Page 43 - Rupee Vs Dollar

Rupee appreciates 21 paise to 82.38 against US dollar in early trade

The rupee gained 21 paise to 82.38 against the US dollar in early trade on Tuesday supported by a bullish trend in domestic markets and steady foreign fund inflows. However, a surge in crude oil prices capped sharp gains for the local unit, forex traders said. At the interbank foreign exchange, the domestic unit opened at 82.42, then touched a high of 82.38 against the American currency, registering a rise of 21 paise over its last close. On Monday, the rupee had settled at 82.59 against the dollar. Softness in the US dollar and sustained FII inflows supported the rupee, forex traders said adding that the strength in crude oil prices remains a concern for the rupee, as a sharp surge in prices could limit its gains. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 101.81. Brent crude futures, the global oil benchmark, rose 0.54 per cent to USD 78.11 per barrel. "Markets now brace for a slew of inflation data later i

Rupee hits six-week low against US dollar, loses 1% against greenback

Stronger-than-expected job data firmed up expectation of further interest rate hike by the US Federal Reserve

Rupee up 4 paise at 81.87 against dollar on bullish trend in domestic mkt

The rupee gained 4 paise to 81.87 against the US dollar in early trade on Tuesday supported by a bullish trend in domestic markets and steady foreign fund inflows. However, a strong US dollar and surge in crude oil prices capped sharp gains for the local unit, forex traders said. At the interbank foreign exchange, the domestic unit opened at 81.90 against the dollar and then rose to 81.87, registering a gain of 4 paise over its previous close, as benchmark indices touched all-time highs. In initial trade, the rupee also touched a low of 81.95 against the American currency. On Monday, the rupee closed at 81.91 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 103.01. Brent crude futures, the global oil benchmark, advanced 0.63 per cent to USD 75.12 per barrel. Traders further said the rupee's direction will likely be influenced by the release of the Federal Open Market Committee (F

Rupee appreciates 33 paise to 81.77 against US dollar in early trade

The rupee gained 33 paise to 81.77 against the US dollar in early trade on Monday supported by sustained foreign fund inflows and bullish momentum in domestic equities as benchmark indices touched all-time highs. At the interbank foreign exchange, the domestic unit opened at 82.01 against the dollar and then rose to 81.77, registering a gain of 33 paise over its previous close. On Friday, the rupee closed at 82.10 against the US currency. Forex traders said the rupee is trading on a positive note on significant foreign fund inflows and positive macro economic indicators. According to Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP, the rupee is likely to trade in the range of 81.90 to 82.20 during the day. "... Rupee looks to remain in the above range as Macro data from India comes out much better than most other countries. The GST figures, the core sector growth were all better than expected," Bhansali said. Foreign Portfolio Investor

Fresh records on D-St! Sensex ends atop 64,700, up 803 pts; leaps 10% in Q1

CLOSING BELL ON JUNE 30, 2023: The NSE Nifty 50 was up 217 points on Friday. While the NSE benchmark ended 3.5 per cent higher in June, the index registered a 10.5 per cent gain for Q1FY24.

Indian rupee may struggle on more Fed rate hike bets, US yields surge

Non-deliverable forwards indicate rupee will open at around 82.08 to the US dollar compared with 82.0550 in the previous session

HDFC merger boost lifts Sensex 446 pts; Nifty ends atop 18,800; VIX down 6%

CLOSING BELL ON JUNE 27, 2023: HDFC-HDFC Bank set July 01 as the merger date; stocks end with gains of around 1.5 per cent each. Cyient DLM IPO sails through on Day 1, subscribed 1.9x as of 3:50 PM.

Auto, Pharma stocks shine in lacklustre trade; IdeaForge IPO subscribed 3x

CLOSING BELL ON JUNE 26, 2023: The Sensex ended on a flat note, down 9 points, while the NSE Nifty 50 gained 26 points in trade on Monday.

Rupee trades almost flat at 81.95 against US dollar in early trade

The rupee traded almost flat at 81.95 against the US currency in the opening trade on Monday amid gains in local stocks and losses in the dollar against major rivals in global markets. The domestic currency opened lower by 4 paise at 82.00 against the dollar at the interbank foreign exchange market. The currency moved in a narrow range before trading at 81.95 against the greenback, appreciating just 1 paisa compared to the closing level of 81.96 on Friday. The dollar index, which gauges the greenback's strength against a basket of six currencies, eased 0.16 per cent to 102.73. Crude oil price benchmark Brent crude was up 0.19 per cent to USD 73.99 per barrel. In the domestic equity market, the 30-share BSE Sensex rose 105.07 points or 0.17 per cent to 63,084.44 points and the broader Nifty gained 49.15 points to 18,714.65 points in early trade. Foreign Portfolio Investors (FPIs) were net sellers in the capital market on Friday as they offloaded shares worth Rs 344.81 crore, accord

Corporate dollar inflows boost rupee to a one-month high; gains 27 paisa

The Reserve Bank of India (RBI) has been active in the foreign exchange market in recent times and mopped up dollars to boost its foreign exchange reserves

Rupee appreciates by 7 paise to 82.40 against US dollar in early trade

The rupee gained 7 paise to 82.40 against the US dollar in early trade on Monday amid easing crude oil prices and a positive trend in domestic equities. At the interbank foreign exchange, the rupee opened at 82.45 against the dollar, then rose to 82.40, registering a gain of 7 paise over its previous close. On Friday, the rupee closed at 82.47 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 103.62. Brent crude futures, the global oil benchmark, declined 1.12 per cent to USD 73.95 per barrel. "A huge week is setting up on the macroeconomic front, with the Federal Reserve and the European Central Bank both scheduled to decide on interest rates and update on monetary policy amid persistent inflation," Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP, said. Bhansali further added that rupee will continue to trade in the small range as the Reserve Bank is protecti

Sensex dips for 2nd day, falls 223pts; Nifty gives up 18,600; IEX tanks 10%

CLOSING BELL, JUNE 9, 2023: Tata Steel, HUL, State Bank of India (SBI), Infosys, HCL Tech, Asian Paints, ITC, TCS, and RIL were the top laggards

Sensex sinks 294 pts as RBI keeps repo rate unchanged, Nifty nears 18,600

Stock market live updates: Ahead of the Reserve Bank of India's (RBI) monetary policy outcome, the SGX Nifty, on Thursday indicated a flat start to the bourses, quoting 18,823 levels

Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying

Stock market live updates: The SGX Nifty signaled a firm start on Wednesday as it rose over 50 points to 18,745 levels

Sensex, Nifty stage smart recovery in fag-end; IT stocks weak, auto rally

Stock market live updates: Tracking weak global handover, the SGX Nifty, on Tuesday, indicated a subdued start as it quoted 18,694 levels, down 31-odd points

Rupee drops 37 paise against US dollar ahead of June monetary policy meet

The dollar index gained strength on Monday and most Asian currencies weakened against the dollar

Rupee set to touch 83-per US dollar mark if RBI remains on hold this week

Thursday's policy review will help shape the rupee's fortunes, with traders expecting little reprieve after the currency fell under the weight of a stronger greenback in May

Rupee appreciates by 33 paise to close at 82.42 against US dollar

The rupee appreciated by 33 paise to close at 82.42 (provisional) against the US dollar on Thursday, as positive macroeconomic data strengthened investor sentiments. At the interbank foreign exchange market, the local unit opened at 82.54 against the US dollar and settled at 82.42 (provisional), up 33 paise over its previous close amid sustained foreign fund inflows. During the day, the domestic unit witnessed an intra-day high of 82.36 and a low of 82.54. On Wednesday, the rupee closed at 82.75 against the US currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.20 per cent to 104.12. Global oil benchmark Brent crude futures advanced 0.17 per cent to USD 72.72 per barrel. "The Indian rupee strengthened amid stellar economic data and foreign fund inflows. It has clocked the best single-day gain in almost two months following dollar inflows and lower commodity prices," Dilip Parmar, Research Analyst, HDFC Securities said. For

Sensex zooms 629 pts, Nifty ends at 18,500; RIL, Sun Pharma jump up to 3%

Stock market live updates: The SGX Nifty, on Friday, indicated a muted open for benchmark indices as it stood around 18,423 levels, down 43-odd points, amidst mixed sentiments across global markets

Nifty ends May F&O series above 18,300; Sensex gains 99 points

Stock market live updates: The SGX Nifty, on Thursday, signaled at negative start for the bourses as it stood around 18,270 levels, down 14-odd points