Page 49 - Rupee Vs Dollar

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

Rupee depreciates by 41 paise to close at 81.93 against US dollar

The rupee depreciated by 41 paise to close at 81.93 (provisional) against the US dollar on Tuesday after the Economic Survey 2022-23 said the domestic unit may remain under pressure on account of plateauing of exports and subsequent widening of current account deficit. Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiment. At the interbank foreign exchange, the domestic unit opened weak at 81.61 against the dollar, and lost further ground to fall below the 82 per US dollar level. The rupee finally ended at 81.93, registering a decline of 41 paise over its last close. During the session, the local unit witnessed an intra-day high of 81.58 and a low of 82.07 against the US dollar. In the previous session on Monday, the rupee settled at 81.52 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.15 per cent to 102.43. Brent cr

Burgeronomics: Big Mac index suggests rupee is undervalued by over 40%

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Rupee closes at 81.53 against US dollar amid heavy selling pressure

The rupee appreciated 8 paise to close at 81.53 (provisional) against the US dollar on Friday amid a firm American currency against major rivals overseas. However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said. At the interbank foreign exchange market, the rupee opened stronger at 81.51 to a dollar. The local unit moved in the range of 81.50 to 81.67 during the day. It finally settled at 81.53, a rise of 8 paise against the previous close of 81.61. On Wednesday, the rupee had slipped 2 paise against the US dollar. The currency markets were closed on Thursday on account of Republic Day. Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02 per cent to 101.82 after positive macroeconomic data released by the US government on Thursday. Brent crude was trading 1.19 per cent higher at USD 88.51 per barrel. On the dome

Rupee appreciates by 9 paise to 81.52 against US dollar in opening trade

The rupee appreciated by 9 paise to 81.52 against the US currency in early trade on Friday as crude oil prices were little changed ahead of the oil cartel OPEC's meeting. Expectations of FII inflows into Rs 20,000 crore FPO of Adani Enterprises also bolstered the local currency. At the interbank foreign exchange market, the rupee opened higher at 81.51 against the previous close of 81.61 on Wednesday. The money markets were closed on Thursday for the Republic Day holiday. The rupee moved in a range of 81.50 to 81.58 in early trade. It was trading at 81.52 to a dollar at 0940 hours. Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, edged up 0.08 per cent to 101.92. Brent crude was trading 0.34 per cent higher at USD 87.77 per barrel. The Joint Ministerial Monitoring Committee of OPEC will meet next week to take a call on the output and full meeting of the cartel and allies. Also, the 20,000 crore FPO of Adani Enterprises op

Rupee closes at 81.70 against dollar amid unabated foreign fund outflow

The rupee fell 28 paise to close as 81.70 (provisional) against the US dollar on Tuesday as unabated foreign fund outflow hit market sentiments. However, a weak dollar and fall in crude prices capped the losses in the local currency, forex traders said. At the interbank foreign exchange market, the rupee opened lower at 81.61 to a dollar against the previous close of 81.42. The local unit moved in a range of 81.43 to 81.76 during the day. On Monday, the rupee had declined by 25 paise to close at 81.42 against the US dollar. Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.01 per cent to 102.15 amid concerns over US economic growth. The Brent crude was trading 0.41 per cent lower at USD 87.83 per barrel. On the domestic equity market front, the 30-share BSE Sensex ended almost flat at 60,978.75, up 37.08 points or 0.06 per cent. The broader NSE Nifty inched up 0.25 points to 18,118.30. Foreign Institutional Inve

Rupee falls 26 paise to 81.68 against dollar amid rise in forex outflows

Early gains in domestic equity markets and a weak dollar against world currencies, however, restricted the rupee's losses

After breaching 81 vs USD, rupee weakens as importers purchase greenback

The domestic currency closed at 81.39 per dollar on Monday, against 81.13 per dollar on Friday

Rupee falls 21 paise to 81.38 against US dollar amid rise in crude prices

The rupee fell 21 paise to close as 81.38 (provisional) against the US dollar on Monday amid rise in crude prices. However, strong sentiment at domestic equities market and a weak dollar restricted the fall of the local currency, forex traders said. At the interbank foreign exchange market, the rupee opened stronger at 80.92 to a dollar against the previous close of 81.17. The local unit moved in a range of 81.47 to 80.93 during the day. On Friday, the rupee had appreciated by 19 paise to close at 81.17 against the US dollar. Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.35 per cent to 101.66 amid concerns over US economic growth. The Brent crude rose 0.26 per cent to USD 87.86 per barrel. On the domestic equity market front, the 30-share BSE Sensex rose by 319.90 points or 0.53 per cent to 60,941.67, while the broader NSE Nifty gained 90.90 points or 0.5 per cent to settle at 18,118.55. Foreign Institutional

Rupee may firm past 81 per dollar, bond yields to edge up ahead of Budget

The rupee rose for a second straight week, gaining 0.25% over last week to end at 81.12 per dollar on Jan. 20, as the greenback slid on soft US data

Rupee closes at 81.18 against US dollar amid surge in crude oil prices

The rupee appreciated 18 paise to close at 81.18 (provisional) against the US dollar on Friday on broad dollar weakness. However, weak domestic equities and a surge in crude oil prices capped sharp gains for the local currency, forex traders said. At the interbank foreign exchange market, the local unit opened strong at 81.24, and settled for the day at 81.18 (provisional), registering a rise of 18 paise over its previous close. During the trading session, the local unit witnessed an intra-day high of 81.09 and a low of 81.28 against the American currency. On Thursday, the rupee closed at 81.36 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.21 per cent to 102.26. Global oil benchmark Brent crude futures rose 0.48 per cent to USD 86.57 per barrel. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee appreciated on Friday on soft US dollar and FII inflows on ...

Rupee up briefly, searches for direction around familiar resistance level

The Indian rupee briefly rose against the dollar above a level that's being closely watched by traders, but was unable to pierce it convincingly

Rupee closes at 81.37 against dollar amid muted trend in domestic equities

In the previous session on Wednesday, the rupee had settled at 81.30 against the US dollar

Rupee opens at 81.45 per dollar as growth fears hit risk sentiment

The local currency on Tuesday climbed 0.6%, likely helped by dollar debt inflows, according to traders

Rupee snaps 3-day declining streak, rises 28 paise to 81.41 against dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.45 per cent to 101.93