Page 50 - Us Dollar

Rupee falls 26 paise to 82.49 against US dollar

The rupee declined by 26 paise to 82.49 (provisional) against the US dollar on Tuesday amid stronger dollar, negative sentiment in the domestic equity market and unabated foreign fund outflows. At the interbank foreign exchange, the domestic unit opened lower at 82.27 against the dollar and traded between the range of 82.24 and 82.50 during intra-day. It finally settled at 82.49 (provisional) against the American currency. This is the second consecutive day of decline in the Indian currency. On Monday, the rupee settled at 82.23 against the US dollar. Jateen Trivedi, VP Research Analyst at LKP Securities, attributed the fall in rupee to the spillover fears after the collapse of the Silicon Valley Bank in the US. "The Rupee fall continued as the Silicon Valley Bank in the US has spread concerns over the spillover fears after its collapse and in line with Asian peers. Rupee this time, fell below 82.48 levels which were last seen on 3rd March 23. "The ripple effect can keep the forex

Rupee depreciates 12 paise to 82.35 against US dollar in early trade

The rupee depreciated by 12 paise to 82.35 against the US dollar in early trade on Tuesday, amid stronger dollar and foreign fund outflow from the domestic equity market. At the interbank foreign exchange, the domestic unit opened lower at 82.27 against the dollar and rose to 82.24 before slipping to 82.35. On Monday, the rupee settled at 82.23 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies rose 0.26 per cent to 103.86. Global oil benchmark Brent crude futures fell 1.08 per cent to USD 79.90 per barrel. On the domestic equity market front, the 30-share BSE Sensex was trading 36.50 points or 0.06 per cent higher at 58,274.35 points while the broader NSE Nifty was up 38.85 points or 0.23 per cent to 17,193.15 points. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday as they offloaded shares worth Rs 1,546.86 crore, according to exchange data. The collapse of two banks in the U

Rupee appreciates 25 paise to 81.81 against US dollar in early trade

The rupee appreciated by 25 paise to 81.81 against the US dollar in early trade on Monday, tracking positive sentiments in the domestic equity market and subdued dollar against major currencies. At the interbank foreign exchange, the domestic unit opened at 81.78 against the dollar and slipped to 82.06. Later, it gained ground to reach 81.81 registering an increase of 25 paise over its previous close. On Friday, the rupee settled at 82.06 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies fell 0.77 per cent to 103.78. Brent crude futures, the global oil benchmark, rose 0.30 per cent to USD 83.03 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 262.24 points or 0.44 per cent higher at 59,397.37 points. The broader NSE Nifty rose 79.50 points or 0.46 per cent to 17,492.40 points. Investors are closely watching the developments following the collapse of the Silicon Valley Bank in the US. On

Foreign exchange reserves snap 4-week falling streak, grow by $1.5 bn

RBI's foreign currency assets up $1.2 billion to $497.1 bn last week

Rupee depreciates 8 paise to 82.14 against US dollar in early trade

The rupee depreciated by 8 paise to 82.14 against the US dollar in early trade on Friday, weighed down foreign fund outflows and losses in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.12 against the dollar fell further to 82.14, registering a decline of 8 paise over its last close. On Thursday, the rupee settled at 82.06 against the US dollar. "The 81.70-80 zone seems protected by the importer's dollar demand and suspected RBI intervention, which brought the INR back to 82.00 levels," CR Forex Advisors MD Amit Pabari said. Moreover, the March seasonality due to the financial year end and prospects of further FDI flows could help the rupee limit losses, despite weaker Asian peers over the past month, Pabari added. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 105.18. "The DXY weakened from 105.70 to 105.20 as traders booked profits on the back of increased unemployment

RBI possibly buying dollars in spot, paying forwards via PSBs: Traders

The Reserve Bank of India (RBI) was possibly buying dollars in spot and paying in forwards via public sector banks on Thursday to mop up foreign currency inflows, three traders told Reuters

Rupee appreciates 13 paise to 81.82 against US dollar in early trade

The rupee gained 13 paise to 81.82 against the US dollar in early trade on Thursday, boosted by foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 81.93 against the dollar, then climbed to 81.82, registering a rise of 13 paise over its previous close. On Wednesday, the rupee closed at 81.95 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 105.63. Overall, higher US bond yields and risk-off-tilted equity sentiment are making a base case for the stronger USD, CR Forex Advisors MD Amit Pabari said, adding that FDI and FPIs have acted as life support for the rupee. "In March, they (FPIs) are net investors with more than Rs 10,000 crore in equities... we could see rupee trading in the range of 81.50 to 82.50 over the short-term," Pabari said. Foreign Institutional Investors (FIIs) were net buyers in the capital market on Wednesday as they purchased sha

Rupee slides as Federal Reserve's Powell hints at higher US terminal rates

In a bid to bring down high inflation, the Fed has, since March 2022, hiked interest rates by 450 basis points

Federal Reserve Chair Jerome Powell pushes dollar to three-month high

The rising greenback broke above its 200-day moving average against the yen for the first time this year in Asia trade, hitting its highest since mid-December at 137.49 yen

Rupee appreciates 24 paise to 81.73 against US dollar in early trade

The rupee gained 24 paise to 81.73 against the US dollar in early trade on Monday amid a positive trend in domestic equities. Forex traders said foreign fund inflows also supported the local unit. At the interbank foreign exchange, the domestic unit opened at 81.85 against the dollar, then climbed to 81.73, registering a rise of 24 paise over its previous close. On Friday, the rupee closed at 81.97 against the US currency. The forex traders said the rupee is likely to trade with a positive bias on improved global risk sentiments and fresh foreign fund inflows. Moreover, weak crude oil prices and muted dollar index may also support the domestic currency, they added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.09 per cent to 104.43. Brent crude futures, the global oil benchmark, declined 0.70 per cent to USD 85.23 per barrel. In the domestic equity market, the 30-share BSE Sensex rose 564.81 points or 0.94 per cent

Rupee poised to extend rally on soft dollar index, positive risk mood

The non-deliverable forwards indicate the rupee will open at around 81.85 to the dollar compared with 81.9650 in the previous session

Dollar subdued as traders eye Powell's testimony, February jobs report

The dollar index, which measures the U.S. currency against six major peers, was down 0.057% at 104.560, but not far off a seven-week high of 105.36 it touched last week

Rupee rises 36 paise to 82.24 against US dollar on foreign fund inflows

The rupee gained 36 paise to 82.24 against the US dollar in early trade on Friday as fresh foreign fund inflows and a positive trend in domestic equities strengthened investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.28 against the dollar, then gained ground and rose to 82.24, registering a rise of 36 paise over its previous close. On Thursday, the rupee closed at 82.60 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.13 per cent to 104.88. Brent crude futures, the global oil benchmark, declined 0.39 per cent to USD 84.42 per barrel. "The Indian rupee had the best week after more than one month, helped by the renewed risk-on sentiment in global markets. The rupee seems to be gaining in the NDF market suggesting offshore players did a long unwinding of the USD position," CR Forex Advisors MD Amit Pabari said. Also, inflows of over Rs 12,000 crore on the back o

Rupee falls 11 paise to 82.60 against US dollar, oil advances 0.04%

The rupee depreciated 11 paise to 82.60 against the US dollar in early trade on Thursday, weighed down by strength of the American currency in the overseas market. Sustained foreign fund outflows further dented investor sentiments, according to forex traders. At the interbank foreign exchange, the domestic unit opened weak at 82.57 against the dollar, then fell to 82.60, registering a decline of 11 paise over its last close. On Wednesday, the rupee settled at 82.49 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 11 per cent to 104.59. Brent crude futures, the global oil benchmark, advanced 0.04 per cent to USD 83.34 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 303.83 points or 0.51 per cent lower at 59,107.25. The broader NSE Nifty declined 80.70 points or 0.46 per cent to 17,370.20. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday

Rupee appreciates 22 paise to 82.36 against US dollar in early trade

The rupee gained 22 paise to 82.36 against the US dollar in early trade on Wednesday amid a positive trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on the local unit and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.48 against the dollar, then gained ground and rose to 82.36, registering a rise of 22 paise over its previous close. On Tuesday, the rupee closed at 82.58 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 104.84. Brent crude futures, the global oil benchmark, advanced 1.75 per cent to USD 83.89 per barrel. In the domestic equity market, the 30-share BSE Sensex rose 202.36 points or 0.34 per cent to 59,164.48 points. The broader NSE Nifty advanced 60.80 points or 0.35 per cent to 17,364.75 points. Foreign Institutional Investors (FIIs) were net sellers in the capital market on

Rupee depreciates by 10 paise to close at 82.85 against US dollar

The rupee depreciated by 10 paise to close at 82.85 (provisional) against the US currency on Monday as a stronger dollar in the overseas market and a muted trend in domestic equities weighed on investor sentiments. At the interbank foreign exchange market, the rupee opened at 82.87 against the greenback and closed at 82.85 (provisional), registering a fall of 10 paise over its previous close of 82.75. During the session, the domestic unit witnessed an intra-day high of 82.82 and a low of 82.94 against the American dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally lower at 105.15. Global oil benchmark Brent crude futures advanced 0.46 per cent to USD 83.54 per barrel. The Indian rupee depreciated on weak domestic markets and a strong greenback. Surge in crude oil prices and FII outflows also weighed on rupee, said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas. Dollar strengthened on

Rupee falls 19 paise to 82.94 against US dollar on muted domestic equities

The rupee depreciated 19 paise to 82.94 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.87 against the dollar, then fell further to 82.94, registering a decline of 19 paise over its last close. In the previous session on Friday, the rupee settled at 82.75 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 105.25. Forex traders said the Indian rupee depreciated on weak domestic markets and a positive greenback. Rebound in crude oil prices also weighed on the rupee. Meanwhile, Brent crude futures, the global oil benchmark, declined 0.38 per cent to USD 82.84 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 159.67 points or 0.27 per cent lower at 59,300.22. The broader NSE Nifty declined 46.90 points or 0.27 per cent to

India's foreign exchange reserves at 11-week low, down for third week

In the week gone by, the rupee depreciated 0.4 per cent against the US dollar, settling at 82.83 per US dollar on February 17

US dollar surges to seven-week highs after strong inflation data

Dollar climbed to seven-week peaks on Friday, after data showed US inflation accelerated while consumer spending rebounded last month

Rupee depreciates 9 paise to 82.73 against US dollar in early trade

The rupee depreciated 9 paise to 82.73 against the US dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market. Sustained foreign fund outflows further dented investor sentiments, according to forex traders. At the interbank foreign exchange, the domestic unit opened weak at 82.67 against the dollar, then fell to 82.73, registering a decline of 9 paise over its last close. On Thursday, the rupee settled at 82.64 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 104.55. Brent crude futures, the global oil benchmark, advanced 0.81 per cent to USD 82.88 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 83.96 points or 0.14 per cent higher at 59,689.76 points. The broader NSE Nifty advanced 19.25 points or 0.11 per cent to 17,530.50 points. Foreign Institutional Investors (FIIs) were net sellers in the capital market