Page 8 - Indian Rupee

Indian Rupee jumps 29 paise to close at 74.42 against US dollar

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, rose 0.26 per cent to 96.18

Rupee gains 15 paise to 74.56 against US dollar in early trade

The rupee appreciated by 15 paise to 74.56 against the US dollar in opening trade on Thursday, tracking gains in domestic equity markets. At the interbank foreign exchange, the rupee opened strong at 74.56 against the American dollar, registering a rise of 15 paise from the last close. The rupee on Wednesday settled just one paisa lower at 74.71 against the US dollar. Positive moves in Indian equity indices aided sentiments, forex traders said, adding that trading is likely to remain range-bound this week ahead of the year-end holidays. However, firm crude oil prices contained the appreciation bias in the local unit, they added. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent higher at 95.99. Meanwhile, on the domestic equity market front, the 30-share Sensex was trading 152.31 points or 0.26 per cent higher at 57,958.80, while the broader NSE Nifty advanced 40.05 points or 0.23 per cent to 17,253.65. Global o

Rupee snaps 9-day winning streak, slips 3 paise against US dollar

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, advanced 0.18 per cent to 96.37

Rupee jumps 34 paise to close session at 74.66 against US dollar

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.08 per cent to 96.02

Rupee pares initial losses, settles 3 paise higher at 75 against US dollar

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, rose 0.21 per cent to 96.21

Indian Rupee gains 24 paise to close at 75.02 against US dollar

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.06 per cent to 96.01

Indian Rupee jumps 30 paise against US dollar to end day at 75.24

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, rose 0.03 per cent to 96.10

Rupee rises for fifth straight day, ends 5 paise up at 75.54 against USD

Lower crude prices in the international market and a subdued dollar overseas also supported the local unit, forex dealers said

Indian Rupee jumps 31 paise to end at 75.59 against US dollar

At the interbank forex market, the domestic unit opened strong at 75.74 against the greenback and witnessed an intra-day high of 75.41 and a low of 75.74 during the day's trade

As global funds shun India, rupee turns into worst currency in Asia

The currency declined 2.2% this quarter as global funds pulled $4 billion of capital out of the country's stock market, the most among regional markets where data is available.

Rupee gains, bond yields stable after US Fed keeps policy rates unchanged

The rupee closed at 76.09 a dollar, up from its previous close of 76.23 a dollar

Indian Rupee rises 23 paise to end day at 76.09 against US dollar

Meanwhile, the US dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.37 per cent to 96.15

Best of BS Opinion: Love for cash, India's social policies, and more

Here is the best of Business Standard's opinion pieces for Thursday

Rupee plunges 40 paise to 20-month low against dollar on low risk appetite

The rupee had closed near this level on April 24, 2020, previously

Top headlines: Rs 76k-cr scheme for semiconductors; RBI penalty on 2 banks

Business Standard brings you the top stories on Wednesday

Rice prices fall to 5-year low over weak rupee allow exporters to cut rates

Top exporter India's 5 percent broken parboiled variety was quoted at $351-$356 per tonne, down from $353-$358 last week

Equity benchmark fall for first time in four days ahead of macro data

A depreciating rupee and subdued trend in global markets also weighed on sentiment.

Rupee drops by 18 paise to 75.78 against dollar on forex outflows

The rupee dropped by 18 paise to an over 16-month low of 75.78 on Friday amid consistent foreign fund outflows and growing concerns about inflation. At the interbank foreign exchange market, the rupee opened lower at 75.65 a dollar and later tanked to the day's low of 75.85 in line with a lacklustre trend in equity markets. The local unit pared some of the losses in the closing session to end at 75.78 (provisional), its lowest closing level since June 22, 2020. The rupee also declined for a third straight week with a weekly loss of 66 paise or 0.88 per cent against the dollar. The US consumer inflation data for November would be released later on Friday with experts expecting the consumer price index (CPI) to rise further. The retail inflation had risen to 6.2 per cent in October which was the sharpest increase in 31 years. Any hike in inflation would be seen as a case for tightening of monetary policy by the US Federal Reserve, which could lead to outflows of funds from emerging

Rupee closes at near 18 month-low, ends at 75.52 to the dollar

The rupee touched 76.92 a dollar in the intraday trade on April 22 last year.

Rupee tanks to 16-month low of 75.60 against dollar on forex outflows

Meanwhile, oil prices were lifted by optimism that the Omicron mutation might not have a significant impact on oil demand