Page 53 - Rupee

Rupee may firm past 81 per dollar, bond yields to edge up ahead of Budget

The rupee rose for a second straight week, gaining 0.25% over last week to end at 81.12 per dollar on Jan. 20, as the greenback slid on soft US data

Rupee closes at 81.18 against US dollar amid surge in crude oil prices

The rupee appreciated 18 paise to close at 81.18 (provisional) against the US dollar on Friday on broad dollar weakness. However, weak domestic equities and a surge in crude oil prices capped sharp gains for the local currency, forex traders said. At the interbank foreign exchange market, the local unit opened strong at 81.24, and settled for the day at 81.18 (provisional), registering a rise of 18 paise over its previous close. During the trading session, the local unit witnessed an intra-day high of 81.09 and a low of 81.28 against the American currency. On Thursday, the rupee closed at 81.36 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.21 per cent to 102.26. Global oil benchmark Brent crude futures rose 0.48 per cent to USD 86.57 per barrel. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee appreciated on Friday on soft US dollar and FII inflows on ...

Davos 2023: UAE in talks with India to trade non-oil commodities in rupees

The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies

Rupee closes at 81.37 against dollar amid muted trend in domestic equities

In the previous session on Wednesday, the rupee had settled at 81.30 against the US dollar

Rupee surges as foreign banks make dollar sales, likely for FPI flow

Weaker dollar index, unwinding of offshore/onshore trades boost Indian currency

Rupee snaps 3-day declining streak, rises 28 paise to 81.41 against dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.45 per cent to 101.93

Indian diamond traders hit by rupee risks amid Russian supply woes

"The Russians are not comfortable with the rupee invoicing as far as the gems and jewelry sector is concerned," said Gem & Jewellery Export Promotion Council

Rupee likely to fall on weak Asia foreign exchange, waning momentum

The rupee on Monday had opened higher, but reversed course on heavy dollar-buying by public sector banks to suffer its worst session against the dollar in a month

Rupee weakens amid thin volumes on FII outflow, greenback rebound

Trade volumes were thin as US markets were closed for Martin Luther King Day

India hopeful rupee trade with Russia will pick up in future: Govt official

Russia, Sri Lanka, Mauritius and Bangladesh are some of the countries that are keen on rupee trade with India

Axis Bank tops Re-bond league table for 16th consecutive year in 2022

Total issuances in the year rose to Rs 4,83,770 crore, from Rs 4,17,055 crore in 2021

Rupee pares initial gains, falls 21 paise to close at 81.59 against dollar

The domestic currency finally settled at 81.59, down 21 paise over its previous close

Rupee outlook positive, central bank eyed; bond yields likely to rise

Government bond yields are expected to tick up as investors shift focus to the upcoming budget

India may be in better economic shape to create a rupee trade zone

But the China factor could play spoiler

Rupee closes at 81.57 against dollar amid muted trend in domestic equities

On Wednesday, the rupee settled at 81.68 against the US dollar

Rupee closes at 81.78 against dollar; biggest single-day gain since Nov

The rupee gained 57 paise to close at 81.78 (provisional) against the US dollar on Tuesday, the biggest single-day gain since November. Forex traders said the rupee was the best performer among Asian currencies and now has the support of 81.70. At the interbank foreign exchange market, the local unit opened at 82.20 and touched an intra-day high of 81.72 and a low of 82.26 against the greenback. It finally ended at 81.78 (provisional), registering a rise of 57 paise over its previous close. On Monday, the rupee settled at 82.35 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.12 per cent to 103.12. The rupee became the best performer among the Asian currencies following stop order triggers and inflows from bond selling, said Dilip Parmar, Research Analyst, HDFC Securities. "The local unit witnessed the biggest single-day gains after November 11 and broke the psychological level of 82 as the traders rush

Rupee up 18 paise to 82.17 against dollar in early trade as oil prices ease

The rupee rose 18 paise to 82.17 against the US dollar in early trade on Tuesday on easing crude oil prices. Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.20 against the dollar, then gained ground to touch 82.17, registering a rise of 18 paise over its previous close. On Monday, the rupee settled at 82.35 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.21 per cent to 103.21. Brent crude futures, the global oil benchmark, fell 0.49 per cent to USD 79.26 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 353.74 points or 0.58 per cent lower at 60,393.57 points. The broader NSE Nifty fell 82.55 points or 0.46 per cent to 18,018.65 points. Foreign Institutional Investors (FIIs) were net sellers in

Rupee at 1-month high; US data spurs bets of slower Fed rate hikes

RBI moves push up forward premia; reduce hurdles for currency

Rupee closes at 82.37 against dollar amid firm trend in domestic equities

The rupee gained 29 paise to close at 82.37 (provisional) against the US dollar on Monday, supported by a weaker greenback overseas and a firm trend in domestic equities. At the interbank foreign exchange market, the local unit opened at 82.41 and touched an intra-day high of 82.25 and a low of 82.44 against the greenback. It finally ended at 82.37 (provisional), registering a rise of 29 paise over its previous close. On Friday, the rupee settled at 82.66 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.24 per cent to 103.62. According to Dilip Parmar, Research Analyst, HDFC Securities, the rupee strengthened in line with Asian currencies and touched a month high. "In the last couple of days, the rupee has underperformed among its regional peers amid a headwind of wide current account deficit and foreign fund outflows. But now, looking at the recent high-frequency data and rebound in the risk assets, we cou

Rupee closes at 82.71 against dollar amid muted trend in domestic equities

The rupee pared initial gains and settled 9 paise lower at 82.71 (provisional) against the US dollar on Friday, tracking a rebound in the greenback overseas and a muted trend in domestic equities. Forex traders said risk aversion in international markets and sustained foreign fund outflows weighed on investor sentiments, even as weak crude oil prices cushioned the downside. At the interbank foreign exchange market, the rupee opened on a positive note at 82.52 against the greenback, but pared the gains and fell to an intra-day low of 82.75. The domestic currency finally settled at 82.71, down 9 paise over its previous close of 82.62. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.37 per cent higher at 105.42. Global oil benchmark Brent crude futures rose 0.74 per cent to USD 79.27 per barrel. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated on Friday on rebound in US