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Tag: Rupee

  • The rupee begins the day with a gain against the US Dollar

    In early trade on Thursday, the rupee was trading higher versus the US dollar. However, due to a stronger dollar in outside markets, the immediate gain was limited. On the interbank forex market on Thursday, the rupee rose 3 paise to 77.52 against the US dollar. Meanwhile, in early morning activity on Thursday, stock markets […]

    May 26, 2022

  • The rupee rose 5 paise to 77.52 against the dollar, as local equities continued to rise

    In early trade on Wednesday, the rupee rose 5 paise to 77.52 against the US dollar, as a robust trend in local equities improved investor spirits. However, forex traders claimed that rising global crude prices and continuing foreign capital outflows restricted the local currency’s appreciation bias. The rupee opened at 77.54 against the dollar on […]

    May 25, 2022

  • In early trade, the rupee is trading flat against the US dollar

    On Tuesday, the rupee opened flat versus the US dollar, owing to a lackluster trend in domestic equity markets and continued foreign capital outflows. The rupee opened sluggish versus the dollar at 77.56 on the interbank foreign exchange, before becoming volatile and trading in a narrow range of 77.56 to 77.51. The native currency was […]

    May 24, 2022

  • Rupee falls to a new intraday low, but recovers when RBI intervenes

    The rupee struck a new intra-day low on Thursday, breaching the 77.5/$ barrier, as the US dollar strengthened, before the Reserve Bank of India (RBI) intervened to aid minimise its losses.The rupee finished the day at 77.43 per dollar, down 18 paise or 0.24 percent from its previous close of 77.24 per dollar. “As the […]

    May 13, 2022

  • Rupee falls to a new low of 77.58 against the US dollar

    The Indian rupee fell to a new record low against the US dollar on Thursday, echoing losses across Asian rivals. The drop in global and local shares following the US inflation report pointed to more aggressive Fed tightening amid deteriorating investor confidence hit down by the global economic slowdown. The currency began trading at 77.56 […]

    May 12, 2022

  • In early trade, the rupee rose 17 paise to 77.17 against the US dollar

    In early trade on Wednesday, the rupee rose 17 paise to 77.17 against the US dollar, as the American currency fell from its recent highs. The rupee began at 77.24 versus the dollar on the interbank foreign exchange, then gained further ground to quote at 77.17, up 17 paise from the previous close. The rupee […]

    May 11, 2022

  • As crude oil prices rise, the rupee falls to an all-time low of 77.42 per dollar

    The Indian rupee has broken over the 77-per-dollar barrier for the first time, owing to rising crude oil prices and a growing trade deficit.The rupee was trading at 77.32 per dollar, 41 paise lower than its previous close.The US Federal Reserve’s hawkish posture has resulted in higher US bond yields, with the dollar index reaching […]

    May 9, 2022

  • In early trade, the rupee climbs 29 paise to 76.11 against the US dollar

    The rupee rose 29 paise to 76.11 against the US dollar in early trade on Thursday, as the US currency fell in the international market. The rupee began at 76.17 against the US dollar on the interbank foreign exchange, then gained ground to quote at 76.11, a 29-paise increase from the previous day. The rupee […]

    May 5, 2022

  • IN EARLY TRADE, THE RUPEE JUMPED 8 PAISE TO 76.40 AGAINST THE US DOLLAR

    In early trade on Wednesday, the rupee rose 8 paise to 76.40 against the US dollar in anticipation of foreign fund inflows through the LIC IPO. The rupee began at 76.46 against the dollar on the interbank foreign exchange, then gained ground to quote at 76.40, an increase of 8 paise from the previous close. […]

    May 4, 2022

  • Rupee advances 23 paise to 75.93 against US dollar in early trade

    The rupee appreciated 23 paise to 75.93 against the US dollar in the opening trade on Tuesday, following a positive trend in domestic equities amid softening global crude oil prices. A weak American currency in the overseas market also helped the domestic unit, forex traders said. At the interbank foreign exchange, the rupee opened strong at 75.97 […]

    March 29, 2022

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