Page 7 - Rupee Vs Dollar

Top headlines: Experts see rupee holding strong, Realme overtakes Samsung

Mobile device maker Realme has overtaken South Korean giant Samsung to grab the second spot in the branded smartphone market. More on that in today's top headlines

No runaway decline in rupee's value, may recover by March: Experts

The rupee closed at 75.78 to a dollar on Friday, an 18-month low

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 declines by 8 paise to trade at 16-month low level of 75.68

The rupee declined further by 8 paise to a fresh 16-month low level of 75.68 in early trade on Friday due to continued foreign found outflows and losses in the stock market.

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 slides 5 paise to 75.49 against US dollar in early trade

The rupee declined 5 paise to 75.49 against the US dollar in opening trade as persistent foreign fund outflows kept the pressure on the local unit

Rupee falls 14 paise to 75.16 against USD on new Covid variant worries

The rupee on Friday slipped 14 paise to close at 75.16 (provisional) against the US dollar, tracking massive sell-offs in domestic equities amid growing worries over the new Covid variant.

Rupee trades in narrow range in morning trade against US dollar

Indian rupee was trading in a narrow range in morning trade on Friday amid uncertainties over the global economic recovery in the wake of the emergence of Omicron. At the interbank foreign exchange, the rupee opened at 74.98 against the dollar. It touched an early high of 74.96 and a low of 75.01 in initial deals. The rupee on Thursday settled at 75.02 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 96.16. The rupee has been under pressure over the last few trading sessions as the detection of the new coronavirus variant Omicron re-ignited growth concerns and hurt risk appetite. Besides, unabated foreign fund outflows weighed on investor sentiments, traders said. Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 909.71 crore, as per exchange data. Global oil benchmark Brent crude futures advanced 1.44 per cent to USD 70.6

Rupee slips 8 paise against dollar to 74.99 on Omicron variant worries

The rupee on Thursday slipped 8 paise to close at 74.99 (provisional) against the US dollar as investor concerns grew over the impact of the new coronavirus variant on the economy. At the interbank foreign exchange market, the local currency opened at 75.06 and witnessed an intra-day high of 74.90 and a low of 75.07 against the US dollar. The local unit finally settled at 74.99, down 8 paise over its previous close of 74.91. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent up at 96.03. Meanwhile, Brent crude futures, the global oil benchmark, advanced 2.99 per cent to USD 70.45 per barrel. On the domestic equity market front, the BSE Sensex ended 776.50 points or 1.35 per cent higher at 58,461.29, while the broader NSE Nifty jumped 234.75 points or 1.37 per cent to 17,401.65. Foreign institutional investors were net sellers in the capital market on Wednesday, as they offloaded shares worth Rs 2,765.84 crore, as

Dollar recovers in face of Omicron variant; commodity currencies slide

The dollar index against major currencies was up 01% in the afternoon in New York after having fallen 0.3% in the morning

Rupee gains 22 paise to end at 74.91 against US dollar

The rupee gained 22 paise to close at 74.91 (provisional) against the US dollar Wednesday as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiment

Rupee pares initial gains, settles 10 paise lower at 75.17/dollar

The rupee on Tuesday pared its initial gains to settle 10 paise lower at 75.17 (provisional) against the US dollar as investor concerns grew over fresh impact of new COVID variant on the economy

Rupee plunges by 23 paise, slips below 75 a dollar on Omicron worries

The rupee on Monday plunged by 23 paise to close at 75.12 (provisional) against the US dollar, as investors turned cautious in view of a new variant of COVID-19.

Rupee plunges by 37 paise against dollar on new Covid-19 variant worries

The rupee on Friday plunged by 37 paise against the US dollar as investors turned cautious in view of massive selloffs in domestic equities and worries over a new variant of COVID-19.

Rupee slips 15 paise to 74.55 against US dollar in early trade

The Indian rupee depreciated by 15 paise to 74.55 against the US dollar in opening trade on Thursday, as a muted trend in domestic equities and a firm American currency weighed on investor sentiment. At the interbank foreign exchange, the rupee opened on a weak note at 74.55, registering a decline of 15 paise from the last close. On Wednesday, the rupee had closed at 74.40 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 96.74. Global oil benchmark Brent crude futures advanced 0.09 per cent to USD 82.32 per barrel. Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 5,122.65 crore, as per exchange data. On the domestic equity market front, the 30-share Sensex was trading 15.74 points or 0.03 per cent lower at 58,325.25, while the broader NSE Nifty declined 30.10 points or 0.17 per cent to 17,384.95. The Indian rupee

Rupee slips 12 paise to 74.54 against US dollar in early trade

The Indian rupee depreciated by 12 paise to 74.54 against the US dollar in opening trade on Wednesday, tracking stronger American currency in the overseas market.

Rupee slips 16 paise to 74.55 against US dollar in early trade

The Indian rupee depreciated by 16 paise to 74.55 against the US dollar in opening trade Tuesday, as a muted trend in the domestic equity market and firm American dollar weighed on investor sentiment

Rupee advances 9 paise to 74.28 against US dollar as crude cools off

The rupee pared initial losses to settle 9 paise higher at 74.28 against the US dollar on Wednesday on lower crude oil prices.

Rupee surges 12 paise to 74.33 against US dollar in early trade

The rupee surged 12 paise to 74.33 against the US dollar in opening trade on Monday as a firm trend in domestic equities and easing crude oil prices boosted investor sentiments. At the interbank foreign exchange, the rupee opened strong at 74.38 against the dollar and gained further ground to 74.33 in early deals, a rise of 12 paise over its previous close. On Friday, the rupee had settled at 74.45 against the US dollar. According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, as the dollar index rises and oil prices fall, rupee is likely to move within a range of 74.20 to 74.60 for the day. "With three listings on Wednesday, outflow could be seen particularly that of Paytm... India CPI came a tad higher at 4.48 per cent while IIP came a bit lower at 3.1 per cent. Oil prices have fallen to 81.50 while dollar Index has risen to 95.10," Bhansali said, adding that exporters can take a call to sell at 74.55 while importers may buy near to 74.20. Meanwhile, the dol

Rupee falls 20 paise to 74.54 against the US dollar in early trade

The Indian rupee depreciated by 20 paise to 74.54 against the US dollar in opening trade on Thursday, weighed down by a lacklustre trend in the domestic equity market and firm American dollar