Page 14 - Indian Rupee

Rupee drops by 52 paise to 74.87 against US dollar amid lockdown fears

The rupee plunged by 52 paise to close at 74.87 (provisional) against the US dollar on Monday amid a lacklustre trend in the domestic equities as investors fretted over the prospects of lockdown

Rupee gains 12 paise to close at 74.93 against US dollar amid equity gains

Easing crude oil prices helped too

Rupee breaks past 75-mark vs US dollar, hits lowest level since Aug 2020

The domestic unit slipped to 75.13 versus the US dollar, a level seen in August last year

Exporters remain optimistic with weaker rupee and low interest rates

Covid-19 continues to pose the greatest threat to trade outlook, as new waves of infection could easily undermine any hoped-for recovery, said the WTO

Losing currency: Rupee sinks as monetary policy triggers carry unwinding

The rupee closed at 74.56 to a dollar - the lowest since November 13, 2020. The intraday fall is the steepest since the August 2019 levels

Rupee plummets 105 paise to close at Rs 74.47 against US dollar amid Covid

The rupee tanked 105 paise to close at 74.47 (provisional) against the US currency on Wednesday amid concerns over surging Covid-19 cases in the country

Rupee drops by 12 paise to Rs 73.42 against US dollar on Covid worries

The rupee pared its initial gains to close down by 12 paise at 73.42 against the US currency on Tuesday amid concerns that rising COVID-19 cases and subsequent lockdowns in some states may hurt the economic recovery. Investors were also cautious ahead of the RBI policy statement to be released on Wednesday. Besides, gains in crude prices and a stronger dollar overseas weighed on the rupee sentiment. "Rupee continued to trade in a narrow range for the third successive session despite volatility in domestic equities. Market participants remain cautious ahead of the important RBI policy statement that will be released on Wednesday," Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services, said. The expectation is that the central bank could keep rates unchanged but commentary will be keenly watched that could trigger volatility for the currency, Somaiyaa said. "We expect the USDINR (Spot) to trade sideways with a positive bias and quote in the range of 73.20 and ..

FY21: Momentous year for bonds, rupee and forex reserves amid the pandemic

Supply outpaced demand for fixed-income paper with Centre's Rs 12 trn borrowing plan and Rs 10 trn by states. But RBI support ensured it didn't pinch hard till the end of the year

Rupee falls 20 paise to 73.58 against the US dollar in early trade

The Indian rupee slumped 20 paise to 73.58 against the US dollar in opening trade on Wednesday, weighed down by the strength of the greenback and weak domestic equities

Rupee logs over 4% gain this fiscal amid headwinds on economic front

Experts said sustained foreign fund inflows into India's listed stocks ensured a strong year for the Indian currency

Rupee widens loss by 7 paise to 72.62 against US dollar in early trade

The Indian rupee furthered its loss by another 7 paise to 72.62 against the US dollar in early trade on Thursday amid growing concerns over surging coronavirus cases globally

Rupee slips 12 paise to close at 72.55 against USD amid selloff in equities

Rupee was weighed down by a massive selloff in domestic equities and spike in global crude oil prices

Rupee falls 10 paise to Rs 72.53 against US dollar in early trade

The rupee depreciated by 10 paise to 72.53 against the US dollar in opening trade on Wednesday, following a heavy selloff in domestic equities and strong American currency in the overseas market

Rupee rises 3 paise to Rs 72.34 against the US dollar in early trade

The rupee advanced by 3 paise to 72.34 against the US dollar in opening trade on Tuesday, as easing crude oil prices and buying trend in equity markets lifted sentiment. The rupee's gains were, however, restricted as investors turned a bit cautious due to rising US dollar amid foreign fund outflows. At the interbank forex market, the local unit opened flat at 72.37 against the US dollar, then gained some strength to quote at 72.34, a rise of 3 paise over its last close. In the previous session, the rupee had settled at 72.37 against the American currency. Global oil benchmark Brent crude futures fell 0.94 per cent to USD 64.01 per barrel. On the domestic equity market front, the BSE Sensex was trading 90.66 points or 0.18 per cent higher at 49,861.95 in early deals, while the broader NSE Nifty rose 32.10 points or 0.22 per cent 14,768.50. Foreign institutional investors were net sellers in the capital market on Monday as they sold shares worth Rs 786.98 crore, as per exchange ...

Rupee settles almost flat at 72.52 against USD amid firmness in equities

The rupee ended on a flat note against the US dollar on Friday amid a firm trend in domestic equity markets

Rupee depreciates 3 paise to Rs 72.56 against US dollar in early trade

The rupee depreciated by 3 paise to 72.56 against the US dollar in opening trade on Friday, as muted opening in domestic equities weighed on investor sentiment

Rupee inches 5 paise higher to 72.88 against US dollar in early trade

The Indian rupee inched higher on Wednesday, adding to the 32 paise jump in the previous session, tracking a pullback in US treasury yields and positive domestic equities

Rupee surges 18 paise to 73.07 against the US dollar in early trade

The rupee appreciated by 18 paise to 73.07 against the US dollar in opening trade on Tuesday supported by positive domestic equities

Rupee slumps by 23 paise on strong dollar, high crude prices

The Rupee extended its losses for the third session in a row

Rupee falls 14 paise to 73.16 against the US dollar in early trade

The Indian rupee slumped 14 paise to 73.16 against the dollar in opening trade on Monday, as rising crude oil prices and strengthening of the US currency in the overseas market weighed on sentiment