Stay Connected. Stay Informed.
The rupee consolidated in a narrow range and settled for the day lower by 7 paise at 83.55 (provisional) against the U.S. dollar on Thursday even as both the domestic equity benchmark indices touched all-time high levels. Forex traders said rupee was seen resilient against the dollar, even after volatility witnessed in the dollar index,…
Read More “Rupee falls 7 paise to close at 83.55 against U.S. dollar” »
At the interbank foreign exchange market, the local unit opened at 83.56. | Photo Credit: REUTERS Rupee appreciated 3 paise to close at 83.56 (provisional) against the U.S. dollar on Wednesday, on positive domestic market, wherein benchmark sensitive index Nifty touched a fresh all-time high. Forex traders said rupee is trading in a narrow range…
Read More “Rupee rises 3 paise to close at 83.56 against U.S. dollar” »
Image used for representational purpose only. | Photo Credit: Reuters The rupee depreciated 10 paise to 83.50 against the U.S. dollar in early trade on June 10, largely due to the rise in the dollar index and US yields. Forex traders said uncertainty among market players was down as Narendra Modi was sworn in as…
Read More “Rupee falls 10 paise to 83.50 against U.S. dollar in early trade” »
Image for representational purposes | Photo Credit: Getty Images/iStockphoto The rupee tumbled 45 paise to close at 83.59 (provisional) against the US dollar on Tuesday as the ruling BJP is unlikely to muster an absolute majority in the Lok Sabha elections. Besides, a massive sell-off in domestic equities and a strong greenback against major currencies…
Read More “Rupee plunges 45 paise to close at 83.59 against US dollar” »
The rupee plunged 26 paise to 83.40 against the U.S. dollar in early trade on Tuesday as initial counting for the Lok Sabha elections indicated a mixed trend. A weak trend in domestic equity markets also dented sentiments in early deals, forex traders said. According to television reports, the BJP-led NDA surged ahead with leads…
Read More “Rupee falls 26 paise to 83.40 against U.S. dollar in early trade” »
Image used for representational purpose. | Photo Credit: Reuters The rupee appreciated by 3 paise to 83.10 against the U.S. dollar on May 28, tracking a positive trend in domestic equities and weakness of the American currency in the overseas market. Forex traders rupee is likely to trade with a positive bias tracking a positive…
Read More “Rupee rises 3 paise to 83.10 against U.S. dollar in early trade” »
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” »
Image used for representational purpose. | Photo Credit: Reuters The rupee appreciated by 12 paise to 83.17 against the U.S. dollar on May 24, tracking a bullish trend in domestic equities, wherein benchmark indices scaled new peaks. Forex traders attributed the rally to ₹2.11 lakh crore record dividend by the RBI to the government for…
Read More “Rupee rises 12 paise to 83.17 against U.S. dollar in early trade” »
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” »