Page 4 - Indian Rupee

Rupee advances 9 paise to close at 76.24 against USD on fall in crude oil

At the interbank forex market, the local unit opened at 76.15 against the greenback and witnessed an intra-day high of 76.12 and a low of 76.29

Rupee advanes 18 paise to 76.15 against US dollar in early trade

The rupee advanced 18 paise to 76.15 against the US dollar in the opening trade on Friday, tracking the weakness of the American currency in the overseas market.

Weak local currencies rein in India, Thai export rates

India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers

Rupee trades in narrow range against US dollar in early session

The rupee was trading in a narrow range in morning trade on Thursday as elevated crude oil prices negated the impact of positive domestic equities.

Rupee gives up early gains as importers buy dollars; bonds steady

India imports more than 80% of its oil requirements and a rise in global crude prices can push up the country's trade deficit and hurt the rupee

Rupee pares losses to settle flat at 76.18 against US dollar

At the interbank foreign exchange, the rupee opened sharply lower at 76.39 against the US dollar. However, it recovered all its losses to closed at 76.18

Rupee declines 28 paise to 76.46 against US dollar in early trade

The rupee declined 28 paise to 76.46 against the US dollar in opening trade on Tuesday, following a negative trend in domestic equities amid heightened concerns over global oil supplies.

Indian rupee, bonds retreat as oil prices rise above $110

Oil prices jumped more than $3 on the day, pushing global benchmark Brent to above $111 a barrel as European Union nations considered joining the United States in a Russian oil embargo

Rupee jumps 41 paise to close at 75.80 against US dollar

The rupee spurted by 41 paise to close at 75.80 (provisional) against the US dollar on Thursday, supported by positive domestic equities and broad dollar weakness.

Rupee spurts by 41 paise to close at nearly two-week high of 76.20

The rupee spurted by 41 paise to close at a nearly two-week high against the US dollar on Wednesday, tracking positive domestic equities and Asian currencies ahead of the US Federal Reserve's decision on interest rate hike. FII inflows into capital markets and crude oil prices retreating to USD 99 per barrel level boosted the rupee sentiment, forex traders said. At the interbank forex market, the local unit opened strong at 76.40 against the greenback and witnessed an intra-day high of 76.19 and a low of 76.44. The rupee settled at 76.21, registering a rise of 41 paise over its previous close of 76.62. "Rupee appreciated against US dollar taking cues from stronger Asian currencies and risk-on moods. Forex markets are little tepid ahead of Wednesday's Fed decision while US 10-year bond yields retraced after touching 2.20 per cent, the highest level since 2019," said Dilip Parmar, Research Analyst, HDFC Securities. The US Federal Reserve likely to raise rates by 25bps, as well as ..

Myanmar to initiate rupee convertibility for trade along Indian border

Myanmar intends to initiate the currency convertibility for the Indian rupee for trade along the border it shares with India.

Sanctions on Russia an opportunity to internationalise rupee: SBI report

'Moment of reckoning' for Indian currency as countries look to circumvent West's crackdown on Moscow, says research.

Rupee pares initial gains, settles 18 paise lower at 76.61 against dollar

The rupee pared its initial gains and settled 18 paise lower at 76.61 (provisional) against the US currency on Friday amid dollar demand from oil importers and state-run power companies.

Rupee gains against the dollar for the third consecutive session

The Indian currency appreciated 0.34 per cent against the dollar on Thursday as it closed at 76.31/$ as compared to the previous close of 76.56/$.

Rupee advances 22 paise to 76.78 against US dollar in early trade

The rupee advanced 22 paise to 76.78 against the US dollar in the opening trade on Wednesday, supported by the weakness in the American dollar and recovery in domestic equity markets.

Cash dominates India playbooks as markets recoil from oil price shock

Surging oil prices have battered market sentiment toward major energy importer India, pushing down the rupee to a record low and dragging stocks and bonds

Rupee inches 5 paise higher; bond yield tests 6.9%

Bond yields, on the other hand, remained elevated as crude oil prices hovered around $130 barrel.

Foreign portfolio investors accelerate selling as oil prices shoot up

Further selling could test domestic investors' nerves: Analysts

Strong currency will always be good for exports, says Piyush Goyal

A strong currency reflects the strength of a nation and will support exports, contrary to the general notion that a weak currency supports exports, said Piyush Goyal

Fallout of Russia-Ukraine war: Rupee nears 77/$ in all-time low

The previous all-time low for the rupee was recorded on April 16, 2020, when it closed 76.87 against the dollar