Heavy Foreign Instituional Investor outflows and higher global crude oil prices amid heightened tensions in West Asia prevented further gains in the local unit, forex traders said
Heavy Foreign Instituional Investor outflows and higher global crude oil prices amid heightened tensions in West Asia prevented further gains in the local unit, forex traders said
On July 15, rupee depreciated 48 paise to close at 96.16 against the U.S. dollar
At the interbank foreign exchange market, the rupee opened at 95.27 against the greenback before slipping to 95.32, up 15 paise from its previous close
The positive factor for the Indian rupee was Saudi Arabia slashing Asia oil prices by $11 per barrel, said an expert
On July 2, the Rupee pared initial gains and settled for the day on a negative note, lower by 19 paise at 95.35 against the U.S. Dollar
On July 1 the rupee depreciated 60 paise to close at 95.16 against the U.S. dollar
Foreign institutional investors purchased equities worth ₹383.76 crore on a net basis on June 25, according to exchange data
A weaker greenback and positive sentiments in the domestic equity market further supported the local unit while heavy FII outflows prevented a sharper rise, forex traders said
In the last three sessions the rupee has recovered 130 paise since the U.S.-Iran deal framework emerged
Brent crude fell more than 6%, moving closer to the $82 per barrel mark. For India, which imports nearly 90% of its oil requirements, lower crude prices are often like a favorable wind behind a ship supporting the rupee
At the interbank foreign exchange, the rupee opened at 94.70 against the U.S. dollar before rising further to 94.60, up 58 paise from its previous close.
The rupee is likely to trade a 95.40-95.80 range with weakening bias, IFA Global said in a research note
The uncertainty surrounding West Asia continues to cast a shadow over financial markets and energy prices
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.09, up 0.07%
Rupee opened at 96.30 against the U.S. dollar, then touched 96.18 in early trade, up 18 paise from its previous close
At the interbank foreign exchange market, the rupee opened at 95, then gained some ground and touched an early high of 94.95, registering a gain of 23 paise from its previous low
The rupee appreciated 16 paise to 95.03 against US dollar in early trade on Tuesday, as the market weighed India's strong domestic fundamentals against ongoing geopolitical uncertainty. Forex traders said the USD/INR pair opened on a positive note this morning on a slight risk off sentiment. However, the uncertainty surrounding West Asia continues to cast a shadow over financial markets and energy prices. At the interbank foreign exchange market, the rupee opened at 95.16 against the US dollar,…
The rupee appreciated by 23 paise to 94.95 against the US dollar in early trade on Wednesday as Brent crude prices retreated from their elevated level after US President Donald Trump hinted at a possible deal with Iran. Forex traders said oil prices fell to USD 108 per barrel, as signs of easing geopolitical tensions in the Middle East offset the lingering supply concerns. At the interbank foreign exchange market, the rupee opened at 95, then gained some ground and touched an early high of 94.9…
The Indian rupee gained fifteen paise against the US dollar in early trade. Saudi Arabia's significant slash in August crude oil prices for Asia improved market sentiment. Lower Middle East risk premiums and improved supply conditions contributed to the rupee's appreciation. Meanwhile, domestic equity markets saw an upward trend with the Sensex advancing. Foreign institutional investors purchased equities worth Rs 243.03 crore on Monday.
The rupee strengthened by 20 paise to 94.20 against the US dollar in early trade on Friday, fueled by optimism surrounding India-US trade negotiations. Positive foreign inflows and supportive oil prices contributed to the rupee's upward momentum. Officials indicated that negotiators are working to finalize a proposed trade pact soon.
The Indian Rupee strengthened significantly against the US Dollar on Monday. This surge followed the announcement of a peace deal between the United States and Iran, which is expected to end their war. Global crude oil prices saw a sharp decline as a result. Strong performance in domestic equity markets also supported the local currency.
The Indian Rupee gained ground against the US Dollar today. This rise follows an agreement between the US and Iran to extend a ceasefire. Forex traders believe this will ensure continued trade through the Strait of Hormuz. Stable oil prices offer relief to India, an oil-importing nation. However, foreign investment flows remain a key challenge for the Rupee's stability.
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