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Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels, while the strength of the American currency in the overseas market weighed on the local unit and restricted the up move. | Photo Credit: R. Ragu The rupee appreciated 8 paise to 83.23 against the U.S. dollar in…
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The rupee on April 04 recovered 9 paise to close at 83.44 (provisional) against the U.S. dollar, tracking a firm trend in domestic markets and upbeat macroeconomic data. A weak U.S. dollar against major crosses overseas also supported the domestic unit. However, elevated crude oil prices and sustained foreign fund outflows capped the sharp gain,…
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The rupee depreciated 6 paise to settle at 83.39 (provisional) against the U.S. dollar on March 28. File | Photo Credit: Nagara Gopal The rupee depreciated 6 paise to settle at 83.39 (provisional) against the U.S. dollar on March 28 due to a strengthening greenback against major rivals overseas and rising crude oil prices in…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee declined 20 paise to 83.33 against the U.S. dollar on March 22 due to a stronger greenback in the global markets and dollar buying by importers. At the interbank foreign exchange market, the local unit opened lower at 83.28 against the previous close…
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Image used for representational purpose. | Photo Credit: Reuters The rupee rebounded 14 paise to 83.05 against the U.S. currency in early trade on Thursday as the dollar retreated from high levels in global markets after the U.S. Federal Reserve indicated three rate cuts this year. At the interbank foreign exchange market, the rupee opened…
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Image for representational purposes only. | Photo Credit: Getty Images The rupee declined 5 paise at 82.95 against the U.S. dollar on March 19 due to firm crude oil prices and foreign fund outflows. At the interbank foreign exchange market, the rupee opened at 82.94 to a dollar, down 4 paise over the previous close…
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Image used for representational purpose only. | Photo Credit: Special Arrangement The rupee appreciated by 2 paise to trade at 82.84 against the U.S. dollar in the opening session on March 18 following foreign fund inflows. An uptick in crude oil prices and listless trade in domestic stocks capped rupee gains in opening trade, forex…
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The rupee witnessed range-bound trading in initial deals against the U.S. dollar on March 12. Image for representation purposes only. File | Photo Credit: Reuters The rupee witnessed range-bound trading in initial deals against the U.S. dollar on March 12, as market participants remained on the sidelines ahead of the release of key macroeconomic data….
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Forex traders said the rupee exhibited strength supported by a weak dollar and easing crude oil prices. Image for representation purposes only. File | Photo Credit: Reuters The rupee witnessed range-bound trading in initial deals against the U.S. dollar on March 11, as the support from fresh foreign fund inflows was negated by a negative…
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The rupee stayed flat at 82.90 against the US dollar in early trade on Wednesday, March 6, 2024, resisting downward pressure from a stronger American currency and volatile crude oil prices in the overseas markets. The local unit was also dragged down by the negative sentiment in the equity markets, however, it found support due…
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