Page 44 - Rupee

Rupee touches lifetime low of 83.48 vs dollar after Fed's hawkish comments

Absence of RBI support might have pulled down rupee, say market experts

Rs 5,000 cr sovereign green bond sale to test demand amid higher rates

The debut sale in January raised 80 billion rupees, garnering a so-called greenium of six basis points over the benchmark yield

Rupee falls 9 paise to close at all-time low of 83.33 against US dollar

The rupee depreciated 9 paise to close at an all-time low of 83.33 (provisional) against the US dollar on Wednesday, tracking a strong greenback against major rivals overseas and unabated foreign capital outflows. Besides, a negative trend in domestic equities and elevated crude oil prices amid geopolitical uncertainty in the Middle East weighed on investor sentiments, according to forex traders. At the interbank foreign exchange, the rupee opened at 83.26 against the dollar. During the trading session, it touched an intra-day low of 83.35 and a high of 83.26 against the American currency. The local unit finally settled at its lifetime low of 83.33 (provisional), lower by 9 paise against its previous close. On Tuesday, the rupee settled at 83.24 against the American currency. "We expect the rupee to trade with a slight negative bias on the strong Dollar amid geopolitical uncertainty in the Middle East. Weak tone in domestic markets may also weigh on the rupee. "Traders may take c

Rupee ends flat as Reserve Bank's support counters month-end dollar demand

The rupee closed at 83.25, little changed from its close at 83.2450 in the previous session. The currency traded in a narrow 83.2450 to 83.27 range in the spot session

Rupee depreciates 6 paise to 83.23 against US dollar in early trade

The rupee stayed on downward track for the third consecutive session and depreciated by 6 paise to 83.23 against the US dollar in early trade on Thursday, tracking a firm American currency and negative equity market sentiment. Forex traders said the Indian currency was also pressured due to massive selling of equities by foreign investors even as the crude oil prices hovered close to USD 90 a barrel amid geopolitical tensions in the Middle East. At the interbank foreign exchange market, the local unit opened weak at 83.19 and then touched the lowest level of 83.23 against the greenback, registering a loss of 6 paise from its previous close. This is the third day of fall in the rupee. It dropped 4 paise on Monday, followed by a dip of 1 paisa on Wednesday. Forex markets were closed on Tuesday on account of Dussehra. On Wednesday, the rupee closed at 83.17 against the US dollar. Analysts attributed the strengthening dollar to a record rise in the US Treasury yields after positive dat

Option traders see RBI's grip on Rupee lasting for the rest of 2023

The rupee has weakened about 0.5 per cent this year, the least among Asia's emerging markets, thanks to inflows of nearly $18 billion and RBI intervention

Rupee stable, forward premia dip on RBI's likely $5 billion forex rollover

The rupee settled at Rs 83.19 per US dollar on Monday, against Rs 83.12 a dollar on Friday

Rupee depreciates 3 paise to 83.15 against US dollar in early trade

The rupee declined 3 paise to 83.15 against the US dollar in a restricted trade on Monday due to a stronger greenback in overseas markets and foreign fund outflows. A correction in crude oil prices and firm domestic stock markets in opening trade capped the losses of the rupee, according to forex dealers. The local unit opened lower by 3 paise at 83.15 against the greenback at the interbank foreign exchange market. The rupee moved in a tight range of 83.15 to 83.09 against the dollar in morning deals before trading at 83.15. It had closed almost flat at 83.12 on Friday. Foreign Portfolio Investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities so far this month, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.12 per cent to 106.30. Oil prices eased on Monday with the global oil ...

Rupee logs best day in 3 weeks on likely 'aggressive' RBI intervention

"Any uptick on the rupee is likely to be short-lived with importers stepping in"

Rupee ends at record closing low on intensifying geopolitical worries

The rupee closed at 83.2775 against the U.S. dollar, little changed from its previous close of 83.2625. The currency hit its previous record closing low of 83.2675 on Sept. 18

RBI's $5 billion USD/INR swap expiry fuels dollar shortage concern

The Reserve Bank of India (RBI) had conducted a $5 billion sell/buy dollar/rupee swap last year. Under this swap, the RBI sold $5 billion to banks on April 28, 2022

Rupee to rely on RBI's intervention amid surging oil prices: Traders

Non-deliverable forwards (NDFs) indicate rupee will open at around 83.25-83.26 to the U.S. dollar, barely changed from the previous session

RBI's active rupee management stretches valuation to near 2-year peak

The RBI regularly intervenes in the foreign exchange markets and stepped up intervention in September

Sentro Group acquires stake in Russian bank, eyes rupee-ruble trade

Sentro Group on Thursday said it has acquired a majority stake in a Russian bank, World of Privileges, for an undisclosed sum. The acquisition of 50.001 per cent ownership in the 29-year-old, post-Soviet era lender is aimed at facilitating rupee-ruble trade, as per an official statement. The group said it is eyeing to ease transactions between the two countries, as trade and commerce grows with India becoming a preferred supplier of goods for Russia. "We wish to partner with Indian banks and other financial institutions for mutual Nostro/Vostro accounts, and the bank wants to expand its services through broker licence, targeting retail investor from Russia to invest in Indian market through FPI licence and other legal methods, the group's Founder and Chairman Naveen Rao said. The vision is to support the ruble/rupee payments for Russians visiting India and Indians travelling to Russia, using Indian and Russian settlement systems like UPI, RU pay card, another senior official said.

Rupee appreciates 5 paise to 83.23 against US dollar in early trade

The rupee rose 5 paise to 83.23 against the US dollar in early trade on Wednesday, recovering from its steep loss in the past two sessions amid a massive selling by foreign equity investors and a strengthening American currency. Weak sentiment in the global equity markets and surging crude oil prices also weighed on the Indian currency, forex traders said. At the interbank foreign exchange, the domestic unit opened at 83.23 and traded in a narrow range of 83.21 to 83.24 against the greenback. It later traded at 83.23 against the dollar, registering a gain of 5 paise from its previous close. The rupee lost 34 paise in the past two sessions. It closed 15 paise lower at 83.28 against the dollar on Tuesday, a day after registering a loss of 19 paise. The downward movement of the rupee was attributed to a strengthening dollar amid a record rise in US Treasury yields. Also, the US dollar surged to a ten-month high level after a Federal Reserve policymaker hinted at a prolonged interest r

Rupee ends weaker on elevated US Treasury yields, record low not in sight

The rupee closed at 83.1450 against the U.S. dollar as compared with 82.93 in the previous session. Most Asian currencies fell, with the Thai bhat and offshore Chinese yuan leading losses

Rupee gives up index inclusion-led rally; RBI counted on to help

The rupee was at 83.12 against the US dollar by 11:00 am IST compared with 82.93 in the previous session. The dollar index was largely flat in Asia, but remained near 6-month highs

Inclusion of Indian bonds in JP Morgan index to widen investor base: CEA

The inclusion of G-Secs will be staggered over a 10-month period from June 28, 2024 to March 31, 2025, indicating one per cent increment on its index weight

Indian bonds, and rupee surge post inclusion in JPMorgan EM bond index

Market experts are projecting approximately $30 billion in inflows into the government bond market following India's inclusion in the index

Rupee and govt bond end steady despite rise in US Treasury yields

The rupee settled at Rs. 83.09 a dollar on Thursday, against Rs. 83.08 per dollar on Wednesday