Page 50 - Rupee Vs Dollar

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

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

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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