Page 6 - Rupee Vs Dollar

Rupee continues to fall for 3rd day, slumps 33 paise to close at 74.58

Continuing its fall for the third consecutive session, the rupee on Tuesday slumped 33 paise to close at 74.58 (provisional) against the US dollar

Rupee dips 9 paise to close at 74.24 against US dollar on rising oil prices

The rupee fell 9 paise to close at 74.24 (provisional) against the US dollar as muted domestic equities and elevated crude oil prices weighed on investor sentiments

Rupee slumps 25 paise to close at 74.15 against dollar over muted equities

The rupee on Friday slumped 25 paise to close at 74.15 (provisional) against the US dollar, as muted domestic equities and elevated crude oil prices weighed on investor sentiments.

Rupee falls 19 paise to 74.09 against US dollar in early trade on Friday

The rupee declined by 19 paise to 74.09 against the US dollar in opening trade on Friday, as muted domestic equities and elevated crude oil prices weighed on investor sentiments

Rupee rises for 5th day, inches up 3 paise to 73.90 against US dollar

Strengthening for the fifth straight session, the rupee climbed 3 paise to close at 73.90 against the US dollar on Thursday, tracking a weak greenback overseas. Weak macroeconomic data and elevated crude oil prices restricted the upward bias for the local unit, forex traders said. At the interbank forex market, the rupee opened at 73.91 against the greenback and witnessed an intra-day high of 73.84 and a low of 73.97. It finally settled at 73.90, a rise of 3 paise over its previous close. In the previous session, the rupee had settled almost flat at 73.93 against the US dollar. On the domestic equity market front, the BSE Sensex ended 85.26 points or 0.14 per cent higher at 61,235.30, while the broader NSE Nifty advanced 45.45 points or 0.25 per cent to 18,257.80. Meanwhile, the dollar index, which measures the greenback's strength against a basket of six currencies, fell 0.12 per cent to 94.80. Brent crude futures, the global oil benchmark, was trading 0.26 per cent higher at US

Rupee gains 16 paise to 73.78 against US dollar in early trade

The rupee appreciated by 16 paise to 73.78 against the US dollar in opening trade Wednesday, supported by the weakening of the American currency in the overseas market and positive domestic equities

Rupee gains 31 paise to close at 74.03 against US dollar amid robust buying

The rupee surged 31 paise to close at 74.03 (provisional) against the US dollar on Monday amid robust buying in domestic equities.

Rupee falls 11 paise to close at 74.49 against US dollar on Thursday

The rupee on Thursday slumped 11 paise to close at 74.49 (provisional) against the US dollar, tracking the strength of the American currency in the overseas market after hawkish US Fed minutes.

Rupee declines 6 paise to 74.44 against US dollar in early trade

The rupee declined by 6 paise to 74.44 against the US dollar in opening trade on Thursday

Rupee jumps 23 paise to close at 74.35 against US dollar on Wednesday

The rupee surged 23 paise to close at 74.35 (provisional) against the US dollar on Wednesday, tracking gains in domestic equity markets. At the interbank forex market, the local unit opened up at 74.54 against the greenback and witnessed an intra-day high of 74.30 and a low of 74.55. It finally settled at 74.35, a rise of 23 paise over its previous close. In the previous session, the rupee tumbled 30 paise to close at 74.58 against the US dollar. "Rupee erased previous day's loss on stronger domestic equities and the weaker dollar index. Dollar selling on behalf of big corporates also added strength in rupee while central bank remains aside from intervening," said Dilip Parmar, Research Analyst, HDFC Securities. The market is also positioning for better dollar inflows this quarter amid big bang IPOs plans, Parmar added. Dollar index reversed gains taking cues from fall in US Treasury bond yields ahead of the Federal Open Market Committee (FOMC) meeting minutes. "USD/INR expected

Rupee falls 29 paise to close at 74.57 against US dollar on Tuesday

The rupee on Tuesday slumped 29 paise to close at 74.57 (provisional) against the US dollar, tracking the strength of the American currency in the overseas market

Things to watch out for in 2022

Cystal ball gazing for the trends and challenges for the banking sector in the New Year

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 gains 14 paise to 75.12 against US dollar in early trade

The rupee appreciated 14 paise to 75.12 against the US dollar in opening trade on Friday, as risk appetite improved amid easing fears of fallout from the Omicron coronavirus variant. At the interbank foreign exchange, the rupee opened strong at 75.12 against the American dollar, registering a rise of 14 paise from the last close. On Thursday, the rupee climbed 28 paise to close at 75.26 against the US dollar. According to a new analysis by the UK Health Security Agency (UKHSA) released on Thursday, Omicron is less severe than the Delta variant. The findings coincide with two other studies based on real-world COVID-19 UK data, which also report that the Omicron variant is less severe than the Delta variant, with fewer infected people requiring hospitalisation. Forex traders said ahead of the holidays and extended long weekend in the United States, most major currency pairs are trading in narrow ranges. The dollar index, which gauges the greenback's strength against a basket of six

Rupee gains 11 paise to 75.48 against US dollar in early trade

The rupee appreciated 11 paise to 75.48 against the US dollar in opening trade on Wednesday, tracking a positive trend in domestic equities. However, rising crude prices in the international market and continued foreign fund outflows restricted the local unit, traders said. At the interbank foreign exchange, the rupee opened slightly strong at 75.56 and gained further ground to quote 75.48 against the American dollar in early deals, a rise of 11 paise from the last close. In the previous session, the rupee had settled at 75.59 against the greenback. On the domestic equity market front, the 30-share Sensex was trading 366.66 points or 0.65 per cent higher at 56,685.67, while the broader NSE Nifty advanced 112.50 points or 0.67 per cent to 16,883.35. Global oil benchmark Brent crude futures rose 0.24 per cent to USD 74.16 per barrel. Foreign institutional investors remained net sellers in the capital market on Tuesday, as they offloaded shares worth Rs 1,209.82 crore, as per exchan

Rupee gains 17 paise to 75.73 against US dollar in opening session

The rupee appreciated 17 paise to 75.73 against the US dollar in the opening session on Tuesday, tracking heavy buying in domestic equities

Rupee firms up gains to end at 76.06 against dollar on Friday

The rupee pared its initial losses to settle marginally higher by 3 paise at 76.06 against the US dollar on Friday

In tandem: Steady depreciation in rupee spells trouble for stock prices

Analysts say a currency depreciation creates an inflationary overhang in the economy, depressing equity valuation

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

Rupee gains 15 paise to 75.63 against US dollar in early trade

The rupee appreciated 15 paise to 75.63 against the US dollar in opening trade on Monday, tracking a positive trend in domestic equities. However, surging crude prices in the international market and unabated foreign capital outflows capped the appreciation bias in the local unit, traders said. At the interbank foreign exchange, the rupee opened strong at 75.64 and inched up to quote 75.63 against the American dollar in early deals, registering a rise of 15 paise from the last close. On Friday, the rupee dropped by 18 paise to an over 16-month low of 75.78 against the US dollar. On the domestic equity market front, the 30-share Sensex was trading 206.46 points or 0.35 per cent higher at 58,993.13, while the broader NSE Nifty advanced 86.50 points or 0.49 per cent to 17,597.80. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.10 per cent to 96.18. Global oil benchmark Brent crude futures rose 1.30 per cent to USD 76.13 per ...