Rupee Vs Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 101.92

How a weaker rupee will impact the Indian economy and people? Why does a lukewarm response await the 5G auction? Are the markets heading into a bear phase? What is Open RAN? All answers here

The rupee started the session on a flat note against the US dollar on Tuesday amid a lacklustre trend in the domestic equity markets and persistent foreign capital outflows.

The rupee appreciated 7 paise to 77.49 against the US dollar in opening trade on Friday as crude oil prices retreated from the elevated levels.

External Commercial Borrowings (ECBs) accounted for 36.8% of India's external debt as of the end of December 2021

Rupee recovered from record lows and settled 15 paise higher at 77.55 (provisional) against the US dollar on Monday, supported by a weak greenback overseas. 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 finally snapped its three-session losing streak and closed at 77.55, registering a rise of 15 paise over its previous close. On Friday, the rupee had settled at a record low of 77.70 against the American currency. According Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services, rupee continued to consolidate and volatility remained confined to a narrow range despite choppiness in domestic equities. "Today volatility for the dollar could remain low as no major economic data is expected to be released from the US. We expect the USD-INR (Spot) to trade sideways and quote in the range of 77.20 and 77.80," Somaiya added. However, unabated foreign fund ...

The rupee opened weaker at 77.70/$ as compared to Wednesday's close of 77.58/$ and traded in a narrow range amid intervention from the central bank

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.

The rupee declined by 17 paise to close at its fresh lifetime low of 77.61 against the US dollar amid foreign fund outflows and concerns over aggressive rate hikes by the US Federal Reserve

The rupee depreciated 6 paise to 77.50 against the US dollar in the opening trade on Wednesday as persistent foreign fund outflows weighed on investor sentiment.

Business Standard brings you top headlines on Wednesday

The rupee on Tuesday recovered from its all-time intra day low of 77.79 to close higher by 7 paise on a stellar rally in domestic stock markets.

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

Indian rupee touched an all-time low against a surging US dollar. Every 5% fall in the rupee adds about 10-15 bps to the inflation. So, what does a weaker rupee mean for the Indian economy?

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

Domestic buyers are increasing their stakes even as foreign investors have been exiting, noted an April 27 India Equity Strategy Report by Morgan Stanley

Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar, supported by a rebound in regional currencies and fall in crude oil prices

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