Page 55 - Rupee Vs Dollar

Rupee appreciates 25 paise to 82.63 against US dollar as it retreats

The rupee appreciated 25 paise to 82.63 against the US dollar in early trade on Friday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 82.85 against the dollar, then gained ground to touch 82.63, registering a rise of 25 paise over its previous close. On Thursday, the rupee settled 8 paise lower at 82.88 against the US dollar. Rupee was under pressure through Thursday's session on broad dollar strength. There is, however, some respite overnight, IFA Global Research Academy said in a note. "We expect it to trade in a 82.50-82.80 range with sideways price action," it added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.22 per cent to 112.67. Brent crude futures, the global oil benchmark, advanced 0.75 per cent to USD 95.38 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 9.85 points or 0.02 per cent higher at 60,84

Ahead of US Fed policy decision, rupee closes at 82.78 against dollar

The rupee depreciated 19 paise to close at 82.78 (provisional) against the US dollar on Wednesday, tracking a muted trend in domestic equities ahead of the release of the US Fed's policy statement. At the interbank foreign exchange market, the local unit opened at 82.64 and witnessed a high of 82.62 and a low of 82.81. It finally settled at 82.78 against the American currency, registering a fall of 19 paise over its last close of 82.59. "Rupee consolidated in a narrow range ahead of the important events that are lined up today and tomorrow," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. The focus will be on the Federal Open Market Committee (FOMC) policy statement on Wednesday, which is likely to trigger volatility for the greenback. The RBI's rate-setting panel will be meeting on Thursday to discuss and formulate a response to the government for a failure to meet the inflation target. Its reply will focus on the reasons that led to inflation ..

Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision

Market Wrap: Bharti Airtel, Maruti, HCL Technologies and Hindustan Unilever were the prominent losers, while ITC and Sun Pharma finished with steady gains.

Rupee falls 12 paise against dollar amid muted trend in domestic equities

The rupee depreciated 12 paise to 82.71 against the US dollar in morning trade on Wednesday amid a muted trend in domestic equities. Forex traders said the rupee opened on a flat note ahead of the US Federal Reserve's much-awaited monetary policy decision later in the day. At the interbank foreign exchange, the domestic unit opened at 82.64 against the dollar, then lost further ground to quote at 82.71, registering a loss of 12 paise over its previous close. In initial trade, the local unit also touched 82.62 against the American currency. On Tuesday, the rupee settled at 82.59 against the dollar. According to Sriram Iyer, Senior Research Analyst at Reliance Securities, on Wednesday, the rupee started on a flat note and Asian and emerging market peers began mixed ahead of the US Fed's monetary policy decision. With the Fed widely expected to deliver its fourth straight 75 basis points rate hike, the key will be hints from Fed Chair Jerome Powell on the path forward, Iyer ...

India's forex reserves to fall another $15 billion by end-2022: Report

India's forex reserves were forecast to fall to $510 billion from around $525 billion by the end of this year, the Oct

Rupee gains 10 paise to close at 82.71 against US dollar as it retreats

The rupee appreciated 10 paise to close at 82.71 (provisional) against the US dollar on Tuesday, as the greenback retreated from its elevated levels. At the interbank foreign exchange market, the local currency opened at 82.74 and witnessed a high of 82.59 and a low of 82.79. It finally settled at 82.71 against the American currency, registering a rise of 10 paise over its previous close amid a positive trend in domestic equities. On Monday, the rupee had settled 34 paise lower at 82.81. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.49 per cent to 110.98. Global oil benchmark Brent crude futures rose 1.42 per cent to USD 94.13 per barrel. "Rupee consolidated in a narrow range ahead of the important events that are lined up," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. For the first time since the implementation of the monetary policy framework in 2016, the Reserve Bank will ..

Rupee pares initial gains, falls 31 paise to close at 82.78 against dollar

The rupee pared its initial gains and settled 31 paise lower at 82.78 (provisional) against the US dollar on Monday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 82.35 and witnessed a high of 82.32 and a low of 82.80. It finally settled at 82.78 against the American currency, registering a fall of 31 paise over its last close of 82.47. The Indian rupee depreciated on Monday amid strength in the US dollar. However, positive domestic equities and weak crude oil prices cushioned the downside, said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas. Moreover, inflows by foreign investors supported the rupee at lower levels. "We expect the rupee to trade with a negative bias amid strong US dollar amid increasing odds of an aggressive rate hike by the Fed on Wednesday. Some recovery in crude oil prices may also weigh on Rupee," Choudhary added. Traders may remain cautious ahead of ..

Statsguru: Six charts show India's declining foreign exchange reserves

RBI has scheduled an off-cycle meeting for November 3

Rupee gains 4 paise to 82.29 against US dollar tracking gains in equities

The rupee appreciated 4 paise to 82.29 against the US dollar in early trade on Friday, supported by a weak greenback in the overseas market and positive domestic equities. Fresh foreign capital infusion in capital markets also strengthened sentiment, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.39 against the dollar, then gained ground to quote at 82.29, registering a rise of 4 paise over its previous close. The domestic unit was moving in a tight range of 82.39-82.29 in early deals. In the previous session on Thursday, the rupee jumped 48 paise to close at 82.33 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.23 per cent to 110.35. In the domestic equity market, the 30-share BSE Sensex was trading 220.59 points or 0.37 per cent higher at 59,977.43. Similarly, the broader NSE Nifty rose 60.50 points or 0.34 per cent to 17,797.45. Foreign Institutional Investors

Political currency or divine help?

Economic debates should be informed. Changing the currency notes or printing images of Lord Ganesh and Goddess Lakshmi on them will not help

Rupee rises 7 paise to close at 82.81 to dollar amid easing crude prices

The rupee appreciated 7 paise to close at 82.81 (provisional) against the US dollar on Tuesday, as easing crude oil prices buoyed investor sentiments. At the interbank foreign exchange market, the local currency opened at 82.71 and witnessed a high of 82.62 and a low of 82.81. It finally settled at 82.81 against the American currency, registering a rise of 7 paise over its previous close. In the previous session on Friday, the rupee had slipped 9 paise to close at 82.88 against the dollar. The forex market was closed on Monday on account of Diwali. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was quoted at 111.98. Global oil benchmark Brent crude futures fell 1.59 per cent to USD 91.78 per barrel. On the domestic equity market front, the 30-share BSE Sensex fell 287.70 points or 0.48 per cent to end at 59,543.96, while the broader NSE Nifty declined 74.40 points or 0.42 per cent to 17,656.35. Foreign Institutional Invest

Rupee gains 26 paise against US dollar tracking positive trend in equities

The rupee appreciated 26 paise to 82.62 against the US dollar in early trade on Tuesday tracking a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 82.71 against the dollar, then gained some ground to quote at 82.62, a gain of 26 paise over its previous close. In the previous session on Friday, the rupee slipped 9 paise to close at 82.88 against the dollar. The forex market was closed on Monday on account of Diwali. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.12 per cent to 111.85. Brent crude futures, the global oil benchmark, rose 0.28 per cent to USD 93.52 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 51.96 points or 0.09 per cent higher at 59,883.62. Similarly, the broader NSE Nifty rose 23.80 points or 0.13 per cent to 17,754.55. Foreign Institutional Investors (FIIs) were net sellers in the capital markets as they offloaded shares wo

Rupee weakens nearly 10% by end of Samvat 2078 on global pressures

A weakening bias in the rupee continued in October with foreign portfolio investment outflows, pushing it above 82 levels

Rupee falls 9 paise to close at 82.88 against dollar amid strong greenback

The rupee slipped 9 paise to close at 82.88 against the US dollar on Friday amid a strong greenback overseas. At the interbank foreign exchange market, the local currency opened at 82.89 and witnessed a high of 82.59 and a low of 82.91. It finally settled at 82.88 against the American currency, registering a drop of 9 paise over its previous close. On Thursday, the rupee had rebounded from its lifetime low to close 21 paise higher at 82.79. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.47 per cent to 113.41. Global oil benchmark Brent crude futures fell 0.11 per cent to USD 92.28 per barrel. On the domestic equity market front, the 30-share BSE Sensex rose 104.25 points or 0.18 per cent to end at 59,307.15, while the broader NSE Nifty advanced 12.35 points or 0.07 per cent to 17,576.30. Foreign Institutional Investors (FIIs) were net buyers in the capital markets as they purchased shares worth Rs 1,864.79 crore

Rupee falls 12 paise to 82.91 against dollar as US currency firm in markets

The rupee depreciated 12 paise to 82.91 against the US dollar in morning trade on Friday tracking a firm American currency in the overseas market. At the interbank foreign exchange, the domestic unit opened at 82.89 against the dollar, then lost further ground to 82.91, registering a loss of 12 paise over its previous close. The local unit also touched 82.75 against the American currency in initial deals. On Thursday, the rupee rebounded from its lifetime low to close 21 paise higher at 82.79 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 113. The rupee which closed at 82.79 against the dollar opened slightly weaker. On Thursday, the RBI intervened by selling more than a billion dollars and the rupee gained from a low of 83.23 to 82.70, said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. The dollar index and oil were flat at 113 and USD 92.30 per barrel, respecti

RBI intervenes to claw rupee back from fresh intraday low vs dollar

Central bank may have sold around $1 billion in Fx market on Thursday

Rupee to drop further to 84.50 against dollar by year-end: Poll

The Indian rupee will fall further against the US dollar over the rest of the year, a Reuters poll on Thursday showed, setting up the currency for its steepest annual decline in at least nine years

Rupee at fresh low as Fed rate hike fears intensify, dollar strengthens

RBI not yet seen intervening heavily for the rupee, expected to step in around 83.40/$1 mark

Rupee hits record low of 83.06 in opening trade against US dollar

The rupee depreciated 6 paise to a record low of 83.06 against the US dollar in opening trade on Thursday due to a stronger greenback overseas and unrelenting foreign fund outflows. Besides, a sell-off in domestic equities and risk-averse sentiments weighed on the local unit, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 83.05 against the dollar, then slipped further to quote 83.06, a fall of 6 paise over its previous close. The local currency also hit a high of 83.07 in early deals. In the previous session on Wednesday, the rupee plunged 60 paise to end at 83 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 113.06. Brent crude futures, the global oil benchmark, slipped 0.17 per cent to USD 92.25 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 140.09 points or 0.24 per cent lower at 58,967.10. Similarly, the broader NSE Nift

Rupee declines 0.8%, closes at fresh all-time low of 83 vs US dollar

Analysts say RBI is allowing the depreciation amid wider CAD and higher US interest rates