Page 21 - Rupee

Rupee rises for 10th straight session; Opens 4 paise stronger at 85.59/$

The domestic currency opened 4 paise stronger at 85.59 against the greenback after closing at 85.63 on Monday

e-RUPI voucher issuance surged in February; redemption in slow lane

Only a fraction of the cumulative issued e-RUPI vouchers were redeemed, the data show

RBI's $10 billion forex swap sees over 2x demand, cut-off at Rs 5.86

Under the swap, the central bank will inject liquidity amounting to $10.04 billion equivalent of rupees into the banking system on Wednesday. The transaction will be reversed in three years

Indian Rupee ends 35 paise stronger; Logs best winning streak in 13 months

The domestic currency ended 35 paise stronger at 85.63 against the greenback after closing at 85.98 on Friday, according to Bloomberg data

Indian Rupee opens stronger at 85.94/$, gains for ninth straight session

The domestic currency opened 4 paise stronger at 85.94 against the greenback after closing at 85.98 on Friday

Indian Rupee strengthens past 86/$, logs best week in over 2 years

The domestic currency closed 39 paise stronger at 85.98 against the greenback after closing at 86.37 on Friday

Indian Rupee opens at 86.23/$, climbs to highest level in eight weeks

The domestic currency opened 14 paise stronger at 86.23 against the greenback after closing at 86.37 on Thursday

Indian rupee ends at 86.37/$, logs best winning streak in over nine months

The domestic currency ended 6 paise stronger at 86.37 against the greenback after closing at 86.43 on Wednesday

Indian Rupee opens at 86.41/$, strengthens for seventh straight day

The domestic currency opened 2 paise stronger at 86.41 against the greenback after closing at 86.43 on Wednesday

Indian Rupee strengthens by 13 paise, rises for sixth-straight day

The domestic currency ended 13 paise stronger at 86.44 against the greenback after closing at 86.57 on Tuesday

Rupee falls 10 paise to 86.66 against US dollar during early trade

The rupee declined 10 paise to 86.66 against the US dollar in early trade on Wednesday amid a firm American currency index ahead of the Federal Reserve's interest rate decision and prevailing concerns due to global trade tariff moves. Forex traders said the local currency found cushion due to easing crude oil prices and some inflow of foreign capital in domestic equity markets. At the interbank foreign exchange, the rupee opened weak at 86.60 and fell to 86.68 before trading at 86.66 against the greenback in initial deals, registering a loss of 10 paise from its previous closing level. Rupee settled 25 paise higher at 86.56 against the US dollar on Tuesday, gaining for the the third straight session during which it added 66 paise. The unit had appreciated 24 paise to close at 86.81 against the US dollar on Monday after ending 17 paise up at 87.05 in the preceding session on Thursday. Forex market was closed on Friday on the occasion of Holi festival. Meanwhile, the US dollar inde

Indian Rupee snaps five-day gains, opens 8 paise weak as Dollar strengthens

The domestic currency opened 8 paise slower at 86.65 against the US Dollar

Indian Rupee logs longest winning streak in six months amid Dollar weakness

The Rupee extended its gains to 1.08 per cent in March after seeing five consecutive months of decline

Rupee rises 10 paise to 86.71 against US dollar during early trade

The rupee appreciated 10 paise to 86.71 against the US dollar in early trade on Tuesday, tracking its Asian peers and supported by positive domestic equities. Forex traders said the sharp upside for the local unit was restricted as investors grappled with the potential economic impact of growing global trade concerns. At the interbank foreign exchange, the rupee opened at 86.71 against the greenback, up 10 paise from its previous close. On Monday, the rupee had appreciated 24 paise to close at 86.81 against the US dollar. Asian currencies gained slightly as CNH rose to 7.2338, IDR was at 16395 and KRW at 1445. Fears that US President Donald Trump's aggressive tariff policies could trigger a broader economic slowdown have undermined the greenback, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.19 per cent higher at

Indian Rupee opens strong at 86.76/$ despite persistent FPI selling

The Reserve Bank of India (RBI) was a major dollar buyer yesterday, keeping the currency well within a range, while foreign Banks were major sellers

Rupee rises 25 paise to 86.80 against US dollar during early trade

The rupee appreciated 25 paise to 86.80 against the US dollar in early trade on Monday, as domestic equities opened on a higher note and Asian currencies continued to remain on the stronger side. Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee's recovery. However, global risk sentiment and oil price movements will play a crucial role in determining the next leg of the rupee's trajectory. At the interbank foreign exchange, the rupee opened at 86.90 against the greenback, then gained some ground and touched 86.80 against the greenback, up 25 paise from its previous close. On Thursday, the rupee surged 17 paise to settle at 87.05 against the US dollar. Forex, stock markets were closed on Friday on the occasion of Holi festival. "The USD/INR pair is expected to trade within the 86.80-87.40 range in the near to medium-term. A breakout beyond this band could trigger an additional m

Indian Rupee opens stronger, trades below 87 mark as dollar extends fall

The Rupee extends its gains to over 0.7 per cent in March after seeing five consecutive months of decline

Meet Udaya Kumar, DMK leader's son whose ₹ symbol is dropped by DMK govt

The rupee (₹) symbol was introduced less than 15 years ago, chosen from thousands of designs. Incidentally, the design that was selected was created by the son of a former DMK MLA

Tamil Nadu drops official rupee symbol from state Budget amid language row

This marks the first time a state has rejected the national currency symbol, taking Tamil Nadu's resistance to the NEP to a new level

Rupee jumps 19 paise to 87.03 against US dollar during early trade

The rupee appreciated 19 paise to 87.03 against the US dollar in early trade on Thursday, buoyed by a favourable macroeconomic data that also led to a buying rush in domestic equity markets. According to forex analysts, escalated tariff tensions worldwide continued to fuel the foreign capital outflow, but a weaker American currency index and lower level of crude oil prices added strength to the local unit. At the interbank foreign exchange, the rupee opened stronger at 87.13 and touched a high of 87.03 against the greenback in early deals, registering a sharp gain of 19 paise from its previous closing level. The rupee settled 1 paisa lower at 87.22 against the US dollar on Wednesday, a day after logging a recovery of 10 paise on Tuesday as it pared the steep loss of 36 paise in the preceding session (Monday). Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.01 per cent at 103.57. Brent crude, the global o