Page 48 - Rupee Vs Dollar

Sensex snaps 3-day winning run, sheds 317 pts; Banks, realty shares decline

CLOSING BELL: The NSE Nifty 50 slipped 92 points to settle at 17,944. L&T, Hero MotoCorp, UltraTech Cement bucked the trend, while Adani Group shares ended mixed on Friday.

RBI may be selling dollars in NDF to keep rupee above 83/USD: Bankers

The central bank's move to sell dollars in the NDF before the open was likely aimed at ensuring that rupee does not fall below 83, the bankers said

Rupee depreciates 8 paise to 82.78 against US dollar in early trade

The rupee depreciated 8 paise to 82.78 against the US dollar in early trade on Friday, weighed down by a strong American currency and a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.77 against the dollar, then fell further to 82.78, registering a decline of 8 paise over its last close. In the previous session on Thursday, the rupee settled at 82.70 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.40 per cent to 104.27. "The dollar index rose beyond 104 levels as the US Producer Price Index (PPI) came higher than expected taking US 10-year yields to 3.89 per cent," said Anil Kumar Bhansali, Head of Treasury Finrex Treasury Advisors LLP. According to him, the chances of the rupee breaking the 83 level is high if the dollar index rises further. Meanwhile, Brent crude futures, the global oil benchmark, declined 0.79 per cent to USD 84.47 per barrel. In th

Rupee up 21 paise to 82.62 against dollar amid firm trend in equity mkt

The rupee gained 21 paise to 82.62 against the US dollar in early trade on Thursday supported by broad dollar weakness and a firm trend in domestic equities. Forex traders said upbeat domestic trade deficit data and foreign fund inflows supported investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.72 against the dollar, then gained ground and touched 82.62, registering a rise of 21 paise over its previous close. On Wednesday, the rupee settled at 82.83 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 103.66. Brent crude futures, the global oil benchmark, rose 0.50 per cent to USD 85.81 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 391.48 points or 0.64 per cent higher at 61,666.57. The broader NSE Nifty advanced 113.90 points or 0.63 per cent to 18,129.75. India's trade deficit in January fell to a 12-month low of

Sensex jumps 243 pts on late buying, Nifty reclaims 18,000; RIL gains 2%

CLOSING BELL: The BSE Sensex gained more than 600 points from the day's low; Tech Mahindra, Bharti Airtel and auto shares were the other major gainers on Wednesday.

Rupee gains 13 paise to 82.57 against dollar as US currency retreats

The rupee gained 13 paise to 82.57 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels. Forex traders said a positive trend in domestic equities and fresh foreign fund inflows also supported investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.59 against the dollar, then gained ground and touched 82.57, registering a rise of 13 paise over its previous close. In initial trade, the rupee also touched a low of 82.61 against the American currency. On Monday, the rupee fell by 12 paise to close at 82.70 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 103.18. Brent crude futures, the global oil benchmark, declined 0.70 per cent to USD 86 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 315.74 points or 0.52 per cent higher at 60,747.58. The broader NSE Nifty advanced

Rupee depreciates 17 paise to 82.75 against US dollar in early trade

The rupee depreciated 17 paise to 82.75 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. Firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.68 against the dollar, then fell to 82.75, registering a decline of 17 paise over its last close. In the previous session on Friday, the rupee settled at 82.58 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 103.78. Brent crude futures, the global oil benchmark, declined 0.83 per cent to USD 85.67 per barrel. Forex traders said the rupee is likely to trade with a slight negative bias amid risk aversion in global markets. Moreover, a sharp pullback in crude oil prices and strong dollar on hawkish tone of Fed may also put pressure on the rupee. In the domestic equity mar

Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%

CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers

Sensex rises 142 pts in fag-end, Nifty near 17,900; broader indices fall

CLOSING BELL: Adani Enterprises, Adani Ports, Hero MotoCorp, Cipla, JSW Steel, Bharti Airtel, Sun Pharma, UPL, Ultratech Cement, HDFC, Bajaj Auto, and Tata Motors fell over half a per cent to 11%

Rupee falls 12 paise to 82.66 against dollar due to muted trend in equities

The rupee depreciated 12 paise to 82.66 against the US dollar in early trade on Thursday, weighed down by sustained foreign fund outflows and a muted trend in domestic equities. Firm crude oil prices and a strong American currency further dented investor sentiments, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.59 against the dollar, then fell to 82.66, registering a decline of 12 paise over its last close. In the previous session on Wednesday, the rupee appreciated 16 paise to close at 82.54 against the US dollar after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05 per cent to 103.36. Brent crude futures, the global oil benchmark, declined 0.01 per cent to USD 85.08 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 177.7 points or 0.29 per cent lower at 60,486.09. The br

Rupee likely to fall on hawkish Fed Reserve comments, higher oil prices

The non-deliverable forwards indicated the rupee would open around 82.60-82.62 per dollar, compared with the 82.4925 closing in the previous session

Sensex drops 221 pts day ahead of RBI decision; Adani Ent up 15%, Paytm 5%

CLOSING BELL: Adani Enterprises (up 15 per cent), Dr Reddy's Labs, Adani Ports, Kotak Bank, IndusInd Bank, Bajaj Finance, Bajaj Auto, ONGC, JSW Steel, and Eicher Motors led the recovery

Rupee falls 1% as robust US jobs data stokes Fed rate hike fears

Globally, investors fear that the US Fed will have to continue raising interest rates for longer than expected to cool labour markets and bring down inflation

Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%

CLOSING BELL: Among sectors, the Nifty Metal index fell 2.2 per cent, followed by the Nifty IT index (down 0.6 per cent), and the Nifty Bank index (down 0.3 per cent)

Rupee falls 42 paise to 82.50 to the dollar on back of domestic equities

The rupee depreciated 42 paise to 82.50 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. Sustained foreign fund outflows and firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.35 against the dollar, then fell to 82.50, registering a decline of 42 paise over its last close. In the previous session on Friday, the rupee settled at 82.08 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.17 per cent to 103.09. Brent crude futures, the global oil benchmark, advanced 0.25 per cent to USD 80.14 per barrel. The rupee started this Monday on a weaker note against the dollar after a better-than-expected US jobs report prompted investors to bet on more Federal Reserve rate increases, said Sriram Iyer, Senior Research Analyst at Relian

Rupee poised for muted opening on dollar recovery, equity outflows

The non-deliverable forwards indicated an opening of around 82.12-82.20 for the rupee versus the dollar compared with 82.1725 in the previous session

Rupee closes at 82.20 against US dollar amid foreign fund outflows

The rupee fell 40 paise to close below the 82 per US dollar mark on Thursday, weighed down by foreign fund outflows and corporate dollar demand. At the interbank foreign exchange market, the rupee opened at 81.81 against the greenback, and touched an intra-day high of 81.71 and a low of 82.20. It finally settled at 82.20 (provisional), down 40 paise over its previous close. On Wednesday, the rupee had appreciated 8 paise to close at 81.80 against the dollar after Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.12 per cent lower at 101.10, after the US Fed hiked the interest rate along expected lines by 25 basis points to 4.50-4.75 per cent. Global oil benchmark Brent crude futures declined 0.14 per cent to USD 82.72 per barrel. "The Indian rupee became the worst performer among Asian currencies amid foreign fund outflows and corporate dollar demand

Rupee likely to open higher after Fed rate hike, local equities in focus

Rupee likely to open higher after Fed rate hike, local equities in focus

Rupee gains 12 paise to 81.76 against US dollar ahead of Union Budget

The rupee opened on a positive note and gained 12 paise to 81.76 against the US dollar in early trade on Wednesday ahead of the Union Budget presentation. At the interbank foreign exchange, the domestic unit opened at 81.76 against the dollar, registering a rise of 12 paise over its previous close. On Tuesday, the rupee depreciated by 36 paise to close at a three-week low of 81.88 against the US dollar after the Economic Survey 2022-23 said the domestic unit may remain under pressure on account of plateauing of exports and subsequent widening of the current account deficit. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 102.08. Brent crude futures, the global oil benchmark, declined 0.48 per cent to USD 84.49 per barrel. The focus now will be on the government's fiscal consolidation path when it presents the Union Budget FY24. Investors will also eye the outcome from the Fed meeting later in the evening,

Rupee poised to inch up on fall in US yields; budget, Fed outcome eyed

The rupee is expected at around 81.75-81.80 per U.S. dollar at open, compared with 81.92 in the previous session