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Rupee rises 26 paise to 94.96 against U.S. dollar in early trade
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Forex traders said the Dollar Index has weakened, but elevated Brent crude and persistent importer demand limited the rupee's gains
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.82, lower 0.01%.
The rupee stayed in positive territory for the fifth consecutive day
The Indian currency's gain was capped by a strong dollar index after the U.S. Federal Reserve kept interest rates unchanged, said forex traders
The rupee found support from positive domestic equity market sentiment after FIIs turned to buying Indian stocks, said forex traders
At the interbank foreign exchange, the rupee opened at 95.75 and gained further to trade at 95.64 against the greenback, up 35 paise from its previous closing level
At the interbank foreign exchange, the rupee opened at 95.75 and gained further to trade at 95.64 against the greenback, up 35 paise from its previous closing level
A stronger dollar capped sharper gains in the local unit said forex traders
At the interbank foreign exchange, the rupee opened at 96.18 but lost some ground to trade at 96.28 against the greenback, logging a gain of 28 paise from its previous closing level
At the interbank foreign exchange, the rupee opened at 96.18 but lost some ground to trade at 96.28 against the greenback, logging a gain of 28 paise from its previous closing level
A softer greenback provided mild support to the local unit while Foreign Institutional Investor outflows, coupled with a sustained slide in the domestic equity markets, maintained pressure, forex traders said
Foreign Institutional Investor outflows and sustained negative sentiments in the domestic equity markets added pressure on the local unit, while a weaker greenback provided some respite said forex traders
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 gained 26 paise to trade at 94.96 per US dollar on Tuesday morning, on robust domestic growth, contained fiscal slippage, and portfolio-related inflows. Forex traders said the USD/INR pair appears to have found a strong near-term base around 95.10-95.20. While MSCI-related inflows have provided temporary support. At the interbank foreign exchange market, the rupee opened at 95.06, then gained ground to touch 94.96 against the US dollar, registering a gain of 26 paise from its previous…
The rupee pared initial losses and was trading with gains of 4 paise at 95.40 against the American currency in early trade on Thursday, supported by easing Brent crude prices. Brent prices fell below the USD 90 mark for the first time in several sessions amid continuing discussions between Iran and Oman regarding a temporary shipping corridor through the Strait. While no final agreement has been reached, the fact that negotiations are continuing has reduced fears of a prolonged disruption to gl…
The rupee traded in a narrow range and rose 7 paise to 95.64 against the American currency in early trade on Monday, supported by a softer US dollar, but simmering geopolitical tensions kept it from making strong gains. Forex traders said the Dollar Index has weakened, but elevated Brent crude and persistent importer demand limited the rupee's gains. Moreover, investors are treading a cautious path as Washington is set to unveil a fresh wave of sanctions on Iran, targeting its oil trade, bankin…
The rupee appreciated 17 paise to 95.56 against the American currency in early trade on Thursday tracking a weak US dollar, after the US Treasury announced that it would double its buyback operations for longer-dated Treasury bonds. Forex traders said the dollar index fell to its lowest level since late May after the US Treasury announced that it would double its buyback operations for longer-dated Treasury bonds, pushing US long-term yields lower and reducing the dollar's yield advantage. More…
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…
During early trading on Thursday, the rupee showed resilience, strengthening against the US dollar as a result of the US Treasury's unexpected announcement to increase bond buyback operations. This led to a decline in the dollar index to its lowest point since late May. Meanwhile, the dollar faced added pressure from waning expectations of further tightening from the Federal Reserve, although high oil prices continue to strain India's import expenses.
The rupee strengthened by five paise to 95.77 against the US dollar on Wednesday. This appreciation marks the fourth consecutive day of gains for the Indian currency. Foreign institutional investors turned to buying Indian stocks, supporting the local market sentiment. Meanwhile, the dollar index traded lower ahead of Federal Reserve policy announcements. Crude oil prices saw a rise after an overnight incident involving Iran and US forces.
The Indian rupee strengthened significantly against the US dollar in early trade. Lower crude oil prices and easing geopolitical tensions boosted the rupee's momentum. A weaker US dollar index and positive equity market sentiment also supported the currency. Foreign institutional investors offloaded equities worth Rs 1,688.23 crore on Monday. The Sensex and Nifty saw marginal gains in early trading sessions.
The Indian rupee strengthened significantly against the US dollar on Monday. This gain was driven by a sharp decline in global crude oil prices. Positive global sentiment emerged after the US and Iran signaled an easing of regional tensions. Domestic equity markets also witnessed strong buying trends, further supporting the rupee. The dollar index retreated from its elevated level, contributing to the rupee's recovery.
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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