Persistent foreign capital outflows also dented investor sentiment, forex traders said
The rupee appreciated by 15 paise to close at 76.15 (provisional) against the US dollar on Thursday amid a weak greenback overseas and a rally in domestic equities. However, surging crude prices and persistent foreign fund outflows capped the gains, forex traders said. At the interbank forex market, the rupee opened slightly higher at 76.28 against the greenback and moved in a range of 76.36 to 76.09. It finally settled at 76.15, higher by 15 paise over its previous close of 76.30. On the domestic equity market front, the BSE Sensex ended 874.18 points or 1.53 per cent higher at 57,911.68, while the broader NSE Nifty jumped 256.05 points or 1.49 per cent to 17,392.60. Brent crude futures, the global oil benchmark, rose 1.02 per cent to USD 107.89 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.43 per cent to 99.98. Foreign institutional investors were net sellers in the capital market on Wednesday as they offloade
Unabated foreign fund outflows and fluctuations in international crude prices weighed on investor sentiments, forex traders said
The rupee appreciated 19 paise to 76.31 against the US dollar in opening trade on Wednesday, tracking positive trends among Asian and emerging market currencies
The rupee depreciated for the fourth straight day, during which it has lost 38 paise against the American currency
On Tuesday, the yield on the 10-year benchmark government bond advanced 5 basis points (bps) to close the day at 7.19 % - close to a three-year high
The rupee started on a flat note on Tuesday tracking the strength of the dollar in the overseas market and elevated crude oil prices.
The forex market was closed on Friday for the annual account closing of banks
The rupee depreciated 6.27% in the financial year 2013-14 when investors pulled out of emerging markets after the US Fed under Ben Barnanke spoke of possible financial tightening
At the interbank forex market, the local unit opened at 75.67 against the greenback and witnessed an intra-day high of 75.66 and a low of 75.83
The rupee advanced 23 paise to 75.67 against the US dollar in the opening trade on Thursday, supported by positive domestic equities and a fall in crude oil prices.
The local unit finally settled at 75.94 against the dollar, down 21 paise from the previous close
The rupee appreciated 4 paise to 75.69 against the US dollar in the opening trade on Wednesday, following a rally in domestic equities amid hopes of a breakthrough in Russia-Ukraine talks. A weak American currency in the international market also helped the local unit, forex traders said. However, surging global crude prices restricted the gains of the domestic currency, they added. At the interbank foreign exchange, the rupee opened strong at 75.65 against the US dollar but lost some ground to quote at 75.69, a rise of 4 paise over the last close. It was moving in a close range of 75.69 and 75.62 in the morning trade. In the previous session, the rupee had settled at 75.73 against the greenback. Meanwhile, global oil benchmark Brent crude futures surged 1.02 per cent to USD 111.35 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.24 per cent to 98.20. On the domestic equity market front, the 30-share Sensex was tr
If the terms of trade shock persist, the rupee will have to be a key part of the needed macro adjustment
Brent crude futures, the global oil benchmark, rose 0.60 per cent to USD 113.15 per barrel
The rupee appreciated 23 paise to 75.93 against the US dollar in the opening trade on Tuesday, following a positive trend in domestic equities amid softening global crude oil prices.
At the interbank forex market, the local unit opened at 76.15 against the greenback and witnessed an intra-day high of 76.12 and a low of 76.29
The rupee advanced 18 paise to 76.15 against the US dollar in the opening trade on Friday, tracking the weakness of the American currency in the overseas market.
The rupee was trading in a narrow range in morning trade on Thursday as elevated crude oil prices negated the impact of positive domestic equities.
India imports more than 80% of its oil requirements and a rise in global crude prices can push up the country's trade deficit and hurt the rupee