Stay Connected. Stay Informed.
File Photo | Photo Credit: REUTERS The rupee rallied for the fourth consecutive trading session on May 24 and appreciated by 18 paise to settle at 83.11 (provisional) against the U.S. dollar on fresh foreign fund inflows and suspected intervention by the RBI. Forex traders attributed the rally to ₹2.11 lakh crore record dividend by…
Read More “Rupee jumps 18 paise to close at 83.11 against U.S. dollar” »
The rupee appreciated by 3 paise to settle at 83.28 (provisional) against the U.S. dollar on Wednesday amid softening crude oil prices. Forex traders said the local unit consolidated in a narrow range weighed down by foreign fund outflows. At the interbank foreign exchange, the domestic unit opened at 83.29 and moved in the range…
Read More “Rupee rises 3 paise to close at 83.28 against U.S. dollar” »
The rupee stayed range-bound and settled 4 paise lower at 83.50 (provisional) against the U.S. dollar on May 16, weighed down by unabated foreign fund outflows amid investors’ weak appetite for riskier assets. However, a firm trend in domestic equities supported the local unit and restricted its losses, forex traders said. The rupee remains under…
Read More “Rupee settles 4 paise lower at 83.50 against U.S. dollar” »
The rupee stayed range-bound and settled 1 paisa lower at 83.49 (provisional) against the U.S. dollar on Friday, as the support from positive domestic equities was negated by elevated crude oil prices. Forex traders said significant foreign fund outflows dented investors’ sentiments. At the interbank foreign exchange market, the local unit traded in a narrow…
Read More “Rupee settles 1 paisa lower at 83.49 against U.S. dollar” »
The rupee consolidated in a narrow range and settled for the day on a flat note, higher by 2 paise at 83.50 (provisional) against the U.S. dollar on May 09, on weak domestic markets and a strong American currency. Forex traders said massive foreign fund outflows dented investors’ sentiments. At the interbank foreign exchange market,…
Read More “Rupee settles on flat note, higher by 2 paise at 83.50 against U.S. dollar” »
Image used for representational purpose. | Photo Credit: Reuters The rupee declined 2 paise to 82.92 against the U.S. dollar in early trade on March 5, tracking a stronger American currency against major overseas rivals and outflow of foreign funds from domestic capital markets. Though a downward trend in the crude oil prices cushioned the…
Read More “Rupee falls 2 paise to 82.92 against U.S. dollar in early trade” »
The rupee on Thursday settled flat at 82.91 (provisional) against the U.S. dollar, as the support from lower crude oil prices and a weak greenback against major crosses overseas was offset by sustained foreign capital outflows. Besides, a positive trend in equity markets provided a cushion to the domestic unit, forex traders said. Market participants…
Read More “Rupee settles flat at 82.91 against U.S. dollar” »
Image used for representational purpose. | Photo Credit: Reuters The rupee stayed firm for the fourth straight session and gained 4 paise to 82.92 against the U.S. dollar in early trade on Thursday, tracking a weak American currency against major overseas rivals. Forex trader said, however, the Indian currency was under pressure due to subdued…
Read More “Rupee rises 4 paise to 82.92 against U.S. dollar in early trade” »
Image used for representative purpose only The rupee rose 4 paise to 83.01 against the US dollar in early trade on Friday, tracking positive cues from domestic equity markets. Forex traders said a strong American currency and elevated crude oil prices, however, weighed on the local unit. At the interbank foreign exchange, the domestic currency…
Read More “Rupee rises 4 paise to 83.01 against US dollar in early trade” »
The rupee consolidated in a narrow range and depreciated by 2 paise to close at 83.04 (provisional) against the U.S. dollar on Thursday, tracking a strong American currency and elevated crude oil prices in the international market. Forex traders said the Indian currency depreciated as foreign fund outflows weighed on the rupee. However, positive domestic…
Read More “Rupee falls 2 paise to close at 83.04 against U.S. dollar” »