Page 6 - Rupee

Indian Rupee declines by 10 paise to 75.88 against US dollar

In the previous session, the rupee had settled at 75.78 against the greenback

Rupee falls 17 paise to 75.95 against US dollar in early trade

The rupee declined by 17 paise to 75.95 against the US dollar in opening trade on Tuesday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit

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 ...

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 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 recovered from lows to end nearly flat against US dollar

The rupee staged smart recovery from intra-day lows to close with a marginal 2 paise loss at 75.46 against the US dollar on Wednesday after the Reserve Bank left the key policy rate unchanged

Rupee falls to near two-month low ahead of monetary policy on Omicron fears

Indian unit could be under pressure in the coming days as trade deficit and Fed's increase of monthly taper plan could further upset the sentiment for the foreign portfolio investors

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 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

Yuan emerging as a strong benchmark for rupee, say currency dealers

While it hasn't been officially confirmed yet if RBI is intervening in currency market in tandem with the yuan, the market itself has been adjusting based on how China treats its currency

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 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

Pakistan's rupee falls to record low after delay in IMF deal

The rupee weakened 0.9 per cent to close at 175.73 a dollar Friday, according to State Bank of Pakistan data

Rupee gains 7 paise to close at 74.45 against US dollar

The rupee strengthened by 7 paise to close at 74.45 (provisional) against the US dollar on Friday, as a firm trend in domestic equities boosted investor sentiments.

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

Rupee spurts 43 paise to one-month high on fund inflows, dovish Fed outlook

Rupee traded strong as the Fed statement of not being so keen to increase rates early has put pressure on the dollar index, says an analyst

Rupee, bond may stay calm as Fed's $15-bn taper on expected lines

The US Federal Reserve said it would start its tapering later this month

Rupee appreciates 22 paise to close at 74.46 against the US dollar

A weak American currency in the overseas market also helped the local unit, forex dealers said

Rupee to see volatility, but no huge slide if Fed tapers in Nov: Experts

Unlike 2013, this time the taper has been communicated well in advance and RBI is ready for any challenge due to huge build-up of forex reserves and a comfortable current account position