Page 4 - Rupee

Rupee falls by 7 paise to close at 75.11 against US dollar

The rupee declined by 7 paise to close at 75.11 (provisional) against US Dollar on Thursday as geopolitical tensions pushed investors towards safe-haven assets.

Rupee surges 25 paise to close at 75.07 against USD as Ukraine fears ease

At the interbank forex market, the local unit opened at 75.24 against the greenback and witnessed an intra-day high of 74.96 and a low of 75.24

Rupee pares initial losses, surges 29 paise to close at 75.31 against USD

On Monday, the rupee had slumped by 24 paise to close at an over nine-week low of 75.60

Rupee slumps for 5th day in a row, closes at 75.58 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent higher at 96.21

Rupee slips below 75 against dollar; closes at six-week low

Rupee weakened further on Friday and closed below the 75/dollar mark for the first time in 2022 after US January inflation accelerated to 40 years high

Banks in India can offer foreign currency-settled rupee derivatives

Move is expected to remove segmentation between onshore and offshore markets

Rupee slips 10 paise to close at 74.94 against US dollar post RBI Policy

Rupee opened at 74.90 against the American dollar, and later witnessed an intra-day high of 74.88 and a low of 75.05 against the greenback

RBI enhances cap on amount for e-RUPI vouchers from Rs 10,000 to Rs 1 lakh

Launched in August 2021, e-RUPI is a one-time use digital solution to facilitate cashless payment.

Rupee gains 6 paise to 74.68 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent lower at 95.53.

Why the shape of digital rupee will be determined by its use-cases

Experts agree a CBDC will help create a better financial ecosystem, but differ on its design

Rupee pares initial gains to settle flat at 74.83 against US dollar

The rupee pared its initial gains to settle on a flat note at 74.83 (provisional) against US dollar on Wednesday, even as the domestic equities closed on a positive note.

Rupee gains 11 paise to 74.71 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent lower at 96.26.

Rupee slips 17 paise to close at 74.82 against dollar on higher borrowing

The rupee pared its initial gains and settled 17 paise lower at 74.82 (provisional) against US dollar on Tuesday on the back of higher-than-expected borrowing in the next financial year.

Rupee gains 20 paise to 74.45 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 96.59.

India's high foreign exchange reserves not enough to shield rupee

A sharp rise in oil import bill has led to a big decline in forex reserves to imports in FY22

Rupee falls 41 paise to 75.19 against US dollar in early trade

Forex traders said muted domestic equities, sustained foreign fund outflows and firm crude oil prices also weighed on the local unit

Rupee falls by 19 paise to 74.62 against US dollar on high crude prices

The rupee on Monday slumped by 19 paise to 74.62 against the US dollar at close due to high crude oil prices, forex outflows and heavy losses in domestic equities amid growing geo-political worries.

Rupee gains 15 paise to 74.29 against US dollar in opening trade

The rupee appreciated by 15 paise to 74.29 against the US dollar in opening trade on Thursday, even as the domestic equity market was trading with significant losses. At the interbank foreign exchange, the rupee opened at 74.43 against the American dollar, then inched higher to 74.29, registering a rise of 15 paise from the last close. In the previous session, the rupee settled at 74.44 against the greenback. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent higher at 95.53. The US Dollar, along with benchmark 10-year yields and crude prices came off multi-year highs and could lend support to the domestic unit, Reliance Securities said in a research note. However, investors will remain cautious ahead of the US Federal Reserve's meeting due next week, it added. On the domestic equity market front, the 30-share Sensex was trading 383.54 points or 0.64 per cent lower at 59,715.28, while the broader NSE Nifty decline

Rupee declines 12 paise to 74.70 against US dollar in early trade

The rupee declined by 12 paise to 74.70 against the US dollar in opening trade on Wednesday, as muted domestic equities and elevated crude oil prices weighed on investor sentiments. At the interbank foreign exchange, the rupee opened weak at 74.70 against the US dollar, registering a decline of 12 paise from the last close. On Tuesday, the rupee slumped by 33 paise to close at a two-week low of 74.58 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.06 per cent to 95.67. The Indian Rupee opened weaker versus the dollar tracking the strength of the US bond yields and the greenback which got a lift on rate hike expectations, Reliance Securities said in a research note. Moreover, the strength of crude oil prices will also weigh on the local unit this Wednesday, it added. Meanwhile, global oil benchmark Brent crude futures jumped by 1.22 per cent to USD 88.58 per barrel. On the domestic equity mark

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