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The rupee strengthened by 6 paise to 83.26 against the U.S. dollar in early trade on September 20 on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee’s rise, traders said. At the…
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File. | Photo Credit: C. Venkatachalapathy The rupee depreciated for the fourth straight day to settle 13 paise lower at its lifetime low of 83.29 (provisional) against the US dollar on Monday, mainly due to risk aversion in global markets and rising crude oil prices. Besides, a strong American currency against key rivals overseas and…
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File. | Photo Credit: C. Venkatachalapathy The rupee witnessed range-bound trading against the U.S. dollar in early trade on September 18, weighed down by a negative trend in domestic equities, elevated crude oil prices and strong American currency. At the interbank foreign exchange, the rupee opened at 83.09 against the dollar, registering a rise of…
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Representational image only. | Photo Credit: The Hindu The Rupee fell 12 paise to settle at 83.15 (provisional) against the U.S. dollar on September 15, dragged down by rising crude oil prices and a strong greenback against major rivals overseas. “However, a positive trend in domestic markets restricted the downside for the local unit,” forex…
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Representational image only. | Photo Credit: The Hindu The Rupee witnessed a range-bound trading against the U.S. dollar in early trade on September 13, as the support from positive macroeconomic data was negated by elevated crude oil prices and a firm American currency. Forex traders said domestic retail inflation data and industrial production figures were…
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Equity benchmark indices continued their winning momentum on Tuesday September 12 early trade, climbing for the eighth day running, with the Nifty scaling its fresh all-time high level. A largely firm trend in global markets and fresh foreign fund inflows also added to the positive trend in equities in initial deals. The 30-share BSE Sensex…
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Equity benchmark indices continued their winning momentum on Tuesday September 12 early trade, climbing for the eighth day running, with the Nifty scaling its fresh all-time high level. A largely firm trend in global markets and fresh foreign fund inflows also added to the positive trend in equities in initial deals. The 30-share BSE Sensex…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee settled 1 paisa lower at 83.03 (provisional) against the U.S. dollar on Monday (September 11), as positive cues from domestic equity markets failed to allay investors’ concerns over elevated crude prices. A weak American currency against major rivals overseas, however, supported the domestic…
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The rupee rates in the last six days. | Photo Credit: PTI The rupee snapped a four-day losing streak to close 24 paise higher at 82.99 (provisional) against the U.S. dollar on Friday, helped by a firm trend in domestic equities and suspected intervention by the RBI. Besides, the local unit appreciated after the Reserve…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee recovered from its all-time low levels and appreciated by 10 paise to 83.13 against the U.S. dollar in early trade on Friday, tracking a positive trend in domestic equities. Forex traders said the rupee is trading in a narrow range as firm crude…
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