Page 51 - Us Dollar

Rupee gains 11 paise to 82.77 against US dollar in Thursday's early trade

The rupee gained 11 paise to 82.77 against the US dollar in early trade on Thursday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 82.78 against the dollar and marginally rose to 82.77, registering a rise of 11 paise over its previous close. On Wednesday, the rupee closed at 82.88 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.23 per cent to 104.34. Brent crude futures, the global oil benchmark, advanced 0.48 per cent to USD 80.99 per barrel. "US Federal Reserve officials in their most recent Federal Open Market Committee (FOMC) meeting on February 1 indicated that there are signs inflation is coming down but not enough to counter the need for more interest rate hikes," Mitul Shah, Head of Research Institutional Desk at Reliance Securities, said. In the domestic equity market, the 30-share BSE Sensex fell 166.23 poin

Rupee falls 4 paise to 82.83 against US dollar on muted domestic equities

The rupee depreciated 4 paise to 82.83 against the US dollar in early trade on Wednesday, weighed down by a muted trend in domestic equities. However, fresh foreign fund inflows and a weak American currency against major rivals overseas capped the losses in the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened flat at 82.79 against the dollar. Later, it lost some ground to quote at 82.83, registering a decline of 4 paise over its last close. In the previous session on Tuesday, the rupee settled at 82.79 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.09 per cent to 104.01. Brent crude futures, the global oil benchmark, rose slightly by 0.06 per cent to USD 83.10 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 279.41 points or 0.46 per cent lower at 60,393.31. The broader NSE Nifty fell 86.55 points or 0.49 per cent to ...

Rupee's expected volatility against dollar hits 7-month low, at 4.50/4.80%

Indian rupee's expected volatility against the dollar over the next one month hit its lowest level in almost seven months on Tuesday

Dollar buoyant in early trade as robust US data keep Fed hawks in control

The greenback advanced broadly in early Asia trade, sending sterling 0.12% lower to $1.2028 and the Aussie falling 0.18% to $0.6866

Flows into NRI deposits up 76% to $5.4 billion in April-December

Outstanding amounts stable in December compared to November

RBI likely sold dollars in NDF market to keep rupee stronger: Bankers

Two of the bankers said that the RBI had been selling dollars in the NDF market prior to the opening of the onshore over-the-counter markets

Rupee depreciates 8 paise to 82.78 against US dollar in early trade

The rupee depreciated 8 paise to 82.78 against the US dollar in early trade on Friday, 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 82.77 against the dollar, then fell further to 82.78, registering a decline of 8 paise over its last close. In the previous session on Thursday, the rupee settled at 82.70 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.40 per cent to 104.27. "The dollar index rose beyond 104 levels as the US Producer Price Index (PPI) came higher than expected taking US 10-year yields to 3.89 per cent," said Anil Kumar Bhansali, Head of Treasury Finrex Treasury Advisors LLP. According to him, the chances of the rupee breaking the 83 level is high if the dollar index rises further. Meanwhile, Brent crude futures, the global oil benchmark, declined 0.79 per cent to USD 84.47 per barrel. In th

Dollar jumps to six-week high in early trade on higher rate expectations

The latest data releases gave the US dollar a leg up, knocking sterling to a fresh six-week low of $1.1952 on Friday

Dollar hits 6-wk high vs yen, rallies from 2-week low after inflation data

The dollar index, which measures the greenback against a basket of major currencies, was last flat at 103.22. It dropped as low as 102.50, its weakest level since Feb 3

Rupee falls 15 paise to close at 82.73 vs US dollar on muted domestic trend

The rupee fell by 15 paise to close at 82.73 (provisional) against the US currency on Monday, weighed down by gains in the greenback in the overseas markets and a muted trend in domestic equities. Firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange market, the rupee opened at 82.68 against the greenback, and fell to an intra-day low of 82.77. It finally settled at 82.73 (provisional), down 15 paise over its previous close. In the previous session on Friday, the rupee settled at 82.58 against the dollar. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated on a weak tone in Asian markets and a strong dollar. Traders also pared their positions ahead of CPI data which is expected a tad higher from the previous month's reading. However, a weak start to crude oil on Monday cushioned the downside. "We expect the rupee to trade with a negative bias amid risk aversion in global

Rupee depreciates 17 paise to 82.75 against US dollar in early trade

The rupee depreciated 17 paise to 82.75 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. Firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.68 against the dollar, then fell to 82.75, registering a decline of 17 paise over its last close. In the previous session on Friday, the rupee settled at 82.58 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 103.78. Brent crude futures, the global oil benchmark, declined 0.83 per cent to USD 85.67 per barrel. Forex traders said the rupee is likely to trade with a slight negative bias amid risk aversion in global markets. Moreover, a sharp pullback in crude oil prices and strong dollar on hawkish tone of Fed may also put pressure on the rupee. In the domestic equity mar

India's forex drops by $1.494 bn to reach $575.267 bn as of Feb 3: RBI data

India's foreign exchange reserves dropped by USD 1.494 billion to reach USD 575.267 billion as of February 3, snapping a three-week rising trend, RBI data showed on Friday. In the previous reporting week, the overall reserves had jumped by USD 3.03 billion to USD 576.76 billion. In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments. For the week ended February 3, the foreign currency assets, a major component of the reserves, decreased by USD 1.323 billion to USD 507.695 billion, according to the Weekly Statistical Supplement released by the RBI. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. After rising for multiple weeks, gold reserves decreased by USD 246 ..

Rupee falls 12 paise to 82.63 against US dollar on strong greenback

The rupee depreciated 12 paise to 82.63 against the US dollar in early trade on Friday as a lacklustre trend in domestic equities and a strong greenback in the overseas markets dented investor sentiments. Besides, sustained foreign fund outflows and elevated crude oil prices in the international market weighed on the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.61 against the dollar, then fell further in early deals to 82.63, registering a decline of 12 paise over its last close. On Thursday, the rupee appreciated 3 paise to close at 82.51 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 103.38. Brent crude futures, the global oil benchmark, declined 0.19 per cent to USD 84.34 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 183.51 points or 0.30 per cent lower at 60,622.71 points. The broader

After initial losses, rupee settles flat at 82.54 against US dollar

The rupee pared initial losses and settled on a flat note at 82.54 (provisional) against the US dollar on Thursday, supported by a rebound in domestic equities. At the interbank foreign exchange market, the local unit opened at 82.59 against the American currency and touched a low of 82.66 and a high of 82.48 intra-day. It finally settled at 82.54 against the greenback, unchanged from its previous close. In the previous session on Wednesday, the rupee had appreciated 16 paise after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.36 per cent to 103.03. Global oil benchmark Brent crude futures advanced 0.19 per cent to USD 85.25 per barrel. "The Indian rupee depreciated against the US dollar amid fund outflows and risk-averse sentiments. However, the loss was limited following the state-run banks' dollar supply following inflows from the issuance of green .

Dollar flat after Fed official comments; focus on CPI data next week

The dollar index, which measures the US currency against six rivals, was 0.029% higher on Thursday at 103.460, having dropped nearly 0.3% in the previous session

Rupee appreciates 19 paise to end at 82.51 against US dollar

The rupee appreciated 19 paise to close at 82.51 (provisional) against the US dollar on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. A rally in the domestic equity markets and weakness in the greenback against major crosses overseas also supported the rupee, forex traders said. However, surging crude prices in the international market and persistent foreign fund outflows restricted the appreciation bias in the local unit, they added. At the interbank foreign exchange market, the local unit opened strong at 82.67 and touched an intra-day high of 82.47 and a low of 82.72 against the greenback. It finally settled at 82.51, up 19 paise over its previous close of 82.70. The Reserve Bank of India slowed the pace of interest rate increases for the second straight time when it on Wednesday expectedly increased borrowing cost by 25 basis points but hinted more to come as core inflation remained high. The central bank projected India's economic gr

Rupee appreciated 4 paise to 82.66 against US dollar in early trade

The rupee appreciated 4 paise to 82.66 against the US dollar in early trade on Wednesday, supported by a firm trend in domestic equities ahead of the Reserve Bank of India's monetary policy decision. However, investors remained concerned over rising crude prices in the overseas markets and persistent foreign capital outflows, forex traders said. At the interbank foreign exchange, the domestic unit opened strong at 82.67 against the dollar, then inched higher to 82.66, a rise of 4 paise over its last close. In early deals, it was moving in a close range of 82.66-82.67. On Tuesday, the rupee rose 6 paise to close at 82.70 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.10 per cent to 103.33. Brent crude futures, the global oil benchmark, advanced 0.18 per cent to USD 83.84 per barrel. The Reserve Bank of India's monetary policy decision on Wednesday will be closely watched by investors for furt

Dollar pulls back as Jerome Powell sticks to usual US Fed playbook

owell acknowledged that interest rates might need to move higher than expected if economic conditions remained strong but reiterated that he felt a process of disinflation was underway

Rupee gains 10 paise to 82.66 against US dollar on weaker greenback

The rupee appreciated 10 paise to 82.66 against the US dollar in early trade on Tuesday on the back of a positive trend in domestic equities and relatively weaker greenback. However, foreign capital outflows restricted the gain in the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened strong at 82.68 against the dollar, then gained further ground to 82.66, a rise of 10 paise over its last close. In early deals, it was moving in a tight range of 82.69-82.65. On Monday, the rupee fell 68 paise to close at a one-month low of 82.76 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.15 per cent to 103.46. Brent crude futures, the global oil benchmark, advanced 0.98 per cent to USD 81.78 per barrel. This week, the key trigger for the markets is likely to be the decision of the RBI's Monetary Policy Committee on interest rate that will be announced on ...

Rupee set for muted open; US yields soar, 82.90 per dollar level in focus

The non-deliverable forward suggests that the rupee will open at around 82.68-82.74, compared with 82.7250 in the previous session