The rupee slipped 5 paise to 77.71 against the US dollar in opening trade, as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments
The dollar continued its overnight rally into Asian trading hours on Tuesday, hitting fresh two-decade highs versus the yen
Markets, which have already priced in several ECB rate increases and the end of bond-buying stimulus, want more clarity on what comes after.
The rupee appreciated 13 paise to 77.47 against the US dollar in opening trade on Friday, supported by a fall in the dollar index and positive domestic equities
Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that
The company expects revenue for the quarter to be between $51.94 billion and $52.74 billion, down from its prior range of $52.40 billion to $53.20 billion
NEW YORK (Reuters) - The U.S. dollar eased across the board on Thursday, ceding some of the ground gained in recent sessions as firmer risk sentiment prompted investors to reach for higher-yielding currencies.
Gold prices on the rise as treasury bond yields have weakened US dollar's strength.
The rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency on Wednesday as dollar sales by some banks offset the impact of elevated crude oil prices and persistent foreign fund outflows. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day's trade. The rupee finally ended at 77.50, higher by 21 paise over its previous close. On Tuesday, the rupee had declined by 17 paise to close at its all-time low of 77.71 as surging US bond yields dampened the appeal of riskier assets. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 101.90. Brent crude futures, the global oil benchmark, surged 1.84 per cent to USD 117.73 per barrel. "Rupee continued to trade in a narrow range and volatility remained low despite marginal weakness in domestic and global equities," said Gaurang Somaiya, Forex & Bullion Analyst, .
The rupee on Wednesday recovered from its record low to close 20 paise higher at 77.51 (provisional) against the American currency. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day's trade. The rupee finally ended at 77.51, higher by 20 paise over its previous close. On Tuesday, the rupee had declined by 17 paise to close at its all-time low of 77.71 against the US currency as surging US bond yields dampened the appeal of riskier assets. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 101.90. Brent crude futures, the global oil benchmark, surged 1.84 per cent to USD 117.73 per barrel. "Rupee continued to trade in a narrow range and volatility remained low despite marginal weakness in domestic and global equities," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. On the domestic front, GDP and fiscal ...
Recovering from its record low, the rupee rose by 14 paise to 77.57 against the US dollar in early morning trade
The dollar rose to a two-week high versus the yen on Wednesday, lifted by higher Treasury yields as global inflation worries flared anew
The rupee slipped 13 paise to 77.67 against the US dollar in early trade on Tuesday, weighed down by the surge in crude oil prices
The rupee rose further by 4 paise to close at 77.54 against the US dollar on Monday, supported by positive domestic equities and a weak American currency overseas. Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices weighed on the local unit. At the interbank forex market, the rupee opened at 77.53 against the greenback and moved in a range of 77.46 to 77.56 in the day's trade. The rupee finally ended at 77.54, higher by 4 paise over its previous close of 77.58. "Rupee continued to trade in a narrow range and volatility remained low despite gains in domestic equities. Dollar retraced against its major crosses after core PCE index number came in line with estimates," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. "We expect the USD/INR to trade sideways and quote in the range of 77.20 and 77.80," Somaiya added. The week started on a positive note for risk assets as softening of the lockdown in China boosted the
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The rupee appreciated 12 paise to 77.46 against the US dollar in opening trade on Monday, supported by a fall in the dollar index and positive domestic equities
Early in the Asia session the dollar was a fraction weaker on the euro at $1.0728, just above a five-week low, having dropped about 1.5% on the common currency last week
All dividend income prior to Ukraine war was repatriated but the one that accrued after that is stuck, said Harish Madhav, Director (Finance), Oil India Ltd, which is one of the partners in the fields
Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices, fiscal deficit concerns and persistent FII outflows weighed on the local unit.
The rupee appreciated 2 paise to 77.59 against the US dollar in the opening trade on Friday, supported by heavy buying in domestic equities and a weak greenback in the overseas markets. However, rising global crude prices and persistent foreign fund outflows capped the rupee's gain, forex traders said. At the interbank foreign exchange, the rupee opened at 77.60 against the American dollar and then inched up to quote at 77.59, registering a rise of just 2 paise over the previous close. It was moving in a close range of 77.59 to 77.61 in early deals. In the previous session, the rupee settled at 77.61 against the American currency. The dollar index has slipped further towards the crucial level of 100. The index, which gauges the greenback's strength against a basket of six currencies, was trading 0.34 per cent lower at 101.49. On the domestic equity market front, the 30-share Sensex was trading 435.93 points or 0.80 per cent higher at 54,688.46, while the broader NSE Nifty climbed