Page 39 - Us Dollar

Rupee rebounds 14 paise to 83.05 against dollar as US Fed indicates cuts

The rupee rebounded 14 paise to 83.05 against the US currency in early trade on Thursday as the dollar retreated from high levels in global markets after the US Federal Reserve indicated three rate cuts this year. At the interbank foreign exchange market, the rupee opened strong at 83.07 against the US dollar compared to the previous close of 83.19. The local unit moved in a range of 83.08 to 83.04 in early deals. The rupee traded at 83.05 to a dollar at 9.25 AM, showing gains of 14 paise over the last close. It settled at a two-month low of 83.19 on Wednesday ahead of the announcement of US Fed policy amid a strong American currency and elevated crude oil prices. The Indian currency gained strength as the US Federal Reserve indicated three rate cuts this year despite sticky inflation. The US Fed kept its interest rates unchanged in the policy meeting on Wednesday. The US dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.20 per ce

Rupee hits 1-month low ahead of US Federal Reserve meeting outcome

The rupee settled at Rs 83.04 per Dollar on Tuesday, against the previous close of Rs 82.90 per Dollar. The last time the rupee touched Rs 83 per Dollar was on February 16

Rupee falls 5 paise to 82.95 against US dollar on back of firm crude prices

The rupee declined 5 paise at 82.95 against the US dollar on Tuesday due to firm crude oil prices and foreign fund outflows. At the interbank foreign exchange market, the rupee opened at 82.94 to a dollar, down 4 paise over the previous close of 82.90. The local currency moved in a tight range of 82.93 to 82.95 to a dollar in early deals. The rupee traded at 82.95, down 5 paise, against the US dollar at 9.15 am. A stronger US dollar and firm bond yields ahead of the US Fed interest rate decision also weighed on the local unit, forex dealers said. The US dollar index, which measures the greenback's strength against a basket of six currencies gained 0.20 per cent to 103.64. Brent crude, the global crude oil benchmark, also stayed above USD 86 per barrel to trade at around four-month high levels. Losses in local stocks also weighed on the rupee. Benchmark BSE Sensex declined by 398.79 points or 0.55 per cent to 72,349.63 while broader Nifty dropped 120.10 points or 0.54 per cent to

Rupee appreciates 2 paise to 82.84 against US dollar in early trade

The rupee appreciated by 2 paise to trade at 82.84 against the US dollar in the opening session on Monday following foreign fund inflows. An uptick in crude oil prices and listless trade in domestic stocks capped rupee gains in opening trade, forex dealers said. The local currency moved in a narrow range of 82.83 to 82.84 against the dollar in early deals. The rupee closed at 82.86 on Friday. The US dollar index, which gauges the greenback's strength against a basket of six currencies, was trading flat at 103.43. Crude oil prices firmed up in early Asian trade. Brent crude, the global oil benchmark, gained 0.35 per cent to trade at USD 85.64 per barrel. Oil for Indian basket was up at USD 84.50 per barrel. Domestic equity markets were trading almost flat in morning session on Monday. Benchmark Sensex gained around 0.1 per cent to trade at 72,718.72 while Nifty edged up 0.06 per cent to 22,036.20. Foreign investors turned net buyers in Indian stocks on Friday as they purchased sha

Forex reserves surge by over $10 billion to hit over two-year high

The dollar index fell to around 102 at the end of the week, down from 103 at the start of the week

Rupee depreciates 5 paise to 82.86 against US dollar in early trade

The rupee depreciated 5 paise to 82.86 against the US dollar in early trade on Thursday, tracking a negative trend in domestic equities. Forex traders said the strength of the American currency, foreign fund outflows, and elevated crude oil prices in the international market dented investors' sentiments. At the interbank foreign exchange, the rupee opened at 82.84 against the dollar and touched an early low of 82.86 in initial trade, registering a fall of 5 paise over its previous close. On Wednesday, the rupee had settled at 82.81 against the US dollar. "Rupee weakened on Wednesday as the sentiment was dampened by a sell-off in equities. Nevertheless, rupee is still the best performing Asian currency in 2024 so far, having strengthened 0.4 per cent against the US dollar," IFA Global Research Academy said in a research note. Rupee is likely to trade in the 82.75-82.90 range with sideways price action, the note added. Meanwhile, the dollar index, which gauges the greenback's stren

Rupee depreciates 5 paise to 82.85 against US dollar in early trade

The rupee depreciated 5 paise to 82.85 against the US dollar in early trade on Wednesday, as the strength of the American currency in the international market and elevated crude oil prices dented investors' sentiment. Forex traders said the rupee is expected to trade with a slight negative bias on recovery in the greenback and concerns over elevated crude oil prices. However, a positive tone in domestic markets may support the rupee at lower levels. At the interbank foreign exchange, the rupee opened at 82.82 against the dollar and touched an early low of 82.85 against the greenback. On Tuesday, the rupee consolidated in a narrow range and settled for the day 5 paise lower at 82.80 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 102.88, lower 0.07 per cent. The US dollar held steady as traders weighed hotter-than-expected US CPI inflation which came at 3.2 per cent against last month's figures of

As Rupee appreciates, importers take advantage of unexpected up move

The rupee has been in a narrow 3 paisa range, having reached a more than six-month high on Monday

RBI buying dollars via state-run banks amid persistent foreign inflows

The Reserve Bank of India (RBI) purchased dollars at levels between 82.65 and 82.68 amid persistent foreign inflows, the traders said

Rupee appreciates 9 paise to 82.74 against US dollar in early trade

The rupee stayed firm and rose 9 paise to 82.74 against the US dollar in early trade on Thursday on the back of a weak American currency overseas and sustained inflow of foreign funds in the domestic capital markets. The local currency also found support from positive equity markets, however, volatile crude oil prices capped its rally, forex traders said. At the interbank foreign exchange, the domestic currency opened at 82.82 and gained further to trade at 82.74 against the greenback, climbing 9 paise from its previous close. On Wednesday, the rupee settled 7 paise higher at 82.83 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined by 0.07 per cent to 103.24. The low level of dollar index was attributed to the US payroll data released on Wednesday, which showed lower-than-expected job growth in February. Also, the indication of dovish monetary policy moves by Federal Reserve chairman Jerome Powell

Rupee turns flat at 82.90 against US dollar, resists downward pressure

The rupee stayed flat at 82.90 against the US dollar in early trade on Wednesday, resisting downward pressure from a stronger American currency and volatile crude oil prices in the overseas markets. The local unit was also dragged down by the negative sentiment in the equity markets, however, it found support due to some fresh inflow of foreign funds, forex traders said. At the interbank foreign exchange, the domestic currency opened at the previous day's closing level of 82.90 and oscillated between 82.89 and 82.91 against the greenback. On Tuesday, the rupee settled flat at 82.90 against the US dollar. Gaurang Somaiya, forex and bullion analyst, Motilal Oswal Financial Services, said the rupee traded in a narrow range and volatility remained low despite weakness in the dollar against its major crosses. The restricted movement in the Indian currency was attributed to the services PMI (Purchasing Managers' Index) data in the US, which showed the sector's growth in February fell sh

Rupee declines 2 paise to 82.92 against US dollar in early trade today

The rupee declined 2 paise to 82.92 against the US dollar in early trade on Tuesday, tracking a stronger American currency against major overseas rivals and outflow of foreign funds from domestic capital markets. Though a downward trend in the crude oil prices cushioned the Indian currency, it was weighed down by the subdued equity market sentiment, forex traders said. At the interbank foreign exchange, the domestic currency opened at 82.90 and slipped further to trade at 82.92 against the greenback, registering a loss of 2 paise from its previous close. On Monday, the rupee settled 1 paise lower at 82.90 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 103.81. Brent crude futures, the global oil benchmark, fell 0.17 per cent to USD 82.66 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 259.97 points or 0.35 per cent lower at 73,612.32 points. The broad

Rupee appreciates 4 paise to 82.87 against US dollar in early trade

The rupee appreciated 4 paise to 82.87 against the US dollar in early trade on Monday, amid a weak American currency against major rivals overseas and inflow of foreign funds in the domestic capital markets. A positive sentiment in the equity markets supported the rupee, though the local unit was weighed down by an upward movement in the crude oil prices, forex traders said. At the interbank foreign exchange, the domestic currency opened at 82.86 and slipped further to trade at 82.87 against the greenback, registering a gain of 4 paise from its previous close. On Friday, the rupee settled 2 paise lower at 82.91 against the US dollar. Gaurang Somaiya, forex and bullion analyst, Motilal Oswal Financial Services, said, the rupee gained primarily as the dollar fell against major crosses and also supported by better-than-expected GDP data on the domestic front. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.01 per cent to ...

Rupee appreciates 2 paise to 82.89 against US dollar in early trade

The rupee appreciated 2 paise to 82.89 against the US dollar in early trade on Thursday, tracking a weak American currency and a downward trend in the crude oil prices. The domestic unit, however, weighed down by a volatile equity market and unabated outflow of foreign funds, forex traders said. Market participants were also awaiting the domestic GDP data to be released later in the day, they said. At the interbank foreign exchange, the local currency opened at 82.88 and dipped to 82.89 against the greenback, registering a gain of 2 paise from its previous close. On Wednesday, the rupee settled 2 paise lower at 82.91 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.11 per cent lower at 103.86 on Thursday. Analysts said the dip in the American currency was an instant reaction to the US macroeconomic data which projected a slightly lower growth rate for the world's largest economy. According to Gaurang Somaiya

Adani Green plans to raise $409 million US dollar bonds to repay loan

Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, plans to raise USD 409 million through US dollar-denominated bonds to repay a debt obligation falling this year. In a regulatory filing, the company said the bond will have a door-to-door tenor of 18 years. The proceeds will be used to redeem the USD 500 million 6.25 per cent senior secured notes due 2024, it said adding these notes were issued on June 10, 2019. Three subsidiaries of Adani Green Energy Twenty-three Ltd, a unit of AGEL, are co-issuers. AGEL has a portfolio of 20,844 MW of operational and under execution projects to produce electricity from solar energy. Separately, Fitch Ratings said it has the proposed bond issue an expected rating of 'BBB-(EXP)'. "The Outlook is Stable." "The company plans to use the proposed US dollar notes to refinance its five-year bullet USD 500 million senior secured notes due 2024. The proposed notes will have security and protective structural fea

Rupee flat at 82.88 against US dollar amid withdrawal of foreign funds

The rupee turned flat at 82.88 against the US dollar in early trade on Tuesday amid subdued equity market sentiment and withdrawal of foreign funds. According to forex analysts, support from a weak American currency was negated by higher level of crude oil prices even as investors adopted cautious move awaiting cues from domestic as well as global macroeconomic data. At the interbank foreign exchange, the local currency opened at 82.87 and then slipped further to trade at 82.88 against the greenback, the previous day's closing level. On Monday, the rupee settled 3 paise higher at 82.88 against the US dollar. According to Gaurang Somaiya, forex and bullion analyst, Motilal Oswal Financial services, the rupee traded almost flat and stuck in a narrow range and most market participants remained cautious ahead of a week filled with key economic data releases that will provide further clues on global interest rate outlook. "On the domestic front, Q4 GDP number will be released this week

Rupee appreciates 2 paise to 82.89 against US dollar in early trade

The rupee appreciated 2 paise to 82.89 against the US dollar in early trade on Monday on the back of foreign funds inflow and retreating crude oil prices in the overseas market. Forex traders said subdued equity market sentiment and strengthening American currency weighed on the domestic unit. Also, they said investors adopted cautious approach ahead of inflation and other macroeconomic data to be released in India as well as in the US later this week. At the interbank foreign exchange, the local currency opened at 82.88 and slipped further to 82.89 against the greenback, registering a gain of 2 paise from the previous close. On Friday, the rupee settled 6 paise lower at 82.91 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.06 per cent higher at 103.92. Brent crude futures, the global oil benchmark, was trading 0.45 per cent lower at USD 82.25 per barrel. In the domestic equity market, the 30-share BSE Sens

Rupee appreciates 4 paise to 82.92 against US dollar in early trade

The rupee stayed firm for the fourth straight session and gained 4 paise to 82.92 against the US dollar in early trade on Thursday, tracking a weak American currency against major overseas rivals. Forex trader said, however, the Indian currency was under pressure due to subdued equity market sentiment and elevated level of crude oil prices. At the interbank foreign exchange, the domestic currency opened at 82.94 and gained further to 82.92 against the greenback in initial deals, registering a gain of 4 paise from its previous close. The rupee settled 1 paisa higher at 82.96 against the US dollar on Wednesday, after witnessing a cumulative gain of 8 paise in the preceding two sessions. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent lower at 103.87. Analysts attributed the retreating dollar index to the US Federal Reserve's minutes that reflected policy makers' cautious approach, ebbing the possibility

Rupee appreciates 6 paise to 82.91 against US dollar in early trade

The rupee sustained its upward momentum for the third straight session and gained 6 paise to 82.91 against the US dollar in early trade on Wednesday, tracking a weak American currency and positive equity market sentiment. However, selling pressure from foreign equity investors amid elevated level of crude oil prices resisted a sharp gain in the domestic currency, analysts said. At the interbank foreign exchange, the domestic currency opened at 82.90 and slipped to 82.91 against the greenback in initial deals, registering a gain of 6 paise from its previous close. The rupee settled 4 paise higher at 82.97 against the US dollar on Tuesday, a day after gaining 4 paise in the preceding trading session on Friday. The currency market was closed on Monday on account of Chatrapati Shivaji Maharaj Jayanti. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.07 per cent lower at 103.90. Brent crude futures, the global oil benchmark, .

Rupee appreciates 2 paise to 82.99 against US dollar in early trade

The rupee rose 2 paise to 82.99 against the US dollar in early trade on Tuesday, amid softening crude oil prices in the overseas market. Forex traders said, however, a strong American currency, withdrawal of foreign funds and subdued equity market sentiment kept the local unit under pressure. At the interbank foreign exchange, the domestic currency opened at 83.02 and inched up to 82.99 against the greenback in initial deals, registering a gain of 2 paise from its previous close. On Friday, the rupee settled 4 paise higher at 83.01 against the US dollar. The currency derivatives market was closed on Monday on account of Chatrapati Shivaji Maharaj Jayanti. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.13 per cent higher at 104.28. Brent crude futures, the global oil benchmark, declined 0.13 per cent to USD 83.45 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 164.66 points or 0.23 per ce