Page 3 - Rupee Vs Dollar

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 soars 43 paise to hit 4-week high on hopes of Ukraine-Russia truce

Brent crude futures, the global oil benchmark, rose 0.60 per cent to USD 113.15 per barrel

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.

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.

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 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.

Rupee slumps 26 paise to 76.10 against US dollar in early trade

The Indian Rupee opened weak against the US dollar as crude oil prices and the dollar reversed some of their recent declines, said Sriram Iyer, senior research analyst at Reliance Securities

Rupee slide impacted export-import, inflation differently across periods

There are several reasons for the lack of uniformity, such as depreciation of other currencies, essential nature of crude imports and global fluctuations in energy prices

Rupee stages strong comeback after hitting an all-time low on March 7

The country is also in a better position among emerging market currencies due to its $630-billion-plus foreign exchange reserves

Rupee to depreciate to 77.5 by March 2023, says Crisil Ratings: Here's why

According to Crisil Ratings, the domestic currency is likely to settle at 76.5 against the American currency in March 2022

Rupee falls 11 paise to close at 76.55 against US dollar

The rupee declined by 11 paise to close at 76.55 (provisional) against the US dollar on Monday amid moderating crude oil prices and foreign fund outflows.

Shock-proofing the economy: Quality jobs the best possible safety net

Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan

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 advances 16 paise to 76.27 against US dollar in early trade

The rupee advanced 16 paise to 76.27 against the US dollar in the opening trade on Friday, supported by positive domestic equities and a pullback in crude oil prices.