Page 2 - Indian Rupee

Rupee rebounds from all-time low; rises 19 paise to 77.31 against US dollar

At the interbank foreign exchange, the rupee opened at 77.35 against the American dollar, then gained further ground to quote at 77.31, registering a rise of 19 paise from the last close

Rupee at all-time low of 77.5 as high inflation triggers rate hike fears

The rupee plunged by 25 paise to close at its lifetime low of 77.50 as the dollar touched a fresh two-decade high amid global risk-averse sentiment and a higher-than-expected US inflation

Rupee recovers 12 paise, ends at 77.32 to the dollar as crude prices fall

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

Rupee reaches all-time low of 77.42 per dollar amid rising crude oil prices

The hawkish stance of the US Federal Reserve has resulted in the hardening of the US bond yields with the dollar index strengthened to 20 year high

Rupee hits all-time low; foreign exchange reserves below $600 billion

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

Rupee weakens against US dollar in early trade, falls 38 paise to 76.73/$

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

Rupee surges 29 paise to 76.11 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent lower at 102.55.

Rupee surges 8 paise to 76.40 against US dollar in early trade

The forex market was closed on Tuesday on account of Id-Ul-Fitr.

Rupee ends flat against US dollar amid forex outflows, oil prices decline

The rupee pared initial gains to settle almost flat against the US dollar on Monday as subdued domestic equities offset the impact of a sharp decline in global crude oil prices. A strengthening American currency overseas and continuous foreign fund outflows also weighed on the domestic unit, forex traders said. At the interbank foreign exchange market, the rupee opened slightly higher at 76.48 against the American dollar and gained further ground to trade at 76.35. It oscillated between a high of 76.35 and a low of 76.51 during the session. The rupee finally settled at 76.51 against the dollar, showing a marginal fall of 1 paisa. Brent crude futures, the global oil benchmark, declined 2.61 per cent to USD 104.34 per barrel. On the domestic equity market front, the 30-share BSE Sensex ended 84.88 points or 0.15 per cent lower at 56,975.99, while the broader NSE Nifty fell 33.45 points or 0.20 per cent to 17,069.10. Meanwhile, the dollar index, which gauges the greenback's strength

Rupee surges by 18 paise to close at 76.43 against US dollar

At the interbank forex market, the domestic unit opened at 76.62 against the US dollar

Indian Rupee settles 4 paise higher at 76.53 against US dollar

The rupee pared initial losses to settle 4 paise higher at 76.53 (provisional) against the US dollar on Thursday, tracking positive domestic equities. The appreciation bias in the local unit is likely to be capped in the near term amid strong American currency, inflationary concerns and fears about an aggressive pace of the US rate hikes, traders said. At the interbank forex market, the rupee opened at 76.60 against the greenback and moved in a range of 76.43 to 76.71 in the day trade. It finally closed at 76.53, registering a rise of just 4 paise over its previous close of 76.57. On Wednesday, the rupee had settled almost flat at 76.57 against the US dollar. "Rupee weakened in the first half of the session but rose in the latter half despite broader gains in the dollar. The dollar has been rising on the expectation that the Fed could raise rates at the next week's meeting," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Inflation remains a ...

Rupee slumps 16 paise to 76.72 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent higher at 102.34

Rupee recovers to 76.60 against US dollar as crude falls, stocks rally

At the interbank forex market, the rupee opened at 76.48 against the greenback and moved in a range of 76.43 to 76.69 in the day trade

Rupee falls by 23 paise to 76.65 against US dollar in early trade

The rupee declined 23 paise to 76.65 against the US dollar in the opening trade on Monday tracking the strength of the dollar in the overseas market. At the interbank foreign exchange, the rupee opened on a muted note at 76.58 against the American dollar, then fell and touched an early low of 76.65 in initial deals, registering a fall of 23 paise over its previous close. On Friday, The rupee declined by 25 paise to close at 76.42 against the US currency. The rupee opened weaker against the US dollar weighed by hawkish comments from Federal Reserve Chair Jerome Powell last week, said Sriram Iyer, Senior Research Analyst at Reliance Securities. Most Asian and emerging market peers are trading weaker this Monday morning and could weigh on sentiments. Meanwhile, global oil benchmark Brent crude futures fell 2.85 per cent to USD 103.61 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02 per cent to 101.23. On the domestic

Rupee slumps 32 paise to close at 76.49 against dollar on equities sell-off

Persistent foreign capital outflows also dented investor sentiment, forex traders said

As equities rally, Rupee gains 15 paise to end at 76.15 against US dollar

The rupee appreciated by 15 paise to close at 76.15 (provisional) against the US dollar on Thursday amid a weak greenback overseas and a rally in domestic equities. However, surging crude prices and persistent foreign fund outflows capped the gains, forex traders said. At the interbank forex market, the rupee opened slightly higher at 76.28 against the greenback and moved in a range of 76.36 to 76.09. It finally settled at 76.15, higher by 15 paise over its previous close of 76.30. On the domestic equity market front, the BSE Sensex ended 874.18 points or 1.53 per cent higher at 57,911.68, while the broader NSE Nifty jumped 256.05 points or 1.49 per cent to 17,392.60. Brent crude futures, the global oil benchmark, rose 1.02 per cent to USD 107.89 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.43 per cent to 99.98. Foreign institutional investors were net sellers in the capital market on Wednesday as they offloade

Currency devaluation detrimental to nation's export interests: Piyush Goyal

He also said it is important for India to expand exports significantly and encourage investments to increase foreign exchange inflows into the country

Rupee sheds 22 paise, ends at 76.51 vs dollar on pullout from equities

The rupee depreciated for the fourth straight day, during which it has lost 38 paise against the American currency

Rupee slips for third session in a row; oil near $113 a barrel

The rupee also weakened as hawkish Fed officials and dovish ECB continued to push the bond yields higher.

Rupee declines 24 paise to 76.43 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.18 per cent to 100.67