Page 22 - Rupee

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

Rupee trades almost flat with 1 paisa lower at 87.22 against US dollar

The rupee turned almost flat and traded with a marginal loss of 1 paisa at 87.22 against the US dollar in early trade on Wednesday amid volatile sentiment due to uncertainties over trade tariff. According to forex analysts, a strengthening American currency index and a recovery in crude oil prices also added pressure on the local unit, which was already weighed down due to selling in domestic equity and the continuous outflow of foreign capital. They said, market participants were also trading cautiously awaiting cues from macroeconomic data to be released in India and the US later in the day. At the interbank foreign exchange, the rupee opened at 87.24, tumbled to 87.32 and then gained to 87.22 against the greenback in early deals, trading 1 paisa lower from its previous closing level. The rupee ended 10 paise higher at 87.21 against the dollar on Tuesday, a day after losing 36 paise. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six ...

Rupee gains 1 paisa to 87.30 against US dollar during early trade

The rupee turned almost flat and gained 1 paisa to 87.30 against the US dollar in early trade on Tuesday on the back of weaker American currency and lower level of crude oil prices. However, volatile domestic equity markets amid fear of recession in the US and trade-related uncertainties impacted investor sentiment adversely, forex traders said. At the interbank foreign exchange, the rupee opened at 87.37, slipped to 87.39 and then slightly strengthened to 87.30 against the greenback in early deals, registering a gain of 1 paisa from its previous closing level. On Monday, the rupee sank 36 paise to close at 87.31 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.20 per cent at 103.75. Brent crude, the global oil benchmark, rose 0.01 per cent to USD 69.29 per barrel in futures trade. In the domestic equity market, the 30-share BSE Sensex was trading 424.36 points, or 0.57 per cent, l

Rupee sees worst fall in 2 weeks to close at 87.34 against US dollar

The Indian unit was the worst-performing Asian currency on Monday. The rupee has depreciated by 4.5 per cent in the current financial year (2024-25)

Emerging Asian currencies dip with stocks as investors avoid risk

Risk aversion picked up across financial markets on Monday, with investors buying gold, the yen and the Swiss franc due to concerns the period of US economic strength may be ending

Rupee plunges 30 paise to 87.25 against US dollar during early trade

The rupee saw a steep plunge of 30 paise to 87.25 against the US dollar in early trade on Monday as the American currency started recovering from six-month low level while trade-related uncertainties weighed on investor sentiment. A subdued domestic equity market and uninterrupted outflow of foreign funds also put pressure on the local unit, though it found some support due to easing crude oil prices, forex traders said. At the interbank foreign exchange, the rupee opened weak at 87.24 amid intense volatility and touched the low of 87.34 before trading at 87.25 against the greenback in early deals, down 30 paise from its previous closing level. On Friday, the rupee appreciated 17 paise to close at 86.95 against the US dollar. The rupee had settled 6 paise lower at 87.12 against the US dollar on Thursday, snapping its three-session rally. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.03 per cent at ...

Indian firms ramp up long-term FX hedges on rupee swings, cheaper costs

The rise in hedging longer-tenor exposures follows a pickup in shorter duration hedges

Rupee falls 6 paise to 87.18 against US dollar during early trade

The rupee declined 6 paise to 87.18 against the US dollar in early trade on Friday, tracking lacklusture sentiment worldwide triggered by trade-related uncertainties and relentless outflow of foreign capital from domestic equities. However, weakening American currency index and lower level of crude oil prices helped the Indian currency prevent a sharp fall, forex traders said. At the interbank foreign exchange, the rupee opened at 87.13 and lost further to trade at 87.18 against the greenback in early deals, registering a depreciation of 6 paise from its previous closing level. Snapping its three-day rally, the rupee settled 6 paise lower at 87.12 against the US dollar on Thursday. It had gained 31 paise in the preceding three consecutive sessions. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 103.99. Brent crude, the global oil benchmark, went up marginally by 0.20 per cent but stayed a

Rupee falls 5 paise to 87.11 against US dollar during early trade

The rupee failed to sustain its gaining momentum and fell 5 paise to 87.11 against the US dollar in early trade on Thursday as a lower American currency and crude oil prices failed to boost sentiment amid volatile equity markets and foreign funds outflow. The local currency found support initially amid the US move to delay implementation of higher tariffs on Canada and Mexico, forex traders said. Also, RBI's decision to infuse Rs 1.9 trillion liquidity into the banking system added strength to the domestic unit. However, they said, volatile equity markets played a spoilsport and pushed back the local unit to the negative territory. At the interbank foreign exchange, the rupee opened stronger at 86.96, went up to 86.88 but soon pared most of its gains and traded at 87.11 against the greenback, registering a loss of 5 paise from its previous closing level. The rupee settled 13 paise higher at 87.06 against the US dollar on Wednesday, the third straight day of gain. In the preceding t

Rupee records highest single day gain in three weeks; settles at 86.96

The dollar index dropped 0.6 per cent to 104.9, its lowest level since November 2024, amid concerns over the US growth outlook and uncertainty about the impact of trade tariffs on growth and inflation

Rupee rises 9 paise to 87.10 against US dollar during early trade

The rupee appreciated 9 paise to 87.10 against the US dollar in early trade on Wednesday, fuelled by the broad weakening of the US dollar and easing crude oil prices. Forex traders said US President Donald Trump's tariff escalation has set off a chain reaction in global markets, sending the dollar into a downward spiral. Rupee is expected to trade with a slight negative bias as fears of a prolonged trade war continue to grip the financial world, they said. At the interbank foreign exchange, the rupee opened at 87.18 against the greenback, then gained some ground and touched 87.10 against the greenback, up 9 paise from its previous close. On Tuesday, the rupee rebounded from initial losses and settled with a gain of 13 paise at 87.19 against the US dollar. "The rupee traded in a narrow range, caught between global uncertainty driven by Trump factor. Moreover, persistent FII selling, with USD 128 million offloaded in the last session and total outflows nearing USD 12 billion this ye

Rupee falls 8 paise to 87.40 against US dollar during early trade

The rupee declined 8 paise to 87.40 against the US dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and a prevailing liquidity deficit. Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the US Dollar Index. At the interbank foreign exchange, the rupee opened at 87.38, then fell to 87.40 against the American currency, registering a decline of 8 paise over its previous close. On Monday, the rupee settled with a gain of 5 paise at 87.32 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 106.61, lower by 0.12 per cent, amid escalating trade tensions, which have been triggered by US. President Donald Trump's renewed tariff policies. Brent crude, the global oil benchmark, quoted 0.63 per cent lower at USD 71.17 per barrel in futures

PayPal-backed Mintoak strikes India's 1st e-rupee deal, worth $3.5 mn

PayPal and HDFC Bank backed Mintoak has completed the acquisition of Digiledge, which specialises in CBDC and bill payments services

Rupee appreciates 9 paise to 87.28 against US dollar in early trade

The rupee appreciated 9 paise to 87.28 against the US dollar in early trade on Monday as the American currency index retreated from elevated level and domestic equity markets indicated some recovery after firm macroeconomic data. According to forex traders, withdrawal of foreign capital is expected to halt as the latest government data released on Friday showed the country's economy grew by 6.2 per cent in the October-December quarter, recovering sequentially from seven-quarter lows. However, the volatility triggered by the US tariff continued to linger, leading to an increase in crude oil prices and capping a sharp gain in the domestic currency, they said. At the interbank foreign exchange, the rupee opened at 87.36 and gained further ground to 87.28 against the American currency, registering a gain of 9 paise from its previous close. On Friday, the rupee fell 19 paise to settle at 87.37 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength aga

Rupee falls 19 paise to 87.37 against US dollar during early trade

The rupee declined 19 paise to 87.37 against the US dollar in early trade on Friday, as the strength of the American currency and a negative trend in domestic equities dented investor sentiments. Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the US Dollar Index. At the interbank foreign exchange, the rupee opened at 87.32, then fell to 87.37 against the American currency, registering a decline of 19 paise over its previous close. On Thursday, the rupee settled almost flat with a marginal gain of 1 paisa at 87.18 against US dollar. "The Indian rupee depreciated by 20 paise influenced by rising geopolitical tensions and the looming threat of trade wars," CR Forex Advisors MD Amit Pabari said. Moreover, the Reserve Bank of India is actively intervening near the 87.40 level to curb excessive depreciation of the rupee, Pabari said, adding that

Rupee falls 2 paise to close at 87.21 against dollar on FIIs outflows

Rupee depreciated 2 paise to close at 87.21 (provisional) against US dollar as a muted trend in domestic markets and persistent foreign fund outflows weighed on investor sentiments. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar. Moreover, month-end dollar demand also boosted the American currency. At the interbank foreign exchange, the rupee opened at 87.26 and touched the high of 87.12 against the greenback during intraday. It also touched the low of 87.41 before ending the session at 87.21 (provisional) against the dollar, registering a loss of 2 paise from its previous close. On Tuesday, the rupee fell sharply by 47 paise to settle at 87.19 against the US dollar. On Wednesday, equity, forex, commodity markets were closed on account of Mahashivratri. "We expect the rupee to trade with a negative bias on account of weakness in the domestic markets and sustained outflows by FIIs. Any further ...

Rupee falls 22 paise to 87.41 against US dollar in early trade today

The rupee declined 22 paise to 87.41 against the US dollar in early trade on Thursday after the latest tariff announcements from the US weighed on emerging currencies, including the rupee. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar. At the interbank foreign exchange, the rupee opened at 87.26, then fell to 87.41 against the American currency, registering a decline of 22 paise over its previous close. On Tuesday, the rupee fell sharply by 47 paise to settle at 87.19 against the US dollar. On Wednesday, equity, forex, commodity markets were closed on account of Mahashivratri. Global financial markets experienced renewed volatility as US President Donald Trump reaffirmed his commitment to tariffs, announcing that duties on Canada and Mexico would take effect from April 2. Adding to trade tensions, he hinted at a potential 25 per cent reciprocal tariff on European goods, escalating fears of a ..

Making every Budget rupee count for cities: Fresh ideas needed for impact

The share for urban housing has declined, with new schemes being slow to take off and the focus remaining on completing houses under earlier schemes

Amid US tariff threats, rupee falls 47 paise to end at 87.19 against dollar

The rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the US dollar on Tuesday due to month-end dollar demand by importers amid uncertainty over US trade tariffs. Elevated greenback against major crosses and sustained FII outflows also contributed to the decline in the domestic unit, forex traders said. At the interbank foreign exchange, the rupee opened weak at 86.83 and kept losing ground through the day before settling at 87.23 (provisional), 51 paise lower than its previous close. The local unit had settled at 86.72 on Monday. "The rupee fell sharply against the US dollar amid uncertainty over US trade tariffs and demand from importers towards the end of the month. Covering of short positions due to the expiry of the futures contract, too, weighed on the rupee. "We expect the rupee to trade negative on the back of overall weakness in the domestic markets and persistent FII outflows. Any recovery in the US dollar may also weigh on the rupee. However, any .

Rupee depreciates 16 paise to 86.88 against US dollar in early trade

The rupee declined 16 paise to 86.88 against the US dollar in early trade on Tuesday amid a strengthening greenback, sustained FII outflows, and a rise in Brent crude prices. A rebound in the domestic equity markets prevented further fall in the domestic unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 86.83, before sliding further to 86.88, down 16 paise from Monday's close of 86.72. "The rupee was again sold off on Monday as month-end dollar demand kept rupee lower from a high of 86.56 to 86.75. Due to risk of sentiments, the market is expected to buy dollars to take it higher against the rupee," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Meanwhile, the domestic equity markets rebounded on Tuesday with the 30-share BSE Sensex rising 117.57 points to 74,571.98 in early trade, while Nifty was up 31.3 points to 22,584.65. The dollar index, which gauges the greenback's strength agains