Indian Rupee

Rupee rises by 7 paise to 83.82 against US dollar in early trade

Fri, Aug 30, 2024

Rupee appreciated 7 paise to 83.82 against the US dollar in morning trade on Friday, supported by significant foreign fund inflows and a positive trend in domestic equities.Forex traders said a rise in global risk sentiments supported the rupee, while recovery in the US dollar and month-end dollar demand from importers and oil marketing companies (OMCs) weighed on investor sentiments.At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close.

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Understanding the Rupee's Woes: What’s Causing the Downturn?

Thu, Aug 22, 2024

Why is the rupee not able to recover? No support even from fall in dollar index. What is the reason for the fall in rupee?

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Currency market update: Rupee settles 4 paise lower at 83.96 against US dollar

Wed, Aug 07, 2024

On Wednesday, the Indian rupee closed lower by 4 paise at 83.96 against the US dollar, impacted by a stronger greenback and Middle East tensions. Despite this, domestic market strength and rising crude oil prices provided some support. The rupee traded within a narrow range, while global equities and anticipated RBI policy decisions could influence future movements. The dollar index rose, and Brent crude saw a 1.22% increase

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Sensex, Nifty at three-months high; stocks that gained after Budget 2017

Wed, Feb 01, 2017

Sensex closed at 28,141.64, surging over 485 points or 1.76% and that of Nifty 50 ended at 8,716.40 above 155 points or 1.81%. Four sectors namely auto, bankex, metal and Fast moving consumer goods (FMCG) were the top winner on BSE after Budget.

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Sensex rallies 290 points, NSE up 54 points post Budget 2017

Wed, Feb 01, 2017

Investors cheered as Sensex and Nifty rose after the FM Arun Jaitely announced India's Union Budget 2017-18.  At 1.19 pm, Sensex was trading at 27,879.65, up 223.69 points or 0.81%.  It crossed 27,983-mark.  While Nifty was trading at 8630.45, rising by 53.60 points or 0.63%. 

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Rupee depreciation remains a significant risk to India Inc

Tue, Jan 24, 2017

In a report, India Ratings said that depreciation of rupee remains a significant risk for corporate balance sheets, although it may not derail the economic recovery, it could impact their credit profile.

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Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Mon, Jan 16, 2017

The government is likely to achieve its fiscal deficit target of 3.5% of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3% in 2017-18, Moody's said on Monday.

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Positive global cues, bargain hunting lift equities markets

Sat, Jan 07, 2017

"Sentiments remained up-beat with Finance Minister Arun Jaitley`s statement that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth," Desai explained.

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Rupee weakens by 15 paise against dollar in early trade

Wed, Dec 28, 2016

Rupee weakened by another 15 paise to 68.21 against the dollar in early trade at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers amid sustained foreign fund outflows.

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Rupee edges higher by 3 paise against dollar in early trade

Mon, Dec 26, 2016

The rupee edged higher by three paise to 67.79 against the dollar at the Interbank Foreign Exchange in early trade on Monday on increased selling of the US currency by banks and exporters.

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Rupee inches up 9 paise in early trade

Fri, Dec 23, 2016

Forex dealers said that besides selling of the American unit by exporters, the dollar's weakness against some currencies overseas supported the rupee but a lower opening of the domestic equity market restricted the gains.

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Rupee recovers by 11 paise against dollar in early trade

Wed, Dec 21, 2016

The rupee recovered by 11 paise to 67.92 against the US dollar in opening trade on Wednesday at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks amidst higher opening in the domestic equity market.

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US Fed rate hike, Trump reign not a good sign for gold in near term

Wed, Dec 14, 2016

The US Federal Reserve and President-Elect Donald Trump are turning out to be bad news for gold prices globally.  As per investing.com, gold futures was trading at $1364.40 post Brexit. However, prices went into a continuous decline and is currently trading at under-$1170-level.

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Rupee strengthens by 16 paise against dollar in early trade

Tue, Dec 06, 2016

The rupee strengthened by 16 paise to 68.05 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid higher opening in the domestic equity market.

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Rupee gains 9 paise against dollar in early trade

Wed, Nov 30, 2016

The rupee firmed up 9 paise to 68.56 against the dollar in early trade on Wednesday, rising for the second straight day on increased selling of the US currency by exporters and banks.

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Rupee edges higher by 5 paise against dollar in early trade

Tue, Nov 29, 2016

The rupee edged higher by 5 paise to 68.71 against the US dollar at the forex market in early trade on Tuesday on fresh selling of the American currency by exporters and banks.

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Rupee weakens by 11 paise against dollar in early trade

Mon, Nov 28, 2016

The rupee weakened by 11 paise to 68.57 against the dollar in early trade on Monday at the Interbank Foreign Exchange market on month-end demand for the American currency from importers.

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Rupee gains 30 paise to 68.43 against dollar in late morning trade

Fri, Nov 25, 2016

The rupee strengthened further from early gains by 30 paise to 68.43 against the American currency in late morning deals in sustained bouts of dollar selling from banks and exporters amid higher domestic equites.

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Indian Rupee's tumble not surprising, says Sue Trinh

Thu, Nov 24, 2016

While another Sue Trinh, head of Asia FX strategy at RBC Capital Markets was quoted  by Bloomberg as saying that INR tumble is unsurprising and is not a sign of panic as losses are due largely to stronger dollar.

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Rupee dives to near three-year lows as Trump, demonetisation weigh heavy

Wed, Nov 23, 2016

Suresh Sadagopan, Founder of Ladder7 Financial Advisors said, “There is a flight of dollars away from Indian markets & hence dollars are strengthening. This is partly due to the fact that US interest rate is expected to move up and money from across the world may move into US investments.”

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Indian market ends in red; Tata Motors tanks by 10%

Tue, Nov 15, 2016

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Rupee hits new 2-month high of 66.34 against dollar

Thu, Nov 10, 2016

The rupee strengthened by 9 paise to quote at fresh two-month high of 66.34 against the US dollar in early trade on Thursday on an increased selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.

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Rupee recovers 3 paise against dollar in early trade

Fri, Nov 04, 2016

The rupee recovered by three paise to 66.72 against the US dollar in early trade on Friday on mild selling of the US currency by exporters.

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