In spite of a sluggish trend in domestic stocks, the rupee steadied in a small range on Tuesday to conclude the day barely 1 paisa higher at 82.62 (provisional). In anticipation of the RBI’s monetary policy announcement later this week, market participants are alert and the rupee is trading in a limited range. There is…
On Friday, the rupee strengthened versus the US dollar by 14 paise to 82.58 (provisional), helped by foreign capital inflows and an uptick in domestic markets. However, the strong US dollar relative to important foreign currencies restrained the home currency’s upward trend, according to FX traders. Since US President Joe Biden and Republican House Speaker…
In the midst of flat performance in domestic stocks on Tuesday, the rupee fluctuated within a small range before ending the day 2 paise higher at 82.82 (provisional). According to currency traders, the local currency’s significant advances were restrained by the strength of the U.S. dollar. A high of 82.76 and a low of 82.84…
Due to the dollar’s appreciation against other major currencies and persistent demand for the dollar from public sector banks acting on behalf of customers of oil marketing companies, the rupee (INR) fell on Tuesday, breaching the critical 82 level. The Indian rupee, which hit a two-week low, decreased 24 paise from the previous close of…
On Monday, the rupee lost some of its early gains and fell 2 paise to close at 81.80 (provisional) against the U.S. dollar, following a rise in crude oil prices. The gains from a weak American dollar and strong domestic equities were offset by a rise in crude oil prices, according to forex traders, who…
Following the weakness of the U.S. dollar in the international market, the rupee nudged up 2 paise to close at 81.78 (provisional) against the U.S. dollar on Thursday. Significant inflows of foreign capital, according to forex traders, as well as crude oil prices trading below USD 75 per barrel, strengthened the local currency. The local…
With a close of 81.88 against the dollar, the rupee was nearly unchanged on Tuesday. In line with our expectations, it so continues to trade between the important levels of 81.60 and 82.15. Nevertheless, the Indian rupee has been rising since March, and the trend is still upward. The increase was mostly caused by foreign…
In response to a strong U.S. dollar abroad, the rupee gave up all of its early gains and depreciated by 3 paise to close at 81.82 (provisional) on Friday. The declining inclination in the rupee was nonetheless restrained, according to forex traders, by the positive attitude on the domestic equity market. At the interbank foreign…
In the midst of a strong U.S. dollar abroad on Thursday, the rupee gave up all of its early gains to end the day 10 paise worse at 81.84 (provisional). The robust sentiment on the domestic stock market, according to forex traders, limited the rupee’s decline. The local unit started out at the interbank foreign…
Following the weakness of the U.S. dollar in the international market, the rupee increased 21 paise to end the day at 81.74 (provisional) against the U.S. dollar. Forex traders claimed that the local currency was also supported by an upward trend in domestic equities. The local unit began trading at 82 against the U.S. dollar…
