RUPEE FALL
Rupee declines pressured by weak Asian peers, oil companies' dollar bids
Indian rupee weakens as Asian currencies fall amid strong dollar demand. US bond yield rise impacts currencies, with Chinese yuan and Korean won leading losses.
Rupee falls 11 paise to close at 83.537 against US dollar; 10-year G-Sec yield trades flat
The 10-year benchmark bond yields have been trading flat, but traders say that these levels are good. “Today there seems to be buying from mutual funds. They sold during the quarter end so they have to replenish their kitty”, they said. Liquidity eased a bit as the month began to a surplus of almost Rs. 28,000 crores due to government spending.
Rupee falls 11 paise to 83.45 against US dollar
The central government's fiscal deficit reached 3% of the annual estimates by May-end 2024-25. India's forex reserves surged to USD 653.711 billion, with FIIs selling shares worth Rs 23.09 crore. The RBI confirmed the increase in reserves, reflecting a positive economic outlook.
Rupee falls 9 paise to 83.43 against US dollar in early trade
The healthy expansion in infrastructure sectors' growth in May was driven by the production of coal, natural gas, and electricity, amidst rising crude oil prices impacting the rupee and positive equity market sentiment.
Rupee falls tracking weak Asian peers, traders eye index inclusion
CR Forex's Amit Pabari forecasts a stable rupee within a defined range, emphasizing the impact of interest rates on currency fluctuations.
Rupee trades in narrow range against US dollar in early trade
The rupee traded against the US dollar, influenced by positive domestic equities and the strength of the American currency. Forex traders noted the impact of the strong US dollar and elevated crude oil prices on the local unit.
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Rupee closes higher on uptick in Asian FX, foreign banks' dollar sales
The Indian rupee closed stronger on Monday at 83.4600 against the U.S. dollar, supported by gains in most Asian currencies. The Indonesian rupiah led the gains, while dollar sales from foreign banks helped the rupee, despite oil companies' bids eroding some gains.
Rupee ends higher, mild inflows aid recovery from record low
The Indian rupee ended higher on Friday as mild inflows and exporter dollar sales lifted the currency after it hit an all-time low in the previous session.
Rupee recovers 3 paise to 83.58 against US dollar in early trade
Rupee trades 3 paise higher at 83.58 against the US dollar, supported by foreign capital and strong equity market sentiment.
Rupee falls to record low hurt by likely outflows, importer dollar demand
The currency fell to a record low of 83.6650 against the U.S. dollar in the latter half of Thursday's trading session, closing at 83.6425. This marks a decline from the previous session's close of 83.4550. Traders attributed the currency's weakness to a broadly stronger dollar and a weakening Chinese yuan, which exerted additional pressure on the Indian currency throughout the day.
Rupee falls to record low hurt by likely dollar outflows, importer dollar demand
The rupee declined to a lifetime low of 83.62 against the U.S. dollar in the latter half of Thursday’s trading session and was last quoted at 83.5975. The local currency had closed at 83.4550 in the previous session.
Rupee rises 6 paise to 83.37 against US dollar in early trade
Rupee remains steady at 83.37 against the US dollar driven by various factors including foreign capital inflow, equity market performance, and positive economic indicators.
Rupee ends stronger on likely inflows, state-run banks' dollar sales
The rupee rose after drifting in a 10 paisa range last week, with multiple interventions by the Reserve Bank of India that prevented it from falling to its lifetime low of 83.5750, hit in April
Rupee ends flat; state-run banks' dollar sales aid, forward premiums slip
The Indian rupee closed nearly unchanged on Thursday as pressure due to dollar demand from local corporates was blunted by state-run banks' dollar offers, likely on behalf of the Reserve Bank of India, traders said.
Rupee falls 6 paise to 83.54 against US dollar in early trade
Rupee depreciated 6 paise to 83.54 against the US dollar on Thursday, influenced by the strength of the American currency and elevated crude oil prices.
Rupee rises 5 paise to 83.54 against US dollar in early trade
Rupee appreciated 5 paise to 83.54 against the US dollar, driven by positive sentiments in the domestic equity market.
Learn with ETMarkets: How inflation impacts INR & what currency traders should do?
The Indian Rupee (INR) is influenced by global economic trends, inflation, recession fears, and geopolitical tensions. Traders should monitor inflation, anticipate capital flows, and use hedging strategies in the forex market.
Rupee declines tracking Asian peers, forward premiums drop
The Indian rupee weakened on Monday due to a pullback in hopes of policy easing by the U.S. Federal Reserve. Stronger than expected U.S. labour market data boosted the dollar and U.S. bond yields. The dollar index was up 0.2% at 105.3. Benchmark Indian equity indexes hit record highs in early trading.
Rupee falls though Asian peers gain; forward premiums tick up
Indian rupee weakens on Federal Reserve rate cut expectations. RBI intervention counters pressure from weak national election results and foreign equity outflows.
Rupee falls most in over a year as vote count shows narrower win for Modi-led alliance
Traders said the Reserve Bank of India (RBI) likely stepped in to limit the rupee's decline. State-run banks were spotted offering dollars near 83.50 levels, likely on behalf of the RBI. The sales were intended to plug likely outflows instead of pushing the dollar-rupee pair lower, a foreign exchange trader at a large private bank said.
Rupee ends higher; RBI intervention, foreign banks' dollar sales help
The Indian rupee closed stronger on Wednesday, partially recovering from its slump in the previous session, aided by dollar sales from foreign banks and likely intervention from the Reserve Bank of India.
Rupee falls most in over a year as vote count shows narrower win for Modi-led alliance
The Indian rupee slumped on Tuesday after vote counting trends signalled that Prime Minister Narendra Modi's Bharatiya Janata Party-led alliance would win a narrower majority than was expected, spurring a selloff in local equities.
Rupee falls 26 paise to 83.40 against US dollar in early trade
Rupee falls to 83.40 against the US dollar as Lok Sabha election trends show BJP-led NDA leading with over 200 seats, while domestic markets weaken.
Rupee falls on month-end dollar demand; election results in focus
The Indian rupee declined on Friday, pressured by month-end dollar demand from importers, with investors awaiting the outcome of the country's general elections for fresh cues.
Rupee falls 9 paise to 83.27 against US dollar in early trade
Rupee depreciates 9 paise to 83.27 against USD on negative equities and high oil prices, influenced by domestic market sentiment and USD strength. Rupee opened at 83.22, traded at 83.27. Dollar index at 104.72, Brent crude at USD 84.40. Sensex down by 0.30%.
Rupee falls 9 paise to 83.27 against US dollar in early trade
The rupee declined to 83.27 against the US dollar on Wednesday, driven by negative equities trend and elevated crude oil prices, with interventions from RBI and anticipation of Lok Sabha election results.
Rupee ends flat as state-run banks' dollar sales offset fall in Asian peers
The rupee closed at 83.5075 against the U.S. dollar, against 83.4875 in the previous session. It hovered in a tight band of 83.4775 and 83.5175 during the session.
Rupee ends mildly higher aided by gains in Asian peers; falls on week
The Indian rupee closed slightly higher on Friday aided by a rise in its Asian peers but dollar demand from state-run banks limited gains.
Rupee falls 6 paise to 83.39 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 83.34 against the dollar and touched an early low of 83.39 against the greenback, registering a decline of 6 paise over its previous close.
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