Page 13 - Indian Rupee

Rupee falls by 9 paise to 72.89 against US dollar amid weakness in equities

The rupee depreciated by 9 paise to end at 72.89 against the US dollar on Tuesday, tracking a strong dollar overseas and subdued sentiment in the domestic equities. However, a fall in crude oil prices restricted the rupee's fall, forex traders said. At the interbank forex market, the local unit opened slightly up at 72.78 against the greenback and witnessed an intra-day high of 72.76 and a low of 72.90. It finally ended at 72.89 against the American currency, a decline of 9 paise over its previous close. On Monday, the rupee had settled at 72.80 against the US dollar. On the domestic equity market front, the BSE Sensex ended 52.94 points or 0.10 per cent lower at 52,275.57, while the broader NSE Nifty slipped 11.55 points or 0.07 per cent to 15,740.10. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.20 per cent to 90.12. Brent crude futures, the global oil benchmark, fell 0.66 per cent to USD 71.02 per barrel. Forei

Rupee strengthens by 8 paise to 72.54 against US dollar in early trade

The Indian rupee appreciated amid improved risk appetite and the broad weakness of the greenback in the overseas market

Rupee likely to remain volatile amid Covid blues this fiscal: Experts

Shrugging off pandemic-induced economic woes, the Indian rupee has witnessed significant appreciation in the first two months of the current fiscal

Rupee climbing fast to the dollar, 10-year bond yields back to 6%

RBI is trying to maintain a tight leash on the 10-year bond rates, and once again devolved them in Friday's auction

Rupee comes back stronger on bets India's Covid crisis may be easing

India's currency has climbed 1.5% against the dollar in May to beat all its regional peers as the nation's daily infections decline.

Rupee climbs to 8-week high of 72.83; rises 29 paise against US dollar

The Indian rupee surged by 29 paise to hit an eight-week high of 72.83 against the US dollar on Friday, tracking positive domestic equities and upbeat Asian peers against the American currency.

Rupee snaps 3-day winning streak, drops 13 paise to 73.18 against dollar

Halting its three-day winning run, the rupee on Wednesday declined by 13 paise to close at 73.18 (provisional) against the US dollar in line with the fall in the domestic equity market

Rupee gains for 3rd straight day; rises 17 paise to 73.05 against dollar

The rupee strengthened for the third straight session and closed 17 paise higher at 73.05 (provisional) against the US dollar tracking positive domestic equities

Rupee gains for 2nd straight session on positive equities, rises by 7 paise

The rupee rose for 2nd straight session to close 7 paise higher at a one-and-a-half month high of 73.22 against the US dollar on the back of positive domestic equities and weak American currency

Rupee rises 13 paise to settle at 73.29 on weaker US dollar today

The Indian rupee strengthened by 13 paise to end at 73.29 (provisional) against the US dollar on Friday, tracking weaker American currency in the overseas market

Rupee drops by 8 paise to 73.42 on forex outflows, surge in oil prices

The rupee declined by 8 paise to close at 73.42 against the US currency on Wednesday, snapping its four-day gaining streak due to risk aversion in the global markets and surge in crude oil prices.

Rupee falls 18 paise to 73.53 against US dollar in early trade

The Indian rupee slumped 18 paise to 73.53 against the US dollar in opening trade on Tuesday tracking weak domestic equities and strong American currency.

Rupee settles 16 paise higher at 73.35 vs dollar; rises for 3rd session

The rupee rose by 16 paise to close at 73.35 (provisional) against the US dollar, marking its third straight session of gains on the back of positive domestic equities and weak American currency

Rupee gains under siege as coronavirus health crisis fuels lockdown fears

Prospect of stricter curbs is threatening to weaken the currency, which is among Asia's top three performers this month

Rupee gains 10 paise to end at 73.85, rises for second day in a row

Meanwhile, market sentiments are hurt on concern that rising Covid-19 cases in India and lockdown restriction in some states may hurt economic recovery.

Most Indian companies protected against weakening rupee: Moody's report

Firms' costs in dollar terms might rise as India battles second wave of Covid-19, says agency.

Rupee extends gains for 2nd day; closes up by 7 paise at 74.66 against USD

This came on the back of positive domestic equities

Rupee recovers by 28 paise on weak dollar; ends 4-day losing run

This came on the back of weakness in the greenback and positive domestic equities.

Precious metals: Gold prices decline Rs 81; silver tumbles Rs 984

This comes amid rupee appreciation

One-month dollar-rupee forward rate curve inverts on arbitrage bets

Many players are utilising these arbitrage opportunities, even as currency dealers say this is temporary