Page 3 - Indian Rupee

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Rupee advances to 75.91 against US dollar on low crude prices

On Friday, the rupee appreciated by 10 paise to settle at 75.93 against the US dollar

Rupee gains 14 paise to 75.79 against US dollar in early trade

On Friday, the rupee appreciated 10 paise to settle at 75.93 against the US dollar.

Forex reserves slide $11.17 bn to $606.475 bn, steepest fall in a week

For the previous reporting week ended March 25, the overall reserves had slid by USD 2.03 billion to USD 617.648 billion

Rupee up 10 paise to 75.93 vs dollar amid RBI status quo on rates

Announcing the monetary policy, RBI Governor Shaktikanta Das said the Indian economy has large forex reserves and that it stands ready and resolute to defend the economy

Rupee declines 11 paise to settle at 75.95 against US dollar

The rupee declined 11 paise to close at 75.95 (provisional) against USD on Thursday as the hawkish stance of US Fed affected investor sentiments in global markets and bolstered the American currency

Rupee declines 47 paise to 75.76 against US dollar in early trade

Snapping its 3-day winning streak, rupee fell 47 paise to close at 75.76 against US dollar on Wednesday, tracking a strong American currency in overseas market and negative trend in domestic equities

Indian rupee surges 25 paise to close at 75.28 against US dollar

On Monday, the rupee started the financial year 2022-23 on a bullish note, spurting 21 paise to close at a one month-high of 75.53

Rupee trades in narrow range against US dollar in early trade

The rupee started on a flat note on Tuesday tracking the strength of the dollar in the overseas market and elevated crude oil prices.

Rising dollar strength drags down India's foreign reserve

The value of the country's gold reserves increased by $1.230 billion to $43.241 billion

Rupee drops 3.5% against dollar in FY22; fares better than global peers

The rupee depreciated 6.27% in the financial year 2013-14 when investors pulled out of emerging markets after the US Fed under Ben Barnanke spoke of possible financial tightening

Rupee recovers 16 paise to end at 75.74; logs over 3% loss in FY22

At the interbank forex market, the local unit opened at 75.67 against the greenback and witnessed an intra-day high of 75.66 and a low of 75.83

Rupee advacnes 23 paise to 75.67 against US dollar in early trade

The rupee advanced 23 paise to 75.67 against the US dollar in the opening trade on Thursday, supported by positive domestic equities and a fall in crude oil prices.

Rupee skids 21 paise to 75.94 against dollar as crude oil prices spike

The local unit finally settled at 75.94 against the dollar, down 21 paise from the previous close

Rupee advances 4 paise to 75.69 against US dollar in early trade

The rupee appreciated 4 paise to 75.69 against the US dollar in the opening trade on Wednesday, following a rally in domestic equities amid hopes of a breakthrough in Russia-Ukraine talks. A weak American currency in the international market also helped the local unit, forex traders said. However, surging global crude prices restricted the gains of the domestic currency, they added. At the interbank foreign exchange, the rupee opened strong at 75.65 against the US dollar but lost some ground to quote at 75.69, a rise of 4 paise over the last close. It was moving in a close range of 75.69 and 75.62 in the morning trade. In the previous session, the rupee had settled at 75.73 against the greenback. Meanwhile, global oil benchmark Brent crude futures surged 1.02 per cent to USD 111.35 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.24 per cent to 98.20. On the domestic equity market front, the 30-share Sensex was tr

A strong case for a weaker rupee

If the terms of trade shock persist, the rupee will have to be a key part of the needed macro adjustment

Rupee advances 23 paise to 75.93 against US dollar in early trade

The rupee appreciated 23 paise to 75.93 against the US dollar in the opening trade on Tuesday, following a positive trend in domestic equities amid softening global crude oil prices.

Govt not considering buying crude oil in rupees from Russia: MoS

With Western sanctions hitting Russia's dollar-based trading, there is focus on Moscow's efforts to switch to other currencies

India and Russia may keep ruble out of the proposed rupee-ruble trade

Payments are likely to be settled in rupee pegged to dollar

Inflationary woes over commodity prices to maintain pressure on rupee

Inflationary concerns over elevated commodity prices are expected to maintain pressure on the Indian rupee during the upcoming week