DOLLAR RUPEE
Indian rupee weakens amid global dollar strength and investor caution
The Indian rupee weakened against the dollar as the greenback strengthened globally due to investors’ risk aversion after an assassination attempt on former US president Donand Trump and as weakness in the Chinese yuan weighed on Asian currencies, dealers said.
Rupee falls 4 paise to 83.55 against US dollar in early trade
Rupee fell 4 paise to 83.55 against the US dollar due to strong American currency and high crude prices. Forex traders and RBI measures, including foreign fund inflows and high FX reserves, partially restrained the fall. Brent crude at $85.14, dollar index 104.21, weak US CPI data, inflows, and record-high FX reserves noted.
Rupee settles marginally higher at 83.53 against US dollar; 10-year G-Sec ends flat
Expectations of a September rate cut by the US Federal Reserve rose to 90% after the US inflation data was released, according to CME’s FedWatch tool. Traders are expecting a broad range of 83.30 to 83.60 versus the US dollar in the rupee movement. Bond and rupee traders kept off large bets ahead of the Indian inflation data released after market hours on Friday.
Rupee ends tad higher, importers limit gains; currency flat on-week
The Indian rupee edged higher against the U.S. dollar amidst expectations of a Fed rate cut.
Rupee trades flat at 83.53 against US dollar in early trade
On Friday morning, the rupee remained flat at 83.53/USD amid strong crude prices and stock gains. Range: 83.50-83.54. Brent crude at 85.60 USD/barrel. Sensex up 226.11 pts to 80,123.45; Nifty up 82.1 pts to 24,398.05. US dollar index 104.49; softer inflation data raised Fed rate cut hopes. FIIs offloaded Rs 1,137.01 crore on Thursday.
Rupee settles marginally lower at 83.6 against dollar
Oil marketing companies are buying crude in anticipation that the commodity might rise further, causing the rupee to weaken. Brent crude oil prices were up 0.06% to $85.13 per barrel from yesterday, Reuters data showed.
Rupee ends weaker, pressured by state-run banks' dollar bids; eye on US inflation
The rupee ended at 83.56 vs. the U.S. dollar, pressured by state-run banks and Asian peers like the won rising.
Rupee flat, near-term volatility expectations drop to 4-month low
The Indian rupee held steady against the U.S. dollar amidst rising Asian currencies. Market awaits U.S. inflation data and Fed officials' remarks. Volatility expectations decrease with rupee trading in a narrow band.
Rupee dips against dollar amid OPEC forecast jitters, oil importers rush for greenback
OPEC maintained its 2024 and 2025 global oil demand growth forecasts at 2.25 million barrels per day and 1.85 million barrels per day respectively, Reuters said. Crude oil prices softened to $84.45 per barrel versus $84.66 yesterday, according to Reuters. However, oil marketing companies are buying crude in anticipation that it might rise further, traders said.
Rupee ends flat at 83.48 against dollar
The rupee ended at 83.48/$1 on Tuesday, versus 83.49/$1 the previous day, Reuters data showed and traded in the 83.47-83.51 band through the days’ session. Powell is scheduled to give his semi-annual testimony to the US Congress on Tuesday and Wednesday.
Rupee ends flat, tracking rangebound Asian peers; Powell's testimony in focus
Indian rupee hovers near flat against US dollar as investors eagerly await Federal Reserve Chair's comments on interest rates.
Rupee trades flat at 83.50 against US dollar in opening session
Marginally up 1 paisa, the rupee traded flat at 83.50 against the US dollar in the interbank forex market by 0925 hrs, opening at 83.49.
Rupee ends little changed, forward premiums nudge higher
The Indian rupee closed almost unchanged against the U.S. dollar, with state-run bank bids and offers keeping the currency in a narrow range.
Rupee rises 5 paise to 83.44 against US dollar in early trade
The Indian rupee appreciated 5 paise against the US dollar, supported by a retreat in crude oil prices and foreign fund inflows. Analysts predict a broad trading range for the rupee amid positive economic indicators.
Rupee closes nearly unchanged at 83.48 against dollar
The US Non-Farm Payroll (NFP) data is expected today, which will influence rate cut expectations by the Federal Reserve. The dollar index fell 0.2% to a three-week low and touched 104.95 due to pressures from the euro and the British pound.
Rupee inches higher tracking gains in most Asian peers
The Indian rupee reached 83.4625 against the U.S. dollar, aided by a weaker dollar index and gains in yen and yuan. Brent crude prices eased. The U.S. jobs report and bond yields will impact Federal Reserve rate forecasts. Importers' hedging may limit rupee gains. Lloyd Chan of MUFG Bank expects the dollar to weaken as U.S. job market softens.
Rupee strengthens slightly against dollar, settling at 83.495
The rupee closed at 83.495/$1, versus the previous close at 83.50/$1, Bloomberg data showed. Foreign investors bought Rs. 2,575 crores worth of Indian equity and Rs. 1,180 crores in fully accessible Indian government bonds, BSE and CCIL data showed.
Rupee falls 5 paise to 83.54 against US dollar in early trade
The rupee depreciated 5 paise to 83.54 against the dollar due to high crude prices, starting at 83.52. Positive equities, foreign fund inflows supported. Amit Pabari noted pressures like crude at USD 87. S&P's YeeFarn Phua mentioned fiscal deficit reduction need. NSE Nifty, Sensex surged; FIIs buying shares. Dollar index at 105.36, US yields at 4.35%.
Rupee closes marginally lower at 83.53 against dollar
Most Asian currencies fell versus the dollar on Wednesday. The 10-year benchmark government bond yields in India eased a little, closing at 6.99% on Wednesday, after remaining steady at 7.0%-7.01% in the last couple days.
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