Page 2 - Rupee

Pak rupee's record-breaking downward streak continues for 16th session

The Pakistani rupee hit a record low of Rs 186.13 against the US dollar on Wednesday, compared to Rs 185.23 on the previous working day, according to data released by State Bank of Pakistan

Rupee surges 19 paise to end at 75.55 against US dollar

The forex market was closed on Friday for the annual account closing of banks

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 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 rises by 8 paise to close to 76.16 against US dollar as oil declines

The rupee on Monday appreciated 8 paise to close at 76.16 against the US dollar following a fall in crude oil prices and gains in the domestic equities. A strengthening American currency overseas and concerns over renewed foreign capital outflows capped the gains in the domestic unit, forex traders said. At the interbank forex market, the local unit opened weak at 76.36 but entered positive territory later in the session. It witnessed an intra-day high of 76.15 and a low of 76.38. The rupee closed at 76.16, registering a rise of 8 paise over its previous close. In the previous session, the rupee had settled at 76.24 against the US dollar. "Rupee has been oscillating between 76 and 76.50 for the last six trading sessions. Even after a stronger dollar index, the rupee manages to add gains amid lower crude oil prices, higher equities and corporates dollar selling. "The fate of the rupee will be decided by the price action of crude oil and risk sentiments. Spot USD/INR is expected to

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

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 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 plunges by 34 paise as crude oil prices surge past $110/barrel

The rupee slumped by 34 paise to close at 76.18 against the US dollar on Monday as rising crude oil prices and a lacklustre trend in domestic equities weighed on investor sentiment. Expectations of aggressive rate hikes by the US Federal Reserve to control inflation also weighed on the local unit. At the interbank foreign exchange market, the rupee opened lower at 76.08 against the American currency, later lost further ground to settle at 76.18, down 34 paise from the previous close. On Thursday, the rupee spurted by 37 paise to close at 75.84 against the US dollar. The forex market was closed on Friday on account of Holi. "The dollar is in rally mode as markets expect an even more hawkish Federal Reserve moving forward. Weakness in domestic equities and higher crude oil prices also weighed on the local unit," said Dilip Parmar, Research Analyst, HDFC Securities. Crude oil prices jumped 3.47 per cent to USD 111.68 per barrel after reports that European countries would also conside

Elevated commodity prices expected to keep pressure on the rupee

The Indian rupee is expected to remain under pressure exerted by high commodity 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.

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.

Rupee rebounds 44 paise to 76.56 against dollar as oil prices retreat

Brent crude futures, the global oil benchmark, were trading 1.88 per cent lower at USD 125.57 per barrel

Managing the rupee

An orderly adjustment would be healthy

Sri Lanka devalues rupee, seen as step towards IMF help

Sri Lanka's foreign reserves fell to $2.36 billion at the end of January

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