Page 44 - Rupee Vs Dollar

Sensex drops 208 pts, Nifty below 18,300; metal, financial stocks weak

CLOSING BELL: Adani Enterprises fell over 6 per cent, while Adani Ports, Tata Motors, HDFC, HDFC Bank, ICICI Bank, Reliance Industries, HUL, and Asian Paints declined up to 2 per cent

Sensex, Nifty end flat; Adani shares rally for 3rd day, SpiceJet sinks 14%

Stock market live updates: The SGX Nifty, on Tuesday, indicated a firm start as it quoted 18,359 levels, up 24-odd points

IT stocks spark 234-pt rally in Sensex; Nifty tops 18,300; Adani Ent up 20%

Stock market live updates: The SGX Nifty, on Monday, signalled a muted start as it stood at 18,211 levels, down 28-odd points

Top headlines: G20 in J&K, RBI to meet PSB directors, $ at Rs 91 in Hawala

Business Standard brings you top news at this hour

Sensex recovers 800 pts from Friday's low; key reasons behind the rally

The S&P BSE Sensex recouped 817 points or 1.3 per cent from Friday's low to claim day's high of 61,832, whereas the NSE Nifty index recovered 224 points or 1.2 per cent to hit day's high of 18,279

Rupee appreciates by 8 paise to 81.70 against US dollar in early trade

The rupee gained 8 paise to 81.70 against the US dollar in early trade on Monday tracking the weakness of the American currency in the overseas market. Forex traders said significant foreign fund inflows and crude oil prices below USD 75 a barrel also supported the local unit. At the interbank foreign exchange, the domestic unit opened strong at 81.76 against the dollar and then rose to 81.70, registering a rise of 8 paise over its previous close. On Thursday, the rupee closed at 81.78 against the US currency. The forex market was shut on Friday on account of Buddha Purnima. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.07 per cent to 101.14. Brent crude futures, the global oil benchmark, advanced 0.07 per cent to USD 75.35 per barrel. Rupee is likely to remain range bound as RBI intervened from both sides, Finrex Treasury Advisors LLP Head of Treasury Anil Kumar Bhansali said. "Forex reserves moved towards USD 589

RBI likely buying dollars to prevent rupee appreciation, absorb inflows

Rupee was trading at 81.8275 per U.S. dollar, having reached 81.7325 earlier

Rupee appreciates by 10 paise to 81.72 against US dollar in early trade

The rupee gained 10 paise to 81.72 against the US dollar in early trade on Tuesday tracking a weak American currency and a firm trend in domestic equities. Forex traders said significant foreign fund inflows and crude oil prices below USD 80 a barrel also supported the local unit. At the interbank foreign exchange, the domestic unit opened at 81.75 against the dollar and then climbed to 81.72, registering a rise of 10 paise over its previous close. On Friday, the rupee closed at 81.82 against the US currency. Forex and equity markets were closed on Monday on account of 'Maharashtra Day'. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12 per cent to 102.03. Brent crude futures, the global oil benchmark, advanced 0.15 per cent to USD 79.43 per barrel. Forex traders said investors are waiting for cues from the paramount US FOMC meeting beginning later in the day. Market now awaits the Federal Open Market Committee (FOMC

Rupee continues to make gains against dollar for 2nd consecutive month

Rupee, after depreciating 11 per cent in 2022, has seen its fortune swinging in 2023 as it has gained 1.1 per cent against the dollar

India's forex reserves rise for second week, hit over 9-month high

The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak

Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high

The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak

Rupee gains 1 paisa to 82.16 against dollar as market sentiment improves

The rupee gained 1 paisa to 82.16 against the US dollar in early trade on Friday, tracking a weak greenback against major currencies and positive sentiment in the domestic equities market. Forex traders said downward movement of crude oil prices also supported the local unit. At the interbank foreign exchange, the domestic unit opened strong at 82.11 against the dollar and hit the lowest level of 82.17 before trading at 82.16, registering a rise of 1 paisa over its previous close. On Thursday, the rupee closed at 82.17 against the US currency. Participants were also cautious due to expectations of further interest rate hike by the US Federal Reserve and other central banks. "Upside hopes were abandoned as soon as USDINR turned below 82.2. Look for bounce back today as long as 81.97 holds, but the 82.4 objective now appears far. Towards this end, expect selling pressure on first entry into the 82.15-82.20 region," Anand James, Chief Market Strategist at Geojit Financial Services, s

Rupee rises 1 paisa to 82 against US dollar in Tuesday's early trade

The rupee appreciated 1 paisa to 82 against the US dollar in early trade on Tuesday, tracking a weak dollar and positive trend in domestic equities. Forex traders said the upward trend in crude prices and outflow of foreign funds from equities market restricted the gain in the local unit. At the interbank foreign exchange, the domestic unit opened at 81.99 against the dollar. It went as high as 81.96 and touched the lowest level of 82.02. Later, the rupee was trading at 82, registering a gain of 1 paisa over its previous close. On Monday, the rupee settled at 82.01 against the dollar. According to Anand James, Chief Market Strategist at Geojit Financial Services, the Indian currency may see a see-saw movement until it reaches the 81.76 level, indicating an upswing. "As long as dips do not extend past 81.80, expect upswings. It would however require consistent trades above 81.97 to confirm upside intention and set trajectory towards 82.07 first and then 82.4. "Alternatively, inab

Softer US dollar, better risk appetite push rupee to two-month high

The Indian unit has been gaining against the greenback and has appreciated 1.08 per cent in 2023

Rupee appreciates 18 paise to 81.93 against US dollar in early trade

The rupee gained 18 paise to 81.93 against the US dollar in early trade on Thursday tracking the broad weakness of the American currency in the overseas market. Forex traders said foreign fund inflows also supported the local unit. At the interbank foreign exchange, the domestic unit opened at 81.99 against the dollar, then climbed to 81.93, registering a rise of 18 paise over its previous close. On Wednesday, the rupee closed at 82.11 against the US currency. "Overall USDINR has strong support around 81.75-80 levels, as the RBI is intervening to protect from steep appreciation. Adding to it, the ongoing geopolitical concerns and Fed's hiking process are likely to weigh on investor sentiment and the USDINR could bounce back to 82.50-82.80 levels," CR Forex Advisors MD-Amit Pabari said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06 per cent to 101.55. Brent crude futures, the global oil benchmark, declined 0.22 per

Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%

CLOSING BELL: Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19

Bulls ride on bank stocks to end higher for 7th session; Sensex up 311 pts

CLOSING BELL: The Nifty50 added 98 points to end at 17,722 level

Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%

CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index

Rupee appreciates 24 paise to 81.78 against US dollar in early trade

The rupee gained 24 paise to 81.78 against the US dollar in early trade on Monday tracking a positive trend in domestic equities and foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 81.90 against the dollar, then climbed to 81.78, registering a rise of 24 paise over its previous close. On Thursday, the rupee closed at 82.02 against the US currency. On April 7, equity and forex markets were closed on account of Good Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 102.20. Brent crude futures, the global oil benchmark, declined 0.22 per cent to USD 84.93 per barrel. On the domestic side, the rupee remained largely unaffected after the Reserve Bank of India Monetary Policy Committee meeting. "The pause in the rate hike could further squeeze down the interest rate differential between the US and India and could put pressure on the rupee. Moreover, the market will .

Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump

CLOSING BELL: Shaktikanta Das said the move was only "a pause and not a pivot"