Page 59 - Rupee Vs Dollar

Rupee hits new low vs USD on hawkish Fed; poll shows currency at 81 by Dec

Suffers steepest one-day fall since Ukraine war; poll shows rupee at 81 by Dec

Depreciating rupee not likely to cause fiscal slippage, say experts

Petroleum, fertiliser imports to become expensive, subsidy bill set to rise

India Inc braces for impact of rupee fall, rushes to take forward cover

In the short and medium term, chief financial officers are advising companies to take the right kind of derivatives products depending on their exposure

Surge in import cost may negate positive impact of rupee fall: Experts

According to an analysis done by FIEO, the rupee has depreciated by 8.1 per cent till September 7, 2022 since the same point last year

Top headlines: Fortis shares tank on SC verdict; Rupee hits new low

The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session

Amid Fed rate hike Centre not averse to weaker rupee vs US dollar: Report

The comments come against the backdrop of aggressive rate hikes from the US Federal Reserve, which raised rates by 75 basis points overnight, vowing to battle to beat down inflation.

Indian rupee tipped to fall further after reaching record low: Analysts

The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation

Rupee sheds 0.3% as US dollar soars ahead of Fed's policy statement

Putin's call for partial mobilisation hits risk appetite in currency market

Rupee gains in-line with equities, rises 16 paise to 79.65 against dollar

The rupee appreciated 16 paise to 79.65 against the US dollar in early trade on Tuesday in line with a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.65, registering a gain of 16 paise over its previous close. On Monday, the rupee settled 3 paise lower at 79.81 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 109.57. Brent crude futures, the global oil benchmark, rose 0.11 per cent to USD 92.10 per barrel. "Markets were awaiting the US Fed's decision as the two-day meeting starts on Tuesday. A few players expected the US FED to not sound too hawkish lest it hampers the US growth expectations," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. The Reserve Bank of India will have its Monetary Policy Committee (MPC) meeting between September 28-30, and the outcome will be announced on t

Strong dollar vs foreign inflows: Rupee in fine balance ahead of Fed meet

Analysts expect rupee to trade in the range of 78-80 per dollar, for now

RBI net-sold $19.05 billion in forex market in July to protect rupee

RBI's forward purchases fell $9 bln in July as interventions spread across spot, forwards

Banks seek clarity on 'grey areas' from RBI on Rupee Vostro accounts

India has stepped up its purchase of cheaper Russian crude despite international opposition and sanctions. New Delhi is looking to settle this trade in rupees to continue with its purchases

Bond yields rise 8 bps, as OIS rates surge on US inflation data

The rupee weakened versus the dollar as the market braced for a possible 100-basis-point rate hike by the Federal Reserve next week following a higher-than-expected inflation print in the US

Fed-induced market volatility could spur demand for gold: Experts

Use current correction to build a 10-15% allocation to yellow metal

Rupee rises 5 paise to 79.47 against US dollar amid rate hike concerns

The rupee witnessed a range-bound trading in early trade on Thursday as a firm American currency and concerns about hawkish US Fed offset the support from positive domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.53 against the dollar, then touched 79.47 in initial deals, registering a gain of 5 paise over its previous close. On Wednesday, the rupee declined by 35 paise to close at 79.52 against the US currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06 per cent to 109.72. Brent crude futures, the global oil benchmark, fell 0.11 per cent to USD 94 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 275.51 points or 0.46 per cent up at 60,622.48. Similarly, the broader NSE Nifty rose 36.15 points or 0.2 per cent to 18,039.90. Foreign Institutional Investors (FIIs) were net sellers in the capital markets, as they offloaded shares worth Rs 1,397.51 crore on ...

Rupee slides as US CPI data stokes speculation of 100 bps Fed hike

Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors

Rupee doesn't need defending, it can take care of itself: CEA Nageswaran

Nageswaran said while international agencies were showing India's trend growth at 6%, the country could easily grow at 7% per annum for the rest of the current decade and beyond

Bond yields drop, rupee logs biggest single-day gain since July 27

The rise in bond prices came despite an increase in India's consumer price index inflation, which strengthens the case for the Reserve Bank of India to continue tightening monetary policy

Rupee depreciates by 10 paise to 79.67 against US dollar in early trade

The rupee depreciated by 10 paise to 79.67 against the US dollar in opening trade on Monday, even as the equity market opened on a positive note. At the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close. In initial deals, the local unit also touched 79.64 against the dollar. On Friday, the rupee appreciated by 12 paise to close at 79.57 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.23 per cent to 108.75. The global oil benchmark Brent crude futures fell 1.49 per cent to USD 91.46 per barrel. "Markets now await India's August inflation data, which is likely to trend higher to 6.90 per cent from 6.71 per cent in July, as per a poll, adding pressure on RBI to hike interest rates more aggressively in coming months," said Sriram Iyer, Senior Research Analyst at Reliance Securities. The

Rupee rises 23 paise to close at 79.72 vs dollar amid easing crude prices

The rupee appreciated 23 paise to close at 79.72 (provisional) against the US dollar on Thursday amid easing crude oil prices and a firm trend in domestic equities. At the interbank forex market, the local unit opened at 79.72 against the greenback. It witnessed an intra-day high of 79.65 and a low of 79.83 during the session. It finally ended at 79.72, up 23 paise from its previous close of 79.72. The dollar index, which measures the greenback's strength against a basket of six currencies, fell 0.11 per cent to 109.72. Brent crude futures, the global oil benchmark, fell 0.60 per cent to USD 87.47 per barrel. On the domestic equity market front, the BSE Sensex ended 659.31 points or 1.12 per cent higher at 59,688.22, while the broader NSE Nifty gained 174.35 points or 0.99 per cent to 17,798.75. Foreign institutional investors (FIIs) remained net buyers in the capital markets as they purchased shares worth Rs 758.37 crore on Wednesday, according to provisional data.