Page 75 - Rupee Vs Dollar

Rupee falls 29 paise to close at 74.57 against US dollar on Tuesday

The rupee on Tuesday slumped 29 paise to close at 74.57 (provisional) against the US dollar, tracking the strength of the American currency in the overseas market

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Rupee gains 15 paise to 74.56 against US dollar in early trade

The rupee appreciated by 15 paise to 74.56 against the US dollar in opening trade on Thursday, tracking gains in domestic equity markets. At the interbank foreign exchange, the rupee opened strong at 74.56 against the American dollar, registering a rise of 15 paise from the last close. The rupee on Wednesday settled just one paisa lower at 74.71 against the US dollar. Positive moves in Indian equity indices aided sentiments, forex traders said, adding that trading is likely to remain range-bound this week ahead of the year-end holidays. However, firm crude oil prices contained the appreciation bias in the local unit, they added. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent higher at 95.99. Meanwhile, on the domestic equity market front, the 30-share Sensex was trading 152.31 points or 0.26 per cent higher at 57,958.80, while the broader NSE Nifty advanced 40.05 points or 0.23 per cent to 17,253.65. Global o

Rupee gains 14 paise to 75.12 against US dollar in early trade

The rupee appreciated 14 paise to 75.12 against the US dollar in opening trade on Friday, as risk appetite improved amid easing fears of fallout from the Omicron coronavirus variant. At the interbank foreign exchange, the rupee opened strong at 75.12 against the American dollar, registering a rise of 14 paise from the last close. On Thursday, the rupee climbed 28 paise to close at 75.26 against the US dollar. According to a new analysis by the UK Health Security Agency (UKHSA) released on Thursday, Omicron is less severe than the Delta variant. The findings coincide with two other studies based on real-world COVID-19 UK data, which also report that the Omicron variant is less severe than the Delta variant, with fewer infected people requiring hospitalisation. Forex traders said ahead of the holidays and extended long weekend in the United States, most major currency pairs are trading in narrow ranges. The dollar index, which gauges the greenback's strength against a basket of six

Rupee gains 11 paise to 75.48 against US dollar in early trade

The rupee appreciated 11 paise to 75.48 against the US dollar in opening trade on Wednesday, tracking a positive trend in domestic equities. However, rising crude prices in the international market and continued foreign fund outflows restricted the local unit, traders said. At the interbank foreign exchange, the rupee opened slightly strong at 75.56 and gained further ground to quote 75.48 against the American dollar in early deals, a rise of 11 paise from the last close. In the previous session, the rupee had settled at 75.59 against the greenback. On the domestic equity market front, the 30-share Sensex was trading 366.66 points or 0.65 per cent higher at 56,685.67, while the broader NSE Nifty advanced 112.50 points or 0.67 per cent to 16,883.35. Global oil benchmark Brent crude futures rose 0.24 per cent to USD 74.16 per barrel. Foreign institutional investors remained net sellers in the capital market on Tuesday, as they offloaded shares worth Rs 1,209.82 crore, as per exchan

Rupee gains 17 paise to 75.73 against US dollar in opening session

The rupee appreciated 17 paise to 75.73 against the US dollar in the opening session on Tuesday, tracking heavy buying in domestic equities

Rupee firms up gains to end at 76.06 against dollar on Friday

The rupee pared its initial losses to settle marginally higher by 3 paise at 76.06 against the US dollar on Friday

In tandem: Steady depreciation in rupee spells trouble for stock prices

Analysts say a currency depreciation creates an inflationary overhang in the economy, depressing equity valuation

Rupee plunges 40 paise to 20-month low against dollar on low risk appetite

The rupee had closed near this level on April 24, 2020, previously

Rupee gains 15 paise to 75.63 against US dollar in early trade

The rupee appreciated 15 paise to 75.63 against the US dollar in opening trade on Monday, tracking a positive trend in domestic equities. However, surging crude prices in the international market and unabated foreign capital outflows capped the appreciation bias in the local unit, traders said. At the interbank foreign exchange, the rupee opened strong at 75.64 and inched up to quote 75.63 against the American dollar in early deals, registering a rise of 15 paise from the last close. On Friday, the rupee dropped by 18 paise to an over 16-month low of 75.78 against the US dollar. On the domestic equity market front, the 30-share Sensex was trading 206.46 points or 0.35 per cent higher at 58,993.13, while the broader NSE Nifty advanced 86.50 points or 0.49 per cent to 17,597.80. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.10 per cent to 96.18. Global oil benchmark Brent crude futures rose 1.30 per cent to USD 76.13 per ...

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No runaway decline in rupee's value, may recover by March: Experts

The rupee closed at 75.78 to a dollar on Friday, an 18-month low

Rupee drops by 18 paise to 75.78 against dollar on forex outflows

The rupee dropped by 18 paise to an over 16-month low of 75.78 on Friday amid consistent foreign fund outflows and growing concerns about inflation. At the interbank foreign exchange market, the rupee opened lower at 75.65 a dollar and later tanked to the day's low of 75.85 in line with a lacklustre trend in equity markets. The local unit pared some of the losses in the closing session to end at 75.78 (provisional), its lowest closing level since June 22, 2020. The rupee also declined for a third straight week with a weekly loss of 66 paise or 0.88 per cent against the dollar. The US consumer inflation data for November would be released later on Friday with experts expecting the consumer price index (CPI) to rise further. The retail inflation had risen to 6.2 per cent in October which was the sharpest increase in 31 years. Any hike in inflation would be seen as a case for tightening of monetary policy by the US Federal Reserve, which could lead to outflows of funds from emerging

Rupee declines by 8 paise to trade at 16-month low level of 75.68

The rupee declined further by 8 paise to a fresh 16-month low level of 75.68 in early trade on Friday due to continued foreign found outflows and losses in the stock market.

Rupee closes at near 18 month-low, ends at 75.52 to the dollar

The rupee touched 76.92 a dollar in the intraday trade on April 22 last year.

Rupee slides 5 paise to 75.49 against US dollar in early trade

The rupee declined 5 paise to 75.49 against the US dollar in opening trade as persistent foreign fund outflows kept the pressure on the local unit

Rupee falls 14 paise to 75.16 against USD on new Covid variant worries

The rupee on Friday slipped 14 paise to close at 75.16 (provisional) against the US dollar, tracking massive sell-offs in domestic equities amid growing worries over the new Covid variant.

Rupee trades in narrow range in morning trade against US dollar

Indian rupee was trading in a narrow range in morning trade on Friday amid uncertainties over the global economic recovery in the wake of the emergence of Omicron. At the interbank foreign exchange, the rupee opened at 74.98 against the dollar. It touched an early high of 74.96 and a low of 75.01 in initial deals. The rupee on Thursday settled at 75.02 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 96.16. The rupee has been under pressure over the last few trading sessions as the detection of the new coronavirus variant Omicron re-ignited growth concerns and hurt risk appetite. Besides, unabated foreign fund outflows weighed on investor sentiments, traders said. Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 909.71 crore, as per exchange data. Global oil benchmark Brent crude futures advanced 1.44 per cent to USD 70.6

Rupee slips 8 paise against dollar to 74.99 on Omicron variant worries

The rupee on Thursday slipped 8 paise to close at 74.99 (provisional) against the US dollar as investor concerns grew over the impact of the new coronavirus variant on the economy. At the interbank foreign exchange market, the local currency opened at 75.06 and witnessed an intra-day high of 74.90 and a low of 75.07 against the US dollar. The local unit finally settled at 74.99, down 8 paise over its previous close of 74.91. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent up at 96.03. Meanwhile, Brent crude futures, the global oil benchmark, advanced 2.99 per cent to USD 70.45 per barrel. On the domestic equity market front, the BSE Sensex ended 776.50 points or 1.35 per cent higher at 58,461.29, while the broader NSE Nifty jumped 234.75 points or 1.37 per cent to 17,401.65. Foreign institutional investors were net sellers in the capital market on Wednesday, as they offloaded shares worth Rs 2,765.84 crore, as

Dollar recovers in face of Omicron variant; commodity currencies slide

The dollar index against major currencies was up 01% in the afternoon in New York after having fallen 0.3% in the morning