RUPEE PRICE TODAY
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.
Gold’s 13% uptick beats Nifty's H1CY24 gains. Who could hold the edge in second half?
HDFC Bank's shares surged approximately 3% to reach a new 52-week high on Wednesday. Investors reacted positively to news suggesting a potential increase in the bank's weightage in the MSCI Emerging Markets index. Doubling lenders' weightage in the global index can attract FII flows, ranging from $3.2 bn to $4 bn.
Gold Price Today: Yellow metal remains flat this week, silver up by Rs 750
Gold and silver prices at MCX fluctuate amidst stable DXY, U.S. job openings surge, and European CPI decrease, impacting trading decisions.
GIFT Nifty jumps 90 points; here's the trading setup for today's session
Market anticipates Nifty consolidation post-profit booking. Brent crude, US WTI futures rise on strong fuel demand hopes. Currency markets stable as rupee weakens. FIIs cut net long positions, adding to market uncertainty.
Rupee gains 0.1% against US dollar, ends at 83.38
The RBI intervenes in the market periodically via liquidity management, including through the selling of dollars, to prevent a steep fluctuation in the local currency, though it has fallen to record highs intermittently.
Rupee gains for 3 straight sessions, settles at 83.57
The yield on the 10-year benchmark bond increased slightly but remains within market expectations, closing at 7.00% on Wednesday.
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Indian rupee gains 3.5 paise on Tuesday
The 10-year benchmark government bond also traded flat, with yields closing at 6.98% on Tuesday, up just one basis point from the last close. Yields have been touching a low of 6.95% to 6.96% in the middle of the day, but again rise as the day progresses.
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 rises 7 paise to 83.48 against US dollar in early trade
Rupee appreciates 7 paise to 83.48 against the US dollar, supported by foreign capital inflow and positive equity market sentiment; dollar index up at 105.01; Brent crude down to USD 84.14 per barrel.
Rupee opens on flat note against US dollar in early trade
The 30-share BSE Sensex and NSE Nifty experienced slight declines, reflecting market movements. Moody's Ratings forecast India to maintain its position as the fastest-growing economy in the Asia-Pacific region.
Rupee closes at record low vs dollar ahead of US Fed statement
Recently released data showing a larger-than-expected jobs addition in the US has dampened hopes of the Federal Reserve lowering interest rates while sharp weakness in the Chinese yuan versus the US dollar over the past couple of days has dragged Asian currencies lower, dealers said.
Rupee ends at record low vs US dollar as Asian peers slip
The Indian currency has been hovering near its record low of 83.5750, a level it reached in April. However, regular market intervention by the Reserve Bank of India has helped to curb further decline, according to traders. Last week's trading was notably volatile due to the national election results, prompting increased hedging activity from importers and exporters, as indicated by data from a local clearing house.
10-year bond yield at 2-year low, rupee gains as exit polls show NDA victory
Yield on the 10-year benchmark government ended the day’s trade at 6.9438%, its lowest closing level since April 7, 2022, LSEG data showed.
Rupee rises 7 paise to 83.24 against US dollar in early trade
The rupee rose by 7 paise to 83.24 against the US dollar, aligning with its fundamentals. Medium-term target projected to range between 82.80 to 82.50 levels. Dollar index was trading lower at 104.63.
Rupee ends flat as foreign banks' dollar buys eat into uptick
The rupee ended at 83.5075 against the U.S. dollar, barely changed from its previous close at 83.5175. The currency had risen to a high of 83.4475 early in the session, before shedding some of the gains.
Rupee ends higher on inflows, dollar sales by state-run banks
The currency had dropped to a record low of 83.5750 on Friday but has since recovered modestly helped by the central bank's intervention and as fears of escalation in the Middle East conflict ebbed.
Rupee ends at record closing low, wedges between outflows, higher Asia FX
The Indian rupee closed at a record low of 83.5375 against the dollar, stabilized by RBI intervention amid equity outflows. Analysts predict consolidation between 83.20-83.70, with Asian currencies and Korean won rising.
Emerging-market assets sink to 2024 low amid growth, rate risks
A risk-off sentiment gripped developing-nation assets, taking a cue from money markets that were no longer pricing a Federal Reserve interest-rate cut in September, pushing their expectation to November.
Rupee closes stronger but state-run banks' dollar buys erode gains
The Indian rupee closed higher on Wednesday, aided by likely inflows and lower U.S. bond yields, while state-run banks' dollar appetite constrained the local currency's gains after it touched the strongest level in nearly three weeks.
Rupee ends at record closing low of 83.43 against dollar pressured by Asia FX
The currency was weighed down by dollar demand from local oil companies. Thai baht and Chinese yuan weaken. Importers pressure rupee. Forex trader mentions foreign banks selling dollars. Derivative contracts cause turmoil.
Rupee ends flat, wedged between weak Asian peers and exporters' dollar sales
The Indian rupee ended little changed on Tuesday after hovering in a tight band through the session as dollar sales by exporters helped offset weakness in the currency's Asian peers.
Rupee falls to record low against the US dollar
The rupee fell to an intra-day low of 83.43, before ending marginally higher at 83.4250, but still down 0.3% for the day.
Rupee closes weaker tracking Asian peers, notches weekly decline
The Indian rupee closed lower on Friday, tracking a fall in Asian peers, after U.S. bond yields surged in light of data that signalled inflation in the world's largest economy could be sticky.
Rupee ends slightly higher, forward premiums maintain downtrend
The rupee weakened to an intra-day low of 82.8875 earlier in the session but dollar sales from exporters and a large foreign bank in the latter half helped it recover, a foreign exchange trader at a state-run bank said.
Rupee ends slightly higher, notches fourth straight weekly gain
The Indian rupee ended marginally stronger on Thursday after hitting its highest level in six months earlier in the session, as likely intervention from the central bank limited the currency's rise.
Rupee closes little changed ducking weakness in most Asian peers
The Indian rupee ended barely changed on Tuesday, even as most Asian currencies slipped, pressured by an uptick in U.S. bond yields.
Rupee ends slightly lower pressured by weakness in Asian peers
The Indian rupee ended slightly weaker on Wednesday, weighed down by weakness in its Asian peers, even as dollar sales from state-run banks helped ease some of the pressure.
Rupee ends at over 5-month high, tracking Asian peers, foreign fund inflows
The Indian rupee closed at its strongest level in more than five months on Thursday, aided by an uptick in its Asian peers and on the back of dollar inflows into the domestic share and bond markets.
Rupee ends flat as importers' dollar demand erodes gains; Fed meeting minutes eyed
The Indian rupee ended little changed on Tuesday despite rising to its highest in nearly three weeks in the session as dollar demand from state-run banks, likely on behalf of importer clients, eroded the local unit's gains, traders said.
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