The rupee opened at 73.8250 a dollar, down from its previous close of 73.48. At 10.50 AM, the rupee was at 73.6750, brought down by nationalised banks selling dollars
Oil fell with the greenback near a three-week high following a rally on Friday on better-than-expected US retail sales data.
(Reuters) - Gold prices hit a more than five-week low on Monday as the dollar firmed with markets closely watching a U.S. Federal Reserve meeting for clues on when the bank will start tapering its crisis-era stimulus measures.
Spot gold rose 0.5% to $1,762.55 per ounce by 0716 GMT, while U.S. gold futures GCv1 gained 0.4% to $1,762.80.
The Indian rupee inched higher by 6 paise to 73.46 against the US dollar in opening trade on Friday, tracking a firm trend in domestic equities.
The Indian rupee inched higher by 5 paise to 73.45 against the US dollar in opening trade on Thursday, tracking a firm trend in domestic equities
The rupee closed 18 paise higher at 73.50 (provisional) against the US dollar on Wednesday, tracking a firm trend in domestic equities and sustained foreign fund inflows.
The Indian rupee opened on a flat note and inched higher by 2 paise to 73.66 against the US dollar in opening trade on Wednesday. The domestic unit was trading in a narrow range as the US dollar regained strength ahead of the release of US inflation data. Moreover, high crude oil prices also restricted gains in the rupee, forex traders said. At the interbank foreign exchange, the rupee opened at 73.68 against the dollar, then inched higher to 73.66, up 2 paise over its previous close. The local unit touched an intra-day low of 73.71 in initial deals. On Tuesday, the rupee had settled at 73.68 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.01 per cent to 92.63. Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 1,649.60 crore, as per exchange data. On the domestic equity market front, BSE Sensex was trading 230.27 points or 0.40 per cent highe
The Indian rupee appreciated 7 paise to 73.61 against the US dollar in opening trade on Tuesday, tracking a positive trend in domestic equities and sustained foreign fund inflows
The currency fell tracking a strong American currency in the overseas market and muted trend in domestic equities
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 92.54.
The Indian rupee fell 18 paise to close at 73.60 (provisional) against the US dollar on Wednesday, tracking a strong American currency in the overseas market and muted trend in domestic equities.
Spot gold dropped 1.6% to $1,794.57 per ounce by 1:45 pm EDT (1745 GMT), and was set for its worst day since August 9
The rupee plunged by 32 paise to close at 73.42 (provisional) against the US dollar on Tuesday, tracking a strong American currency in the overseas market and muted trend in domestic equities
Spot gold rose 0.2% to $1,812.97 per ounce by 0641 GMT, and was down 0.2% for the week.
The dollar had been strengthening for most of last month on the view that a taper could be imminent, even as Covid-19 cases spiked in the United States
Oil prices rose more than $1 on Thursday, supported by optimism about the pace of the economic recovery from the pandemic, a sharp decline in US crude stocks and a weaker dollar.
The dollar loitered around multi-week lows on Thursday, pressured by softer-than-expected US labour data as traders awaited a fuller jobs readout
The rupee snapped its four-session winning run to close 8 paise lower at 73.08 against the US dollar on Wednesday
The rupee has rallied 1.6% in the previous three sessions to post its biggest gain for the period since March 2