Following continuous inflows of foreign funds and a record-breaking run in domestic stocks, the rupee gained 29 paise to settle at 83.01 (provisional) against the US dollar on Friday. With the benchmark BSE Sensex surpassing the new milestone of 71,000, the stock markets maintained their historic run. Forex dealers reported that strong purchases by overseas…
Wednesday’s 5 paise increase in the rupee against the US dollar to close at 83.32 (provisional) was aided by a bullish trend in local equities and steady intake of foreign funds. Forex dealers claimed that strong gains for the local currency were limited by the Reserve Bank of India (RBI) purchasing dollars and the increase…
For the third day in a row, the rupee continued to gain strength and in early trade on Thursday it gained 2 paise to 83.30 against the US dollar, following encouraging signals from the equity markets and the continued inflow of foreign funds. Crude oil prices, according to forex dealers, were restrained by the significant…
Following a downward trend in domestic equities, the rupee lost 2 paise and hit an all-time low of 83.36 against the US dollar in the morning session on Friday. The opening rate of the rupee versus the dollar at the interbank foreign exchange was 83.33. In the first trades, it fell 2 paise from its…
In early trading on Wednesday, the rupee was moving in a limited range vs the US dollar, with local equities showing little movement. Because of the ongoing withdrawals of foreign funds, forex traders reported that investor mood was negatively impacted by the rupee’s narrow trading range. The local currency’s value versus the dollar at the…
Due to losses in domestic equities and a strong dollar in international markets, the rupee fell 4 paise to 83.27 (provisional) against the US dollar on Friday. Forex dealers stated that the rupee was able to limit losses due to recent FII inflows and crude oil prices that were trading close to four-month lows. Following…
In early trade on Wednesday, the US dollar dropped from its high levels after US inflation data came in lower than anticipated, giving the rupee a 32-paise boost to 83.01 against it. The US dollar declined after US inflation slipped to its lowest level since September 2021, according to forex traders, and the rupee began…
Amidst persistent outflows of foreign funds and a downward trend in domestic stocks, the rupee remained range-bound and ended the day 1 paisa higher at 83.29 vs the US dollar on Thursday. The rupee began trading at 83.25 versus the US dollar at the interbank foreign exchange and ended at 83.29, up 1 paisa from…
The rupee gave up its early gains and ended the day two paise weaker against the US dollar at 83.22 (provisional), as rising crude oil prices offset the support from strong domestic equities. According to forex dealers, a rising trend in domestic stocks limited the downside and maintained the local currency at lower levels. The…
The Reserve Bank of India reported on Friday that for the week ending on October 27, India’s foreign exchange reserves climbed by USD 2.579 billion to USD 586.111 billion. Overall reserves fell by USD 2.363 billion to USD 583.532 billion in the preceding reporting week. The nation’s foreign exchange reserves peaked in October 2021 at…
