Rupee

CLOSING BELL: The S&P BSE Sensex traded in a broad range of 921 points on Thursday as it hit a high and low of 54,346 and 53,425, respectively

Heavy dollar selling by Reserve Bank slows the pace of fall

At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session

The rupee's free fall comes at a time when FMCG and paint companies have been battling higher raw material costs for over a year, and have been forced to go for multiple rounds of price hikes

Weaker currency makes some customers to demand benefits or discounts, rue exporters

The rupee extended its losses and slumped 10 paise to close at a record low of 77.72 against the US dollar weighed down by a negative trend in domestic equities and unabated foreign fund outflows.

The rupee extended its losses and slipped 12 paise to 77.74 against the US dollar in early trade on Thursday, weighed down by a muted trend in domestic equities and unabated foreign fund outflows.

Despite rise in interest rates and property prices, momentum in housing demand expected to stay, say developers; infra, cement companies remain circumspect

The first of a four-part series looks at its impact on consumer durables

Market participants said the Reserve Bank of India (RBI) intervened in the currency market, which slowed the pace of depreciation. An upswing in the domestic equity markets also helped the currency.

The Reserve Bank of India has beefed up its intervention in the currency market which slowed the pace of the fall

Gold reserves increase by over 100 tonnes in two years

The rupee appreciated 17 paise to 77.17 against the US dollar in opening trade on Wednesday as the American currency retreated from its elevated levels

Sources said the RBI aims to maintain foreign exchange reserves of $600 billion in such uncertain times

The previous all-time low was hit on March 7, when the rupee ended the day at 76.97 to a dollar

Rupee extended its losses and slumped 60 paise to close at a record low of 77.50 (provisional) against the US dollar, pressured by the strength of currency overseas and unabated foreign fund outflows

Double-digit BoP deficit seen in FY23, says Standard Chartered

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent lower at 103.61

The rupee appreciated 19 paise to 76.31 against the US dollar in opening trade on Wednesday, tracking positive trends among Asian and emerging market currencies

The rupee advanced 23 paise to 75.80 against the US dollar in the opening trade on Friday, amid the Reserve Bank of India maintaining status quo on the benchmark lending rate.