Page 5 - Rupee

Rupee trades in a narrow range in early session against US dollar

The Indian rupee was trading in a narrow range in morning trade on Monday as elevated crude oil prices negated the impact of positive domestic equities. At the interbank foreign exchange, the rupee opened lower at 74.18 against the American dollar, then inched higher to 74.16, registering a fall of 1 paisa from the last close. On Friday, the rupee had slumped 25 paise to close at 74.15 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 95.16. The Indian Rupee opened weaker versus the dollar tracking the strength of the greenback and strengthening bond yields, Reliance Securities said in a research note. Moreover, the strength of crude oil and a weak start in Asian and emerging market peers could also weigh on the local unit this Monday. On the domestic equity market front, the 30-share Sensex was trading 40.37 points or 0.07 per cent higher at 61,263.40, while the broader NSE Nifty advanced 2

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

Omicron blow: Rupee expected to weaken on inflation, infection woes

Likely surge in bond yields along with rising Covid cases are expected to weaken the Indian rupee during the upcoming week.

Rupee gains 12 paise to close at 74.30 against US dollar on Friday

The rupee gained 12 paise to close at 74.30 (provisional) against the US dollar on Friday, tracking positive domestic equities.

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

Dollar jumps to five-year high versus yen; rupee slides 30 paise

The dollar index rose 0.009 per cent, with the euro up 0.03 per cent to $1.1297

Rupee starts 2022 on muted note, falls 14 paise to 74.43 against US Dollar

The rupee started the year 2022 on a muted note as it slipped 14 paise to 74.43 against the US dollar in opening trade on Monday, tracking weak macroeconomic data. At the interbank foreign exchange, the rupee opened weak at 74.35, then fell further to 74.43 against the greenback, registering a decline of 14 paise from the last close. The local unit also touched an early high of 74.31 against the greenback in initial deals. The local unit on the last trading day of 2021 had settled at 74.29. The dollar index, which gauges the greenback's strength against a basket of six currencies, increased by 0.19 per cent to 96.85. On the domestic macroeconomic front, India's current account slipped into a deficit of USD 9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank said on Friday. The current account, which records the value of exports and imports of both goods and services along with international transfers of capital, was in a surplus mode both in the quarter-a

Rupee gains 12 paise to 74.30 against US dollar in early trade

The rupee appreciated by 12 paise to 74.30 against the US dollar in opening trade on Friday, tracking gains in domestic equity markets. At the interbank foreign exchange, the rupee opened strong at 74.35 against the American dollar, then inched higher to 74.30, registering a rise of 12 paise from the last close. In the previous session, the rupee surged 29 paise to close at a more than one-month high of 74.42 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent higher at 96.01. Meanwhile, on the domestic equity market front, the 30-share Sensex was trading 446.07 points or 0.77 per cent higher at 58,240.39, while the broader NSE Nifty advanced 143.40 points or 0.83 per cent to 17,347.35. Global oil benchmark Brent crude futures fell 0.39 per cent to USD 79.22 per barrel. Foreign institutional investors were net sellers in the capital market on Thursday, as they offloaded shares worth Rs 986.32

IPO flows to strengthen rupee in 2022; tighter policy likely dampener

IPO bound foreign inflows as well as buoyant stock markets are likely to strengthen the Indian rupee in 2022.

Rupee gains 12 paise to 74.88 against the US dollar in opening trade

The rupee appreciated 12 paise to 74.88 against the US dollar in opening trade on Tuesday, tracking gains in domestic equity markets. At the interbank foreign exchange, the rupee opened strong at 74.95 against the American dollar, then inched higher to 74.88, registering a rise of 12 paise from the last close. The rupee on Monday appreciated 3 paise to nearly four-week high of 75 against the US dollar. Positive moves in Indian equity indices and stronger Asian currencies aided sentiments, forex traders said, adding that trading is likely to remain range-bound this week ahead of the year-end holidays. Moreover, Omicron worries and 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 unchanged at 96.09. Meanwhile, on the domestic equity market front, the 30-share Sensex was trading 369.58 points or 0.64 per cent higher at 57,789.82, while the broad

Rupee declines by 13 paise to 75.16 against US dollar in early trade

The rupee declined by 13 paise to 75.16 against the US dollar in opening trade on Monday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit. Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit. At the interbank foreign exchange, the rupee opened weak at 75.15, then slipped further to 75.16 against the US dollar in early deals, registering a decline of 13 paise from the last close. The local unit also touched an early high of 75.02 against the greenback in initial deals. The rupee on Friday rose by 23 paise to a three-week high of 75.03 against the US dollar. On the domestic equity market front, the 30-share Sensex was trading 131.6 points or 0.23 per cent lower at 56,992.71, while the broader NSE Nifty declined 45.50 points or 0.27 per cent to 16,958.25. Forex traders said trading is likely to remain range-bound this week ah

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 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

As global funds shun India, rupee turns into worst currency in Asia

The currency declined 2.2% this quarter as global funds pulled $4 billion of capital out of the country's stock market, the most among regional markets where data is available.

Rupee firms up 16 paise to 75.90 against USD on easing crude prices

The rupee notched up gains for a third straight session on Monday, rising further by 16 paise to settle at 75.90 (provisional) against the US dollar

Top headlines: US Fed signals rate hikes, IMF speaks on crypto ban idea

Cryptocurrencies were proving to be a challenge for emerging markets and strong regulation was needed, IMF's Gita Gopinath said. More in today's top headlines

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

International funds can provide protection against rupee depreciation

When remitting money abroad, go with the player that offers the most attractive exchange rate

Rupee slumps 22 paise, slips below 76/$ level in early trade

The rupee declined 22 paise and slipped below the 76 per US dollar level in opening trade on Wednesday as persistent foreign fund outflows and Omicron worries kept the pressure on the local unit