The Indian rupee depreciated 22 paise to 74.36 against the US dollar in opening trade on Thursday, amid a muted trend in domestic equities
The greenback also fared well despite an impasse in Washington over the U.S. debt ceiling that threatened to plunge the government into a shutdown.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher
The euro fell to $1.1657, its lowest since November 2020
The Indian rupee declined 13 paise to 74.19 against the US dollar in opening trade on Wednesday, tracking a muted trend in domestic equities.
The euro was down 0.1% versus the dollar at $1.1686.
This comes amid a lacklustre trend in domestic equities and strengthening of the American currency in the overseas market
The Indian rupee appreciated 8 paise to 73.75 against the US dollar in opening trade on Tuesday, tracking positive domestic equities
The yen was little changed at 110.985 per dollar, not far from Monday's low of 111.07, a level not seen since July 5.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.11 per cent
In the previous session on Thursday, the rupee had closed at 73.64 against the US dollar.
The Indian rupee depreciated 13 paise to 73.77 against the US dollar in opening trade on Friday, in line with other Asian currencies amid a strong greenback in the overseas market. At the interbank foreign exchange, the rupee opened on a weak note and fell to 73.77 against the dollar, registering a decline of 13 paise from the last close, even as the domestic equity market was trading with handsome gains. In the previous session on Thursday, the rupee had settled at 73.64 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 93.12. The Indian rupee opened weaker this Friday against the dollar, after benchmark US yields reached their highest level in more than two months on anticipated withdrawal of policy support, said Sriram Iyer, Senior Research Analyst at Reliance Securities. Most of the emerging market and Asian currencies have started weaker against the dollar this Friday morning and
The Indian rupee appreciated 10 paise to 73.77 against the US dollar in opening trade on Thursday, tracking weakness of the American currency in the overseas market
Some of the excitement fizzled, however, after traders realised it was still not known whether the developer would be able to pay the coupon on its offshore dollar bonds, due on Thursday.
Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 1,041.92 crore, as per exchange data.
If the worst-case scenario of the Chinese government taking a hands-off approach in the case playing out, the rupee can see volatilities and can depreciate to 75 against the dollar, the report added.
The Indian rupee depreciated 11 paise to 73.72 against the US dollar in opening trade on Wednesday, tracking a strong greenback in the overseas market. Forex traders said a positive trend in domestic equities and sustained foreign fund inflows supported the rupee, but firm crude oil prices and broad strength in the US dollar index dragged the local unit down. At the interbank foreign exchange, the rupee opened at 73.70 against the dollar, then fell further to 73.72, registering a decline of 11 paise from the last close. In the previous session on Tuesday, the rupee had settled at 73.61 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 93.27. Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 1,041.92 crore, as per exchange data. According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors fund flows into
The dollar index stood at 93.226 in early Asian trade, staying not far off Monday's one-month high of 93.455.
The Indian rupee appreciated 15 paise to 73.59 against the US dollar in opening trade on Tuesday, tracking the weakness of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 73.74 against the dollar, then edged higher to 73.59, up 15 paise over its previous close. On Monday, the rupee had settled at 73.74 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.09 per cent to 93.19. Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 92.54 crore, as per exchange data. On the domestic equity market front, BSE Sensex was trading 73.95 points or 0.13 per cent lower at 58,416.98, while the broader NSE Nifty declined 1.30 points or 0.01 per cent to 17,395.60. Meanwhile, global oil benchmark Brent crude futures rose 0.88 per cent to USD 74.57 per barrel. According to Anil Kumar Bhansali, Head of Trea