Page 43 - Us Dollar

Rupee appreciates by 19 paisa to settle at Rs 83.08 ahead of Fed outcome

The rupee had hit a fresh closing low of Rs 83.27 per US dollar on Monday, influenced by rising US Treasury yields and crude oil prices

Dollar near six-month high before key central bank interest rate decisions

The euro was up 0.1% against the dollar at $1.0667. the yen was up a similar amount at 147.69 to the dollar, with traders out for a Japanese public holiday

Rupee settles near an all-time closing low as trade deficit widens

The surplus liquidity in the banking system fell to Rs 2,696 crore on Thursday ahead of the second tranche of Incremental Cash Reserve Ratio (I-CRR) disbursement on September 23

Dollar hits 6-month high after data as ECB wraps up rate hiking cycle

U.S. retail sales increased by 0.6% in August, more than expected 0.2% rise, boosted by higher gasoline prices while weekly initial jobless claims rose to 220,000 but were below the 225,000 forecast

Rupee up 10 paise to 82.93 amid positive trend in domestic equities

The rupee appreciated by 10 paise to 82.93 against the US dollar in early trade on Tuesday tracking a positive trend in domestic equities and foreign fund inflows. Forex traders said the rupee is trading in a narrow range as the soft US dollar and positive domestic markets provided support, while concerns over global economic slowdown and rising expectations of a rate hike by FOMC amid strong economic data from the US may cap sharp gains for the local unit. At the interbank foreign exchange, the domestic unit opened at 82.93, registering a rise of 10 paise over its last close. On Monday, the rupee closed on a flat note at 83.03 against the American currency. In the initial trade, the rupee also touched a low of 83.00 against the greenback. "Major crosses have been weighed down in the last few weeks following broader strength in the dollar. Safe haven buying in the greenback is witnessed also as economic concerns in China continue to weigh on the overall market sentiment," Gaurang

Rupee continued upward trend, rises 9 paise to 82.93 against US dollar

The rupee continued its upward trend for the second straight session and appreciated by 9 paise to 82.93 against the US dollar in early trade on Monday, tracking positive cues from domestic equity markets and a weak American currency against major overseas rivals. However, firm crude oil prices hovering above USD 90 per barrel and outflow of foreign funds weighed on the Indian currency, forex traders said. At the interbank foreign exchange, the domestic unit opened 9 paise higher at 82.93 and traded in a narrow range of 82.90 to 82.96 against the greenback. On Friday, the rupee closed at 83.02 against the US dollar. Gaurang Somaiya, forex and bullion analyst, Motilal Oswal Financial Services, said this week the domestic inflation number will be important to watch and could trigger volatility for the currency. "Today, volatility for major crosses including the rupee could remain low as no major economic data is expected to release. We expect the USDINR (Spot) to trade sideways with

Rupee rises 10 paise to 83.13 against US dollar, recovers from all-time low

The rupee recovered from its all-time low levels and appreciated by 10 paise to 83.13 against the US dollar in early trade on Friday, tracking a positive trend in domestic equities. Forex traders said the rupee is trading in a narrow range as firm crude oil prices and the strength of the American currency in the overseas market dented investor sentiments, while positive domestic equities cushioned the downside. At the interbank foreign exchange, the domestic unit opened at 83.13, registering a rise of 10 paise over its last close. On Thursday, the rupee depreciated 10 paise to its lifetime low of 83.23 against the US dollar. Forex traders expect the rupee to trade with a negative bias on a strong dollar and elevated crude oil prices. Disappointing European data may further support the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.15 per cent to 104.89. Brent crude futures, the global oil benchmark, fell 0.

Rupee closes at record low vs dollar amid China slowdown concerns

In the current financial year, the rupee has depreciated by 1.25 per cent. It depreciated by 7.8 per cent in the previous financial year, FY22

Rupee depreciates 2 paise to hit lowest level of 83.15 against US dollar

The rupee fell 2 paise to hit the lowest level of 83.15 against the US dollar in early trade on Thursday amid a strong American currency and elevated crude oil prices. Forex traders said, massive selling of equities by foreign investors in the past few sessions and subdued market sentiment also put pressure on the Indian currency. Crude oil breached the level of USD 90 per barrel after oil producing countries agreed to extend supply cut till December this year, while dollar strengthened on safe-haven demand. At the interbank foreign exchange, the domestic unit opened at 83.15 against the dollar, 2 paise lower from its previous close. The unit traded in a narrow range of 83.14 to 83.16 against the greenback. On Wednesday, the rupee declined by 9 paise to close at 83.13 against the dollar. Earlier, the rupee had touched the level of 83.13 on August 21 this year. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by

Rupee to stay weak, third of analysts expect new low within a year: Poll

However, the RBI's regular interventions, which have brought foreign currency reserves below $600 billion, ensured limited depreciation

Dollar hits six-month peak after strong US data, weak yen draws warning

The greenback recovered against most currencies after the data, with the euro and sterling hitting three-month lows and the yen touching session troughs

Rupee falls to 3-week low against dollar amid weakness in Asian currencies

Moreover, oil companies bought dollars as the Brent crude oil prices rose to $88.70 per barrel, which further weighed on the Indian currency

Rupee depreciates 13 paise to 82.84 against US dollar in early trade

The rupee depreciated 13 paise to 82.84 against the US dollar in early trade on Tuesday amid the withdrawal of foreign funds from domestic equities and firm crude oil prices. Positive sentiment in the equity markets failed to provide support to the Indian currency facing pressure due to the elevated level of greenback, forex traders said. At the interbank foreign exchange, the domestic unit opened at 82.78, then touched the lowest level of 82.84 against the American currency, registering a decline of 13 paise over its last close. On Monday, the rupee had settled at 82.71 against the dollar. Gaurang Somaiya, forex and bullion analyst at Motilal Oswal Financial Services, said, "Volatility in rupee remained low following lack of cues on the domestic as well as global front." In the next couple of sessions, services PMI number from major economies will likely trigger a move for the rupee. "Today, the focus will be on the services PMI number that will be released from the Euro zone an

Rupee depreciated 15 paise to 82.77 against US dollar amid firm oil prices

The rupee depreciated 15 paise to 82.77 against the US dollar in early trade on Monday as firm crude oil prices weighed on investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.71, then touched 82.77, registering a decline of 15 paise over its last close. On Friday, the rupee had settled at 82.62 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.06 per cent to 104.17. "This week, services PMI and factory orders number from the US will be important to watch. Better-than-expected data could lift the dollar further higher," said Gaurang Somaiya, forex and bullion analyst, Motilal Oswal Financial Services. Somaiya further said,"We expect the USDINR (Spot) to trade sideways with a negative bias and quote in the range of 82.30 and 82.80." Brent crude futures, the global oil benchmark, rose 0.01 per cent to USD 88.56 per barrel on tighter supply outlook. In the

Rupee settles off-highs as oil companies buy dollars in domestic market

However, the rupee gave up early gains as oil companies bought dollars in the domestic market after Brent crude oil rose to $87 per barrel in international markets

Rupee appreciates marginally to 82.62 against US dollar in early trade

The rupee traded in a narrow range and appreciated by 1 paise to 82.62 against the US dollar in early trade on Thursday amid a positive trend in the domestic equity market. Outflow of foreign funds and relatively higher crude prices weighed on the domestic unit, according to forex traders. Investors are also awaiting the GDP data for the first quarter of the current fiscal that will be released later in the day. At the interbank foreign exchange, the domestic unit opened at 82.65 and traded between the peak of 82.58 and the lowest level of 82.73 against the greenback. Later, the rupee was trading at 82.62 against the dollar, registering a gain of 1 paise from its previous close. On Wednesday, the rupee closed at 82.63 against the dollar. The latest US data indicated that the pace of employment growth was less than expected in August, raising hopes for easing of interest rates by the Federal Reserve. Gaurang Somaiya, forex and bullion analyst at Motilal Oswal Financial Services,

Rupee appreciates 12 paise to 82.52 against US dollar in early trade

The rupee was trading in a narrow range and appreciated by 12 paise to 82.52 against the US dollar in early trade on Monday, tracking positive Asian peers and domestic equities. Forex traders said the rupee is trading in a range as selling pressure by foreign investors dented sentiments, while easing crude oil prices cushioned the downside. At the interbank foreign exchange, the domestic unit opened at 82.58, then touched a high of 82.52 against the American currency, registering a rise of 12 paise over its last close. In initial trade, the rupee also touched a low of 82.59 against the American currency. On Friday, the rupee declined by 8 paise to settle at 82.64 against the US dollar. "After a not too hawkish Powell in Jackson Hole Symposium on Friday risk assets were all up as Dow Jones Rose by 247 points and Asian stocks were also up," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Bhansali further said the rupee has gained slig

Rupee appreciates 25 paise to 82.47 against US dollar amid foreign inflows

The rupee registered the highest single-day gain in nearly two months and surged by 25 paise to 82.47 against the US dollar in early trade on Thursday amid a weakening dollar, foreign funds inflows and positive equity markets. According to reports, the rupee's sharp gain of 52 paise in the past two sessions was attributed to Reserve Bank of India's move to prevent banks from indulging in short-term trading in offshore currency markets. Forex traders said selling pressure in the greenback and retreating crude oil prices also boosted the Indian currency even as investors traded cautiously ahead of the BRICS summit and US Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium during August 24-26. At the interbank foreign exchange, the domestic unit opened strong at 82.55 and touched the peak of 82.36 against the American currency. It later traded at 82.47, registering a rise of 25 paise over its previous close. On Wednesday, the rupee had appreciated by 27 paise to clo

Dollar slips as data shows economy near stalling point, growth at weakest

The U.S. dollar index - which measures the currency against six major counterparts - was down 0.06% at 103.53

Rupee appreciates 7 paise to 83.06 against US dollar in early trade

The rupee recovered from its all-time low levels and appreciated by 7 paise to 83.06 against the US dollar in early trade on Tuesday, as the American currency retreated from its elevated levels. Forex traders said the rupee is trading in a narrow range as selling pressure by foreign investors dented sentiments, while the weak tone in US dollar and positive domestic markets cushioned the downside. At the interbank foreign exchange, the domestic unit opened at 83.07, then touched a high of 83.06 against the American currency, registering a rise of 7 paise over its last close. On Monday, the rupee depreciated by 3 paise and settled for the day at an all-time low of 83.13 against the US dollar. "Rupee in the last one week has witnessed quite a bit of action but in the last couple of sessions it is consolidating in a narrow range and volatility has been low," said Gaurang Somaiya forex and bullion analyst, Motilal Oswal Financial services. Somaiya further added that the US dollar too i