The global demand for dollars, the argument goes, drives up its value, making US-made goods more expensive than imports
The rupee recovered 34 paise against the dollar as RBI stepped in via state-run banks while bond yields eased after strong OMO auction demand calmed sentiment
The domestic currency closed 34 paise higher at 85.38 after ending at 84.72 against the greenback on Thursday
The domestic currency opened 12 paise lower at 85.84 after ending at 84.72 against the greenback on Thursday, according to Bloomberg data
The rupee fell 1.03 per cent, bond yields rose 6 bps and equities declined as India retaliated to missile attacks by targeting Pakistani air defence systems
The currency depreciated by 1.03 per cent in today's session, making it the worst day since February 6, 2023
The currency has depreciated by over 3 per cent since March and currently trades at 84.8 against the greenback
The domestic currency opened 38 paise higher at 84.65 after ending at 84.83 against the greenback on Wednesday
The rupee fell 0.47 per cent intraday amid rising India-Pakistan tensions and a stronger dollar index, before recovering partially on likely RBI-backed intervention
The domestic currency opened 38 paise lower at 84.82 after ending at 84.44 against the greenback on Tuesday
The domestic currency opened 18 paise lower at 84.62 after ending at 84.44 against the greenback on Tuesday
The weaker dollar has worked as a buffer across developing economies, limiting the impact in emerging markets of the spike in volatility triggered by US President Donald Trump's trade war
The dollar was last down 0.5% on the Japanese yen at 142.99, and also lost ground versus European currencies with the euro and pound both up 0.2% at $1.1341 and $1.3328 respectively
At 1140 GMT, the rouble was up 2% at 81.1 against the U.S. dollar, LSEG data based on over-the-counter quotes showed
The domestic currency opened 39 paise higher at 84.09 after ending at 84.49 against the greenback on Wednesday
10 year govt bond yield fall 23 bps in April
The domestic currency opened 10 paise higher at 85.15 after ending at 85.25 against the greenback on Tuesday
What is a reserve currency? How did the dollar come to dominate global trade and finance? And why might some countries prefer to steer clear of the role altogether? Read on to find out
The domestic currency opened 5 paise lower at 85.08 after ending at 85.03 against the greenback on Monday
The weakening of the dollar reflects some unwinding of the so-called 'US exceptionalism' theme, which had attracted disproportionately large allocations to dollar assets over the years