The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering of stimulus next month
Yields on the US two-year Treasury note jumped to their highest level in more than 18 months
The Rupee was weighed down by a strong greenback in the overseas market and firm crude oil prices
Rising crude oil prices and a stronger American currency in the overseas market weighed on investor sentiment.
The National Stock Exchange (NSE) on Monday introduced weekly futures contracts in the US Dollar-Indian Rupee (USD-INR) currency pair
September's employment report is the last one available before the Federal Reserve's Nov. 2-3 policy meeting.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent lower at 94.15.
By Ritvik Carvalho
The rupee snapped its three-session losing streak to settle 19 paise higher at 74.79 (provisional) against the US dollar on Thursday, tracking a positive trend in domestic equities
The Indian rupee appreciated 22 paise to 74.76 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities. At the interbank foreign exchange, the rupee opened at 74.77 against the dollar, then inched higher to 74.76 registering a rise of 22 paise over its previous close. On Wednesday, the Indian rupee suffered its biggest single-day drop in six months, losing 54 paise against the US dollar to end at 74.98. Forex traders said market participants remain cautious also ahead of the important RBI policy statement that is scheduled to be released this Friday. The Reserve Bank's rate-setting panel started its three-day deliberations on the next bi-monthly monetary policy on Wednesday, amid rising global commodity prices and the need to contain inflation at home. The decision of the six-member Monetary Policy Committee (MPC) would be announced on Friday by RBI Governor Shaktikanta Das. Meanwhile, the dollar index, which gauges the greenback's stren
The U.S. currency was steady at $1.1558 per euro after strengthening to $1.1529 on Wednesday for the first time since July of last year.
The 10-year bond yield closed at 6.28 per cent, its highest level since April 17, 2020
The rupee fell for a third straight session, shedding 0.7%, its biggest single-day loss since June 17
At the interbank foreign exchange market, the local currency opened at 74.63 and witnessed an intra-day high of 74.54 and a low of 74.99 against the US dollar in day trade.
The Indian rupee depreciated 21 paise to 74.65 against the US dollar in opening trade on Wednesday
Widening trade balance data and dollar outflows also weighed on rupee: Analyst
Meanwhile, Brent crude futures, the global oil benchmark, advanced 0.15 per cent to $79.40 per barrel.
Global oil benchmark Brent crude futures fell 0.49 per cent to USD 77.93 per barrel.
The Indian rupee declined 12 paise to 74.35 against the US dollar in opening trade on Friday, tracking strength of the American currency in the overseas market and a muted trend in domestic equities
The rupee declined by 9 paise to end at 74.23 (provisional) against the US currency on Thursday, marking its fifth straight session of fall, amid risk averse sentiments and foreign fund outflows. At the interbank foreign exchange market, the rupee opened on a negative note at 74.28 per dollar as against its previous close of 74.14. It hovered in the range of 74.18 to 74.36 per dollar during the day before ending at 74.23 against the American currency. The domestic unit has lost 59 paise in the last five trading sessions. "The Indian rupee depreciated for the fifth day in row amid risk averse sentiments and foreign fund outflows. Markets started pricing rollback of pandemic-related easing as growth recovers and inflation expectations stay high," said Dilip Parmar, Research Analyst, HDFC Securities. Parmar further said that the rupee stayed calmer on Thursday, compared to the prior three days, as participants are cautious ahead of the release of month-end economic data. "Trend seems