Page 30 - Rupee

Rupee falls 4 paise to 86.61 against US dollar during early trade

The rupee depreciated 4 paise to 86.61 against the US dollar in early trade on Wednesday, due to sustained foreign fund outflows, unabated dollar demand from oil importers and weak risk appetite. Forex traders said the rupee continued to face pressure as investors are awaiting cues from the US FED meeting outcome. Besides, global risk sentiments were dampened amid tariff threats by the US President Donald Trump, they said. At the interbank foreign exchange, the rupee opened at 86.58 then fell further to 86.61 against the American currency, registering a decline of 4 paise over its previous close. On Tuesday, the rupee depreciated 26 paise to close at 86.57 against the US dollar. Forex traders said broad dollar demand, foreign fund outflows pressurised the rupee. However, a decline in crude oil prices cushioned the downside. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 107.83, lower by 0.03 per cent. Brent crude, the

Rupee falls 26 paise to 86.57 against US dollar during early trade

The rupee depreciated 26 paise to 86.57 against the US dollar in early trade on Tuesday, due to unabated dollar demand from oil importers and weak risk appetite. Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and the strength of the American currency in the overseas market. Moreover, the upcoming Union Budget will play a crucial role in shaping market sentiment and the rupee's trajectory, as expectations are high for favourable measures aimed at rekindling foreign investments. At the interbank foreign exchange, the rupee opened at 86.53 then fell further to 86.57 against the American currency, registering a decline of 26 paise over its previous close. On Monday, the rupee depreciated 9 paise to close at 86.31 against the US dollar. The Indian rupee fell this morning as risk aversion was the name of the game, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. "FPIs continued their selling

Rupee depreciates 22 paise to 86.44 against US dollar in early trade

The rupee depreciated 22 paise to 86.44 against the US dollar in early trade on Monday, weighed down by the strength of the American currency in the overseas market and a muted trend in domestic equities. Forex traders said the Indian rupee gained on Friday but opened on a lower note on Monday as Trump Tariffs uncertainty gained. At the interbank foreign exchange, the rupee opened at 86.35 then fell further to 86.44 against the American currency, registering a decline of 22 paise over its previous close. On Friday, the rupee appreciated 22 paise to close at 86.22 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 107.67, higher by 0.21 per cent, after Trump threatened to apply 25 per cent Tariffs on Colombia after the plane carrying migrants was returned by the country. Meanwhile, the US has paused sanctions and tariffs on Colombia after it agreed to accept all the terms of President Donald Trump, ..

Rupee logs biggest weekly gain in over 17 months as dollar softens

The rupee appreciated and settled at 86.21 per US dollar on Friday, compared to its closing level of 86.47 on Thursday, marking a weekly gain of 0.47 per cent

Rupee rises 18 paise to 86.26 against US dollar in early trade today

Rupee appreciated 18 paise to 86.26 against the US dollar in morning trade on Friday, supported by positive domestic equities and soft American currency index. Forex traders said weak crude oil prices and positive domestic markets supported the local unit, while sustained foreign fund outflows weighed on the local unit. Traders further noted that the upcoming Union Budget will play a crucial role in shaping market sentiment and the rupee's trajectory. At the interbank foreign exchange, the rupee opened at 86.31 and touched 86.26 against the US dollar, registering a rise of 18 paise from its previous close. The local unit also touched 86.33 against the US dollar initial trade. On Thursday, the rupee declined 9 paise to settle at 86.44 against the US dollar. The rupee has shown signs of resilience, appreciating over the past two trading sessions due to a weakening dollar. Moreover, on a positive note, upcoming inflows from fundraising activities by IREDA of USD 570 million are expec

Rupee fell 20% in last 5 yrs, weakest currency in Southeast Asia: Moody's

Moody's Ratings on Thursday said the Indian rupee has depreciated by around 5 per cent in the last two years and has fallen by 20 per cent in the last five years making it one of the weakest performing currencies in South and South East Asia. Of the 23 rated Indian companies, Moody's assessed only six to be exposed to the effects of dollar strength, but these companies have sufficient mitigating factors. These companies are the three oil refining and marketing companies (OMCs), Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL), building materials producer UltraTech Cement, Bharti Airtel and ride sharing company ANI Technologies Pvt Ltd. "While the rupee has depreciated by only around 5 per cent in the last two years, it has fallen over 20 per cent since January 2020, making it one of the weakest-performing currencies in South and Southeast Asia," Moody's said in its report on Corporates '? South and Southeast Asia Emerging

Amid FII outflow, Rupee falls 12 paise to settle at 86.47 against dollar

The rupee declined 12 paise to settle at 86.47 (provisional) against the US dollar on Thursday amid the strengthening American currency and continuous outflow of foreign funds. However, positive domestic equity markets and lower crude oil prices supported the Indian currency at lower level, forex traders said. At the interbank foreign exchange, the rupee opened at 86.46 and moved between high of 86.38 and low of 86.52 against the greenback during the session. The local unit settled at 86.47 (provisional) against the US dollar, registering a loss of 12 paise from its previous close. On Wednesday, the rupee appreciated 23 paise to close at 86.35 against the dollar. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee declined on a strong US dollar and recovery in the US treasury yields. FII outflows too weighed down the local unit. However, weak crude oil prices and positive domestic markets cushioned the downside. "Investors may remain cautious ahead of Bank of

Rupee declines 5 paise to 86.40 against US dollar in early trade today

The rupee declined 5 paise to 86.40 against the US dollar in early trade on Thursday amid a strengthening greenback. While a drop in crude oil rates and an upward trend in the domestic equity markets prevented further decline in the local currency, forex traders expected it to remain volatile throughout the day and trade in a wide range of 86.20-86.60. At the interbank foreign exchange, the rupee opened at 86.46, down 11 paise from its previous close, and dropped further to 86.52. However, it recovered some of its losses as the equity markets showed an upward trend to rise to 86.40, lower by 5 paise from Wednesday's close. The domestic currency had appreciated 23 paise to close at 86.35 against the US dollar on Wednesday. "Exporters may continue to wait with a stop loss at 86.25 since the rupee continues to remain in a weakening mode due to US dollar demand," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. "The rupee, which gained

Rupee strengthens to 86.33 as dollar index falls, RBI swaps aid gains

The dollar index, which measures the strength of the greenback against a basket of six major currencies, fell by 0.8 per cent to 107.97

After Tuesday fall, rupee rises 25 paise to close at 86.33 against dollar

The rupee appreciated 25 paise to close at 86.33 (provisional) against the US dollar on Wednesday, supported by positive domestic equities and soft US dollar index. Forex traders said the rupee is likely to witness high volatility with a negative bias ahead of key events in the global and domestic economic landscape. Moreover, the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. At the interbank foreign exchange, the rupee opened at 86.56 against the greenback. During the day, the local unit touched an intraday high of 86.30 and a low of 86.71. It finally closed at 86.33 (provisional) against the US dollar, up 25 paise from its previous close. On Tuesday, the rupee fell 13 paise to 86.58 against the US dollar. "We expect the rupee to remain largely weak on underlying strength in the US dollar and overall weakness in the domestic markets. Importer demand for dollars may also pressurise the rupee. However

Rupee gave up early gains post Trump's Mexico, Canada tariff threat

The Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales to avoid further depreciation of the rupee

Rupee ends little changed, dollar regains footing on Trump's tariff plan

While the local unit touched a peak of 86.2825 early in the session, it trimmed the gains on the back of broad-based dollar bids and a 0.5 per cent rise in the dollar index after it touched a two-week

Rupee rises 17 paise to 86.28 against US dollar during early trade

Rupee appreciated 17 paise to 86.28 against the US dollar in morning trade on Tuesday, as the US dollar index and crude oil prices retreated from their elevated levels. Forex traders said the dollar weakened from its 109 levels but clawed back to 108.31 as Donald Trump declared tariffs against Canada and Mexico in the near future but stopped short of declaring any tariffs against China. While uncertainty eased slightly, concerns regarding tariffs still lingered in the background, as the traders began to adjust their expectations, betting that even if tariffs were imposed, they would likely be less aggressive, traders said. At the interbank foreign exchange, the rupee opened at 86.28, registering a rise of 17 paise from its previous close of 86.45 against the greenback. The local unit also touched 86.43 against the US dollar initial trade. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.94 per cent at ...

Rupee rises 5 paise to 86.55 against dollar on decline in crude prices

The rupee appreciated 5 paise to close at 86.55 (provisional) against the US dollar on Monday, as an overnight decline in crude oil prices and the US dollar index supported investor sentiments. Besides, a positive trend in domestic equities also helped the local currency, Forex traders said the rupee is likely to trade within a volatile range of 86.20-86.80 ahead of key events in the global and domestic economic landscape. At the interbank foreign exchange, the rupee opened on a strong note at 86.48 against the greenback. During the day, the local unit touched an intraday high of 86.46 and a low of 86.57. It finally closed at 86.55 (provisional), a rise of 5 paise against the US dollar. In the previous session on Friday, the rupee settled at 86.60. According to Anuj Choudhary Research Analyst at Mirae Asset Sharekhan, the rupee strengthened against the greenback on the weak tone in the US Dollar index and positive domestic markets. Overnight decline in crude oil prices also supp

Rupee rises 14 paise to 86.46 against US dollar in early trade today

Rupee appreciated 14 paise to 86.46 against the US dollar in morning trade on Monday, tracking a positive trend in domestic equities and Asian currencies. Forex traders said factors like elevated Dollar Index level as well as surging crude oil prices pose significant headwinds for the USD/INR pair. At the interbank foreign exchange, the rupee opened at 86.48 and touched 86.46 against the greenback, registering a gain of 14 paise over its previous close. On Friday, the rupee had settled at 86.60 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.22 per cent at 109.10. Brent crude, the global oil benchmark, fell by 0.12 per cent to USD 80.69 per barrel. The overall strength of the American currency and elevated crude oil prices are likely to strain India's trade balance, creating challenges for sustained rupee appreciation, forex traders said. As Asian currencies rose Indian rupee ope

Rupee expected to appreciate a bit, to hover around 85-86 per US dollar

Rupee is expected to appreciate a bit and stabilise around 85-86 a dollar in the coming weeks with RBI's continued focus on stability of the domestic currency, Deloitte economist Rumki Majumdar said. She said that the rupee may not now see the level of 83 despite RBI's intervention and the Indian currency being more stable than others. The rupee tanked last week to hit its all-time low of 86.70 against the US dollar as massive foreign fund outflows and falling domestic equity markets dented investor sentiment. The rupee on January 13 logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the US dollar. The currency's previous record one-day fall of 68 paise was witnessed on February 6, 2023. The domestic currency has depreciated by over 1 per cent in 2025 so far following a nearly 3 per cent decline in 2024 due to a strong dollar and FII outflows. The rupee closed at 86.60 a dollar on Friday. "I was quite ...

Rupee gains 3 paise to 86.58 against US dollar during early trade

The rupee rose 3 paise to 86.58 against the US dollar in early trade on Friday on the back of softening American currency. Higher crude oil prices and volatile global trends failed to prevent the withdrawal of foreign funds from domestic equities, capping a significant recovery in the Indian currency, forex traders said. At the interbank foreign exchange, the rupee opened at 86.60 and touched a high of 86.55 before trading at 86.58 against the greenback in initial deals, 3 paise higher from its previous close. On Thursday, the rupee depreciated 21 paise to close at 86.61 against the US dollar. The local unit had settled with a gain of 13 paise at 86.40 against the dollar on Wednesday, a day after rebounding 17 paise from its lowest-ever level of 86.70 against the greenback. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent lower at 108.80. Brent crude, the global oil benchmark, rose 0.39 per cent but st

Fed rate cut prospects may boost rupee despite Trump-related concerns

Asian currencies were mostly higher, with the Chinese yuan ticking higher as the country's economic growth beat forecasts

Misguided rhetoric on rupee: Clearing doubts on depreciation, RBI action

Let us look at the data. We find out technically that there was a regime shift in terms of movements in the value of the rupee when it crossed 80 to the dollar in August 2022

Rupee falls 4 paise to 86.44 against US dollar during early trade

The rupee declined 4 paise to 86.44 against the US dollar in early trade on Thursday amid a firm American currency, rising crude oil prices and outflow of foreign funds. However, positive domestic equity markets resisted a sharp fall in Indian currency, forex traders said. At the interbank foreign exchange, the rupee opened at 86.42 and slipped further to 86.44 against the greenback in initial deals, trading 4 paise lower from its previous close. The rupee settled with a gain of 13 paise at 86.40 against the dollar on Wednesday, a day after rebounding 17 paise from its lowest-ever level. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 108.96. Brent crude, the global oil benchmark, rose 0.37 per cent to USD 82.33 per barrel in futures trade. Analysts said concerns over geopolitical uncertainties are likely to add volatility in dollar until the US gets new administration under President Donal