar climbs, portfolio outflows continue

Rupee weakened to 84.4975 per US dollar in early trading on Friday, eclipsing its previous all-time low of 84.4925 on Thursday

Rupee hits new low of 84.50/$ amid equity sell-off, geopolitical tension

Uncertainty around the US Federal Reserve's future rate trajectory further weighed on the local currency

Rupee turns flat at 84.42 against US dollar amid volatile crude prices

The rupee turned flat at 84.42 against the US dollar in early trade on Thursday amid volatile crude oil prices and lackluster sentiment in the domestic equity markets. A weaker American currency supported the local unit, but it was weighed down by the relentless outflow of foreign funds, forex traders said. At the interbank foreign exchange, the rupee opened at 84.41 and slipped further to 84.42 against the greenback, trading at its previous closing level in early deals. On Tuesday, the rupee settled flat at 84.42 against the US dollar. The foreign exchange market was closed on Wednesday due to assembly elections in Maharashtra. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.11 per cent at 106.49. Brent crude, the global oil benchmark, rose by 0.22 per cent to USD 72.97 per barrel in futures trade. On the domestic equity market front, Sensex was trading 398.45points, or 0.51 per cent lower, at 77,179.9

Rupee depreciates to new low of 84.42 per dollar amid geopolitical tensions

The previous low of Rs 84.41 per dollar was hit last Thursday. The local currency had settled at Rs 84.40 per dollar on Monday